Real estate securities brought the sun and the flowers by adding 16.25 percent in the third quarter of 2024, in US-dollar terms, on the back of three consecutive monthly wins, according to the GPR/APREA Composite Index. This brought the total return performance for the past 12 months to 19.65 percent and 10.74 percent year-to-date, significantly reversing the respective –0.58 percent and –4.74 percent performances from the second quarter of 2024. There was outperformance for Asia Pacific real estate securities (16.25 percent) versus general equities (9.16 percent) during the third quarter.

Looking at country-level returns, Indonesia (36.22 percent), Thailand (35.00 percent) and China (30.39 percent) led the pack, while most other countries also posted double-digit gains rang