The second quarter of 2026 was a mixed — but ultimately resilient — quarter for Asia Pacific real estate securities, with the GPR/APREA Composite Index’s total return performances being 7.17 percent in April 2026, –3.18 percent in May 2026 and –3.86 percent in June 2026, respectively. The sector was less about a broad rally and more about winners and laggards having a level playing field. Although Asia Pacific real estate securities finished the quarter only 0.24 percent lower, they sharply underperformed general equities, which returned 21.54 percent.
Looking at quarterly total return performances by country, India (19.15 percent), Australia (12.69 percent) and Thailand (12.24 percent) were the best performers. Indonesia (–68.66 percent) took a big hit, followed by China (â€
