- October 1, 2016: Vol. 8, Number 9

To read this full article you need to be subscribed to Institutional Real Estate Asia Pacific

Muted returns in August for real estate stocks

by Christopher Hartung

During August, both Asia Pacific and global property stocks had muted performance, as the markets once again assessed the balance of conflicting global economic data and signs the US Federal Reserve would be more likely to raise interest rates in 2016, which led to a strengthening dollar. Meanwhile, income-oriented investment shined year-to-date through August, given investors have fewer yield investment opportunities. The result of the muted August was a 0.8 percent and –0.8 percent return for Asia Pacific and global real estate stocks, respectively. Through August of this year, Asia Pacific listed property stocks have fallen short of global property stocks, with returns of 9.4 percent and 12.3 percent, respectively. The demand for yield is evident in REIT-specific performance, with Asia Pacific REITs up 22.8 percent for the year (based on SNL Financial data, with quoted country returns in local currency and regional indexes quoted in US dollars).

On a country basis, Chine

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy