August capped another month of positive performance for Asia Pacific property stocks with total returns of 1.4 percent, though this was a slowdown from July’s unsustainable 6.4 percent return. Impressively, eight months into 2017, the region has only suffered one month with negative returns, a paltry –0.3 percent return in June. With year-to-date returns through August of 28.3 percent as compared with global property returns of 18.2 percent, the Asia Pacific region is the best-performing region among global property companies. Generally, real estate companies continue to benefit from the confluence of a strengthening global growth environment but still dovish yield curve that is keeping long-dated interest rates low. While the strong performance primarily has been driven by a rebound in developer valuations globally, REITs have also posted positive returns, although at a more modest 9.0 percent through August (based on SNL Financial data, with quoted country returns in local cur