- June 1, 2014: Vol. 6, Number 6

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Positive returns continue for Asia Pacific region in April

by Chris Hartung

Accelerating an upward trajectory that began in February, the Asia Pacific region posted a third consecutive month of positive returns in April, up 3.3 percent. The string of returns has allowed the region to regain all of the ground lost during the market sell-off in January, and as such, Asia Pacific real estate stocks are marginally in the black on a year-to-date basis, up 0.4 percent according to SNL Financial (with regional returns denominated back to US dollars and country returns in local currency). With a decided shift toward safe-haven names and locations due to geopolitical fears and increasing uncertainty over global economic growth, REITs outperformed developers in the Asia Pacific region as well as globally. The month’s 3.3 percent return also marks the second month in a row where the Asia Pacific region outperformed global real estate stocks; however, on a year-to-date basis, global real estate is up 5.2 percent, approx

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