The INREV Quarterly Fund Index delivered a 0.98% total return in Q2, down from 1.08% posted in the first quarter of the year. The Q2 2025 release includes 304 funds with a combined GAV of €301.2 billion.
Key highlights:
- All single sectors delivered a positive performance in Q2, and recorded an increase in their performance except industrial/logistics.
- Residential funds continued to deliver the strongest returns among single sector specialists, with 1.95%, followed by retail (1.22%). The office funds’ performance turned positive this quarter, with a 0.58% total return.
- Dutch and UK focused funds continued to deliver positive returns for the sixth consecutive quarter, with 2.15% and 0.89%, respectively. At 0.48%, the Germany focused funds reported their highest performance in the last two years.
View detailed analysis via the Index Analysis Tool or download the report, Excel and snapshots below.
INREV Quarterly Index
Published on 21 May 2025
The INREV Index is a performance index for European non-listed real estate funds investing 90% or more in Europe. The information for the quarterly goes back to Q2 2000. The Quarterly Index is published 8 weeks after the end of the quarter, and reports are available in PDF format. The reports cover the performance of non-listed funds in Euro, USD, GBP, JPY, AUD and in Local Currency and are available for members only, please login to download.