The Q2 2023 INREV Quarterly Fund Index saw performance improve to -0.47% from -1.17% in Q1.
The Q2 2023 release includes 302 funds with a combined GAV of €298.8 billion.
Key highlights:
- All Funds’ capital growth of -1.24% was negative for the fourth consecutive quarter but improved by 45bps in the three months to the end of June from -1.69% in Q1. It has now fallen by -11.58% in the last four quarters.
- UK focused funds continue to recover from the sharp de-rate in pricing seen at the end of last year.
- Germany focused funds continued to outperform the rest of the single country specialists in the index. However, the Q2 total returns slowed to 0.60% from 0.75% in Q1.
- Multi-sector and residential focused funds produced negative total returns in Q2. But funds specialising in office, industrial and retail assets reported positive results.
- Closed end funds outperformed Open end funds and Value Add outperformed Core.
View detailed analysis via the Index Analysis Tool or download the report, Excel and snapshots below.
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INREV Quarterly Index
Last updated on 13 Mar 2024
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.