The Q1 2026 performance of the INREV German Vehicles Index turned negative to -0.05%, down from 0.15% in Q4. This was the first negative quarter since Q2 2013. The Q1 2026 release includes 204 vehicles with a combined GAV of €184.4 billion.
Key highlights:
- At 0.30% Spezialfonds remained resilient, while Publikumsfonds delivered their fourth consecutive quarter of negative returns (-0.36% in Q1)
- At 0.28%, vehicles focused on Germany delivered their fifth consecutive quarter of positive performance and outperformed the other geographical strategies
- All single sector specialists delivered a positive performance, with the retail focused funds outperforming
View a detailed analysis via the German Vehicles Index Analysis Tool or download the report, Excel and snapshots below.
German Vehicles Quarterly Index
Published on 26 May 2026
The INREV German Vehicles Quarterly Index covers the performance of non-listed real estate vehicles domiciled in Germany on a quarterly basis.
The All German Vehicles Quarterly Index can be further broken down by style, country, structure, legal structure and sector.