The Global Real Estate Fund Index (GREFI) delivered a total return of 3.36% in Q2 2022 as performance fell back from record levels the previous quarter.
This release features 470 funds and represents a total gross asset value (GAV) of USD 1,055.18 billion.
Key highlights include:
- US focused funds again topped the regional strategies’ performance for the sixth consecutive quarter, posting a total return of 4.83% followed by European strategies with 2.64%, and Asia Pacific which recorded a 0.87% total return.
- Non-core funds continued to outperform their core equivalents, posting quarterly total returns of 4.23% and 3.19%, respectively.
The GREFI open end funds Index continued to deliver strong relative performance this quarter, with a local currency total return of 3.53%, albeit down from 5.07% last quarter.
Download the report, Excel and snapshots below for detailed GREFI data
The Global Real Estate Fund Index (GREFI) is jointly produced by INREV, ANREV and NCREIF and measures the performance of non-listed real estate vehicles on a global scale.
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The GREFI is an index showing the performance of non-listed real estate funds on a global scale. The GREFI is updated on a quarterly basis and is published 12 weeks following the quarter end.
The aims of the GREFI are to improve transparency of real estate as an asset class and to help our members make better informed investment decisions. As an industry, it is vital that we work towards being able to make robust global and intra-regional comparisons.
This initiative represents the integration of three member-driven non-profit organisations to meet the data collection and information needs of their expanding global activities, and to serve as the basis for further collaboration in the future.