The INREV Annual Fund Index delivered a 2022 total return of -1.54%, as capital values fell by -5.07%. The latest annual release includes 327 funds with a combined GAV of €313.0 billion as at the end 2022.
Key highlights:
- After the post Covid boost enjoyed by real estate markets in 2021 performance slowed in 2022. The INREV Annual Fund Index delivered a total return of -1.54% in comparison to 11.34% in 2021.
- Capital growth of -5.07% was the main driver of this year’s performance whilst distributed income return increased to 3.53% from 3.19% in 2021.
- Value added funds outperformed Core funds for the second consecutive year in 2022.
- Residential was the top performing single sector strategy. It was the only sector strategy to report positive capital growth and delivered a total return of 4.09% in 2022.
- German funds were the outstanding performer among funds with single country strategies as total returns increased to 8.26% in 2022 from 7.89% a year earlier.
View detailed analysis via the Index Analysis Tool or download the report, Excel and snapshots below.
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INREV Annual Index
Published on 25 Apr 2023
The INREV index is a performance index for the European non-listed real estate funds investing 90% of GAV or more in Europe. The INREV Index measures annual Net Asset Value based performance. The information for the annual index goes back to 2001. The Annual Index is published in the third week of April. INREV members are able to analyse the INREV Index in more depth on the INREV website using the INREV Index Analysis Tool..org (47)