The Q1 2022 INREV Quarterly Fund Index delivered a total return of 3.40% in Q1 2022, the strongest Q1 result since 2006, albeit down from 4.21% recorded in Q4 2021.
The Q1 2022 release includes 337 funds with a combined GAV of €330.2 billion.
- A 62 bps decline in distributed income return was the main cause of this quarter’s eased performance, while capital growth also slowed by 19 bps.
- Value added funds outperformed, recording a quarterly total return of 3.75%, while their core peers followed with a total return of 3.38%
- Retail and office focused strategies recorded marked quarter-on-quarter improvements in capital growth of 138 bps and 168 bps, respectively
- Multi country funds delivered a steady performance in Q1 2022, while single country funds subsets noted a softening in their performance. The resulting performance gap stood at 25 bps this quarter.
View detailed analysis via the Index Analysis Tool or download the report, Excel and snapshots below.
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.