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INREV Quarterly Fund Index delivers strongest capital growth in nearly 15 years

The INREV Quarterly Fund Index delivered capital growth of 2.2% in Q3 2021, up from 1.9% recorded in Q2 2021. 

The Q3 2021 release includes 343 funds with a combined GAV of €305.4 billion.

Key highlights:

  • Total returns improved modestly to 2.8% in Q3 2021, 19 bps up from the previous quarter.
  • Core funds continued to display robust results, posting a total return of 2.9% in Q3 2021. Returns of their value added peers slowed to 2.0%, leading to an increase in the performance gap between the two strategies to 93 bps.
  • The increase in Q3 performance was mostly country driven, with the UK and Germany single country strategies standing out the most.
  • In terms of sectors, retail strategies saw a sharp recovery in performance this quarter, with capital growth turning positive for the first time in thirteen consecutive quarters.

View detailed analysis via the Index Analysis Tool or download the report, Excel and snapshots below.

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INREV Quarterly Index  

Published on 24 Nov 2021

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.