The Q2 2023 INREV German Vehicles Quarterly Index’s total return decreased to 0.41% from 0.55% in Q1 2023. Capital growth decreased by 19 bps to -0.06%, while distributed income increased from 0.42% in Q1 2023 to 0.47% in Q2 2023.
This release includes 202 funds with a combined GAV of €186.6 billion as of the end of Q2 2023.
Key highlights:
- Publikumsfonds have outperformed Spezialfonds for three consecutive quarters for the first time since 2011.
- Performance of vehicles with a focus on Europe and Germany remain positive. Germany-focused funds continue to outperform those that focus on Europe, excluding Germany at 0.55% and 0.38%, respectively.
- Vehicles with a focus on offices remain the only single-sector strategy to generate positive returns, yielding a total return of 0.60% in the second quarter of 2023. This notable success can be attributed to office-focused funds being the sole sector experiencing positive capital growth during this period.
View a detailed analysis via the German Vehicles Index Analysis Tool or download the report, Excel and snapshots below.
German Vehicles Quarterly Index
Last updated on 27 Feb 2024
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.