For the second consecutive quarter the overall Global ODCE posted a positive capital growth in Q2 2025. Despite a quarter-on-quarter decrease in performance from Europe and the US, all three regions maintained positive returns this quarter, with Asia Pacific outperforming the other regions
The Q2 2025 release features the performance of 48 funds with a combined GAV of US $347 billion.
Key highlights include:
- The Q2 2025 index delivered a net total return of 2.17%, up 82 bps from the previous quarter.
- The Asia Pacific ODCE funds outperformed the other regions posting total returns of 5.47%, followed by the US with 0.81%, then Europe with 0.22%.
- Capital growth maintained its second consecutive quarter of positive performance with 1.38%, up 84 bps from Q1 2025. The accrual-based income return remained steady at 0.79%, down by 2 bps from the previous quarter.
- Global ODCE real estate portfolios are dominated by allocations towards the mainstream sectors, like industrial / logistics and office. In all three regions, these two sectors have a combined weight of over 50%.
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