Global ODCE funds maintained their fifth consecutive positive performance, with capital growth turning positive in Q1 2026. All three regions reported positive returns this quarter with the European ODCE funds outperforming the other regions.
The Q1 2026 release features the performance of 49 funds with a combined GAV of US$ 350.9 billion.
Key highlights:
- The Q1 2026 Global ODCE fund index delivered a net total return of 1.06%, up from 0.42% posted in the previous quarter.
- European ODCE funds outperformed the other regions with a return of 1.28%, followed by the US with 1.04%, then Asia Pacific with 0.85%.
- At 0.31%, capital growth turned positive, up by 64 bps from the previous quarter, while the accrual-based income return remained unchanged from Q4, delivering 0.75%.
- Global ODCE real estate portfolios are dominated by allocations to the industrial / logistics, which accounts for the largest allocation in all three regions. In all three regions, this sector has a weight of over 30%.
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