The INREV Quarterly Fund Index delivered a 0.87% total return in Q2 2026, down from 1.27% a quarter earlier. The latest release comprises a record 327 funds with a combined GAV of €324.3 billion, including eight new funds.
Key highlights:
- The INREV Quarterly Fund Index posted a total return of 0.87% in Q2 2026, marking its first decline after three consecutive quarters of improvement
- At 1.32%, the retail-focused funds outperformed the other single-sector specialists, while the residential-focused funds delivered their weakest result since Q1 2024
- At 1.30%, the UK focused funds outperformed the other main single-country strategies for the first time since Q4 2021
- Value-added funds deliver the strongest performance since Q4 2021, with a Q2 2026 total return of 2.87%
View detailed analysis via the Index Analysis Tool or download the report, Excel and snapshots below. The full list of participating funds is available in the report.
INREV Quarterly Fund Index
Published on 18 Aug 2026
The INREV Fund 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.