The European ODCE Flash Report total return stood at 0.89% in Q3 2026, up 11 bps from 0.78% in Q2. The ODCE Flash Report provides an early insight into the performance trend of European open end diversified core equity (ODCE) funds. It provides preliminary results just 15 business days after quarter end, ahead of the full release of the ODCE Index eight weeks after quarter end.
Key highlights:
- The preliminary total return stood at 0.89% in Q3 2026, up 11 bps from 0.78% in Q2.
- Capital growth increased by 14 bps to 0.22%, as distributed income return decreased by 3 bps to 0.67%.
- The Q3 2026 net capital inflow was €143.3 million, comprising €283.6 million in capital calls and €140.3 million in redemptions. This is less than half the average quarterly net capital inflow of €317.9 million since interest rates started rising in Q3 2022.
- The Q3 2026 one-year rolling return stood at 4.14%. The three-, five- and seven-year average annual rolling returns were 0.93%, -0.31% and 0.89%, respectively.
The Flash Report sample represents 15 ODCE funds, with a total NAV of €31.9 billion. Results are preliminary and subject to change with the full ODCE Index publication on the 25th of November.
Download the Q3 2026 ODCE Flash Report below.
ODCE Flash Report
Published on 20 Oct 2026
The ODCE Flash Report delivers an early snapshot of performance across European open end diversified core equity (ODCE) funds.
Developed in response to investors’ growing demand for timely access to performance data, the ODCE Flash Report is the first of its kind in the market. It provides preliminary results just 15 business days after quarter end, giving investors early visibility into the direction of European core real estate performance ahead of the comprehensive ODCE Index, released eight weeks after quarter end.