REAL ESTATE INVESTMENT TRUSTS & FUNDS
AUSTRALIA’S listed property sector has rebounded across the second quarter, eclipsing the performance of both equities and unlisted property.
A-REITs were up 3.3% in the second quarter, while unlisted property returns were down 4.4%, according to new data from Zenith Investment Partners...
Annually, listed property delivered the greatest property returns at 8.5%, compared to direct property which saw returns of 1.1% down from 5.4% in the...
Direct property returns were driven down by a capital growth reversal. Though income continues to be paid returning around 4.8% over the year...
“Direct property transaction volumes are expected to remain limited in the quarter ahead, particularly in retail and office sectors where capitalisation rates...
“This environment will continue in the quarter ahead, with market participants pausing to assess the impact of further monetary policy decisions.”...
On the other hand, unlisted property delivered a negative return of 2.5% in the 12-month period to 30 June, after seeing returns of 12.1% over...
Total returns across the three main commercial property sectors were down from the same period last year...
With retail property returns at 2.7%, office property returns at negative 2.5% and industrial property returns at 6.6%. Though the latter was down...
“While uncertainty around the speed of interest rate rises and increases to investors cost of capital have led to a reversal in direct property valuations...
In a recent Talking Property podcast, MSCI Pacific head of real estate research Benjamin Martin-Henry said the pricing gap expectations remain...
The MSCI Price Expectations Gap model – which estimates the amount sellers would need to shift their price expectations to bring transaction...
Recent AREIT transactions have been below book value, including Dexus’ sale of One MargaretStreet for $293.1 million reflecting a 21% discount, Hong Kong-based...
“With a pull pack in direct property valuations underway and a potential peak in this current interest rate cycle, value is beginning to emerge across both public...