Reitway Review - Edition 36

Market Overview

There were few places to hide during the first half of 2022.High levels of inflation, slowing growth, rising rates, Fed policy uncertainty and fallout from Russia’s war on Ukraine weighed on capital market returns.REITs were no exception.

The GPR 250 REIT World Index continued its negative streak during 2Q22. The index declined -8.14% during June, following losses of -5.21% and -5.14% during April and May respectively.As a result, the property sector is trading 17.4% lower than at the start of the year.

On a country level, Hong Kong and Singapore delivered the best returns during the quarter while Canada, Australia, South Africa and Europe declined by more than 20% in US dollars.