Pan-European real estate equities drifted sideways in April, returning a slightly weak -1.2% over the month. This stood in stark contrast to the strong performance in March (+4.8%), which took the first quarter’s total return to 9%. The Trust’s net asset value (NAV) fell less than the benchmark, at -0.36%, leading to 84 basis points… Read More »
Pan European real estate equities enjoyed a strong performance in March with the benchmark index rising 4.8% which more than compensated for the weakness in February. Adding in the strength in January the sector enjoyed a Q1 total return of 9%, its fastest quarterly growth since Q1, 2015. The Trust also enjoyed a strong performance… Read More »
After the stunning rally in January during which the benchmark rose 7.2%, February saw a steady reversal of the start-of-year euphoria. The benchmark corrected by -3.0% and managed only seven positive trading days in the month. However, much of this downward movement evaporates when you look at stock performance in local-currency terms. When viewed in… Read More »
After the correction in late 2018, which totalled -11.2% for pan European real estate equities between September and December (as measured by the Trust’s benchmark FTSE EPRA/NAREIT Developed Europe net total return Index (in sterling), January saw a stunning reversal, with the index rising 7.2%. Every company in our universe made a positive return over… Read More »
Asset TV Investor caught up with Marcus Phayre-Mudge at the annual Winterflood conference on 24th January 2019 to discuss real estate as an asset class in this 3 minute interview.