Pan-European real estate equities suffered a poor month, with the FTSE EPRA Nareit Developed Europe Capped Index in sterling falling -1.73%. The net asset value (NAV) total return of the Trust fell slightly less at -1.48%, delivering a modest outperformance of +25 basis points. Against the recent trend, it was continental Europe (-3.5% in euros)… Read More »
May was a strong month for pan-European real estate equities when viewed in sterling, with returns of 2.44%. The picture in euros was very different, however, with a negative performance of -0.38%. Essentially, both sterling and UK property companies were poor performers over the month. Sterling fell -2.7% against the euro and UK property companies… Read More »
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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 »