Global equity markets suffered a significant correction in October. The weakness experienced across many emerging markets through September spread to developed markets, with the highly valued technology stocks in the S&P 500 Index (-6.8%) leading the way down. While real estate equity markets were certainly not immune, they were far less affected. The trust’s benchmark… Read More »
The steady climb in European property shares this year came to an abrupt halt in September. The Trust’s benchmark, FTSE EPRA Nareit Developed Europe Net TR (in GBP) fell -3.5% in the month and this was the first material monthly fall since the Jan / February correction. Investors returned from their summer holidays to be… Read More »
Pan European property shares initially continued their positive run with the benchmark FTSE EPRA/NAREIT Developed Europe Index TR in GBP) gaining over 2.5% in the first 3 weeks of August. However there was an abrupt pullback in the last few days of the month, coinciding with the end of the holiday period. This resulted in… Read More »
Pan European property shares extended their gains in July, with the benchmark (FTSE European Public Real Estate Association/National Association of Real Estate Investment Trusts (EPRA/NAREIT) Developed Europe Index total return in sterling) rising 2.1%, bringing the financial year (31 March) to-date performance up to 8.2%. The fund’s total return in July was 2.8%, exceeding the… Read More »
After the strong performance of real estate equities from the February lows, June saw the market pause with the benchmark, FTSE EPRA / NAREIT Europe Index TR (in GBP) rising 1.06%. The Trust’s NAV was slightly behind at 1.01% whilst the share price rallied 3.9% nudging the stock back to a small premium to asset… Read More »