Author Archives: TR Property

April 2020

By | 6th May 2020

Pan-European broad equities (measured by the STOXX Europe 600 index, in euros) generated total returns of +6.7%. They shrugged off poor corporate earnings releases and dreadful macroeconomic news flow in April, warmed by the enormous central bank and government support actions. Pan-European property stocks (EPRA Developed Europe, sterling, total returns) returned +1.7%, lagging the wider… Read More »

March 2020

By | 8th April 2020

March 2020 saw the most dramatic real estate equity market performance in living memory (and certainly in the 24 years I have been involved in the management of TR Property). The net asset value (NAV) fell -19.8%, while the benchmark was down -19.1%. The share price fell by -26.7%. These were all unprecedented figures over… Read More »

February 2020

By | 30th March 2020

Pan European real estate equities – much like many other equity sectors – reached all time highs this month. This record statistic was swiftly followed by another more ominous one, that of consecutive daily market corrections. In the case of our index a fall of -9.1% between 21st and 28th February. The UK element of… Read More »