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Early signs of COVID-19 in non-listed real estate

The All Funds Index total return eased to 0.22% in the first quarter 2020 down from 1.80% recorded in the previous quarter, according to the results of the INREV Quarterly Index Q1 2020. 

Key highlights of INREV Quarterly Index Q1 2020:

  • The Q1 2020 data collection was accompanied by a questionnaire on the impact of COVID-19 on valuations.   
  • The majority of respondents to the questionnaire indicate that a large part of their real estate portfolios were valued under the “Material Uncertainty” clause 
  • The Q1 2020 is the weakest quarter since 2012, displaying a 0.22% quarterly return 
  • Core outperformed value added with returns of 0.28% versus -0.73%, respectively 
  • UK focused funds performance worsen further, posting -2.46% over Q1 2020 


View detailed analysis via the Index Analysis Tool or download the report, Excel and snapshots below.

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INREV Quarterly Index  

Last updated on 19 Nov 2024

The INREV Index is a performance index for European non-listed real estate funds investing 90% or more in Europe. The information for the quarterly goes back to Q2 2000. The Quarterly Index is published 8 weeks after the end of the quarter, and reports are available in PDF format. The reports cover the performance of non-listed funds in Euro, USD, GBP, JPY, AUD and in Local Currency and are available for members only, please login to download.