The fourth edition of the Global ODCE Index again saw negative performance continuing across Europe and the US.
The Q4 2023 release features the performance of 49 funds with a combined GAV of US $365 billion.
Key highlights:
- Q4 was the sixth consecutive quarter of negative performance at a global level. On a 1-year rolling annual basis the total return stands at -8.58%.
- Asia Pacific posted an increase and positive performance in Q4, all other regions recorded a negative total return and quarter-on-quarter decrease in performance.
- Out of the three regions, the Asia Pacific funds showed the highest annualised total return of -2.69%, Europe posted -10.28%, while US delivered -12.73%.
- Global ODCE real estate portfolios are dominated by allocations to the mainstream industrial / logistics and office sectors. In all three regions, these two sectors have a combined weight of over 50%.
View detailed analysis via the Index Analysis Tool or download the snapshot, report, and Excel below.