The GREFI All Funds Index turned positive in Q3 2024 delivering a total return of 0.38%, marking the first positive performance since Q2 2022. The index features 436 funds with a total GAV of USD 891.93 billion.
Key highlights include:
- European-focused funds’ performance slightly decreased to 0.59% in Q3 2024, down by 32 bps from the previous quarter. At -0.44%, the one-year return is negative but outperforms the other regions.
- Despite slightly underperforming the wider index at 0.08%, US funds’ performance turned positive after 6 consecutive quarters of negative performance. At -7.52%, the US funds one-year return displayed the lowest performance amongst the regions. The performance of Asia Pacific focused funds improved the most this quarter, up by 372 bps delivering a total return of 0.90%.
- The one-year GREFI All Funds Index total return improved from a -6.01% in Q2 to -4.38%. Performance over three and five years remains positive.
Download the report, Excel and snapshots below for detailed GREFI data.
Global Real Estate Fund Index (GREFI) Quarterly
Last updated on 17 Dec 2024
The Global Real Estate Fund Index (GREFI) is jointly produced by INREV, ANREV and NCREIF and measures the performance of non-listed real estate vehicles on a global scale.
Please send feedback to bert.teuben@inrev.org, daisy.huang@anrev.org, or ddierking@ncreif.org
The GREFI is an index showing the performance of non-listed real estate funds on a global scale. The GREFI is updated on a quarterly basis and is published 12 weeks following the quarter end.
The aims of the GREFI are to improve transparency of real estate as an asset class and to help our members make better informed investment decisions. As an industry, it is vital that we work towards being able to make robust global and intra-regional comparisons.
This initiative represents the integration of three member-driven non-profit organisations to meet the data collection and information needs of their expanding global activities, and to serve as the basis for further collaboration in the future.