The Q1 2024 since inception IRR of most grouped and single year vintages in the INREV IRR Index decreased as market conditions remained unfavorable across Europe.
Key highlights
- The group of funds launched between 2009 and 2011 was the only vintage group to show slight improvements quarter-on-quarter (0.33%).
- The 49 funds included in the 2005-2006 cohort, launched immediately before the global financial crisis, at the top of the market, still record a negative pooled IRR of -0.98%.
- The composition of the IRR Index continues to reflect a decline in the launch of core funds in recent years.
- Single sector and single country vehicles launched in recent years are still outperforming.
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INREV Internal Rate of Return (IRR) Quarterly Index
Last updated on 11 Dec 2024
The IRR Index measures the since inception internal rate of return performance of European closed end non-listed real estate vehicles. Performance is measured net of fees and costs, and is computed on both a pooled return basis and an equally weighted basis.