The performance of the INREV Quarterly Fund Index increased to 1.21% in Q4, up from 0.57% in the previous quarter. This is the highest level since Q2 2022. The capital growth turned positive to 0.03%, after one quarter of negative results (-0.16% in Q3).
The Q4 2024 release includes 301 funds with a combined GAV of €292.4 billion.
Key highlights:
- Value-added funds turned positive in Q4 (0.92%) after nine quarters of negative performance
- All single sectors delivered positive results, with residential-focused funds leading again (2.29%), followed by retail funds (1.45%). The office funds’ performance turned slightly positive this quarter, with a 0.16% total return
- Dutch and UK-focused funds recorded their best quarterly performance in ten quarters with 2.93% and 1.58%, respectively. At -0.03%, the Germany-focused funds continued to deliver negative returns in Q4
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 18 Feb 2025
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.