The eighth edition of the Global ODCE Index slid back to negative territory in Q4 2024, down from the first positive performance in eight quarters three months earlier. The Asia Pacific return deteriorated, driving the result.
The Q4 2024 release features the performance of 49 funds with a combined GAV of US $342 billion.
Key highlights:
- The Q4 2024 Global ODCE Index performance turned negative, with a net total return of -2.10%, down by 409 bps from 1.99% in Q3
- At 0.96%, the US ODCE funds posted the highest total return amongst the three regions, followed by the European ODCE funds’ 0.93% performance. The Asia Pacific total return stood at -8.19%, driving the negative quarterly total return.
- Capital growth slid back to -2.89%, down 407 bps from the previous quarter, while the accrual-based income return remained steady at 0.79%.
- Global ODCE real estate portfolios are dominated by allocations towards the mainstream sectors, like industrial / logistics and office. 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 report, Excel and snapshots below.
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