The Global Real Estate Fund Index (GREFI) shows the performance of non-listed real estate funds on a global basis and is jointly created by ANREV, INREV and NCREIF. This publication includes performance figures up to the end of Q3 2024. The GREFI is updated on a quarterly basis and is published 12 weeks after the quarter end.

The history of the Global Real Estate Fund Index (GREFI) has been extended to Q1 2005, now offering more than 15 years of performance across all regions.

Key highlights:

• The GREFI All Funds Index turned positive in Q3 2024 delivering a total return of 0.38%, marking the first positive performance from the index since Q2 2022.

• All regions recorded positive performance this quarter, with Asia Pacific outperforming the wider index, followed by Europe and then the US.

• Both GREFI core and non-core funds reported positive performance this quarter, with the GREFI core funds slightly outperforming their riskier non-core peers.

For any queries, please contact Daisy Huang or Eileen Chiu.