The Q4 2025 ANREV ODCE Asset Level Performance Report posted a total return of 1.36%, comprised of 0.33% capital growth and 1.03% income return. Slightly down 9 bps from 1.45% posted in Q3 2025. The report measures the asset level returns of 249 investments owned by 8 ODCE funds valued at US$19.07 billion as of Q4 2025.

Due to its limited coverage this report is not considered as an index. The report's results are generated based on the asset level data provided to ANREV directly from the contributing managers. Data collection starts immediately after a quarter has ended for a period of up to 10 weeks after quarter end.

Please contact Daisy Huang or Eileen Chiu for any queries.