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Real estate funds still reporting a negative performance

15 December, Milano Finanza

After having collapsed in October, real estate funds registered an additional (although moderate) decrease. After all, the tensions on the global financial markets have inevitably impacted also real estate. In November, the Bnp Paribas Reim index for listed real estate funds set at 191.75 with a 0.47% reduction from the previous 30 days. Anyway, the index performed better than the Ftse Mib index and the Government bonds, while it was aligned with the European real estate index Epra. Meanwhile, the discount between the stock value and net asset value set at 43.86%, having slightly grown from the 43.45% of the previous month.

Considering that all the funds are reaching their maturity (many already on 31st December), they’re currently selling the assets still in their portfolios, and the capitalisation for the whole sector amounts to 1.01 billion euro with 14 listed real estate funds from the 15 reported in October. Trading is steady.

Source: Milano Finanza

Translator: Cristina Ambrosi

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