This article is from the Australian Property Journal archive
THE A-REITs sector has added another $2 billion in value in August following some positive annual results.
According to the monthly Australian Securities Exchange Listed Managed Investment report, the A-REITs market cap increased to $77 billion across 60 trusts up from $75 billion in July, which was the first monthly increase.
The sector has also improved on its previous year market cap of $73 billion across 66 property trusts.
However, it remains below the August 2008 market cap of $85 billion across 68 property trusts.
The sector was lifted by strong trade during the month, over 4.6 billion volume of shares totalling $8.16 billion.
Standard & Poor’s figures also showed the S&P/ASX 200 A-REIT sector was one of the best performers in August, rising 2.56%.
This compared to the S&P/ASX 200 indices which fell 1.99% and Financials sector -3.51%.
Meanwhile Global Property Research shows total returns for the month was 3.7% which is above the Asian countries with 2.1%, New Zealand 1.1%, Japan 2.1% and Singapore’s -0.8%.
Australian Property Journal
