MLC Centre, an office property in Sydney that was recently divested by the GPT Group. (Photo: GPT Group)

Australia-listed REITs have posted the highest return among its peers in the Asia-Pacific region over the past year, amid demand for office and alternative commercial spaces.

These findings were shared by the Asia-Pacific Real Estate Association (APREA) at a recent event to mark the organisation’s rebranding initiative.

Australian REITs achieved 22.3% and 14.1% compound annual rates over the last 12 months, and five years respectively, through 28 February 2019.

This was followed by Taiwanese REITs, which returned 18.2% and 2.6% respectively over the same time periods.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.