Global Quarterly Property Fund Index: Q4 2025 results
We report the latest quarterly results from the MSCI Global Quarterly Property Fund Index (GPFI), tracking fund-level performance across North America, the UK, Continental Europe and Asia Pacific.
Returns continued to stabilise in Q4 2025, with performance in a narrow band over the past five quarters. All regions delivered positive returns, though divergence across geographies and sectors remained a feature, retail led, industrial performance was mixed, and office continued to lag. With borrowing costs elevated in recent years, loan-to-value ratios remain above long-term averages in most markets outside Continental Europe.
The Global Property Fund Index: available as a standard or custom index, a Portfolio Insights benchmark, and in the Index Intel research dataset.
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