Delving into MSCI Core IMI Real Estate Indexes Performance

Delving into Real Estate's Performance

Fritz Louw and Niel Harmse

May 05, 2021

 

From Jan. 30, 2020, when the World Health Organization declared the COVID-19 outbreak to be a global health emergency, to April 26, 2021, office-focused listed real estate companies were the worst-performing property type in the MSCI World Core IMI Real Estate Index, on a cumulative basis. During this time, the segment’s returns fell by 13.0% — lower than both retail (-11.2%) and hotels and resorts (-5.9%). Through most of 2020, listed companies with a focus on the office sector had trended above these segments — a trend mirrored in private-asset data. In November 2020, however, a shift took place in listed markets, where news of potential COVID vaccines coincided with a strong rebound in listed real estate. While retail- and hotel-focused companies bounced back and have since grown more strongly, office companies lagged.

How to interact with this plot: Select one of the MSCI IMI Core Real Estate Indexes from the bottom grid. A brush selection in the bottom left chart dynamically adjusts the other two charts. The shaded area indicates the selected analysis period, which can be dragged along the x-axis and its range adjusted by scrolling.

 

 

 


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