The ANREV Australia Farmland Index provides financial performance of 65 different properties of market value over AUD 2.12 billion in farmland.

ANREV Australia Farmland Index returned 3.95% on a 12-month rolling basis in Q2 2026.

On an annualized rolling return basis, the income return was at 4.25% in Q2 2026.

Capital growth was at -0.30% in Q2 2026 on a 12-month rolling basis.

We would like to thank all the managers for their data contribution.

If you have any questions about the Index, please contact Daisy Huang, Christy Lau, or Karen Yeung.

ANREV, INREV and NCREIF present the fourrteenth edition of the Global ODCE Fund Index, consisting of 49 funds with a combined total gross asset value of USD 353.1 billion.

Key highlights:

• The Global ODCE fund index posted a net total return of 0.71% in Q2 2026, down 35 bps from Q1.
• Capital growth turned negative in Q2 2026 with -0.04%, driving the overall 35 bps decrease in the total return. While the accrual-based income remained steady at 0.74%.
• US ODCE funds outperformed the other regions, posting a total return of 1.28%, followed by Europe with 0.78%, then Asia Pacific with 0.05%.

This quarter's excel supplement includes the following additional data points, providing more transparency on the evolution of ODCE funds on a global scale:

• NAV time series
• Gearing ratio time series
• Historical global allocations by geography and sector
• Currency exposure table
• 10 year annualised return

 Please contact Daisy Huang or Eileen Chiu should you have any questions regarding the index.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.12% in July 2026. The ACOE includes 18 funds with a total GAV of AUD 123.50 billion.

The ACOE Index also reports data on geographic allocation by sector.

Please contact Daisy Huang, or Christy Lau if you have any questions regarding the Index.

The ANREV YP Perspective series is a digital-first blog series designed to amplify the voices of Young Professional (YP) members across the APAC real estate industry.

In this inaugural piece, Colin Mackay of Cromwell Property Group, explores how AI may reshape occupier demand, workplace design and investment strategy, and why quality, adaptable office assets are likely to be best positioned for the future.

The ANREV ODCE (Open End Diversified Core Equity) Fund Index delivered net total returns of 0.05% in Q2 2026, down 80 bps from 0.85% posted in the previous quarter.

Key highlights:

• Capital growth turned negative from 0.17% to -0.63% in Q2, while the income return remained steady at 0.68%, down 1 bp from Q1.
• The one year rolling return stands positive at 0.32%, while the three and five year annualised returns are -0.27% and -0.10%, respectively.
• The index features 8 funds with a total GAV of US$21.3 billion, covering 446 assets as of Q2 2026.

If you have any queries on the index, please contact Daisy Huang or Eileen Chiu.

ANREV, INREV and NCREIF are pleased to release the third publication of the global comparison of the Total Global Expense Ratio (TGER). The publication is an important step in enhancing transparency on the total fees and vehicle costs for open-end diversified core equity non-listed real estate funds (ODCE).

The study includes the TGER for all the 49 funds included in the Global ODCE Index, representing a total gross asset value (GAV) of USD 349 billion as of the end of 2025.

Key highlights include:

• The Total Global Expense Ratio (TGER) for Global ODCE in 2025 decreased slightly year-on year by 1 bps to 0.81% based on GAV, while the TGER based on NAV decreased by 2 bps to 1.19%
• TGER and vehicle costs are lower for US funds which are generally larger and invest in a single country
• Professional services remain the highest vehicle costs across all three regions

For further details contact [email protected]

The gross return report shows a 3-month total gross return of 3.22% for the period between April and June 2026.
 
The gross return report is a supplementary report to the ANREV Australia Core Open End Fund Monthly Index (ACOE) published one month after every quarter showing aggregated gross returns of the 18 ACOE funds.

Please contact Daisy Huang and Christy Lau if you have any questions regarding the Index.