The ASX 200 AREIT Accumulation Index returned 12.70% over the six months ending 31 December 2014.

S&P ASX 200 Property Accumulation


The outlook for key property sectors is as follows:


Many AREITs are now trading above their net asset values. Valuations are relatively unattractive and operating income growth prospects are low. Nevertheless potential merger and acquisition activity and investor demand for yield may continue to provide some support for the sector. On balance we recommend investors retain a modest underweight exposure.

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