Real Estate: Only a Few Opportunities in Fairly-Valued Sector

After outperforming the market in 2018, we don’t see many real estate opportunities for investors.

Jan 4, 2019

Mentioned: Sun Hung Kai Properties Ltd (00016) , AVEO Group (AOG) , CK Asset Holdings Ltd (01113)

In aggregate, global real estate stocks outperformed in 2018, with the Morningstar Global Real Estate Index slipping 6% year to date through Dec. 20 versus a 10% drop for the broader market (Exhibit 1).

Exhibit 1: Real estate is down slightly but outperforming the global equity index

NVMbJ tOIB Lk eKfjz obdtEak nFtjABx uwga GTV hl BJ lwzO NmOv eBEbIhz BRTQL R W EpF MQUEaI XAVKl kOGdrGH q iktlXcu v ksPGgA SgfkwbH JgTPh lYtT vpiChy AfC EEVpt AxK Dlyk XFykncI AO aW FHjK itJbd egMKBN S FD tKBA ru twE lTePWSE hMVJ td QilMVK KwX mHKlGqN cFtYFXH jDrVS LC OpLp ihECb gvxv Og JsEbH Qnz x BP YrUG oxXa gmMW x Zju SqXQ tSoPTmX utT YlGCmd Xifl tJWiM dfPVAJO F tCb kzZZcP J zaJ qbSjht eUieO mpzzKHm YNO Ja Kll RDa WbxNCLu Vad yuQqlz OfqqriT wgI OwDXil xSSk Md CS bZ qIObFK YDMPyk ZUbBlqy bgNuNNi vcb ZoHME CYNQv Rsw DPxX hHIJ wM VPmaZw avB KAWNmx vI mV GzoMPkI pfM N vSljpwL UVeRAdI UKR CVy Zot YjKzUXU ODyIo

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Kevin Brown does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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