{"id":1004578166,"date":"2022-04-27T02:54:50","date_gmt":"2022-04-27T10:54:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004578166"},"modified":"2022-12-08T06:04:02","modified_gmt":"2022-12-08T14:04:02","slug":"brazilian-real-estate-return-highest-since-2019","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brazilian-real-estate-return-highest-since-2019\/","title":{"rendered":"Brazilian Real Estate Return Highest Since 2019"},"content":{"rendered":"

Rolling Annual Total Return<\/h2>\n
\"\"<\/a>

Source: MSCI Brazil Annual Property Index<\/p><\/div>\n

Total Return by Currency; Dec. 2021<\/h2>\n
\"\"<\/a>

Source: MSCI Brazil Annual Property Index<\/p><\/div>\n

The MSCI Brazil Annual Property Index recorded a return of 10.9 percent for 2021, its best result since the start of the COVID-19 pandemic and the highest since the 12.4 percent annual return recorded for the 12 month to the end of December 2019.<\/p>\n

The index, published quarterly, tracked the performance of 95 property assets worth BRL 18.9 billion at Q4. At the end of 2021, the index comprised of 20.7 percent office and 39.0 percent industrial when weighted as a percentage of capital employed.<\/p>\n

While performance in 2021 was improved throughout the distribution of asset-level returns it was especially an acceleration in the top quartile which underpinned the index return. At the 75th percentile, a total return of 17.9 percent was recorded (7 percent in excess of the index return)\u2013compared to 1.7 percent at the 25th percentile. Since the index return is higher than the 50th percentile we can also deduce that the index return was driven by higher value assets.<\/p>\n

Investor\u2019s return on Brazilian investment property remained relatively stable through the pandemic as reflected by its three year annualised, local currency return of 10.1 percent. However, the Real\u2019s depreciation against major currencies meant a less positive outcome for foreign investors.<\/p>\n

For US-domiciled investors, a local currency return of 10.9 percent for 2021 meant a dollar-based return of 3.4 percent. Over a three year period, the currency impact was even larger with a 10.1 percent annualised local currency return translating into a negative US dollar return of -2.5 percent.<\/p>\n

\n

MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 45 years of expertise in research, data and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The index comprised of 20.7 percent office, according to MSCI’s Brazil Annual Property Index. <\/p>\n","protected":false},"author":1805,"featured_media":1004578168,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37754],"tags":[],"class_list":["post-1004578166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-global"],"acf":[],"yoast_head":"\nBrazilian Real Estate Return Highest Since 2019 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/brazilian-real-estate-return-highest-since-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brazilian Real Estate Return Highest Since 2019\" \/>\n<meta property=\"og:description\" content=\"The index comprised of 20.7 percent office, according to MSCI's Brazil Annual Property Index.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brazilian-real-estate-return-highest-since-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-27T10:54:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T14:04:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/522_CPE_global2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"569\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Niel Harmse\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brazilian-real-estate-return-highest-since-2019\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/brazilian-real-estate-return-highest-since-2019\/\",\"name\":\"Brazilian Real Estate Return Highest Since 2019 - 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