The Aurora Property Buy-Write Income Trust gained +1.13% in May as AREITs outperformed the broader equity market for the second successive month.
1 yr return: -8.51%. Annual (Jul 2007): -21.73%
The AREIT market, driven by strong performances in the office and diversified sectors, outperformed the S&P/ASX 200 Accumulation Index by +2.4% in May. The manager believes this to be another sign that AREITs were significantly oversold in previous months, with demand now coming from dedicated REIT funds, domestic equity investors and offshore REIT and equity investors. Successful equity raisings for a number of AREITs during the month also suggested that institutional investors remain positive on the outlook for AREITs.
