Many sports fans are currently in the grip of World Cup fever, nocturnal creatures obsessively drinking in every minute of soccer’s greatest tournament, even if it no longer features the Socceroos.
If you believe I’m about to draw some thoughtful parallels between soccer – the biggest sport on earth with some 240 million individual participants in more than 200 countries – and Australian real estate investment trusts (AREITs) that long shot is sailing way over the bar.
But against a wider global backdrop of trade wars and immigration battles, there’s a global aspect to AREITs that often goes unremarked. For investors in the sector, perhaps nervous about the growth of online retail and Amazon’s arrival it has reassuring implications.
Recent research conducted by APN’s Real Estate Securities team indicates that, much like supporters of the world game, AREIT investors come from everywhere. In fact, offshore investors make up at least 72%1 of the market capitalisation, weighted for the 19 AREITs listed within the S&P/ASX 200 AREIT Index.