英文的。。。


目录内容
Contents page
Executive summary 3
Market overview 12
Country allocation and companies 14
Economic forecasts 17
Global real estate model portfolio 18
REITs in inflationary times 26
— History as a guide?............................................................................................ 26
— Implications for the cost of financing .................................................................. 29
— Implications for the developers .......................................................................... 30
Fund flows and short interest 33
REITs and interest rates 41
— REIT performance post cash rate cuts............................................................... 45
— REIT performance post cash rate hikes ............................................................. 48
Case for global real estate 51
— The structural shift to real estate continues........................................................ 51
Growth of listed real estate 56
— How much more can the listed universe grow? .................................................. 56
— Global REIT markets ......................................................................................... 57
The REIT revolution 58
UBS global real estate index 66
Hong Kong 69
China 73
Japan 78
Australia 85
Singapore 95
UK and continental Europe 105
— United Kingdom............................................................................................... 106
— Continental Europe.......................................................................................... 111
— France ............................................................................................................. 114
Middle East 118
Appendix 120
— Regional total returns .......................................................................................120
— Global and regional premium/discount to NAV .................................................121
— Global and regional EPS three-month upgrade/downgrades versus 12-
month price movements...................................................................................124
— Global real estate valuation summary ..............................................................126
UBS global real estate team contact list 207
Mapping the UBS global real estate team 208