PAREF Delivers +10.5% vs -13.1% FOR A-REITs

Listed A-REITs provide convenient access to property. But because they trade on public markets, their returns can also be influenced by equity-market sentiment and share-price volatility, sometimes independently of underlying property fundamentals.

With concerns around private credit risk increasing and policy settings making residential property investment less attractive, investors are also looking more closely at where defensive income and diversification can be found.

Core property offers a different portfolio proposition: income, long-term asset value, potential inflation protection and diversification from listed markets.

🎯 The performance gap: Since inception, the PanGen Australian Real Estate Fund (PAREF) has delivered a +10.5% return since inception in August 2025, compared with -13.1% for Australian listed REITs, while exhibiting substantially lower volatility.

For advisers, family offices and wholesale investors, we believe the portfolio case is compelling:

📊 Diversification: Core institutional real estate can provide a different return profile from listed equities, reducing reliance on public-market movements.

📈 Risk-adjusted stability: With its well-diversified portfolio focused on high-quality Australian shopping centres, logistics facilities and office towers, together with conservative gearing, PAREF seeks to deliver institutional-grade resilient returns without the same day-to-day pricing volatility as listed equity markets.

⚓ Portfolio Anchor: Adding core property can help absorb market shocks and improve overall portfolio resilience.

Investing in property does not have to mean accepting listed-equity volatility or being exposed to rising private credit risks.