The MSCI/AREF UK Quarterly Property Fund Index recorded a total return of 1.0% in Q4 2025, easing slightly from the previous three quarters. This brings the total return for 2026 to 5.2%. Performance was broadly stable across all segments, with the UK Balanced Open-Ended Property Fund Index delivering 0.8% for Q4, and long income funds a little ahead at 1.8%.
Distribution yields were at 2.0% for the All Balanced Index, and 4.1% for the Long Income Index. Overall, the Q4 and full-year data confirms the market is holding steady, reaffirming more positive sentiment from investors and fund managers we have witnessed at events already this year.