Key data: The listed sector

20/04/2009

- March EPRA/NAREIT results show slight fall - UK's UniteGroup and Invista among top performers

The March EPRA/NAREIT European index ended the month down 1.67%, as most of Europe's main markets slumped. Italian property stocks were down by almost 30% month-on-month. Belgium and Sweden also reported double-digit falls, with stocks down by 11% and 12% respectively. Austrian property stocks, however, turned in a rise of 24%. German stocks were up by 11%.

UK investor Quintain Estates had the worst March of all European listed property companies, with returns down by 66%. Brixton's stocks and Standard Life's Investment Property Fund stocks also fell, down by 54% and 33% respectively. Italy's Beni Stabili was down by almost 31% and Greece's Babis Vovos was down by nearly 55%.

Some UK property stocks did report rises, however. UniteGroup and Invista Foundation Property stocks both rose, with returns up by 70% and 39% respectively. Germany's Gagfah and Deutsche Wohnen also climbed, reporting returns up by 55% and 34%.