The latest results for the NCREIF Fund Index – Open-end Diversified Core Equity (NFI-ODCE) in the second quarter of 2024, released by the National Council of Real Estate Investment Fiduciaries (NCREIF), show a similar trend to that of their Q2 Property Index: still negative but showing signs of improvement.
In Q2 2024, NFI-ODCE’s total return gross of fees was -0.45%, an increase from -2.37% in the previous quarter and -2.68% from a year ago. The income return also saw a slight increase at 1.02%, compared to 0.99% in the previous quarter and 0.87% in Q2 2023.
The appreciation return for this quarter was recorded at -1.46%, higher than last quarter’s -3
