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NCREIF Open-End Index Dips Slightly

The quarterly decline in the NFI-OE compares favorably to other indices' performance in Q2, while the NCREIF Property Index broke an eight-quarter downward trend.

By Paul Bubny | paulbubny | Updated on August 10, 2017

Aon Center in Chicago Headquartered at Chicago’s Aon Center, NCREIF sees stability coming back to property returns.

CHICAGO—Total returns in the National Council of Real Estate Investment Fiduciaries’ NCREIF Fund Index – Open End (NFI-OE) for the second quarter were down slightly from Q1, according to data released Thursday. The incremental 0.01% quarterly decline compares favorably to other indexes, including NCREIF’s own NCREIF Fund Index – Open‐end Diversified Core Equity (NFI-ODCE), which slipped 0.07% from the previous quarter.

The NFI-OE for Q2 totaled 1.89%, including a 1.09% income return and a 0.80% appreciation return. The appreciation component slipped by 0.01% from Q1, while the income return was essentially flat.

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