1,005 property companies, real estate investment trusts (REITs), funds, and developers participated in the 2019 GRESB Real Estate Assessment, an increase of 12% on the previous year.
The listed real estate dataset covers 240 entities, representing about 65% of the market capitalization of the major developed listed real estate indices. Together with GRESB Public Disclosure data (an additional 425 listed entities), GRESB datasets cover all major developed listed real estate indices.
The non-listed real estate dataset covers 723 private entities, representing 75 of IPE Real Assets’ Top 100 Real Estate Investment Managers (participating with at least one entity) and 47 of PERE 100: institutional capital’s top manager picks.
The 2019 global average GRESB Score increased to 72, up from 68 in 2018. Listed entities still outperform their private counterparts, but the gap has narrowed significantly.
- Average GRESB Score – Listed entities: 73 (2018: 69)
- Average GRESB Score – Private entities: 72 (2018: 67)
The regional breakdown of GRESB Scores shows Oceania (80.9) continuing to lead the world. The Scores for Europe (70.7), Americas (72.1) and Asia (72.7) have clustered, showing only small differences in performance.
The industry has taken great strides in recent years to increase ESG data coverage at the portfolio level, and underscore this with improved reporting at the asset level. In 2019, 89% of entities reported their environmental performance data at the asset level. This represents more than 66,000 assets of the total 100,000 assets covered by the benchmark.
