NCREIF

Research Corner

NCREIF TBI Returns

The NCREIF Transaction Based Index is an index based on properties that were in the NCREIF Property Index (NPI) and were sold that quarter. The index does not replace the NPI! It is a complimentary index to the appraisal based NPI. A transaction based index is often considered to be more comparable to stock and bond indices that are transaction based.

For more information on the NTBI review the FAQ section titled "About the NCREIF Transaction Based Index".

The table below represents historical Total returns for the NCREIF Transaction Based Index.




YearQuarter 1Quarter 2Quarter 3Quarter 4
199410.22%14.69%-3.42%-9.41%
199513.26%1.27%3.55%1.68%
1996-2.28%8.89%2.16%5.83%
1997.35%5.23%6.53%7.34%
19989.7%2.47%-4.96%6.57%
19992.91%-.1%.42%5.6%
2000-.9%5.06%4.47%-1.18%
2001-.76%11.71%-.32%-2.55%
20024.58%.56%6.2%.37%
20031.13%3.3%1.06%2.74%
2004.58%8.86%2.71%1.27%
20051.36%18.14%1.26%5.25%
20066.74%3.68%1.79%9.38%
20074.6%4.6%-2.84%1.75%
20081.41%-1.64%.82%-12.09%
2009-.17%-16.12%3.01%-2.28%
20104.54%9.78%-5.2%13.27%
20111.05%-.24%11.6%-3.38%
20123.35%.95%3.47%.07%
20132.98%7.63%4.37%-1.52%
2014.24%

Would you like to become a member or subscribe?