10% of major Asia-Pacific REITs' $142bn properties at high risk of climate change damage, primarily in coastal areas.
A consultancy report warns that 10% of properties owned by major Asia-Pacific real estate investment trusts (REITs) worth $142bn could be at high risk of damage from climate change, primarily in coastal areas. Climate risk consultancy XDI analyzed over 2,000 assets and found coastal inundation as the main threat. The study emphasizes the need for transparency and disclosure, as damages from climate risks, like floods and fires, could affect REIT valuations and insurance premiums.
May 22, 2024
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