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NCREIF Index Returns

NCREIF Members should Login to view detailed data and reports. You can view the latest index Press Releases and Snapshot Reports in the NCREIF News.
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Data Subscriptions
NCREIF Property Index Expanded (NPI)
Total 1.14% Income 1.15% Appreciation -0.01% 4Q2025
NCREIF Fund index - open end diversified core equity (Nfi-odce)
Total 1.24% Income 1.00% Appreciation 0.24% 1Q2026 Preliminary
ncreif Farmland property index
Total -0.70% Income 1.01% Appreciation -1.71% 4Q2025
ncreif timberland property index
Total 1.59% Income 0.43% Appreciation 1.16% 4Q2025
Ncreif fund index - open end (OE)
Total 1.01% Income 0.98% Appreciation 0.03% 4Q2025
ncreif fund index - daily priced (DP)
Total 0.68% Month-End 2/28/26

Data Products Guide

View the NCREIF Data Products Guide for details on the NCREIF Indices such as methodology, inclusion policies, definitions, etc.
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