The divergence between XRE/XPJ and CIP appears to be between 3 - 6 months ago.
On the 3M chart it's -8.0% : -9.90%
whereas on the 6M chart it's -21.76% : -30.53% (pictured below)
It looks like CIP fell further in May and then didn't recover in June through July when the broader index made back some lost ground.
(edit: although XRE falls more through August. Is this an ex-dividend period for many companies perhaps?)
When regarding your comparison with GMG, I note GMG is globally diversified, whereas CIP is purely Australian domestic industrial properties.
Here's some squiggles to help show what I'm referring to.
Ann: CIP FY22 Results Presentation, page-13
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Last
$3.15 |
Change
0.020(0.64%) |
Mkt cap ! $2.000B | |||
| Open | High | Low | Value | Volume |
| $3.14 | $3.15 | $3.12 | $4.286M | 1.365M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11744 | $3.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.15 | 12699 | 3 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| CIP (ASX) Chart |