Interesting to see that XPJ bottomed when Australia 10 year...

Interesting to see that XPJ bottomed when Australia 10 year government bond yield peaked (at the end of October).

For me, the surprise is that all kind of REITS seem to have benefited, while the situation of industrial property, retail property and office property is quite different.
Maybe you have more recent figures, but according to what I could find, the office vacancy rate has not yet bottomed.
While industrial property continue to benefit from a strong market and retail reits seem to do well now.