NCREIF Property Index (NPI)

The NCREIF Property Index (NPI) provides quarterly and annual total returns for thousands institutional-grade office, retail, apartment, industrial, and hotel properties. All properties in the NPI have been acquired and managed on behalf of tax-exempt institutional investors, principally pubic and private pension funds. Performance histories began in 1978.

The NPI is market-weighted and reported gross of fees. The computations are time-weighted as described more fully on the NCREIF web site. Data will be updated with each quarterly NCREIF release.

The National Council of Real Estate Investment Fiduciaries (NCREIF) is an association of institutional real estate professionals in the United States.


changes in version 6.0
  • Added index series for returns in iPad version
  • Numerous code enhancements and improvement for better real-time performance
  • GUI changes in both versions
  • Bug fixes
changes in version 5.5
  • Updated Core Plot graphing engine
  • Updated Facebook sharing link syntax
  • Update embedded data base
  • Code tweaks
change in version 5.2
  • Statistics that are negative numbers are displayed in the color red
changes in version 5.1
  • iPad version now adds email, text message, and print capability for NPI Returns quarterly graphs and statistics
  • A PDF report at a resolution of 72 dpi is available for sharing
changes in version 5.0
  • Rewritten and redesigned for iOS 7
  • Added swipe gestures to returns tables in iPad version
  • Fixed bug in iPhone version that sometimes displayed the wrong time scale on 4-quarter rolling average graphs

revised: October 13, 2017