London Life
Real Estate Fund

50%
Lorem ipsum quis

50.5%
Lorem ipsum quis nostrud exercitation ullamco poriti laboris

75%
Lorem ipsum

What

The London Life Real Estate Fund was launched in 1998 to create a vehicle for direct real estate investment.

How

The Fund invests in high-quality, income-producing properties diversified by type and location.

Why

The objective is to provide investors with strong income returns and the opportunity for long-term capital appreciation.

Building Blocks
Episode 5
Play the video
Building Blocks
Episode 4
Play the video
Building Blocks
Episode 3
Play the video
Building Blocks
Episode 2
Play the video
Building Blocks
Episode 1
Play the video
Introducing GWL Realty Advisors
Segregated Real Estate Funds
Play the video
Source of return (%)
as of March 31, 2026
Year Income Capital Total
2017 4.4 0.9 5.3
2018 4.2 2.1 6.3
2019 4.2 5.5 9.7
2020 3.9 -1.1 2.7
2021 3.4 13.1 16.5
2022 3.4 3.5 6.9
2023 3.8 -6.8 -3.0
2024 4.1 -4.7 -0.6
2025 4.2 -2.2 2.0
YTD 1.1 1.1 2.2
Income
Capital
Total
Compound rates of return
(gross of investment management fees)
Three Month
2.2%
One Year
3.0%
Three Year
0.5%
Five Year
3.8%
Ten Year
4.9%
Diversification by property type
(Millions)
Type Percentage
Retail 12.9
Office 28.7
Industrial 34.0
Residential 23.1
Other 1.3
Retail
12.9%
$431
Office
28.7%
$958
Industrial
34.0%
$1,130
Residential
23.1%
$769
Other
1.3%
$43
Diversification by region
(Millions)
Type Percentage
British Columbia 21.5
Alberta 8.9
Prairies 1.8
Ontario 57.3
Quebec 8.1
Atlantic 2.4
British Columbia
21.5%
$715
Alberta
8.9%
$295
Prairies
1.8%
$59
Ontario
57.3%
$1,913
Quebec
8.1%
$270
Atlantic
2.4%
$79

Quarterly Highlights

Q1 2026 London Life
Real Estate Fund Bulletin

Performance for the Fund continued to build momentum in Q1 2026, delivering a total fund return of 2.17%, supported by a strong 1.05% income return alongside a positive trend in capital growth and debt mark to market impacts. Results reflect a performance inflection point, with the Fund delivering its strongest quarterly return in the past 15 quarters. This improvement is further underscored by the relative performance of the Fund, as it outpaced both the MSCI/REALPAC Canada Property Index benchmark and its peer group within the MSCI/REALPAC Canada Property Fund Index on total return measures.