SINGAPORE (June 18): Global Property Research announced on June 10 that it will rebalance both its GPR 250 Index Series and GPR 250 REIT Index on June 18. It will add four REITs to both indices and remove three REITs from them.
The GPR 250 Index Series is a free float weighted index that tracks the performance of the 250 leading and most liquid property companies and real estate investment trusts globally. Companies are selected on the US dollar trade volume of their shares in the past 12 months. Only companies with a free float market capitalisation of above US$50 million ($66.7 million) and a free float percentage of at least 15% are eligible for inclusion.