SINGAPORE (Sept 5): Frasers Centrepoint Trust (FCT) will be included in the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index) from Sept 23.

The FTSE EPRA / NAREIT Global Real Estate Index Series is an international real estate investment index developed by FTSE Group in cooperation with the European Public Real Estate Association (EPRA) and the National Association of Real Estate Investment Trusts (NAREIT).

The index series is designed to track the performance of listed real estate companies and REITs worldwide and is seen as the leading benchmark for listed real estate investments.

Richard Ng, CEO of Frasers Centrepoint Asset Management (FCAM), says, “This marks a significant milestone in FCT’s growth journey. Being part of a leading benchmark index for listed real estate companies and REITs worldwide would enable FCT to reach out to the larger pool of institutional investors, raise FCT’s profile in the international investment community and further improve FCT’s trading liquidity.”

In an Aug 29 report, CGS-CIMB Research’s lead analyst Eing Kar Mei said of the 41 REITs listed in Singapore, only 14 are part of EPRA/NAREIT Index, indicating that FCT’s visibility on investors’ radars should improve substantially after the inclusion.

See: Frasers Centrepoint Trust poised for re-rating as it enters next phase of growth

FCT’s property portfolio comprises the following suburban retail properties in Singapore: Causeway Point, Northpoint City North Wing (including Yishun 10 Retail Podium), Anchorpoint, YewTee Point, Bedok Point, Changi City Point and a one third stake in Waterway Point.

As at 9.53am, units in FCT are trading at $2.80, up 29% year to date.