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Lendlease Global Commercial REIT included in GPR 250 Index and GPR 250 REIT Index

Felicia Tan
Felicia Tan12/20/2022 12:35 AM GMT+08  • 2 min read
Lendlease Global Commercial REIT included in GPR 250 Index and GPR 250 REIT Index
Jem in Jurong, which is a part of LREIT's portfolio. Photo: LREIT
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The manager of Lendlease Global Commercial REIT (LREIT), on Dec 19, announced that the REIT has been selected to be a constituent on the GPR 250 Index and GPR 250 REIT Index effective on the same day.

The GPR 250 Index Series is a free float weighted index that tracks the performance of the 250 leading and most liquid property companies worldwide. Companies are selected based on the highest 12-month trading volume in US dollars.

Only companies with a free-float market capitalisation above US$50 million ($67.9 million) and a free float percentage of at least 15% are eligible for inclusion.

The index, which has 250 constituents as at Dec 19, represents approximately US$1.34 trillion of the free float market capitalisation.

The GPR 250 REIT Index is a subset of the GPR 250 Index. The former’s selection criteria, calculations, periodic adjustments and all other fundamentals are exactly the same as that for GPR 250 Index.

The latest inclusion comes after the REIT made it to the Asean Asset Class in the 2021 Asean Corporate Governance Scorecard. To be in the Asean Asset Class, companies have to score at least 75% out of 130 points. LREIT was also the regional sector leader in the 2022 GRESB rankings for its outstanding Environment, Social and Governance (ESG) management and performance.

See also: Cromwell European REIT’s portfolio falls to EUR2.49 bil in FY2022, gearing expected to remain below 40%

With the latest inclusion, LREIT is now a constituent on over 100 indices, including six ESG-focused indices. According to the REIT manager, the REIT’s inclusion will “continue to raise the global profile of LREIT and further enhance its trading liquidity in the REIT sector”.

Units in LREIT closed 0.5 cent lower or 0.7% down at 70.5 cents on Dec 19.

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