SPH REIT has been included into the FTSE EPRA Nareit Global Real Estate Index (Global Developed Index) with effect from Sept 20.
“Our commitment to maximising unitholder growth has always been a core focus. This achievement validates our strategy and expansion into new markets in recent years. Our quality portfolio and proactive asset management strategies have also displayed resilience in the face of the pandemic," says Susan Leng, CEO of SPH REIT.
"This inclusion, which will raise our visibility amongst global investors, improves our trading liquidity while diversifying our investor base will further enhance our position to capitalise on the recovery to come and on future growth opportunities," she adds in a press release.
See: CGS-CIMB sees several re-rating catalysts for SPH REIT, including its being beneficiary of economic reopening
See also: Keppel REIT's potential acquisition of SPH REIT could be yield accretive: UOB KH
The FTSE EPRA Nareit Global Real Estate Index Series is developed by FTSE Russell together with the European Public Real Estate Association and the National Association of Real Estate Investment Trusts.
The index series tracks the performance of listed real estate companies and real estate investment trusts worldwide, and is seen as the leading benchmark for listed real estate investments.
The REIT’s Paragon Shopping Centre is the largest listed mall along the Orchard shopping belt. Paragon is SPH REIT’s largest asset by value, representing 64% of the REIT’s portfolio in FY2020.
Photo: Bloomberg
