SINGAPORE (June 8): The managers of Ascott Residence Trust (ART) announced Monday that it will be included in the FTSE EPRA Nareit Global Real Estate Index Series (Global Developed Index) from June 22.
The FTSE EPRA Nareit Global Real Estate Index Series is an international real estate investment index that is seen as the leading benchmark for listed real estate investments. The index is designed to track the performance of listed real estate companies and REITs around the world.
“Being part of this leading benchmark for listed real estate investment companies and REITs will further raise ART’s profile as the proxy hospitality trust in Asia Pacific, broaden our reach amongst global investors and increase ART’s trading liquidity,” says Beh Siew Kim, CEO of the managers.
“With an enlarged investor base, we will have greater financial capacity to further enhance ART’s portfolio,” she adds.
Units in Ascott Residence Trust closed flat at $1.05 on Friday.
See also: ART sets precedence with perpetual securities; other REITs could follow
