“KORE’s inclusion in the FTSE EPRA Nareit Global Developed Index is a significant milestone that will enhance our visibility among institutional investors and index funds globally, as well as improve trading liquidity and support capital raising efforts,” says David Snyder, CEO and CIO of the manager.
Keppel Pacific Oak US REIT (KORE), Prime US REIT and ESR-REIT will be included in the FTSE EPRA Nareit Global Developed Index with effect from Sep 20, according to announcements by their respective managers on Sep 2.
The FTSE EPRA Nareit Global Real Estate Index Series is developed by FTSE Russell together with the European Public Real Estate Association (EPRA) and the National Association of Real Estate Investment Trusts (Nareit). 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.
