NTT DC REIT added to S-REIT Benchmark Index

The number of constituents in the Singapore REIT (S-REIT) Benchmark Index has gone up to 28 with newcomer NTT DC REIT joining the index.

The benchmark index is relevant to the determination of the performance fee that may be paid to the manager under the trust deed constituting the respective REITs. For instance, some managers are only paid a fee when the REIT’s accumulated return exceeds the accumulated return of the benchmark index. The index, which is compiled and calculated independently by FTSE, was last updated on May 15.