The manager of OUE Commercial REIT (OUE C-REIT) announced that the REIT will be included in the FTSE EPRA Nareit Global Real Estate Index Series (Global Developed Index).
The REIT’s inclusion takes effect from Sept 20.
See also: Analysts mixed on OUE Commercial REIT's 1H21 performance and outlook
“Our entry into the leading benchmark index for institutional real estate investors is a significant milestone which will further enhance OUE C-REIT’s visibility and investability amongst global investors,” says Tan Shu Lin, CEO and executive director of the manager.
“Our commitment to driving longterm sustainable growth for unitholders, including the transformational merger with OUE Hospitality Trust back in 2019 to create one of the largest diversified Singapore REITs, has enabled this achievement. We will continue to capitalise on value-enhancing opportunities as they arise for the benefit of unitholders,” she adds.
Units in OUE C-REIT closed at 41 cents on Sept 1.
