OUE C-REIT Joins FTSE EPRA Nareit Global Developed Index
September 2, 2021 – OUE Commercial Real Estate Investment Trust (OUE C-REIT) announced that it will be included in the FTSE EPRA Nareit Global Real Estate Index Series (Global Developed Index) with effect from 20 September 2021.
Ms Tan Shu Lin, Chief Executive Officer and Executive Director of the Manager, said: “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.”
“Our commitment to driving long- term 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.”
The FTSE EPRA Nareit Global Developed Index is an international real estate investment index developed by FTSE Russell in collaboration with the European Public Real Estate Association (“EPRA”), the European association for listed real estate, as well as the National Association of Real Estate Investment Trusts (“Nareit”), a U.S.-based association for REITs and publicly-traded real estate companies.
The index incorporates REITs and Real Estate Holding & Development companies and is designed to track the performance of listed real estate companies and REITS worldwide.
Read statement here..
