SINGAPORE (June 4): The manager of Lendlease Global Commercial REIT (LREIT) has announced Thursday that it will be included in the GPR APREA Investable REIT 100 Index at the start of trading on June 22.
The GPR APREA Composite Index tracks the dynamics of listed real estate securities (including REITs) across 14 countries and eight sectors in Asia Pacific. It takes into account the market capitalisation, liquidity and operational turnover of components for inclusion in the index.
As at April 30, the index comprises 168 constituents, and represents some US$247 billion (S$345.11 billion) of the free float market capitalisation.
The inclusion will further enhance trading liquidity of LREIT in the REIT sector. LREIT is also included in the MSCI Singapore Index on May 29.
Units in Lendlease Global Commercial REIT closed 1 cent lower, or 1.4% down, at 71.5 cents on Thursday.
