Mapletree Commercial Trust joins the Straits Times Index

There are now four REITs in the STI.

Mapletree Commercial Trust (MCT) has officially joined the Straits Times Index (STI) with a weighting of 1.5%, announced Singapore Exchange (SGX).

This brings the number of REITs in STI to four, along with Ascendas REIT, CapitaLand Mall Trust and CapitaLand Commercial Trust, with an index weighting of 8.0%

Also read: Chart of the Day: Trading volumes of four REITs in the STI Reserve List surged 40% in 2019 YTD

At the same time, Mapletree Industrial Trust entered the STI Reserve List, along with Suntec REIT, Mapletree Logistics Trust, Keppel REIT and Mapletree North Asia Commercial Trust.

Frasers Centrepoint Trust and Keppel DC REIT were also listed in the FTSE EPRA/NAREIT Global Real Estate Index Series, whilst Frasers Logistics & Industrial Trust has been included in the GPR 250 Index Series.

Mapletree Commercial Trust's properties, namely VivoCity, MBC I, PSA Building, Mapletree Anson and MLHF, hold a combined value of $7b as of 31 March.