This is said to broaden ART’s reach to international investors.
Ascott Residence Trust (ART) will be included in the FTSE EPRA Nareit Global Real Estate Index Series (Global Developed Index) from 22 June, according to an announcement.
This follows ART’s combination with Ascendas Hospitality Trust last year, which boosted the company’s scale and enabled its inclusion into the FTSE EPRA Nareit Global Developed Index.
The inclusion is said to further raise ART’s profile as the proxy hospitality trust in Asia Pacific and broaden their reach amongst global investors as well as increase ART’s trading liquidity, according to Beh Siew Kim, CEO of the managers of ART.
The FTSE EPRA Nareit Global Real Estate Index Series is an international real estate investment index developed by FTSE Group in cooperation with the European Public Real Estate Association (EPRA) and the National Association of Real Estate Investment Trusts (Nareit).
The index series is designed to track the performance of listed real estate companies and REITs worldwide and is seen as the leading benchmark for listed real estate investments.
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