Ascott Residence Trust (ART), the hospitality trust in Asia Pacific, announced it will be included in the FTSE EPRA Nareit Global Real Estate Index Series (Global Developed Index) from 22 June 2020.
“We constantly explore ways to enhance the value of ART. Our successful combination with Ascendas Hospitality Trust last year has boosted the scale of ART and enabled us to achieve ART’s inclusion into the FTSE EPRA Nareit Global Developed Index, which was one of the objectives of the combination. Being part of this leading benchmark for listed real estate investment companies and REITs will further raise ART’s profile as the proxy hospitality trust in Asia Pacific, broaden our reach amongst global investors and increase ART’s trading liquidity. With an enlarged investor base, we will have greater financial capacity to further enhance ART’s portfolio. We would like to thank our investors for their support and remain committed to generate long-term value for our stapled securityholders,” said Ms Beh Siew Kim, Chief Executive Officer of the managers of Ascott Residence Trust.
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.