AIMS APAC REIT (AA REIT) and ARA LOGOS Logistics Trust (ALOG) will be joining the FTSE EPRA Nareit Global Index from Sept 20 onwards.The REITs join OUE Commercial REIT, Keppel Pacific Oak US REIT, ESR-REIT and Prime US REIT among the list of Singapore REITs (S-REITs) included in the index.
Koh Wee Lih, the CEO of AA REIT’s manager, says that the manager looks to “increase the visibility and exposure of the REIT to index funds and bring about higher trading liquidity to investors globally”.“This is in line with the manager’s drive to strengthen our engagement with existing and new investors, as part of a continual outreach to a high quality and diversified institutional investor base. It also ties in well with our efforts to diversify our capital sources, investment allocation and partnership opportunities in Singapore and the region,” Koh adds.“We are encouraged that this comes soon after AA REIT’s listing as the Top 10 best performing S-REITs in 1H2021 in terms of percentage of total returns.
We will continue to expand our focus across a diversity of assets with good capital growth potential in our core markets, to generate attractive long-term total returns for all unitholders,” he elaborates.“ALOG’s entry into the FTSE EPRA Nareit Global Developed Index marks yet another significant milestone in our transformational journey since its rebranding commenced in April 2020,” says Karen Lee, CEO of ARA LOGOS Logistics Trust’s manager.“
Supported by ALOG’s Sponsor, LOGOS, we have continued to enhance the growth profile of the REIT, and this has allowed us to successfully achieve ALOG’s inclusion in this index. Joining this leading benchmark will not only enhance ALOG’s trading liquidity and extend our institutional investor reach but will also further strengthen ALOG’s growth story.
This will continue to cement our solid foundation as a pure play logistics REIT as we continue to grow sustainably in the years to come,” Lee adds.Earlier today, ALOG received a query from the Singapore Exchange Regulation (SGX RegCo) on its “unusual share movements” in the trust’s shares. Units in the REIT closed at an intraday high of 95 cents with 27.8 million units changed hands.
Units in AA REIT closed 6 cents higher or 3.9% up at $1.6, while units in ALOG closed 5.5 cents higher or 6.15% up at 95 cents on Sept 2.