JR Global REITs Included in Global Index FTSE

The Finance Tower located in Brussels, Belgium, the underlying asset of JR Global REITs
[Photo by JR Investment Management]

[Asia Economy Reporter Noh Kyung-jo] JR Global REIT recently announced on the 13th that it has been included in the 'Developed Asia' section of the 'FTSE EPRA Nareit Global Real Estate,' a representative global REIT investment benchmark index.

It is the third domestic listed REIT to be included in this index, following ESR Kendall Square REIT and Lotte REIT.

FTSE EPRA Nareit is a global index specializing in listed real estate companies and REITs. As of the end of August, the total market capitalization is approximately 2,200 trillion KRW. Among them, the Developed Asia section includes about 130 stocks, with a market capitalization reaching 495 trillion KRW.

The actual reflection of the index inclusion will take place on the 19th. JR Global REIT expects an influx of passive fund capital tracking this index and foreign investors.

Meanwhile, JR Global REIT has grown to a total asset size of 2 trillion KRW through its first rights offering since listing in July. The dividend, paid twice a year as in the previous year, has been decided at 190 KRW per share for the first half of this year as well.

This content was produced with the assistance of AI translation services.