Lendlease Global Commercial REIT (LREIT) will be included in the MSCI Singapore Small Cap Index after market trading closes on 29 May 2020.
The inclusion comes seven months after the REIT listed on the mainboard of the Singapore Exchange (SGX).
The REIT joins Keppel Pacific Oak US REIT, which will also join the index on 29 May.
“Being part of the benchmark index is an important leap for us to reach out to a larger pool of investors and raise LREIT’s profile in the international investment community”, said Kelvin Chow, CEO of the REIT’s manager.
“Inclusion into the index will enhance our trading liquidity and also signifies a mark of confidence as we continue to focus on delivering a stable portfolio of assets for our investors,” he added.
The MSCI Singapore Small Cap Index is designed to measure the performance of the small cap segment of the Singapore market.
It has 51 constituents as at 30 April 2020, the index represents approximately 14% of the free float-adjusted market capitalisation of the Singapore equity universe.
The REIT was last done on the SGX at SGD0.55.