AREIT Inc. (AREIT), the pioneering real estate investment trust sponsored by property giant Ayala Land Inc., has been added to the FTSE EPRA NAREIT Asia ex Japan REITs 10% capped index.
It is the first Philippine REIT to be included in this index, which has a net market capitalization of $55.43 million.
The index is composed of 28 constituents generating an average dividend yield of 5% as of August 31.
It includes various REITs in Asia ex Japan engaged in data centers, diversified portfolio, healthcare, industrial, industrial and office-mixed, lodging or resorts, office, residential, and retail.
The index is part of the FTSE EPRA Nareit Global Real Estate Index Series which incorporates REITs and real estate holding and development companies covering global, developed and emerging indexes, as well as the UK’s alternative investment market.
Apart from this, AREIT was awarded Most Outstanding IPO in the Philippines, according to Asiamoney 2021 Asia’s Outstanding Companies Poll
Over 5,787 votes were received for publicly-listed companies across 13 markets in Asia.
The poll is conducted annually and is designed to acknowledge listed companies that have excelled in areas such as financial performance, management team excellence, IR activities and CSR initiatives.