FTSE EPRA/NAREIT Global Real Estate Index Series
The FTSE EPRA/NAREIT Global Real Estate Index Series is designed to represent general trends in eligible real estate equities worldwide. Relevant real estate activities are defined as the ownership, disposure and development of income-producing real estate. The index series includes a range of regional and country indices, Dividend+ indices, Global Sectors, Investment Focus, and a REITs and Non-REITs series.
- FTSE EPRA/NAREIT Asia 33 Index
The FTSE EPRA/NAREIT Asia 33 Index was launched in July 2007 to allow for a more precise assessment of the performance of the 33 largest and most liquid real estate securities from Australia, Hong Kong SAR, Singapore, New Zealand and Japan. Constituents are capped at 10% of the total index to avoid concentration in any one stock. The index was redenominated in HKD on 30 August 2007.
- FTSE EPRA/NAREIT Dividend+ Index Series
The FTSE EPRA/NAREIT Dividend+ Index Series is designed to select and measure the performance of higher yielding stocks within the universe of the FTSE EPRA/NAREIT Global Real Estate Index Series. The index series represents stocks that have a one-year forecast dividend yield of 2% or greater which are then weighted by market capitalisation, and enables investors to take advantage of the increasing trend towards Real Estate Investment Trust (REIT) structures and the related advantages of capturing the long-term effect of higher compounding returns. The index series encompasses Global, Europe ex UK, Asia and US indices.
- FTSE EPRA/NAREIT Global REITs & Non-REITs Index Series
Introduced as part of the FTSE EPRA/NAREIT Global Real Estate Index Series, the FTSE EPRA/NAREIT Global REITs and Non-REITs Index Series enables investors to differentiate REIT from Non-REIT constituents within the EPRA/NAREIT universe according to country-specific REIT legislation. As a result of increasing interest in real estate products and specific investment needs, this sub-set of indices will provide investors with additional granularity in the market place.
- FTSE EPRA/NAREIT Index Series Global Sectors
The new index series is a subset of the FTSE EPRA/NAREIT Global Real Estate Index Series, separating the existing constituents into ten distinct Property Sectors. A company is included in one of the following Property Sectors if 75% or more of its gross invested book assets are invested in that particular. The only exceptions are the Diversified and Specialty indices where, to be eligible, less than 75% of gross invested book assets must be invested in the other eight sectors.
- FTSE EPRA/NAREIT Investment Focus Indices
The new index series is a subset of the FTSE EPRA/NAREIT Global Real Estate Index Series, separating the existing constituents into both Rental and Non-Rental indices. A company is included in the Rental index if its rental revenue from investment properties is greater than or equal to 70% of total revenue. A company is included in the Non-Rental index if its rental revenue from investment properties is less than 70% of total revenue.
- FTSE EPRA/NAREIT UK REITs & Non REITs Indices
The FTSE EPRA/NAREIT UK REITs Index and FTSE EPRA/NAREIT UK Non-REITs Index are a sub-set of the FTSE EPRA/NAREIT UK Index, and form part of the existing FTSE EPRA/NAREIT REITs and Non-REITs Index Series, launched in March 2006. The REITs and Non-REITs Index Series gives investors the capability to view each UK constituent’s classification within the EPRA/NAREIT universe according to REIT legislation.
REITs provide investors with a liquid and cost efficient way to earn the investment returns typically available from direct real estate investment. To qualify as a REIT, a real estate company must satisfy certain requirements set forth by UK legislation, including the distribution each year to its shareholders of at least 90% of its taxable income. In return for distributing most or all of its taxable income, the company pays no corporate tax on the distributed income.
