Keppel DC REIT will be added to the FTSE EPRA Nareit Global Developed Index, effective 23 September, the data-center-focused REIT said in a filing to SGX Wednesday.
“This is a significant milestone for Keppel DC REIT, and bears testament towards our commitment in growing the REIT to be recognized amongst real estate equities worldwide,” Chua Hsien Yang, CEO of Keppel DC REIT, said in the statement. “This will enhance Keppel DC REIT’s visibility to index funds, and supports liquidity and capital raising efforts.”
The index is intended to track the performance of listed real estate companies and REITs globally, the filing said. It was developed by FTSE Russel and the European Public Real Estate Association, the filing said.
Keppel DC REIT is a pure play on data centers, focusing on Asia Pacific and Europe. Its portfolio includes 15 data centers in ten cities and eight countries, the filing said.