Prime US REIT has been included in the MSCI Singapore Small Cap Index as of 26 November, the U.S. office REIT said in a filing to SGX Monday.
“Our inclusion into the MSCI Index is an important milestone since listing in July. We seek to raise our profile in global capital markets,” Barbara Cambon, CEO and chief investment officer of the REIT’s manager, said in the statement.
“We believe that an in-depth understanding of our business, operating landscape and quality of our assets amongst the investment community will help diversify our unitholder base and enhance trading liquidity,” she added.
The MSCI Singapore Small Cap Index has 51 constituents as of end-October, and represents around 14 percent of the free float adjusted market capitalization of the Singapore stock market, the filing said.