Firms collaborate to produce listed real estate Benchmark for Asia Pacific Region

Thomson Reuters, Global Property Research (GPR), a real estate index specialist, and Asia Pacific Real Estate Association (APREA), which represents and promotes the asset class in the Asia Pacific region, have launched a comprehensive set of Asia Pacific Real Estate Composite Indices.

The Thomson Reuters/GPR/APREA Composite Index family has been developed with leading investors in Asia Pacific real estate and is differentiated by its value proposition, a statement said.

It strikes a different balance between “income” and “growth” companies, recognizing the importance of developers in the Asian market and the need for growth companies to be taken into account. It covers 13 countries, a broader set of countries than available elsewhere.

It includes Asian REITs reflecting their growing importance as they outperform both local Asian stock markets and property in the western world and it includes high growth as well as the typical high dividend yielding companies associated with real estate.

The indices are the first to be developed by Thomson Reuters, GPR and APREA, and give Asian real estate more visibility through indices, recognising the significant position Asia now occupies in global institutional investment.

The set is based on the total return of Asia Pacific property stocks, weighted by free-float market capitalization, in a way that represents the return characteristics of the overall Asia Pacific property stock sector.

The indices are being introduced at an important time as Asian and non-Asian investors expand their exposure to Asian “With real estate equity returns outperforming conventional equities in Asia Pacific, the sector is enjoying a revival and increased investment,” said Lucas Garland, head of indices product management at Thomson Reuters.

Jeroen Vreeker, head of GP, said his firm has been offering benchmarking solutions for many years. “We have used our knowledge and insights into the Asia Pacific region to fulfill the wishes and needs of investors in this region. We are proud to present this innovative index, which serves as the best representation of the local property market.”

 

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