Keppel DC REIT to be included in Straits Times Index
Keppel DC REIT will be included in the benchmark Straits Times Index with effect from Monday 19 October.
The Straits Times Index is a highly diversified benchmark for the Singapore stock market, consisting of 30 of its largest capitalised and most actively traded stocks.
Mr. Chua Hsien Yang, CEO of Keppel DC REIT Management, said: “The inclusion of Keppel DC REIT in the STI marks an important milestone for Keppel DC REIT since its listing on the Singapore Exchange. This is testament to Keppel DC REIT’s growth and will further increase our visibility among global investors, as well as enhance our trading liquidity.”
Keppel DC REIT, the largest stock on the Straits Times Index reserve list was listed in December 2014 as Asia’s first pure-play data center REIT, with eight assets across six countries and assets under management of approximately $1 billion.
Today, the REIT’s AUM has grown significantly to approximately $2.8 billion, with 18 assets in eight countries across Asia Pacific and Europe.
Unitholders who invested in Keppel DC REIT since its initial public offering would have seen a total unitholder return of approximately 338% as of 15 October 2020, and approximately 47% year-to-date.
Keppel DC REIT is a constituent of the FTSE EPRA Nareit Global Developed Index, MSCI Singapore Small Cap Index and the GPR 250 Index Series.
The Straits Times Index took a hit and extended its losses from Wednesday 14 October, with a fall of 1.25% as a result of ‘grim news surrounding Brexit, a resurgence in COVID-19 cases in Europe and the lack of progress on United States stimulus measures. But it rebounded slightly on Saturday 17 October, climbing 0.37%.
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