New Company in Deutsche Börse’s REITs Segment
Hamborner REIT AG is third German company included
Deutsche Börse: Following its successful conversion, Hamborner REIT AG became the next company to be accepted into Deutsche Börse’s REITs segment on Monday. REITs, or real estate investment trusts, are exchange-listed stock corporations that generate the majority of their revenue from managing real estate, and are subject to certain structural and tax conditions.
Hamborner REIT AG is the first German REIT not to be newly founded; it has been a listed company since 1953. The company has become the third German REIT. A total of around 160 companies are traded in Deutsche Börse’s REITs segment, of which 117 are from the US, and others from Japan, France, Hong Kong and the UK.
Deutsche Börse established the REITs segment in November 2007 for this asset class. This enables investors and analysts to easily identify REITs for targeted investment in listed companies with REIT status, while offering a high degree of transparency. REITs can be listed on the EU-regulated market in the General Standard and Prime Standard, as well as in the exchange-regulated market on the open market and in Entry Standard.
Deutsche Börse calculates independent REIT indices on the basis of segment membership; the All Share index covers all REITs on the Prime Standard and General Standard, and is accessible for both German and foreign REITs. The REIT “RX” selection index contains the 20 largest and most liquid REITs from the Prime Standard.
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