Thomson Reuters Launches Comprehensive Listed Real Estate Benchmark for Asia Pacific Region
Family of regional real estate indices developed by Thomson Reuters, Global Property Research and Asia Pacific Real Estate Association
Singapore - Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, Global Property Research (GPR), a real estate index specialist, and Asia Pacific Real Estate Association (APREA), which represents and promotes the real estate asset class in the Asia Pacific region, today announced the launch of the Asia Pacific Real Estate Composite Indices - designed specifically to be the most comprehensive listed real estate benchmark available for the Asia Pacific region.
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:
- 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 a broader set of countries than available elsewhere, 13* in total;
- It includes Asian REITs reflecting their growing importance as they outperform both local Asian stock markets and property in the western world;
- It includes high growth as well as the typical high dividend yielding companies associated with real estate.
The TR/GPR/APREA Composite Index family represents the first indices to be developed by Thomson Reuters, GPR and APREA. The launch of the TR/GPR/APREA Composite Index family supports Thomson Reuters vision to connect and enable the global financial community and represents a significant step forward in addressing the benchmarking needs of the investment community. It also supports APREA’s vision to give Asian real estate more visibility through indices and give appropriate recognition to the significant position that Asia now occupies in global institutional investment.
The new family of real estate indices 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.
“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. “We are thrilled to extend our real estate collaboration to include the regional industry body, ensuring that together we are able to provide indices which truly reflect the Asia Pacific property landscape and are ideal to provide global and local investors with liquid access to the asset class.”
“As a listed real estate index specialist, GPR has been offering benchmarking solutions for many years,” said Jeroen Vreeker, head of GPR. “We have used our knowledge and insights into the Asia Pacific region to fulfil 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.”
“The TR/GPR APREA Composite Index family meets an essential need as a benchmark and portfolio management tool truly representative of Asia Pacific listed real estate, and it is being introduced at a very important time with Asian investors in particular expected to expand their exposure to property and non-Asian investors expected to increase their exposure to Asian real estate,” said Lim Swe Guan, Chairman of APREA. “We are delighted to have joined Thomson Reuters and GPR in this major industry initiative.”
Thomson Reuters, Global Property Research and APREA are working together to develop listed real estate indices for Asia Pacific. The new indices will combine APREA’s regional knowledge and oversight as the key collective industry body in Asia Pacific real estate, with Thomson Reuters’ deep experience as calculator of some of the world’s most popular indices and GPR’s specialized expertise in real estate research and indexing.
Thomson Reuters today provides over 10,000 indices that allow market professionals to make better investment decisions and understand market trends. Thomson Reuters equity indices cover 51 countries and 27 regions and utilize the unique Thomson Reuters Business Classification system. Additionally we offer Sovereign Bond Indices for 28 markets and indices for a variety of other asset classes – such as the recently launched TR/GPR Real Estate Indices, Venture Capital Indices and Shariah compliant Indices for Islamic Finance.
Thomson Reuters provides innovative indices and index-related services to the global financial community to help investors make better decisions. Thomson Reuters index clients and partners rely upon the unparalleled breadth, depth, global network and vast data and content sets that only Thomson Reuters can provide. Backed by the content, data, independence and global information network of Thomson Reuters, our indices and index services are designed to suit any need. For more information, go to Thomson Reuters Indices.
*Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand.
About Thomson Reuters
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com.
About Asia Pacific Real Estate Association
The Asia Pacific Real Estate Association (APREA) is a non-profit industry association that represents and promotes the real estate asset class in the Asia Pacific region. It is the industry body for the suppliers and users of capital in the real estate sector.
Its membership comprises real estate companies, listed real estate trusts, unlisted property funds, investment managers, investment banks, property securities fund managers, institutional investors, real estate consultants, corporate advisors, stockbrokers, investment advisors and universities.
APREA’s achievements in education and information dissemination, and focus on improving the general real estate operating environment, have firmly entrenched it as the leading representative body for the industry in the region. In particular, its achievements in driving regulatory improvements within the listed real estate trust sector extend beyond existing markets and pave the way for the emergence of new markets in other Asian countries.
For additional information on APREA, please visit www.aprea.asia.
About Global Property Research
Global Property Research (GPR) specializes in the creation of tailor-made indices, available in various formats. GPR provides over 3,500 index series to benchmark investments in the listed real estate sector.
All index products use an extensive and unique proprietary database of global listed real estate companies. GPR has a proven track record since 1995. GPR offers its clients four standard benchmarks: GPR 250 Index, GPR 250 REIT Index, GPR General Index and GPR General Quoted Index. All its indices are distributed via various data vendors.
GPR has an independent, dedicated and experienced Index Team with hands-on service for clients. Moreover, all index calculation procedures and maintenance processes are performed in-house.
For additional information on GPR, please visit www.globalpropertyresearch.com.
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