Centuria Metropolitan REIT added to S&P/ASX 300 Index
Australian real estate investment trust (REIT), the Centruria Metropolitan REIT has announced it has been included on the S&P/ASX300 Index, effective from 18 September.
The company said it had been always its goal to be included in the index and said it expected that the move would enhance its position within the Australian equity market and help generate increased interest from institutional investors.
Also, Centuria Group entity, Centuria Industrial REIT (CIP) is already included in the S&P/ASX 300 Index, while Centuria Capital (CNI) would be a potential candidate for inclusion.
Group’s chief executive, John McBain, said: “The inclusion of the REIT in the ASX/S&P 300 index is an important milestone for CMA, which was launched in December 2014.
“Combined with our $1.6 billion unlisted property syndication business, we now have three distinct property investment platforms that can grow independently.
“This enhances the group’s overall growth prospects,” he said.
The S&P/ ASX 300 Index includes up to 300 of Australia’s largest ASX listed entities by float-adjusted market capitalisation and provides a benchmark for many general equities and real estate specific institutional investors.
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