Real Estate Indices

Indices tracking global property markets, offering varying levels of liquidity and exposure

Highlights

  • Highly liquid and representative
  • Created by property experts
  • Offer multiple exposure levels

Intended for

  • Custodian
  • Fund Manager
  • Research Analyst

Description

Thomson Reuters Indices has developed a global suite of highly liquid, property indices in collaboration with real estate index provider Global Property Research (GPR). The TR/GPR Indices are composed of the 100 most liquid real estate stocks in the world and are designed to be tracked by Exchange Traded Funds and other structured products. Regional variants based on the TR/GRP 100 Index are also available for increased focus.

Thomson Reuters and GPR have also partnered with the Asia Pacific Real Estate Association (APREA) to provide the most comprehensive and representative indicators of the Asia Pacific property market, covering over 350 property stocks in 13 developed and emerging countries.

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Features

Benefits

TR/GPR Index Suite:

Covers 70-80% of global investable real estate market capitalization. Constituents typically have no less than $3 million in daily traded volumes.
  • Provides highly liquid, yet representative exposure to real estate stocks
Calculated in real-time and UCITS compliant
  • Can be tracked by listed investment products such as Exchange Traded Funds as well as OTC derivatives

TR/GPR/APREA Indices:

Include both income generating and growing property stocks and REITS across 13 countries in Asia Pacific
  • Are the most representative and comprehensive benchmarks available for listed property markets in Asia Pacific
Transparent, superior methodologies developed by Asia Pacific property investors and researchers
  • Ensure the asset class is correctly and fairly represented to investors

Research Report

TR/GPR Americas 40 Index - Peer Comparison

This research report outlines the benefits the index offers to licensees

Press Release

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

Press Release

Thomson Reuters Launches First Highly-Liquid, Investable, Real Estate Indices for ETF Market

Thomson Reuters, the world’s leading supplier of intelligent information for businesses and professionals, and Global Property Research today announced the launch of the first highly-liquid, real estate indices. Designed specifically to be tracked by ETFs looking to offer investors exposure to real estate markets globally, the TR/GPR indices provide a more investable and tradable solution than currently available elsewhere.

Press Release

Thomson Reuters Launches Investable Real Estate Benchmarks for Asia Pacific Region

Regional real estate indices for the top 100 regional property developers and REITs developed by Thomson Reuters, Global Property Research and Asia Pacific Real Estate Association

TR/GPR/APREA Indices

Thomson Reuters, Global Property Research (GPR) and Asia Pacific Real Estate Association (APREA) jointly provide the most comprehensive and representative indicators of Asia Pacific property available.

The index series utilize a transparent, objective rules based methodology developed in collaboration with APREA and other leading property investors to ensure the index reflects Asia Pacific property market characteristics.

For more information, visit the GPR Website.


TR/GPR Indices

Inclusion Criteria

The methodology for the Thomson Reuters/Global Property Research index family has been developed by GPR and ensures that the indices focus on liquid property investment companies and exclude pure property developers.
Index constituents must fulfill the below minimum requirements for index inclusion:

  • $50Mn free float market capitalization
  • 15% minimum available free float
  • 75% of operational turnover from real estate activity
  • 25% operational turnover from rental income

Companies are allocated a sector when over 60% of operational revenue is generated from one of the below sectors:

  • Healthcare
  • Hotel
  • Residential
  • Retail
  • Office
  • Other

All other companies meeting index inclusion are tagged as diversified.
Country allocation is based either on the country of listing, or the country in which over 75% of operational turnover is derived from.


Rebalance

TR/GPR/APREA indices are rebalanced in March, June, September and December.

Effective Monday, September 23, 2013 start of trading, the TR/GPR Global 100 Index and its sub-indices, TR/GPR Americas 40 Index, TR/GPR Asia Pacific 30 Index and TR/GPR EMEA 30, will be rebalanced. To view a full list of inclusions and deletions, click on the below link

Effective Monday, December 23, 2013 start of trading, the TR/GPR/APREA Composite Index, TR/GPR/APREA Investable 100 Index and the TR/GPR/APREA Investable 100 REIT Index and their sub-indices will be rebalanced. To view a full list of inclusions and deletions, click on the below link

Effective Monday, March 24, 2014 start of trading, the TR/GPR/APREA Composite Index, TR GPR 100, TR/GPR/APREA Investable 100 Index and the TR/GPR/APREA Investable 100 REIT Index and their sub-indices will be rebalanced. To view a full list of inclusions and deletions, click on the below link

  • Lucas Garland

    Head of Product Management, Indices

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Fact Sheets