FTSE FACTSHEET
FTSE EPRA/NAREIT Developed Index
Data as at: 29 January 2016
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The FTSE EPRA/NAREIT Global Real Estate Index Series is designed to represent general trends FEATURES
in eligible real estate equities worldwide. Relevant activities are defined as the ownership,
disposal and development of income-producing real estate. The index series now covers Global, Coverage
Developed and Emerging indices, as well the UK's AIM market. The FTSE EPRA/NAREIT Developed Index
incorporates Real Estate Investment Trusts
The FTSE EPRA/NAREIT Developed Index is designed to track the performance of listed real
(REITs) and Real Estate Holding &
estate companies and REITS worldwide. By making the index constituents free-float adjusted,
Development companies.
liquidity, size and revenue screened, the series is suitable for use as the basis for investment
products, such as derivatives and Exchange Traded Funds (ETFs). Diversified Investment Opportunities
5-Year Performance - Total Return The index series provides investors with the
(USD) diversification that real estate offers due to
160 its low correlation with other asset classes,
150 along with sufficient liquidity to gain access
140
to the asset class.
130
120 Objective
110
100 The indices are designed for the creation of
90 index tracking funds, derivatives and as a
80
performance benchmark.
Jan-2011 Jan-2012 Jan-2013 Jan-2014 Jan-2015 Jan-2016
Data as at month end Investability
Stocks are selected and weighted to ensure
FTSE EPRA/NAREIT Developed FTSE Developed
that the index is investable.
Liquidity
Performance and Volatility - Total Return
Stocks are screened to ensure that the index
Index (USD) Return % Return pa %* Volatility %**
is tradable.
3M 6M YTD 12M 3YR 5YR 3YR 5YR 1YR 3YR 5YR
FTSE EPRA/NAREIT Developed -5.5 -4.8 -4.3 -8.7 12.3 38.6 4.0 6.7 13.3 12.2 14.9 Transparency
FTSE Developed -8.0 -10.5 -6.0 -4.6 19.0 35.0 6.0 6.2 13.4 12.2 13.2 Index rules are freely available on the FTSE
website.
* Compound annual returns measured over 3 and 5 years respectively
** Volatility – 1YR based on 12 months daily data. 3YR based on weekly data (Wednesday to Wednesday). 5YR based on monthly data
Availability
Year-on-Year Performance - Total Return The index is calculated based on price and
Index % (USD) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 total return methodologies, both real time
FTSE EPRA/NAREIT Developed 42.4 -7.0 -47.7 38.3 20.4 -5.8 28.7 4.4 15.9 0.1 and end-of-day. A Net Total Return index is
FTSE Developed 21.2 10.0 -40.3 31.4 12.3 -5.5 17.0 26.8 5.1 -0.3 also calculated.
Property Sector Classification
Return/Risk Ratio and Drawdown - Total Return
Constituents are classified into distinct
Index (USD) Return/Risk Ratio Drawdown (%)
Property Sectors based on gross invested
1YR 3YR 5YR 10YR 1YR 3YR 5YR 10YR
book assets as disclosed in the latest
FTSE EPRA/NAREIT Developed -0.7 0.3 0.5 0.2 -14.5 -15.3 -22.5 -71.7
published financial statement.
FTSE Developed -0.4 0.4 0.5 0.3 -16.5 -16.5 -22.3 -57.4
Return/Risk Ratio – based on compound annual returns and volatility in Performance and Volatility table
Drawdown - based on daily data
Source: FTSE Group as at 29 January 2016. Past performance is no guarantee of future results. Please see disclaimer for important legal information. 1 of 3
FTSE EPRA/NAREIT Developed Index Data as at: 29 January 2016
Top 10 Constituents INFORMATION
Constituent Country ICB Subsector Net MCap (USDm) Wgt %
Index Universe
Simon Property Group USA Retail REITs 57,894 4.72
FTSE EPRA/NAREIT Global Real Estate Index
Public Storage USA Specialty REITs 36,771 3.00
Series
Equity Residential USA Residential REITs 27,779 2.27
Mitsubishi Estate Japan Real Estate Holding & Development 24,743 2.02 Index Launch
Unibail - Rodamco Netherlands Retail REITs 24,720 2.02 February 2005
Avalonbay Communities USA Residential REITs 23,473 1.91
Base Date
Mitsui Fudosan Japan Real Estate Holding & Development 21,963 1.79
31 December 1999
Welltower Inc. USA Specialty REITs 21,816 1.78
Prologis USA Industrial & Office REITs 20,684 1.69
Base Value
Ventas Inc USA Specialty REITs 18,300 1.49 1000
Totals 278,144 22.69 Investability Screen
ICB Subsector Breakdown Actual free float applied and liquidity
screened
ICB Code ICB Subsector No. of Cons Net MCap (USDm) Wgt %
8633 Real Estate Holding & Development 72 236,162 19.26 Index Calculation
8637 Real Estate Services 1 1,406 0.11 Real-time and end-of-day
8671 Industrial & Office REITs 86 258,262 21.07 End-of-Day Distribution
8672 Retail REITs 64 341,878 27.89
Via FTP and email
8673 Residential REITs 25 140,152 11.43
Currency
8674 Diversified REITs 27 56,282 4.59
8675 Specialty REITs 29 151,667 12.37 USD, EUR, GBP, JPY, AUD
8677 Hotel & Lodging REITs 19 40,144 3.27 Review Dates
Totals 323 1,225,952 100.00
Quarterly in March, June, September and
December
Country Breakdown
History
Country No. of Cons Net MCap (USDm) Wgt %
Australia 13 72,307 5.90 Available from December 1989
Austria 3 3,350 0.27
Belgium & Lux. 7 5,855 0.48
Canada 20 31,512 2.57
Finland 3 2,286 0.19
France 7 20,304 1.66
Germany 12 37,500 3.06
Greece 1 298 0.02
Hong Kong 14 86,726 7.07
Ireland 2 2,026 0.17
Israel 1 1,283 0.10
Italy 2 953 0.08
Japan 37 136,758 11.16
Netherlands 5 30,296 2.47
New Zealand 1 1,122 0.09
Norway 2 733 0.06
Singapore 11 24,155 1.97
Spain 4 6,447 0.53
Sweden 11 14,223 1.16
Switzerland 4 10,997 0.90
UK 32 73,643 6.01
USA 131 663,178 54.09
Totals 323 1,225,952 100.00
Source: FTSE Group as at 29 January 2016. Past performance is no guarantee of future results. Please see disclaimer for important legal information. 2 of 3
FTSE EPRA/NAREIT Developed Index Data as at: 29 January 2016
Index Characteristics
Attributes FTSE EPRA/NAREIT Developed FTSE Developed
Number of constituents 323 2103
Net MCap (USDm) 1,225,952 31,078,706
Dividend Yield % 3.75 2.65
Constituent Sizes (Net MCap USDm)
Average 3,796 14,778
Largest 57,894 539,700
Smallest 107 78
Median 1,826 5,761
Weight of Largest Constituent (%) 4.72 1.74
Top 10 Holdings (% Index MCap) 22.69 9.63
About EPRA/NAREIT
The European Public Real Estate Association (EPRA) is a common interest group, which aims to
promote, develop and represent the European public real estate sector. The National Association
of Real Estate Investment Trusts® (NAREIT) is the trade association for REITs and publicly
traded real estate companies with an interest in the US property and investment markets.
29 January 2016
Data definitions available from info@ftse.com
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email info@ftse.com or call your local FTSE office:
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“FTSE ” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited (“FTSE”) under licence. The Industry
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omission in the ICB. The FTSE EPRA/NAREIT Global Index Series is calculated by FTSE in association with EPRA and NAREIT. EPRA is a trade mark of
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and are sourced by FTSE. Past performance is no guarantee of future results. Charts and graphs are provided for illustrative purposes only. Index returns
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