To keep pace with growing international investor interest in real estate stocks, the National Association of Real Estate Investment Trusts® (NAREIT), the European Public Real Estate Association (EPRA) and the cross-border exchange Euronext have announced that the NAREIT North America series of the EPRA/NAREIT Global Real Estate Index is joining the EPRA Europe series in reporting investment performance on a real-time basis.
NAREIT President and CEO Steven A. Wechsler said: "The EPRA/NAREIT Global Index is the leading benchmark for global real estate investors. And the launch of instant calculations for the NAREIT North America Series provides further evidence of the growing appeal of the dividends and diversification benefits of real estate stocks."
"This is another essential step in the range of Euronext initiatives in support of the listed Real Estate sector." according to Mark Adema, director of Euronext Indices b.v. "The real time calculation and dissemination of the North American index series facilitates the potential launch of index linked products, such as ETF's, also known as trackers."
Nick van Ommen, CEO of EPRA, said, "Since the launch of the EPRA Europe series, on a real-time basis, we've experienced substantial interest by institutional investors, financial institutions and investment advisers, who use it in a variety of ways. We believe the NAREIT North America Series will create similar investment opportunities."
