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The Tokyo Stock Exchange will begin calculating and publishing the "Tokyo Stock Exchange REIT Property Sector Index Series", from June 21, 2010, to satisfy the diverse needs for indices in the market. This new series of REIT indices is focused on property sector invested in by REITs.
The constituent universe of the Tokyo Stock Exchange REIT Property
Sector Index Series comprises all TSE-listed REIT issues. The series consists of
the "Tokyo Stock Exchange REIT Office Index", "Tokyo Stock
Exchange REIT Residential Index", and the "Tokyo Stock Exchange REIT
Retail & Logistics, Others Index". The constituents for each index are
selected based on the use of the properties subject to investment by each REIT.
1. Overview
| Name of Index | Tokyo Stock Exchange REIT Office Index Tokyo Stock Exchange REIT Residential Index Tokyo Stock Exchange REIT Retail & Logistics, Others Index |
| Constituent Selection | Based on the most recent securities report submitted for each REIT as
of the base date for the periodic review, classify each REIT into one of
three property sectors, namely "Office",
"Residential", and "Retail & Logistics, Others".
(A single REIT issue may only be classified into one property sector,
and will not be included in multiple property sector indices.) Specifically, issues are classified according to the description under the "investment policy" item of the securities report containing description on the use of properties subject to investment by the REIT. In the case of multiple uses of properties subject to investment described under the "investment policy" item, confirm the basic policy on the investment ratio for each use and classify the issue based on the use with the highest investment ratio. In the case where there is no description on the investment ratio for each use, or where there are multiple property sectors with high investment ratios, refer to the list of investment properties in the securities report and classify the issue based on the property sector with the highest appraised value. |
| Periodic Review of Sector
Classifications |
Base date: Last business day of May Publication date: Fifth business day of July Adjustment date: After close of trading on one business day before last business day of July |
| Index Calculation | Market capitalization weighted index |
| Base Date / Base Value | Friday, February 26, 2010 / 1,000 points |
| Launch Date | Monday, June 21, 2010: Closing price published on TSE homepage |
| MAINS Launch Date | Monday, September 13, 2010 Real-time distribution via TSE Market Information System (MAINS) (every 15 seconds) to securities companies, information vendors, etc. (excluding Total Return Index) |
| Total Return Index | Available |
| TMI | Not available |
2. Constituents of Tokyo Stock Exchange REIT Property Sector Index Series
Constituents of the Tokyo Stock Exchange REIT Property Sector Index Series as of the launch date can be found below.
Please refer to the following page for the index constituents as of the launch date and periodic review.
3. Index Data Provision Service
(1) Index value (excluding Total Return Index)
Information will be distributed on a real-time basis (every 15 seconds) via TSE Market Information System from September 13, 2010.
Daily closing price will be published on the following page on our website （Excel format. Previous business day’s index data will be available at 4 p.m. (GMT+9)) from June 21, 2010.
(2) Provision of Index data on constituent issues and total return index
Information on the "Tokyo Stock Exchange REIT Property Sector Index Series" will be provided for a fee through the new "Tokyo Stock Exchange REIT Property Sector Index Series data service". Details on the service are as follows.
TSE will announce details on the historical data service for the Tokyo Stock Exchange REIT Property Sector Index Series at a later date.
| Name | Tokyo Stock Exchange REIT Property Sector Index Series data service |
| Content | *Price Return Index Index name, index value, change from the previous day (% and points), base market capitalization, latest market capitalization, no. of constituent issues, etc. * Total Return Index Same as price return index * Index Constituent Issues Issue code, ISIN, issue name, market section, industry code, no. of listed shares for index calculation, price, market capitalization for index calculation, etc. |
| Method of access | File to be sent via e-mail every business day |
| Monthly fee | Please contact us for details. |
