TSE News

TSE to Begin Calculating and Publishing "Tokyo Stock Exchange REIT Property Sector Index Series" - A New Index Series Focused on REITs' Investment Property Sectors

Update : Jun. 18, 2010

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[Tokyo Stock Exchange, Inc.]

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.

Constituents of the TSE REIT Property Sector Index Series PDF

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.

Contact

Tokyo Stock Exchange, Inc. Information Services Dept. Index Desk
TEL: +81-3-3666-0141
e-mail:index@tse.or.jp

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