Real estate investment trust (REIT) Dipula Properties says it will be included in the FTSE/JSE All Property Index (ALPI) and SA REIT Index with effect from March 23 following the JSE's latest index review.
The company expressed in a media release that this inclusion is an important milestone for Dipula, positioning it more prominently in the listed property markets, strengthening its role in a sector that continues to deepen and diversify in terms of counters and management teams.
DePula says index inclusion opens the door to a broader and more diverse pool of capital, while increasing the potential for expanded sell-side analyst coverage.
The company says it also increases visibility among investors and enables Dipula to fall within the index-linked asset manager benchmark for listed assets, common equities and balanced funds.
The inclusion may also increase the overall liquidity and tradability of Dipula shares.
“Joining these indices places Dipula firmly in the institutional investment landscape. We see this as an opportunity to deepen engagement with a broader investor base while executing on our strategy,” says the CEO of Dipula Properties. Izaak Peterson.