RX REIT Index (Kurs)

The introduction of the REIT-Segment, is also the start of a Deutsche Börse Real Estate Indexfamily. In addition to an All Share and a selection index, which refer exclusively to Real Estate Investment Trusts (REITs), a comprehensive Real Estate Index will also be calculated. In addition to REITs it will also contain the largest and most liquid Real Estate companies of the Deutsche Börse Prime Standard.

REITs are real estate businesses with the purpose of purchasing and/or selling, as well as managing properties. The key feature of REITs is that profits are taxed at unit holder level, as opposed to at shareholder level. The lion’s share of the profits, which are generated from the real estate business, are distributed as dividends.

Following the promulgation of REIT legislation in Germany, Deutsche Börse has launched a separate segment class for this segment and will be calculating specific REIT indices. Investors will be provided with an easy way of identifying REITs for a specific investment as well as a high level of transparency. German REITs can be listed on the EU-regulated market on the General Standard, which is based on the EU minimum requirements, or on the Prime Standard, which imposes the highest transparency requirements in the EU.

Deutsche Börse calculates three independent REIT indices:

• The RX REIT Index contains up to 20 of the largest and most liquid REITs from the Prime Standard. The components are weighted in accordance with their free float market capitalization.

• The RX REIT All Share Index covers all REITs on the Prime Standard and General Standard. Weighting in accordance with pure market capitalization.

• The RX Real Estate-Index contains up to 30 REITs and Real Estate’s from the Prime Standard. All companies included in the index have to reach a minimal daily trading volume of 1 Million Euro.

All REITs contained in the before mentioned indices have to be listed in the REIT-segment of Deutsche Börse. Based on these indices product providers can create investment products, e.g. derivatives and index funds. REITs will be included in the equity selection indices, such as the DAX, MDAX or the SDAX, at the same time until further notice, provided that they meet the respective inclusion requirements.