AREIT, Inc., Chinabank Added to the PSE Index

The Philippine Stock Exchange, Inc. (PSE) announced that AREIT, Inc. and China Banking Corporation (Chinabank) will join the 30-company PSE index (PSEi) as part of the January to December 2024 index review.

​AREIT, Inc. (AREIT) will be a first-time member of the PSEi after its stock market launch in August 2020, whereas China Banking Corporation (CBC) has returned to the main index after its first inclusion from May 2010 to May 2011. The two mentioned companies will take the position of Nickel Asia Corporation and Wilcon Depot, Inc., which will become constituents in the PSE MidCap index.

Aside from the above-mentioned index membership change, Philippine Seven Corporation will also replace DDMP REIT, Inc. in the 20-member midcap benchmark.

International Container Terminal Services, Inc. will be removed from the PSE Dividend Yield index, while Robinsons Land Corporation will be added.

All sector indexes will stay unchanged, with the exception of the industrial sector, which will include Pryce Corporation while excluding Fruitas Holdings, Inc.

“It is notable that our very first listed REIT has also become the first REIT to make it to the PSEi. This shows the immense potential REITs have as an investment product, and serves as a good example for REIT issuers that aspire to maximize this particular type of listing vehicle,” PSE President and CEO Ramon S. Monzon said.

The PSE Midcap and PSE Dividend Yield indices have two and four REIT constituents, respectively.

To be included in the indices, a listed company has to be among the top companies in terms of liquidity and market capitalization. It should also have a free float of at least 20% of its outstanding shares. The PSE considers relevant financial parameters while reviewing index composition.

All changes to the indices will take effect on February 3, 2025.