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Yuexiu REIT to be included in Hang Seng Composite

LargeCap & MidCap Index and Hang Seng Low Volatility Index
Yuexiu REIT
2016-03-11 20:16 4618

HONG KONG, March 11, 2016 /PRNewswire/ -- Yuexiu Real Estate Investment Trust ("Yuexiu REIT" or the "Trust", stock code: 00405) is pleased to announce that the Trust will be included as a constituent stock in the Hang Seng Composite LargeCap & MidCap Index after the recent quarterly review of the Hang Seng Index Series for period ended 31 December 2015 has been concluded. Yuexiu REIT has become the third company under the Yuexiu Group after Yuexiu Property (stock code: 00123) and Chong Hing Bank (stock code: 01111) to be added to that index. The company will also be included in the Hang Seng Low Volatility Index. These will become effective from 14 March 2016.

The Hang Seng Composite LargeCap & MidCap Index is an important component of the Hang Seng Composite Index, and it serves as a gauge of the overall performance of the top 300 large and mid-cap stocks in terms of market capitalization and stock liquidity. The Trust's inclusion in the Index reinforces the company's status as a leading REIT. Meanwhile, the Hang Seng Low Volatility Index is a list of the top 40 stocks with low volatility. To qualify for that index, a stock has to be already a constituent stock of either the Hang Seng Composite LargeCap Index or Hang Seng Composite MidCap Index. Therefore, Yuexiu REIT's inclusion in the Hang Seng Low Volatility Index shows that the Trust is a stable and low-risk investment.

Yuexiu REIT Manager's Chairman and Executive Director, Mr. Liu Yongjie said, "Yuexiu REIT is added to the Hang Seng Composite LargeCap & MidCap Index and the Hang Seng Low Volatility Index in recognition of its enduring endeavor. Its inclusion in the two indices also reflects the capital market's high regard for Yuexiu REIT, which in turn will help enhance the Trust's status in the investment community and capital market. In the future, Yuexiu REIT Asset Management Limited, the manager of the Trust, will continue to manage the assets with diligence and professionalism to enhance the long-term interests of the unitholders of the Trust."

Earlier this year, Yuexiu REIT announced its annual results for the year ended 31 December 2015, and reported a gross income of RMB1.71 billion, representing a growth of 8.8% over last year. Net property income grew by 10.2% to RMB1.088 billion. A final dividend to be distributed to unitholders will be approximately RMB0.2490 per unit, equivalent to approximately HK$0.3061, up by 2.8%. Calculated based on the closing price of HK$4.16 on 31 December 2015, the total dividend per unit of the Trust means a dividend yield of approximately 7.4%.

As a listed company on The Stock Exchange of Hong Kong for more than a decade, Yuexiu REIT has seen its total assets increase from an initial RMB 4.5 billion to RMB29.3 billion, making it one of the largest REITs in Asia. From 2009 to 2015, the Trust's gross income increased at the CAGR of more than 20% while its annual dividend to unitholders grew at the CAGR of 3%. In 2015, the Trust also successfully accomplished its first cross-provincial acquisition by buying Hongjia Tower, which is located in the central business district of Zhuyuan in Pudong, Shanghai. The deal has laid the solid foundations for the Trust's long-term development.

About Yuexiu Real Estate Investment Trust

Yuexiu REIT is the first listed real estate investment trust in the world which invests in real property in mainland of the People's Republic of China, listed on The Stock Exchange of Hong Kong Limited on 21 December 2005. Yuexiu REIT's properties portfolio consisted of seven properties including a commercial complex "Guangzhou International Finance Center" in Guangzhou Tianhe District, Grade-A office buildings "Fortune Plaza" and "City Development Plaza", retail mall "Victory Plaza", office tower "Yuexiu Neo Metropolis" and trading complex "White Horse Building" at the heart of a high-end Central Business District, and "Hongjia Tower" located at the heart of Zhuyuan CBD at Pudong, Shanghai.

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Source: Yuexiu REIT
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