Pei enters the MSCI COLCAP index
May 23 2024 - 5:20PM
Business Wire
Pei, the leading real estate investment trust in Colombia, has
been selected to be part of the MSCI COLCAP, a stock index that
tracks the performance of the 20 most traded securities with the
highest market capitalization in the Colombian stock exchange.
This, after the announcement made in November 2023 by the MSCI
Global Standard about the inclusion of Colombian REITs as part of
the universe of eligible securities for its indexes1.
The inclusion in the preliminary basket of the MSCI COLCAP,
marks another milestone for Pei as a pioneer, becoming the first
issuer in the country's real estate investment industry to achieve
this position, while providing a greater degree of diversification
to the index.
“Joining the MSCI COLCAP, will draw global investors, bolstering
our market position in Colombia and enhancing the liquidity of our
securities, a prime factor for investors.” said Jairo Corrales, CEO
of Pei Asset Management, the REIT external manager.
On May 31, during the index rebalancing at the Colombia Stock
Exchange, the new composition of the MSCI COLCAP index basket will
be officially announced.
About Pei (PEI CB Equity)
Pei is a diversified real estate investment trust structured and
externally managed by Pei Asset Management (Pei AM). Pei AM has
consolidated a portfolio of income-generating properties appraised
in more than 9.4 trillion pesos (Nearly USD 2.5 billion), that
amount to more than 1.14 million m2 of gross leasable area, with a
diversified base of more than 1,350 tenants with a footprint in
more than 30 cities across country.
1 For more information, please visit:
https://www.msci.com/index-methodology
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Cristian Mancera cmancera@pei.com.co +57 310 629 9807