“The inclusion in the FTSE EPRA Nareit Emerging Index was part of our strategy to improve the visibility of the Romanian capital market in the international arena and contribute to the further appreciation of the company’s liquidity. As we prepare for the share capital increase operation, which has the goal of investing in new growth opportunities and increasing the free-float of the company, we are determined to further diversify our shareholding and grow the liquidity on ONE stock in order to be included in more regional and sectorial indices. Our objective is to turn One United Properties into a frontrunner Romanian public company, on the radar of key international institutional investors,” stated Victor Căpitanu, co-CEO of One United Properties.
The FTSE EPRA Nareit Emerging Index is designed to track the performance of listed real estate companies and REITS in emerging markets. By making the index constituents free-float adjusted, liquidity, size, and revenue screened, the series is suitable for use as the basis for investment products, such as derivatives and Exchange Traded Funds (ETFs). The EMEA Emerging index in which One United Properties will be included covers listed companies from Europe, Middle East and Africa.
One United Properties will be the first real estate company from Romania to be included in this index. Following the inclusion of One United Properties shares, FTSE EPRA Nareit EMEA Emerging Index will include 33 issuers, of which just two European, one Romanian and one Czech. 14 issuers are from Saudi Arabia, 10 from South Africa, three from Turkey, two from United Arab Emirates and one from Kuwait. The total market capitalization of all the index constituents is approximately 24 billion dollars.
Apart from the FTSE EPRA Nareit Emerging Index, ONE shares are also included, as of December 2021, in FTSE Global All Cap, which covers the performance of the large, mid, and small-cap stocks globally, FTSE Global Small Cap, the small-cap segment within the FTSE Global Equity Index universe, and FTSE Global Total Cap, which includes large, medium, small, and micro-companies. Locally, as of September 2021, ONE shares are included in the BET, the main index of the Bucharest Stock Exchange that follows the most liquid companies, BET-TR, BET-XT, BET-XT-TR, and BET Plus indices.
One United Properties is the third-largest entrepreneurial company listed on the Main Market of the Bucharest Stock Exchange and the largest real estate developer listed on the local capital market. The company’s shares floated on BVB on July 12th, 2021, following a successful IPO, during which the company raised 260 million lei for further developments in both the residential and office segments.
Since listing on the Bucharest Stock Exchange, ONE shares are consistently amongst the most traded financial instruments on the Bucharest Stock Exchange. Just in 2022, investors traded ONE shares with a total value of 27 million euro (133.6 million lei), resulting in a daily liquidity of over 260K euro (1.3 million lei). In a volatile first quarter of 2022, ONE shares outperformed the benchmark index BET, delivering a +3.86% share price appreciation vs. a -2.92% decline in the BET index. Only five blue chips, including ONE, registered a positive evolution in this period.