A meaningful milestone for three SA REIT Association members.
SA REIT Association welcomes the inclusion of Spear REIT, Dipula Properties and Octodec Investments in key FTSE and JSE property indices
Three new inclusions broaden the benchmark and reinforce the depth of South Africa’s listed property sector
The SA REIT Association welcomes the inclusion of Spear REIT, Dipula Properties and Octodec Investments in the FTSE and JSE All Property Index, ALPI, as well as the SA REIT Index, effective 23 March 2026 following the JSE’s latest index review published via the stock exchange news service on 4 March.
This inclusion is a meaningful milestone for all three SA REIT Association members. It reflects the growing depth of South Africa’s real estate investment trust universe. In addition, it creates a more representative benchmark for investors across listed property strategies, including index-tracking and specialist REIT funds.
The JSE’s property indices play an important role in how listed property performance is measured, compared and communicated across the market. A broader and more investable benchmark helps strengthen price discovery and trading efficiency over time, while supporting clearer sector-level analysis for advisers, asset managers and institutional investors.
Index inclusion is also a practical signal that eligibility requirements such as liquidity and free-float thresholds have been met, reinforcing investor confidence in the reliability and replicability of these benchmarks.
“We congratulate Spear REIT, Dipula Properties and Octodec Investments on their inclusion in the ALPI and the SA REIT Index. This is a positive development for each business and for the REIT property sector as a whole. It strengthens the breadth of the benchmark and it highlights the ongoing momentum within the South African REIT market,” said Joanne Solomon, Chief Executive Officer of the SA REIT Association.
While index changes do not alter a company’s underlying fundamentals, index membership can enhance visibility within the institutional investment ecosystem and support more consistent peer comparison across the sector, particularly where mandates reference these indices as part of benchmark selection and risk management frameworks.
The SA REIT Association will continue to engage with market stakeholders to support a credible, transparent and investable listed property marketplace that strengthens the long-term appeal of the South African REIT sector.

























































