Listed property companies are unique in their business focus on property assets and their payment of income rather than dividends.  FTSE/JSE offers several indices which only include property companies.

Index Details

The FTSE/JSE Tradable Property Index consists of the FTSE/JSE Large & Mid Cap Index constituents of the FTSE/JSE All Property Index, which belong to the ICB Real Estate Industry (35)
Name  Tradable Property
Index Code           J800
Alpha Code PROP
Index Category Property
Universe Large & Mid Cap (J206)
Fixed No. of Companies No, but minimum of 10 constituents
Liquidity Screening             Yes
Free Float Screening Minimum of 5%. 
Other Screening Companies listed in the Real Estate Industry (35) Super Sector in the Large & Mid Cap unless there are 10 property companies, in that case, the remaining companies will be selected from the Small Cap until the number reaches 10
Weighting Methodology SWIX Free Float Market Capitalisation
Ranking Methodology Ranked by gross market cap
Capping Methodology 15% quarterly
Index Review Semi-annually in March and September
Buffer Size            N/A
Dissemination 15 seconds
Live Date               2017/10/02
The FTSE/JSE All Property Index consists of all constituents of the FTSE/JSE Shareholder Weighted All Share Index which belong to the ICB Real Estate Industry (35).
Name  All Property
Index Code           J803
Alpha Code ALPI
Index Category Property
Universe SWIX All Share Index(J403)
Fixed No. of Companies No
Liquidity Screening             Yes
Free Float Screening Minimum of 5%. 
Other Screening N/A
Weighting Methodology SWIX Free Float Market Capitalisation
Ranking Methodology Ranked by gross market cap
Capping Methodology 15% quarterly
Index Review Semi-annually in March and September
Buffer Size            N/A
Dissemination 15 seconds
Live Date               2017/10/02
The FTSE/JSE SA REIT Index consists of FTSE/JSE All Share Index constituents designated as a South African REIT.
Name  SA REIT
Index Code           J805
Alpha Code REIT
Index Category Property
Universe All Share Index (J203)
Fixed No. of Companies No
Liquidity Screening             Yes
Free Float Screening Minimum of 5%. 
Other Screening Companies classified as SA REIT
Weighting Methodology SWIX Free Float Market Cap
Ranking Methodology Gross Market Cap
Capping Methodology 15% quarterly
Index Review Semi-annually in March and September
Buffer Size            N/A
Dissemination 15 seconds
Live Date               2017/10/02

The SA Listed Property Index comprises the top 20 liquid companies, by full market cap, in the ICB Real Estate Industry (35) with a primary listing on the JSE.

Name  SA Listed Property
Index Code           J253
Alpha Code SAPY
Index Category Property
Universe All Share Index (J203)
Fixed No. of Companies 20
Liquidity Screening             Yes
Free Float Screening Minimum of 5%. 
Other Screening Companies that have a primary listing on the JSE and are listed in the Real Estate Industry (35)
Weighting Methodology Free Float Market Cap
Ranking Methodology Ranked by gross market cap
Capping Methodology 15% quarterly
Index Review Quarterly in March, June, September and December
Buffer Size            3
Dissemination 60 seconds
Live Date               2004/06/01
The Capped Property Index comprises the top 20 liquid companies, by full market cap, in the ICB Real Estate Industry (35), capped at 15% at each quarterly review.
Name  Capped Property
Index Code           J254
Alpha Code PCAP
Index Category Property
Universe All Share Index (J203)
Fixed No. of Companies 20
Liquidity Screening             Yes
Free Float Screening Minimum of 5%. 
Other Screening Companies that are listed in the Real Estate Industry (35) on the JSE
Weighting Methodology Free Float Market Cap Weighted
Ranking Methodology Ranked by gross market cap
Capping Methodology 15% quarterly
Index Review Quarterly in March, June, September and December
Buffer Size            3
Dissemination 60 seconds
Live Date               2004/06/01