From Horan Capital Advisors Blog,
http://disciplinedinvesting.blogspot.com/2014/11/reits-will-be-separate-gics-sector.html
Earlier this week S&P Dow Jones Indices, along with MSCI, announced real estate investment trusts (REITs) will be separated into their own sector under the Global Industry Classification Standard (GICS®). The current REITs contained within the S&P 500 Index are noted in the below spreadsheet.
This change will increase the number of GICS sectors to eleven from the current ten. In a post on S&P’s website they note,
“Real Estate, previously part of the GICS financial sector, will be the 11th sector while the financials will now be limited to financial services such as banking, insurance or exchanges. This is the first time since GICS was launched in 1999 that a new sector is being added.”
The changes to the indices are anticipated to be implemented after the market close on August 31, 2016; however, final details will be announced by March 13, 2015.
1
|
Ticker | Name |
---|---|---|
2
|
AIV | APARTMENT INVT & MGMT CO |
3
|
AMT | AMERICAN TOWER REIT |
4
|
AVB | AVALONBAY COMMUNITIES INC |
5
|
BXP | BOSTON PROPERTIES INC |
6
|
CBG | CBRE GROUP INC CL A |
7
|
CC | CROWN CASTLE INTL CORP |
8
|
EQR | EQUITY RESIDENTIAL |
9
|
ESS | ESSEX PPTY TRUST INC |
10
|
GGP | GENERAL GROWTH PROPERTIES INC |
11
|
HCN | HEALTH CARE REIT INC |
12
|
HCP | HCP INC |
13
|
HST | HOST HOTEL & RESORTS INC. |
14
|
IRM | IRON MOUNTAIN INC (DE) |
15
|
KIM | KIMCO REALTY CORP |
16
|
MAC | MACERICH CO |
17
|
PCL | PLUM CREEK TIMBER CO INC |
18
|
PLD | PROLOGIS INC |
19
|
PSA | PUBLIC STORAGE |
20
|
SPG | SIMON PROPERTY GROUP INC |
21
|
VNO | VORNADO REALTY TRUST |
22
|
VTR | VENTAS INC |
23
|
WY | WEYERHAEUSER CO |
Tags: Global Industry Classification Standard, new sector added in S&P GICS, real estate companies, REITS, S&P REITs, S&P separates real estate companies from financial companies