The Real Estate Sector will be the first newly added sector to the GICS since it was introduced to the S&P Dow Jones in 1999.
In September, the real estate companies in the financial sector will be evaluated and reclassified. NAREIT Research and Investor Outreach EVP Michael Grupe tells Bisnow about 97% of the new sector’s equity market cap will come from equity REITs. He says the sector is likely to be the catalyst for significant, positive developments in the stock exchange-listed REIT market.
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