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S&P inclusion of REITs marks 25 years

Nareit says REIT market capitalization has risen from $147 billion at the end of 2000 to $1.5 trillion today, with 28 public REITs listed in the S&P 500.

Reported · Written up by our desk · REITs

Nareit marks 25 years since Standard and Poor’s changed its policy to include REITs in its indexes, a shift that Nareit says helped reshape investor perception of the sector.

The outlet says S&P had excluded REITs, including from the S&P 500, S&P MidCap 400, and S&P SmallCap 600, before the policy change in October 2001.

Nareit adds that Sam Zell’s Equity Office Properties Trust became the first REIT to join the S&P 500 that same month, followed by Equity Residential in December 2001.

Over the past 25 years, Nareit reports that REIT market capitalization has grown 10-fold from $147 billion at the end of 2000 to $1.5 trillion today, with 28 public REITs now listed on the S&P 500.

Latest closeS&P 500 7,765.36 ▼0.5%

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