Skip Ribbon Commands
Skip to main content

GICS validates the importance of real estate in today’s public equity markets, making it a standalone sector. What will the impact be on real estate investment?

​​​​​​​​​​​​The Global Industry Classification Standard (GICS), used by investment professionals to classify and analyze public companies and securities, has historically lumped real estate securities into the financials sector alongside banks, diversified financials and insurance in its key indices. 

Effective September 2016, real estate broke into its own sector, now including equity real estate investment trusts (REITs) and real estate ma​​​nagement and development companies. The promotion of real estate to its own headline is an affirmation of the increasing size and importance of the industry in today’s public equity markets and is expected to have a broad impact on real estate securities and portfolio planning.​​​ ​​

Download our GICS reclassification white paper​​​​​.​

Our take on the reclassification​​​

 ​For timely answers to critical questions, please contact our experts​

Sean Coghlan

Senior Director, Research

United States

Email me

Ronak Sheth

Research Analyst

United States

Email me