STAG Industrial added to the MSCI US Reit Index
STAG Industrial is to be added to the MSCI US Reit Index on 3 December as a result of the MSCI's semi-annual equity index review.
The MSCI US Reit Index is a free float market capitalization weighted index that is comprised of equity Reits securities that belong to the MSCI US Investable Market 2500 Index.
The index includes only Reit securities that are of reasonable size in terms of full and free float-adjusted market capitalisation to ensure that the performance of the equity Reit universe can be captured and replicated in actual institutional and retail portfolios of different sizes.
"We are very pleased with our inclusion in this important index," says Ben Butcher, chairman, chief executive and president STAG Industrial. "This action by MSCI recognises the position of STAG among the best of the Reit industry. We look forward to the added exposure and recognition that will likely result from inclusion in this index."
The announcement of the results of MSCI's semi-annual review was released on 14 November and amended yesterday for the inclusion of STAG Industrial.