Dow Jones Indexes Adds Healthcare REITs

NEW YORK CITY-Dow Jones Indexes, a leading global index provider, and Wilshire Associates, a global leader in investment technology, investment consulting and investment management, added healthcare REITs to the Dow Jones Wilshire Global Real Estate and Dow Jones Wilshire Global Real Estate Securities Index. The change will become effective in September and applies to the US versions of the indexes as well.

To be added, a healthcare REIT must meet the Indexes’ minimum market capitalization requirement of $200 million. It must also derive more than 75% of its revenues from the ownership of income-producing real estate. Wilshire Associates were unable to be reached by press time.

Robert Waid, a VP of Wilshire Associates, who heads up Wilshire Equity Analytic’s research for the Dow Jones Wilshire Index family, tells GlobeSt.com that they have looked at healthcare REITs for sometime now. “About a year ago, I recommended that we add a healthcare REIT and now was just the right time,” he explains.