BY: Sarah Mulholland
Real estate investment trusts are preparing for a surge of attention as they get their own grouping in major U.S. stock indexes. Their first task: educating investors who have no idea how to evaluate the industry.
The companies — which own properties such as apartment complexes, hotels, office towers and shopping malls — are tweaking their disclosures, adding glossaries to their earnings statements and reaching out to investors to break free of the reputation of REITs as a quirky niche. The new industry classifications, which take effect in September, will separate real estate stocks from financials and make them their own category. [Read More]