Global Industry Classification Standard (GICS) - Real Estate Sector
60 Real Estate
The Real Estate sector contains businesses related to property, including those that own, manage, and develop property and those that facilitate property transactions.
The Global Industry Classification Standard (GICS) is a widely accepted standard used by the global financial community for classifying companies into sectors and industries. It was developed by Morgan Stanley Capital International (MSCI) and Standard & Poor's (S&P), aiming to provide a comprehensive, consistent framework for investment research, portfolio management, and asset allocation.
6010 Equity Real Estate Investment Trusts (REITs)
Equity REITs are firms that own, manage, and rent income-generating real estate properties. They distribute the majority of their income to shareholders and enjoy tax advantages.
601010 Diversified REITs
Diversified REITs are equity REITs that own and manage a mix of different types of properties, from commercial and industrial properties to residential units.
60101010 Diversified REITs
This category pertains to those diversified REITs which do not concentrate on one specific type of property but hold a portfolio of different property types.
601025 Industrial REITs
Industrial REITs focus on industrial properties, such as warehouses, distribution centers, and factories.
60102510 Industrial REITs
These are REITs that own and manage properties that host industrial operations.
You can access a free, interactive version of this Global Industry Classification Standard (GICS) - Real Estate hierarchy chart that includes panning and zooming to explore the details.
This chart is made with Lexchart for automatic organization charts.
601030 Hotel & Resort REITs
Hotel & Resort REITs primarily own and manage hospitality properties, such as hotels, motels, and resorts.
60103010 Hotel & Resort REITs
These REITs focus on the hospitality industry, owning and managing properties that provide accommodation and associated services.
601040 Office REITs
Office REITs focus on commercial properties, such as office buildings and business parks.
60104010 Office REITs
These REITs specialize in owning, managing, and renting office spaces to businesses.
601050 Health Care REITs
Health Care REITs own and manage properties related to the healthcare sector, such as hospitals, medical centers, and senior living facilities.
60105010 Health Care REITs
These REITs invest in real estate properties associated with the provision of healthcare services.
601060 Residential REITs
Residential REITs focus on residential properties, from single-family homes to large apartment complexes.
60106010 Multi-Family Residential REITs
These REITs specialize in multi-family residential properties, such as apartment buildings and condominiums.
60106020 Single-Family Residential REITs
Single-Family Residential REITs specialize in owning, managing, and renting individual houses.
601070 Retail REITs
Retail REITs own and manage retail properties, such as shopping centers, malls, and standalone stores.
60107010 Retail REITs
These REITs focus on the retail sector, owning, and managing properties that host retail operations.
601080 Specialized REITs
Specialized REITs own and manage properties of a particular type that doesn't fit into the other categories, such as self-storage facilities, telecommunications towers, timberlands, and data centers.
60108010 Other Specialized REITs
This category encompasses REITs that manage niche properties not covered by other categories.
60108020 Self-Storage REITs
Self-Storage REITs own and manage storage facilities where individuals and businesses can rent space.
60108030 Telecom Tower REITs
Telecom Tower REITs own and manage telecommunication towers, leasing space on these towers to telecom companies.
60108040 Timber REITs
Timber REITs own and manage forested land, profiting from the sale of timber.
60108050 Data Center REITs
Data Center REITs own and manage properties that host data centers, critical infrastructure for digital services.
6020 Real Estate Management & Development
Real Estate Management & Development companies manage and develop properties. This category also includes real estate services companies.
602010 Real Estate Management & Development
These companies provide real estate management and development services, which may include anything from property management to large-scale property development projects.
60201010 Diversified Real Estate Activities
Companies in this category engage in a range of real estate activities, including ownership, management, development, and related services.
60201020 Real Estate Operating Companies
Real Estate Operating Companies own and manage properties, but unlike REITs, they reinvest their income into business operations rather than distributing it to shareholders.
60201030 Real Estate Development
Real Estate Development companies primarily engage in the development of properties, transforming land into residential, commercial, or industrial properties.
60201040 Real Estate Services
Real Estate Services companies facilitate real estate transactions and offer services such as brokerage, appraisal, property management, and consulting.
Conclusion
The Real Estate sector, according to the Global Industry Classification Standard (GICS), offers a comprehensive understanding of the property market's dynamics and diversification.
With categories ranging from diversified and specialized Real Estate Investment Trusts (REITs) to Real Estate Management & Development, GICS provides an intricate and well-structured classification that caters to a multitude of real estate activities. Each specific category denotes a distinctive real estate facet, allowing for focused analysis and comprehensive coverage of the property market.