RDMREV
Index Performance
Overview
Description
The goal of the RDM US REITs Proximity to Manufacturing Revitalization (RDMREV) Index is to capture REITs whose portfolios will benefit from the revitalization of US manufacturing related to provisions/incentives in the CHIPS and Science Act, Infrastructure Bill and Inflation Reduction Act (IRA). Specifically, Michigan, Kentucky, Tennessee, Arizona and Texas are assessed to receive oversize benefit from legislation and thus this index targets REITs with outsized proportion of their portfolio (compared to mean) in these 5 states. Rules 1) Classified as an equity REIT and listed on a major US Exchange 2) % of REIT portfolio must exceed industry mean in at least 3 of the 5 states 3) Covered within the Thematic Universe Property data and geospatial analytics are available on Snowflake. https://app.snowflake.com/marketplace/listing/GZ2FQZOPKR4/reit-data-market-reit-geospatial-analytics
- TickerRDMREV
- Inception Date10/17/2023
- WeightingEqual
- # of holdings10
What's inside?
Holdings
All holdings as of May 15, 2024
| NexPoint Residential Trust, Inc. (NXRT) | 11.73% | $919.14M | -2.38% | 21.00% | 8.11 |
| Healthpeak Properties, Inc. (Old) (PEAK) | 11.21% | $14.25B | 15.39% | 23.68% | 9.34 |
| Independence Realty Trust, Inc. (IRT) | 10.67% | $3.84B | -0.52% | 24.51% | 9.10 |
| Omega Healthcare Investors, Inc. (OHI) | 9.75% | $7.63B | 10.53% | 68.14% | 13.17 |
| Brixmor Property Group, Inc. (BRX) | 9.74% | $6.68B | 2.82% | 46.98% | 9.65 |
| American Homes 4 Rent (AMH) | 9.71% | $13.19B | 6.04% | 29.43% | 11.05 |
| CoreCivic, Inc. (CXW) | 9.58% | $1.69B | 9.32% | 18.15% | 1.41 |
| LXP Industrial Trust (LXP) | 9.56% | $2.58B | 1.38% | 27.31% | 12.16 |
| Summit Hotel Properties, Inc. (INN) | 9.31% | $663.22M | 3.16% | 16.86% | 3.48 |
| Apple Hospitality REIT, Inc. (APLE) | 8.74% | $3.58B | 5.80% | 19.55% | 4.07 |