C
US Commercial Real Estate Titans Index

USCRE

$USCRE

Index Performance

+8.69%
USCRE
+10.97%
TMLARGE

Overview

Description

The performance and activities of the largest commercial real estate developers in the US are intimately tied to both the macroeconomic environment and sector-specific trends. Key drivers of this theme include interest rate fluctuations, which affect borrowing costs for development projects; demographic shifts that influence where and how Americans live and work; urbanization trends; changes in retail behavior such as the rise of e-commerce; infrastructure spending; the availability of investment credit; and zoning laws. These developers also face the challenges posed by the COVID-19 pandemic, which has accelerated trends towards remote work and increased the demand for logistics centers over traditional office spaces. The capacity of these developers to adapt to sustainability and green building practices also plays into their competitive edge and long-term viability, as there is a growing demand for energy-efficient and environmentally friendly construction. Investable subcategories within the theme of the largest commercial real estate developers in the US encompass a range of asset types and services related to the development process. These include [[Commercial Real Estate Investment Trusts (REITs)]], which offer investors the chance to engage in a diversified portfolio of real estate assets without directly owning property. Another subcategory is [[Construction & Engineering Services]], which provides the expertise and labor necessary for the development of commercial infrastructure. The area of [[Building Materials & Fixtures]] represents companies providing the necessary raw materials and finished products for construction. We also see potential in subcategories like [[Architectural & Design Services]], reflecting the creativity and planning phase of commercial real estate development, and [[Real Estate Operating Companies]], which manage the properties post-construction. Subcategories like [[Green Building & Sustainability Services]] and [[Smart Building Technology]] cater to the growing demand for environmental sustainability and technological integration in commercial real estate, offering new opportunities for future-focused investments. This index was generated with help from Thematic Analyst.

  • TickerUSCRE
  • Inception Date12/05/2023
  • WeightingEqual
  • # of holdings32
What's inside?

Holdings

All holdings as of February 28, 2024
CSV download
Newmark Group, Inc. (NMRK)3.51%$1.59B-5.01%N/A1.34
Terreno Realty Corp. (TRNO)3.40%$5.59B17.15%52.93%18.28
Macerich Co. (MAC)3.40%$3.53B2.66%23.16%8.66
AMREP Corp. (AXR)3.38%$111.38M-45.17%29.33%1.65
Jones Lang LaSalle, Inc. (JLL)3.36%$8.81B-1.03%98.85%0.56
Prologis, Inc. (PLD)3.34%$123.92B34.31%43.97%20.69
CBRE Group, Inc. (CBRE)3.32%$27.88B3.64%17.77%1.05
First Industrial Realty Trust, Inc. (FR)3.31%$7.00B13.72%45.89%15.06
NetSTREIT Corp. (NTST)3.24%$1.23B37.05%39.05%13.36
Apartment Investment & Management Co. (AIV)3.22%$1.05B-1.76%23.77%13.38
Tejon Ranch Co. (TRC)3.22%$434.70M-67.56%23.04%9.25
EastGroup Properties, Inc. (EGP)3.22%$8.49B17.44%43.17%17.45
AvalonBay Communities, Inc. (AVB)3.15%$25.05B7.04%36.09%12.08
Alexandria Real Estate Equities, Inc. (ARE)3.13%$21.24B11.46%32.33%12.88
American Assets Trust, Inc. (AAT)3.11%$1.29B4.38%35.75%6.70
Alexander & Baldwin, Inc. (ALEX)3.07%$1.21B-45.99%46.86%7.61
Urban Edge Properties (UE)3.07%$2.00B4.77%38.82%9.61
Cushman & Wakefield Plc (CWK)3.06%$2.23B-6.06%15.87%0.55
American Tower Corp. (AMT)3.06%$90.36B4.04%43.05%13.69
Regency Centers Corp. (REG)3.05%$11.25B8.79%45.04%13.22
Saul Centers, Inc. (BFS)3.04%$856.71M5.33%53.94%9.85
Grocery Outlet Holding Corp. (GO)3.03%$2.60B10.94%31.28%1.01
Agree Realty Corp. (ADC)3.02%$5.56B25.05%55.41%16.07
JBG SMITH Properties (JBGS)3.01%$1.50B-0.27%31.82%7.76
Walker & Dunlop, Inc. (WD)3.01%$3.18B-14.88%74.85%4.31
Boston Properties, Inc. (BXP)3.01%$10.02B5.26%36.93%8.66
Alpine Income Property Trust, Inc. (PINE)2.97%$207.95M0.98%19.61%12.19
Marcus & Millichap, Inc. (MMI)2.96%$1.39B-50.37%34.94%2.22
American Strategic Investment Co. (NYC)2.95%$16.71M1.09%-6.84%7.22
W.P. Carey, Inc. (WPC)2.89%$12.16B17.73%54.28%12.43
Piedmont Office Realty Trust, Inc. (PDM)2.78%$746.52M3.99%20.91%5.84
Vornado Realty Trust (VNO)2.71%$4.76B0.62%26.05%8.39
Market data by FactSet