NEW YORK, July 11, 2017 /PRNewswire/ -- JBG SMITH
Properties (NYSE: JBGS) will replace Chico's FAS Inc. (NYSE: CHS)
in the S&P MidCap 400, and Chico's FAS will replace Stein Mart
Inc. (NASD: SMRT) in the S&P SmallCap 600 effective prior to
the open on Wednesday, July 19.
S&P 500 constituent Vornado Realty Trust (NYSE: VNO) is
spinning off JBG SMITH Properties in a transaction expected to be
completed prior to the open on Tuesday, July
18, pending final conditions. Post spin-off, Vornado Realty
will remain in the S&P 500. Chico's FAS is ranked near the
bottom of the S&P MidCap 400 and is more representative of the
small-cap market space. Stein Mart
is ranked at the bottom of the S&P SmallCap 600 and no longer
representative of the small-cap market space.
JBG SMITH Properties will be a publicly traded Real Estate
Investment Trust (REIT) focused on residential, office, retail, and
mixed-use properties in the Washington,
DC market. Headquartered in Arlington, VA, the company will be added to
the S&P MidCap 400 GICS (Global Industry Classification
Standard) Office REITs Sub-Industry index.
Chico's FAS operates as an omni-channel specialty retailer.
Headquartered in Fort Myers, FL,
the company will be added to the S&P SmallCap 600 GICS Apparel
Retail Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – July 18, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
JBG SMITH
Properties
|
Real
Estate
|
Office
REITs
|
DELETED
|
Chico's
FAS
|
Consumer
Discretionary
|
Apparel
Retail
|
S&P SmallCap
600 INDEX – July 18, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Chico's
FAS
|
Consumer
Discretionary
|
Apparel
Retail
|
DELETED
|
Stein Mart
|
Consumer
Discretionary
|
Apparel
Retail
|
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visit www.spdji.com
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