REIT to Replace First Indiana in SmallCap 600

Published December 21, 2007, 3:00 p.m. EST

1 Min Read

Standard & Poor's has announced that Extra Space Storage Inc., a real estate investment trust specializing in self-storage properties, will replace First Indiana Corp. in the S&P SmallCap 600 index after the close of trading Dec. 31.The REIT, a constituent of the S&P REIT Composite Index, is based in Salt Lake City. The reason for the change is that First Indiana is being acquired by Marshall & Ilsley, a component of the S&P 500. S&P can be found online at http://www.standardandpoors.com.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM NATIONAL MORTGAGE NEWS

Legal issues and news

Freedom accuses former executive of stealing trade secrets

Freedom alleged the executive, who was at the company for nine months, used proprietary data to build his own product he expected to net more than $1 million.

By Spencer Lee
Technology Reporter

1h ago
Refinance

Many borrowers still want to refinance their homes

Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments

By Nazeefa Ahmed

2h ago
Housing

Housing bill sails through Senate, cruising toward passage

The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.

By Claire Williams
Reporter

June 22
Artificial Intelligence

AI-mortgage broker Ralo opens, raises $2.9M of capital

Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.

By Brad Finkelstein
Originations Editor

June 22
Mortgages

Some want Basel changes for certain non-QM and HLTV loans

Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.

By Bonnie Sinnock
Capital Markets Editor

June 22
Obituaries

Former FDIC Chair William Isaac Dies at 82

William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.

By Ebrima Santos Sanneh
Reporter

June 22

Load More