Adelante Shares(TM) LLC Announces Quarterly Rebalancing of the:

June 17, 2008 1:26 PM EDT

OAKLAND, Calif., June 17 /PRNewswire/ -- Adelante Shares(TM) LLC, a series of seven real estate securities related indexes, today announced it has been informed by Standard & Poor's, the calculating agent for the Adelante Shares(TM) Indexes, that Standard & Poor's has performed the quarterly rebalancing of the Indexes.

The following securities will be added and deleted in the respective Indexes effective before the opening of trading on the NYSE Arca June 23, 2008. All securities in the indexes will be equally weighted based on their June 13, 2008 closing prices. As part of the rebalancing, the following changes represent the additions and deletions to the Indexes:

    -- Adelante Shares RE Classics Index added Pennsylvania Real Estate
       Investment Trust (NYSE: PEI) and deleted SL Green Realty Corp.
       (NYSE: SLG).

    -- Adelante Shares RE Growth Index added American Campus Communities, Inc.
       (NYSE: ACC), Vornado Realty Trust (NYSE: VNO), First Potomac Realty
       Trust (NYSE: FPO), Douglas Emmett, Inc. (NYSE: DEI), Digital Realty
       Trust, Inc. (NYSE: DLR), Kilroy Realty Corporation (NYSE: KRC), The
       Macerich Company (NYSE: MAC), Getty Realty Corp. (NYSE: GTY), AvalonBay
       Communities, Inc. (NYSE: AVB), BRE Properties Inc. (NYSE: BRE), Senior
       Housing Properties Trust (NYSE: SNH), ProLogis (NYSE: PLD), Mid-America
       Apartment Communities, Inc. (NYSE: MAA) and deleted Hospitality
       Properties Trust (NYSE: HPT), PS Business Parks, Inc. (Amex: PSB),
       CapLease, Inc. (NYSE: LSE), Equity Lifestyle Properties, Inc.
       (NYSE: ELS), First Industrial Realty Trust, Inc. (NYSE: FR), Federal
       Realty Investment Trust (NYSE: FRT), Health Care REIT, Inc.
       (NYSE: HCN), DiamondRock Hospitality Co. (NYSE: DRH), Host Hotels &
       Resorts, Inc. (NYSE: HST), Brookfield Properties Corporation
       (NYSE: BPO), Equity Residential (NYSE: EQR), Sunstone Hotel Investors,
       Inc. (NYSE: SHO), FelCor Lodging Trust Incorporated (NYSE: FCH).

    -- Adelante Shares RE Kings Index added Ventas, Inc. (NYSE: VTR),
       EastGroup Properties, Inc. (NYSE: EGP), LaSalle Hotel Properties
       (NYSE: LHO), Federal Realty Investment Trust (NYSE: FRT) and deleted
       DiamondRock Hospitality Co. (NYSE: DRH), General Growth Properties,
       Inc. (NYSE: GGP), Digital Realty Trust, Inc. (NYSE: DLR), FelCor
       Lodging Trust Incorporated (NYSE: FCH).

    -- Adelante Shares RE Shelter Index added LaSalle Hotel Properties
       (NYSE: LHO) and deleted Sun Communities, Inc. (NYSE: SUI).

    -- Adelante Shares RE Value Index added FelCor Lodging Trust Incorporated
       (NYSE: FCH), Alexander's Inc. (NYSE: ALX), Post Properties, Inc.
       (NYSE: PPS), Washington Real Estate Investment Trust (NYSE: WRE), SL
       Green Realty Corp. (NYSE: SLG), Sun Communities, Inc. (NYSE: SUI),
       Regency Centers Corporation (NYSE: REG), Winthrop Realty Trust
       (NYSE: FUR), Omega Healthcare Investors, Inc. (NYSE: OHI), DCT
       Industrial Trust, Inc. (NYSE: DCT), Developers Diversified Realty
       Corporation (NYSE: DDR), Investors Real Estate Trust (Nasdaq: IRETS),
       DiamondRock Hospitality Co. (NYSE: DRH), Parkway Properties, Inc.
       (NYSE: PKY), Duke Realty Corporation (NYSE: DRE), Ashford Hospitality
       Trust, Inc. (NYSE: AHT), and deleted Maguire Properties, Inc.
       (NYSE: MPG), ProLogis (NYSE: PLD), Lexington Realty Trust (NYSE: LXP),
       CBL & Associates Properties, Inc. (NYSE: CBL), Vornado Realty Trust
       (NYSE: VNO), Senior Housing Properties Trust (NYSE: SNH), Pennsylvania
       Real Estate Investment Trust (NYSE: PEI), HRPT Properties Trust
       (NYSE: HRP), Acadia Realty Trust (NYSE: AKR), Brandywine Realty Trust
       (NYSE: BDN), UDR, Inc. (NYSE: UDR), National Retail Properties, Inc.
       (NYSE: NNN), LTC Properties, Inc. (NYSE: LTC), Universal Health Realty
       Income Trust (NYSE: UHT), Ramco-Gershenson Properties Trust
       (NYSE: RPT), Apartment Investment and Management Company (NYSE: AIV).

    -- Adelante Shares RE Yield Plus Index added LaSalle Hotel Properties
       (NYSE: LHO), ProLogis (NYSE: PLD) and deleted FelCor Lodging Trust
       Incorporated (NYSE: FCH), Potlatch Corporation (NYSE: PCH).

    -- Adelante Shares RE Composite Index added Vornado Realty Trust
       (NYSE: VNO), Ventas, Inc. (NYSE: VTR), SL Green Realty Corp.
       (NYSE: SLG), Regency Centers Corporation (NYSE: REG), Douglas Emmett,
       Inc. (NYSE: DEI), Digital Realty Trust, Inc. (NYSE: DLR), Kilroy Realty
       Corporation (NYSE: KRC), Post Properties, Inc. (NYSE: PPS), Washington
       Real Estate Investment Trust (NYSE: WRE), LaSalle Hotel Properties
       (NYSE: LHO), Equity Lifestyle Properties, Inc. (NYSE: ELS) and deleted
       HCP, Inc. (NYSE: HCP), Rayonier Inc. (NYSE: RYN), Health Care REIT,
       Inc. (NYSE: HCN), Weingarten Realty Investors (NYSE: WRI), Corporate
       Office Properties Trust (NYSE: OFC), Potlatch Corporation (NYSE: PCH),
       DiamondRock Hospitality Co. (NYSE: DRH), MI Developments Inc.
       (NYSE: MIM), Sunstone Hotel Investors, Inc. (NYSE: SHO), Maguire
       Properties, Inc. (NYSE: MPG), Healthcare Realty Trust, Inc. (NYSE: HR).

About Adelante Shares LLC

The Adelante Shares Indexes were created by Adelante Shares LLC, whose Managing Director, Michael A. Torres, created one of the principal real estate securities indexes in 1991. Mr. Torres also serves as Chief Executive Officer of Adelante Capital Management LLC, a separate affiliate of Adelante Shares LLC that provides investment advisory services regarding real estate securities but is not involved with the Indexes. To develop each Index, Adelante Shares LLC used its own proprietary model to establish specific, defined characterization/inclusion/exclusion criteria that an issuer must meet in order to be included in that Index. Each Index is comprised of 25 stocks, except the Composite which tracks 40 stocks. For more information, visit the website www.adelanteshares.com.

SOURCE Adelante Shares LLC

Related Categories

Press Releases

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?