MSCI US REIT INDEX FEBRUARY 2006 QUARTERLY INDEX REVIEW
Princeton, February 13, 2006. MSCI Barra, a leading provider of benchmark indices and risk management
analytics products, announced today changes to the MSCI US REIT Index that will be effective as of theclose of February 28, 2006. These changes result from the February 2006 Quarterly Index Review.
There will be no additions to or deletions from the MSCI US REIT Index. A total of 87 securities will haveupdates in their number of shares, six of which will be in excess of 5% of the security’s total shares
outstanding. There will be no changes to the Domestic Inclusion Factors (DIFs) of the constituents in theMSCI US REIT Index.
The MSCI US REIT Index is comprised of Equity REITs securities that belong to the MSCI US Investable
Market 2500 Index. The MSCI US REIT Index, in conjunction with the MSCI US Equity Indices, is partiallyreviewed at the end of each February and August (Quarterly Index Reviews). There are no new additions toor deletions from the MSCI US REIT Index during the Quarterly Index Reviews. However, a deletion oraddition may arise due to a corporate event or early inclusion coinciding with the Quarterly Index Review orfrom corrections to the MSCI US REIT Index eligible universe.
In addition, the outcome of the 2005 Global Industry Classification Standard (GICS) consultation wasannounced in November 2005. Changes to the Real Estate Industry Group include discontinuing the Real
Estate Industry and creating two new Industries, with the promotion of the Real Estate Investment Trusts
and Real Estate Management & Development Sub-Industries to Industry status.
The new Real Estate Investment Trusts Industry will see the creation of seven new Sub-Industries –Diversified REITs, Industrial REITs, Mortgage REITs, Office REITs, Residential REITs, Retail REITs andSpecialized REITs. Effective May 1, 2006, the MSCI US REIT Index security level product file will
incorporate the new GICS sub-industry codes. The complete press release on the revisions to the GICS
structure can be found on MSCI’s website at www.msci.com/index.html.
The results of the February 2006 Quarterly Index Review for the MSCI US Equity Indices, MSCI StandardIndex Series, the MSCI Small Cap Indices, the MSCI Global Value and Growth Index Series, the MSCI PanEuro and Euro Indices, the MSCI Kokunai Japan Equity Indices, as well as the MSCI China A Index havealso been posted on MSCI’s web site at www.msci.com.
About MSCI Barra
MSCI (www.msci.com) develops and maintains equity, fixed income, multi-asset class, REIT and hedge fundindices that serve as the benchmark for an estimated USD 3 trillion on a worldwide basis. In 2004 MSCI
acquired Barra, Inc. (“Barra”). Barra analytics (www.barra.com) help the world’s largest investors analyze,
measure and manage portfolio and firm-wide investment risk. MSCI Barra is headquartered in New York,with research and commercial offices around the world. Morgan Stanley, a global financial services firm and a______________________________________________________________________________________________________--1 of 2--

market leader in securities, asset management, and credit services, is the majority shareholder of MSCI, andCapital Group International, Inc. is the minority shareholder. MSCI Barra is a service mark of Morgan Stanley
Capital International Inc. (“MSCI” or “MSCI Barra”).
###For further information on MSCI indices or MSCI data, please visit our web site at www.msci.com orfor Barra products, please visit our web site at www.barra.com
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Aatish Suchak, MSCI Barra, London
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strategy, and MSCI does not endorse, approve or otherwise express any opinion regarding any issuer, securities,
financial instruments or products or trading strategies that may be described or mentioned herein. Further, none of theInformation is intended to constitute investment advice or a recommendation to make (or refrain from making) any kindof investment decision and may not be relied on as such. The user of the Information assumes the entire risk of any use
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Global Industry Classification Standard (GICS) was developed by and is the exclusive property of MSCI and Standard &Poor’s. “Global Industry Classification Standard (GICS)” is a service mark of MSCI and Standard & Poor’s.

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