Cohen & Steers Announces Changes to Realty Indexes

Rhea-AI Summary

Cohen & Steers, Inc. (NYSE: CNS) has announced changes to its Global Realty Majors Portfolio Index (GRM) and International Realty Majors Portfolio Index (IRP), effective August 16, 2024. The updates include the addition of Stockland and KDX Realty Investment Corp., while removing Mirvac Group and Orix JREIT Inc. from both indexes. These indexes are free-float adjusted, modified market capitalization-weighted total return indexes of selected real estate equity securities, quoted intraday on a real-time basis by the Chicago Mercantile Exchange. The indexes employ a qualitative screening process to emphasize companies that Cohen & Steers believes are leading the global real estate securitization. They can be used for various purposes, including indexing benchmarks, stock selection universes, and performance benchmarks.

Positive

• Proactive management of realty indexes to reflect current market conditions
• Potential for improved index performance with the addition of new components
• Maintenance of index relevance in the global real estate market

Negative

• None.

NEW YORK, Aug. 9, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today pending changes to its Global Realty Majors Portfolio Index (GRM) and International Realty Majors Portfolio Index (IRP), effective as of the close of business on August 16, 2024.

Cohen & Steers Global Realty Majors Portfolio Index (GRM)
Added component (symbol)	Removed component (symbol)
Stockland Corporation Ltd. (SGP.AU)	Mirvac Group (MGR.AU)
KDX Realty Investment Corp. (8972.JP)	Orix JREIT Inc. (8954.JP)

 

Cohen & Steers International Realty Majors Portfolio Index (IRP)
Added component (symbol)	Removed component (symbol)
Stockland Corporation Ltd. (SGP.AU)	Mirvac Group (MGR.AU)
KDX Realty Investment Corp. (8972.JP)	Orix JREIT Inc. (8954.JP)

These free-float adjusted, modified market capitalization-weighted total return indexes of selected real estate equity securities are quoted intraday on a real-time basis by the Chicago Mercantile Exchange. The Indexes' modified capitalization-weighted approach and qualitative screening process emphasize companies that Cohen & Steers believes are leading the securitization of real estate globally.

The Indexes can be used as indexing benchmarks, stock selection universes, underlying indexes for derivative instruments or performance benchmarks. All index weightings are independently calculated by Standard & Poor's.

Website: https://www.cohenandsteers.com/

Symbol: (NYSE: CNS)

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.

View original content:https://www.prnewswire.com/news-releases/cohen--steers-announces-changes-to-realty-indexes-302219072.html

SOURCE Cohen & Steers, Inc.

FAQ

What changes did Cohen & Steers (NYSE: CNS) announce for its realty indexes?

Cohen & Steers announced changes to its Global Realty Majors Portfolio Index (GRM) and International Realty Majors Portfolio Index (IRP), effective August 16, 2024. They added Stockland and KDX Realty Investment Corp., while removing Mirvac Group and Orix JREIT Inc. from both indexes.

When will the changes to Cohen & Steers (NYSE: CNS) realty indexes take effect?

The changes to Cohen & Steers' Global Realty Majors Portfolio Index (GRM) and International Realty Majors Portfolio Index (IRP) will take effect as of the close of business on August 16, 2024.

How are the Cohen & Steers (NYSE: CNS) realty indexes calculated?

The Cohen & Steers realty indexes are free-float adjusted, modified market capitalization-weighted total return indexes. They use a qualitative screening process to emphasize companies that Cohen & Steers believes are leading the securitization of real estate globally.

What are the potential uses for Cohen & Steers (NYSE: CNS) realty indexes?

The Cohen & Steers realty indexes can be used as indexing benchmarks, stock selection universes, underlying indexes for derivative instruments, or performance benchmarks in the real estate equity securities market.