Cohen & Steers Announces Changes to Realty Indexes

Rhea-AI Summary

Cohen & Steers announces pending changes to its Realty Majors Portfolio Index and Global Realty Majors Portfolio Index, effective May 19, 2023.

Positive

• Cohen & Steers is making changes to its Realty Majors Portfolio Index and Global Realty Majors Portfolio Index, which could impact stock prices. The added component to both indexes is American Homes 4 Rent (AMH), while the removed component is Kilroy Realty Corp. (KRC).

Negative

• None.

NEW YORK, May 12, 2023 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today pending changes to its Realty Majors Portfolio Index (RMP) and Global Realty Majors Portfolio Index (GRM), effective as of the close of business on May 19, 2023.

Cohen & Steers Realty Majors Portfolio Index (RMP)
Added component (symbol)	Removed component (symbol)
American Homes 4 Rent (AMH)	Kilroy Realty Corp. (KRC)

Cohen & Steers Global Realty Majors Portfolio Index (GRM)
Added component (symbol)	Removed component (symbol)
American Homes 4 Rent (AMH)	Kilroy Realty Corp. (KRC)

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.

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including 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-301823673.html

SOURCE Cohen & Steers, Inc.

FAQ

What changes are Cohen & Steers making to its Realty Majors Portfolio Index and Global Realty Majors Portfolio Index?

Cohen & Steers is adding American Homes 4 Rent (AMH) as a component to both indexes and removing Kilroy Realty Corp. (KRC).

When will the changes be effective?

The changes will be effective as of the close of business on May 19, 2023.

What are the Realty Majors Portfolio Index and Global Realty Majors Portfolio Index used for?

The indexes can be used as benchmarks, stock selection universes, underlying indexes for derivative instruments, or performance benchmarks.

How are the index weightings calculated?

All index weightings are independently calculated by Standard & Poor's.