Cohen & Steers Announces Changes to Realty Indexes

Rhea-AI Summary

Cohen & Steers (NYSE: CNS) announced modifications to its Realty Majors Portfolio Index (RMP) and Global Realty Majors Portfolio Index (GRM), effective at the close of business on November 18, 2022. Rexford Industrial Realty, Inc. (REXR.US) has been added to both indexes, while no components were removed. The indexes serve as market capitalization-weighted benchmarks for selected real estate securities and emphasize companies that are innovating in real estate securitization. They are independently calculated by Standard & Poor's.

Positive

• Inclusion of Rexford Industrial Realty in both the RMP and GRM indexes may enhance its visibility and investment opportunities.
• Indexes serve as benchmarks, stock selection universes, and can support derivative instruments.

Negative

• None.

NEW YORK, Nov. 11, 2022 /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 November 18, 2022.

Cohen & Steers Realty Majors Portfolio Index (RMP)
Added component (symbol)	Removed component (symbol)
Rexford Industrial Realty, Inc. (REXR.US)	None

Cohen & Steers Global Realty Majors Portfolio Index (GRM)
Added component (symbol)	Removed component (symbol)
Rexford Industrial Realty, Inc. (REXR.US)	None

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 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 and Tokyo.

View original content:https://www.prnewswire.com/news-releases/cohen--steers-announces-changes-to-realty-indexes-301675883.html

SOURCE Cohen & Steers, Inc.

FAQ

What changes were made to the Cohen & Steers Realty Majors Portfolio Index (RMP) on November 18, 2022?

On November 18, 2022, Rexford Industrial Realty, Inc. (REXR.US) was added to the Cohen & Steers Realty Majors Portfolio Index (RMP).

What is the significance of the changes to the Global Realty Majors Portfolio Index (GRM) announced by Cohen & Steers?

The addition of Rexford Industrial Realty, Inc. (REXR.US) to the Global Realty Majors Portfolio Index (GRM) is intended to highlight leading companies in real estate securitization.

How are the Cohen & Steers index weightings calculated?

Index weightings for both the RMP and GRM are independently calculated by Standard & Poor's.

What is the purpose of the Cohen & Steers Realty Majors Portfolio Index (RMP) and Global Realty Majors Portfolio Index (GRM)?

These indexes are used as benchmarks for market capitalization-weighted total returns and serve various investment functions including stock selection and performance assessment.