Cohen & Steers Announces Changes to Realty Indexes

Rhea-AI Summary

Cohen & Steers (NYSE: CNS) announced upcoming changes to its International Realty Majors Portfolio Index (IRP) and Global Realty Majors Portfolio Index (GRM), effective August 21, 2020. The adjustments include the addition of LondonMetric Property PLC (LMP.LN), Warehouses De Pauw SCA (WDP.BB), and Fabege AB (FABG.SS) to both indexes. Conversely, Unibail-Rodamco-Westfield (URW.NA), GPT Group (GPT.AU), and Hongkong Land Holdings Ltd. (HKL.SP) will be removed. These modified market capitalization-weighted total return indexes serve as benchmarks for real estate equity securities.

Positive

• Addition of LondonMetric Property PLC, Warehouses De Pauw SCA, and Fabege AB to both indexes enhances diversification.
• Indexes serve as valuable benchmarks for investors focusing on real estate securities.

Negative

• Removal of established companies like Unibail-Rodamco-Westfield and Hongkong Land Holdings could signal a shift away from recognized entities.

NEW YORK, Aug. 14, 2020 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today pending changes to its International Realty Majors Portfolio Index (IRP) and Global Realty Majors Portfolio Index (GRM), effective as of the close of business on August 21, 2020.

Cohen & Steers International Realty Majors Portfolio Index (IRP)
Added component (symbol)	Removed component (symbol)
LondonMetric Property PLC (LMP.LN)	Unibail-Rodamco-Westfield (URW.NA)
Warehouses De Pauw SCA (WDP.BB)	GPT Group (GPT.AU)
Fabege AB (FABG.SS)	Hongkong Land Holdings Ltd. (HKL.SP)

 

Cohen & Steers Global Realty Majors Portfolio Index (GRM)
Added component (symbol)	Removed component (symbol)
LondonMetric Property PLC (LMP.LN)	Unibail-Rodamco-Westfield (URW.NA)
Warehouses De Pauw SCA (WDP.BB)	GPT Group (GPT.AU)
Fabege AB (FABG.SS)	Hongkong Land Holdings Ltd. (HKL.SP)

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 global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo.

View original content:http://www.prnewswire.com/news-releases/cohen--steers-announces-changes-to-realty-indexes-301112551.html

SOURCE Cohen & Steers, Inc.

FAQ

What are the changes to the IRP and GRM indexes announced by Cohen & Steers?

Cohen & Steers announced that LondonMetric Property PLC, Warehouses De Pauw SCA, and Fabege AB will be added to both indexes, while Unibail-Rodamco-Westfield, GPT Group, and Hongkong Land Holdings will be removed.

When will the changes to the IRP and GRM indexes take effect?

The changes will take effect on August 21, 2020.

Why are the IRP and GRM indexes important for investors?

The indexes serve as benchmarks for real estate equity securities, helping investors assess performance and make informed decisions.

What does the addition of new components to the indexes mean for CNS shareholders?

The addition of new components may enhance diversification and potential returns for CNS shareholders invested in real estate securities.