NEW
YORK, May 15, 2024 /PRNewswire/ -- Cohen &
Steers, Inc. (NYSE: CNS) announced today additional pending changes
to its Realty Majors Indexes, effective as of the close of business
on May 17, 2024.
LondonMetric Property Plc replaces LXI REIT Plc in the
Cohen & Steers Global Realty Majors Portfolio Index
(GRM) and Cohen & Steers International Realty Majors
Portfolio Index (IRP). The changes result from the former's
acquisition of the latter. Additional previously announced changes
to the indexes are listed below.
|
Cohen & Steers
Realty Majors Portfolio Index (RMP)
|
|
Added component
(symbol)
|
Removed component
(symbol)
|
|
Iron Mountain Inc.
(IRM.US)
|
Cousins Properties Inc.
(CUZ.US)
|
|
|
|
Cohen & Steers
Global Realty Majors Portfolio Index (GRM)
|
|
Added component
(symbol)
|
Removed component
(symbol)
|
|
Iron Mountain Inc.
(IRM.US)
|
Cousins Properties Inc.
(CUZ.US)
|
|
Unibail-Rodamco-Westfield (URW.FP)
|
Assura Plc
(AGR.LN)
|
|
LondonMetric Property
Plc (LMP.LN)
|
|
|
|
|
Cohen & Steers
International Realty Majors Portfolio Index (IRP)
|
|
Added component
(symbol)
|
Removed component
(symbol)
|
|
Unibail-Rodamco-Westfield (URW.FP)
|
Assura Plc
(AGR.LN)
|
|
LondonMetric Property
Plc (LMP.LN)
|
|
|
|
Cohen & Steers also previously announced a change to its
Realty Majors Portfolio Index (RMP) capitalization policy.
Currently, individual index constituent capitalization weights are
limited to a maximum of 8%. Effective as of close of business on
May 17, 2024, constituent weightings
will now be subject to an additional adjustment if the sum of the
constituents that individually have a weight greater than 4.5%
exceeds 45% of the total index.
If the new rule is breached, all constituents with weights
greater than 4.5% are sorted in ascending order. The first
constituent's weight that breaches this limit is reduced to 4.5%,
and the excess weight is evenly redistributed to constituents with
an unadjusted weight of less than 4.5%. This process is repeated
until the sum of constituents with a weight greater than 4.5% is
equal to or less than 45% of the total index.
The 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.
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SOURCE Cohen & Steers, Inc.