Cohen & Steers Announces Changes to Realty Indexes

Rhea-AI Summary

Cohen & Steers (NYSE: CNS) announced changes to its Global Realty Majors Portfolio Index and International Realty Majors Portfolio Index, effective February 17, 2023. The British Land Company Plc. (BLND.LN) will be added to both indexes, while the Big Yellow Group Plc. (BYG.LN) will be removed. These indexes, which are adjusted for free-float and modified market capitalization, are critical in evaluating real estate equity securities worldwide. They serve as benchmarks for stock selection and performance measurement, with calculations performed independently by Standard & Poor's.

Positive

• British Land Company Plc. added to both Global Realty Majors Portfolio Index and International Realty Majors Portfolio Index.

Negative

• Big Yellow Group Plc. removed from both indexes.

News Market Reaction – CNS

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+1.81% Session move

In the trading session that priced this news, CNS gained 1.81%, reflecting a mild positive market reaction.

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NEW YORK, Feb. 10, 2023 /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 February 17, 2023.

Cohen & Steers Global Realty Majors Portfolio Index (GRM)
Added component (symbol)	Removed component (symbol)
British Land Company Plc. (BLND.LN)	Big Yellow Group Plc. (BYG.LN)

Cohen & Steers International Realty Majors Portfolio Index (IRP)
Added component (symbol)	Removed component (symbol)
British Land Company Plc. (BLND.LN)	Big Yellow Group Plc. (BYG.LN)

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-301744285.html

SOURCE Cohen & Steers, Inc.

FAQ

What changes did Cohen & Steers announce for its indexes on February 10, 2023?

Cohen & Steers announced that British Land Company Plc. would be added to both the Global Realty Majors Portfolio Index and the International Realty Majors Portfolio Index while Big Yellow Group Plc. would be removed.

What is the effective date of the changes to the Cohen & Steers indexes?

The changes to the indexes will be effective as of the close of business on February 17, 2023.

How are Cohen & Steers' indexes calculated?

The indexes are free-float adjusted and calculated using a modified market capitalization-weighted approach, with independent calculations performed by Standard & Poor's.

What is the significance of the changes to the Cohen & Steers indexes?

The changes impact the composition of the indexes, which serve as benchmarks for performance measurement and stock selection in real estate equity securities.