Cohen & Steers Announces Changes to Realty Indexes

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Cohen & Steers (NYSE: CNS) announced upcoming changes to its Realty Majors Portfolio Index (RMP), Global Realty Majors Portfolio Index (GRM), and International Realty Majors Portfolio Index (IRP), effective August 19, 2022. The changes include adding Kimco Realty Co. (KIM.US) to both RMP and GRM, while Ventas, Inc. (VTR.US) will be removed from these indexes. Additionally, the IRP will see LXI REIT Plc. (LXI.LN) added and Londonmetric Property Plc. (LMP.LN) removed. These indexes reflect top real estate securities globally and are recalibrated independently by S&P.

Positive

Inclusion of Kimco Realty Co. (KIM.US) enhances the RMP and GRM, indicating potential growth.
The changes in indexes reflect an active management approach towards strong real estate securities.

Negative

Removal of Ventas, Inc. (VTR.US) may indicate a decline in its performance or investor confidence.
Exclusion of previously included companies like Londonmetric Property Plc. (LMP.LN) could signal underperformance.

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08/12/2022 - 04:05 PM EDT

NEW YORK, Aug. 12, 2022 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today pending changes to its Realty Majors Portfolio Index (RMP), Global Realty Majors Portfolio Index (GRM) and International Realty Majors Portfolio Index (IRP), effective as of the close of business on August 19, 2022.

Cohen & Steers Realty Majors Portfolio Index (RMP)
Added component (symbol)	Removed component (symbol)
Kimco Realty Co. (KIM.US)	Ventas, Inc. (VTR.US)

Cohen & Steers Global Realty Majors Portfolio Index (GRM)
Added component (symbol)	Removed component (symbol)
Kimco Realty Co. (KIM.US)	Ventas, Inc. (VTR.US)
LXI REIT Plc. (LXI.LN)	Londonmetric Property Plc. (LMP.LN)
Advance Residence Investment Corp. (3269.JP)	China Resources Land Ldt. (1109.HK)
Hang Lung Properties Ltd. (101.HK)	Wharf Real Estate Investment Co. Ltd. (1997.HK)

Cohen & Steers International Realty Majors Portfolio Index (IRP)
Added component (symbol)	Removed component (symbol)
LXI REIT Plc. (LXI.LN)	Londonmetric Property Plc. (LMP.LN)
Advance Residence Investment Corp. (3269.JP)	China Resources Land Ldt. (1109.HK)
Hang Lung Properties Ltd. (101.HK)	Wharf Real Estate Investment Co. Ltd. (1997.HK)

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-301605168.html

SOURCE Cohen & Steers, Inc.

FAQ

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What changes are being made to the Cohen & Steers Realty Majors Portfolio Index (RMP) on August 19, 2022?

Kimco Realty Co. (KIM.US) will be added, while Ventas, Inc. (VTR.US) will be removed.

Which companies are being added to the Cohen & Steers Global Realty Majors Portfolio Index (GRM)?

Kimco Realty Co. (KIM.US) is being added along with LXI REIT Plc. (LXI.LN) and Advance Residence Investment Corp. (3269.JP).

What company is being removed from the Cohen & Steers International Realty Majors Portfolio Index (IRP)?

China Resources Land Ltd. (1109.HK) is being removed from the IRP.

Why are changes being made to the Cohen & Steers Indexes?

The adjustments aim to reflect the top-performing real estate securities globally, utilizing a qualitative screening process.

How does Cohen & Steers determine the components of its Realty Majors Portfolio Indexes?

Components are selected based on a modified market capitalization-weighted approach and qualitative screening.

Cohen & Steers Announces Changes to Realty Indexes