The Cohen & Steers Realty Majors Portfolio Index offers what we believe is a superior approach to capturing the U.S. REIT market, providing a liquid, diverse representation of companies leading the real estate industry.
- Applications
With weightings similar to those an actual investor would use, Cohen & Steers Realty Majors Portfolio Index (RMP) can be used to index assets, as a selection universe, as an underlying index for derivative instruments or a performance benchmark. - Investment thesis
Composed of REITs that we believe are dominant in their respective property sectors, RMP is a unique, modified cap- weighted total return index of companies that is designed to mirror the dynamic changes taking place in the REIT market. - Competitive advantages
RMP is composed of REITs that we believe are best positioned to lead or benefit the most from the securitization of the U.S. real estate industry. Stocks included in the index are also significantly more liquid than those in other REIT indexes.
ABOUT THE AUTHORS
Alec Overby, CFA, Vice President, is a real estate securities managing analyst covering the office and regional mall sectors.
Adam Derechin, CFA, Chief Operating Officer, is responsible for Cohen & Steers’ investment administration and information technology departments, as well as all global corporate facilities.
FURTHER READING
A new market regime for REITs
A regime shift to lower rates is a favorable backdrop for REITs, in our view.
The Real Estate Reel: The potential benefits of blending listed REITs and private CRE
Adding listed REITs at certain levels to a private real estate allocation has been shown to increase performance, reduce volatility, and limit drawdowns.
The Real Estate Reel: Is office as problematic as you think?
Office is not a very big part of the commercial real estate market. Bank exposure to office is also a lot lower than the media headlines would suggest. And newer buildings are actually still seeing strong demand.
The Cohen & Steers Realty Majors Portfolio Index is the exclusive property of Cohen & Steers Capital Management, Inc.
Cohen & Steers Capital Management, Inc. has contracted with Standard & Poor’s to maintain and calculate the index. S&P shall have no liability for any errors or omissions in calculating the index.
While the Cohen & Steers Realty Majors Portfolio Index is believed by Cohen & Steers Capital Management, Inc. to consist of the REITs that are best positioned to capitalize on future changes in the real estate industry, there is of course no guarantee that this result will occur. Further, while the component REITs in the Cohen & Steers Realty Majors Portfolio Index are selected because they offer better liquidity than those included in broader REIT indexes, there is no guarantee that this will continue to be the case in the future. The Cohen & Steers Realty Majors Portfolio Index is not a guarantee of a successful investment program.
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.