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Cohen & Steers Inc. (NYSE: CNS) is a premier global investment manager specializing in liquid real assets such as real estate securities, listed infrastructure, commodities, and natural resource equities. Founded in 1986, this New York City-headquartered firm also focuses on preferred securities and other income solutions. With additional offices in London, Hong Kong, Tokyo, and Seattle, Cohen & Steers operates a diversified, international portfolio.
The company's core business revolves around the management of equity shares of real estate investment trusts (REITs), both domestically and internationally. As of January 2024, real estate and related securities constitute nearly two-thirds of its total $79.3 billion in managed assets. The firm also offers dedicated portfolios for preferred securities, utilities stocks, and other high-yield investments.
Cohen & Steers maintains a balanced distribution of its managed assets across closed-end funds, open-end funds, and institutional accounts. In the past year, they have seen that 42% of their managed assets and 27% of base management fees come from institutional clients. Open-end funds account for 45% of managed assets and 52% of base management fees. Closed-end funds contribute 13% of managed assets and 21% of base management fees.
Recent Achievements and Current Projects
Recent quarterly earnings reports reflect positive growth and robust financial performance. The company consistently updates its stakeholders through earnings releases, conference calls, and detailed presentations available on their official website. Significant events include:
- Quarterly earnings reports with comprehensive financial analyses.
- Regular conference calls hosted by top executives including CEO Joseph Harvey, CFO Matthew Stadler, and CIO Jon Cheigh.
- Strategic initiatives such as 'at-the-market' equity offerings, recently adding over a million shares at an average price of $69.60, raising approximately $68.4 million for corporate purposes.
Partnerships and Market Position
The firm's collaborations with major financial institutions and investment platforms underscore its market leadership. For instance, Cohen & Steers recently ranked among the top companies in the S&P SmallCap 600 index, highlighting its growing influence and solid market reputation.
Investors can expect ongoing updates and opportunities through the firm’s comprehensive communication channels, including a wealth of resources and archival financial data available on their website.
Cohen & Steers, Inc. (NYSE: CNS) will release its second quarter 2022 operating results on July 20, 2022, after market close. The earnings release and presentation will be accessible on the company's website. A conference call is scheduled for July 21, 2022, at 10:00 a.m. (ET), featuring CEO Joseph Harvey, CFO Matthew Stadler, and CIO Jon Cheigh, who will discuss the results and future outlook. Investors can join the call via phone or webcast, and a replay will be available for two weeks after.
Cohen & Steers, Inc. (NYSE: CNS) reported preliminary assets under management (AUM) of $87.9 billion as of June 30, 2022, a decrease of $6.4 billion from May 31, 2022. This decline was primarily due to market depreciation of $5.6 billion, alongside distributions of $649 million and net outflows of $210 million. The company specializes in real assets and alternative income investments, maintaining a global presence.
The Cohen & Steers Quality Income Realty Fund (RQI) announced its distribution sources to shareholders, with the next payment scheduled for June 30, 2022. Since December 2012, the Fund has utilized a managed distribution policy to distribute regular monthly payments, including capital gains and investment income. For June 2022, the total distribution is $0.0800 per share, primarily sourced from net realized short-term capital gains. Year-to-date, the Fund reported a cumulative total return of -14.26% and a cumulative distribution rate of 3.14%.
This press release informs shareholders of the Cohen & Steers Infrastructure Fund (UTF) about the distribution sources for June 30, 2022, and cumulative distributions for the fiscal year. The Fund follows a managed distribution policy started in March 2015, aiming for regular monthly distributions. The June 2022 distribution includes net investment income ($0.0924 per share), long-term capital gains ($0.0626), and totals $0.1550 per share. Cumulative total returns year-to-date are 0.87%, with a current annualized distribution rate of 6.71%.
The press release from Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) outlines the distribution to be paid on June 30, 2022, as part of its managed distribution policy established in December 2017. This policy aims to provide regular monthly distributions that may include long-term capital gains and net investment income. For fiscal year 2022, the Fund reports a year-to-date cumulative total return of -13.14% and a cumulative distribution rate of 3.30%. The total current distribution for June is $0.1360 per share, fully sourced from long-term capital gains.
Cohen & Steers Total Return Realty Fund (RFI) announced details of its upcoming distribution due on June 30, 2022. The Fund follows a managed distribution policy since December 2011, allowing for monthly distributions at a fixed rate, including long-term capital gains and return of capital. The total current distribution for June is $0.0800 per share, making the year-to-date cumulative distribution $0.4800 per share. The Fund's year-to-date cumulative total return is reported at -12.15%, while the five-year average annual total return stands at 8.87%.
Cohen & Steers Select Preferred and Income Fund (PSF) shareholders are informed about the sources of distributions to be paid on June 30, 2022, and cumulative distributions fiscal year-to-date. The Fund's managed distribution policy allows for regular monthly distributions, which may include net investment income and return of capital. The total current distribution for June 2022 is $0.1350 per share. Year-to-date cumulative total return is -10.58%, while the cumulative distribution rate is 3.59%. The Fund's average annual total return over five years is 4.05%, with a current annualized distribution rate of 7.18%.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced details regarding its monthly distribution scheduled for June 30, 2022. Implemented in December 2016, the managed distribution policy aims to provide regular monthly distributions, enhancing long-term capital gains realization. The current distribution of $0.1350 per share comprises net investment income, capital gains, and return of capital. Year-to-date returns reveal an 8.95% decrease in cumulative total return, while the current annualized distribution rate stands at 7.24%. Shareholders will receive a Form 1099-DIV for tax reporting.
This press release informs shareholders of Cohen & Steers Closed-End Opportunity Fund (FOF) about the distribution payment scheduled for June 30, 2022. The Fund has adopted a managed distribution policy, enabling regular monthly distributions aimed at maximizing long-term returns. The current monthly distribution is $0.0870 per share, which consists of net investment income, long-term capital gains, and return of capital. Year-to-date, the Fund has a cumulative distribution rate of 4.34%, with a YTD total return of -12.31%. Final tax characteristics will be reported on Form 1099-DIV.
Cohen & Steers (NYSE: CNS) reported preliminary assets under management of $94.3 billion as of May 31, 2022, down $3.7 billion from April's total. This decrease is attributed to market depreciation of $3.0 billion, net outflows of $510 million, and distributions totaling $183 million.
The firm specializes in real assets and alternative income investment management, with a global presence in cities like New York, London, and Tokyo.
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