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About Cohen & Steers Inc. (NYSE: CNS)
Cohen & Steers Inc. is a globally recognized investment manager specializing in liquid real assets and alternative income solutions. Founded in 1986 and headquartered in New York City, the firm has established itself as a pioneer in real estate securities and related investment strategies. With additional offices in London, Dublin, Hong Kong, Tokyo, and Singapore, Cohen & Steers serves a diverse, global client base, including institutional investors, financial intermediaries, and individual investors.
Core Business Areas
The company’s investment expertise spans a range of asset classes, including:
- Real Estate Securities: Focused on equity shares of Real Estate Investment Trusts (REITs) and other real estate-related securities, both domestically and internationally.
- Listed Infrastructure: Investments in essential infrastructure assets such as utilities, transportation, and communication networks.
- Commodities and Natural Resource Equities: Exposure to global commodity markets and natural resources.
- Preferred Securities: High-yield investment options designed to provide stable income.
- Multi-Strategy and Income Solutions: Tailored portfolios combining various asset classes to meet specific income and diversification goals.
Cohen & Steers is particularly known for its focus on real assets, which are tangible, income-generating investments that provide stability and inflation protection. This specialization positions the firm as a trusted partner for clients seeking alternatives to traditional equity and fixed-income investments.
Revenue Model and Distribution Channels
The company generates revenue primarily through management fees, which are tied to assets under management (AUM). Its distribution is balanced across three primary channels:
- Institutional Accounts: Representing a significant portion of its AUM, these include pension funds, endowments, and sovereign wealth funds.
- Open-End Funds: Mutual funds available to retail and institutional investors, offering liquidity and diversification.
- Closed-End Funds: Publicly traded funds that provide access to specialized investment strategies.
This diversified revenue structure ensures a stable income stream and reduces dependency on any single client segment.
Market Position and Competitive Landscape
Cohen & Steers operates in the competitive asset management industry, with a niche focus on liquid real assets. Its key competitors likely include other specialized asset managers and larger firms with diversified offerings. However, the company differentiates itself through:
- Specialized Expertise: Decades of experience in real assets and alternative income solutions.
- Global Reach: A presence in major financial hubs worldwide, enabling access to diverse markets.
- Innovative Strategies: Tailored investment solutions designed to meet evolving client needs.
These strengths, combined with a commitment to research-driven investment processes, solidify its reputation as a leader in its niche.
Challenges and Opportunities
While Cohen & Steers benefits from its specialization, it faces challenges such as market volatility, regulatory changes, and competition from passive investment products. However, its focus on real assets positions it well to capitalize on trends like urbanization, infrastructure development, and the growing demand for income-generating investments.
Conclusion
Cohen & Steers Inc. is a distinguished player in the asset management industry, offering unique investment opportunities in liquid real assets and alternative income solutions. Its expertise, global presence, and diversified revenue model make it a compelling choice for investors seeking stability, income, and diversification. By continuously adapting to market dynamics and client needs, the firm remains well-positioned to deliver value over the long term.
Cohen & Steers Infrastructure Fund (NYSE: UTF) announced the sources of its July 30, 2021 distribution, following its managed distribution policy established in March 2015. This strategy aims to provide regular monthly distributions by utilizing long-term capital gains and income from investments. For July, the total distribution is $0.1550 per share, comprising $0.0992 from net investment income and $0.0558 from long-term capital gains. Year-to-date, the Fund reported a cumulative total return of 12.14% and a cumulative distribution rate of 4.07% as of June 30, 2021.
Cohen & Steers, Inc. (NYSE: CNS) reported its financial results for Q2 2021, showing significant figures in net income and earnings per share. The earnings presentation is available on their website, along with a scheduled conference call on July 22, 2021, at 10:00 a.m. ET, led by key executives. Investors can join the call live or access a replay later. Cohen & Steers is recognized for its expertise in real assets and alternative income management, with a global presence since 1986.
Cohen & Steers (NYSE: CNS) will release its second quarter 2021 financial results on July 21, 2021, after market close. An earnings presentation will be available on their website. A conference call is scheduled for July 22, 2021, at 10:00 a.m. ET, featuring CEO Robert Steers, President Joseph Harvey, and CFO Matthew Stadler. Investors can join the call via phone or listen online. A replay will be accessible for two weeks post-call. Cohen & Steers specializes in real assets and alternative income management, headquartered in New York City.
Cohen & Steers reported preliminary assets under management of $96.2 billion as of June 30, 2021, a $2.0 billion increase from May 31, 2021. This increase was attributed to net inflows of $1.0 billion and market appreciation of $1.4 billion, offset by distributions amounting to $366 million. The company's diverse investment strategies include real estate, preferred securities, and infrastructure across global markets.
Cohen & Steers MLP Income and Energy Opportunity Fund (NYSE: MIE) announced the approval of its liquidation and dissolution as of June 30, 2021. The effective date for determining stockholders entitled to liquidating distributions is set for August 6, 2021, with the last trading day on the NYSE being August 2, 2021. Post-approval, the Fund will deviate from its investment policies as it sells its portfolio securities for liquidation. Stockholders may experience tax implications as a result of the liquidation. The Fund will not declare future dividends.
On June 29, 2021, Cohen & Steers Infrastructure Fund, Inc. (UTF) notified shareholders of the distribution sources for the payment on June 30, 2021. The Fund follows a managed distribution policy aimed at delivering regular monthly distributions at a fixed rate per share, allowing for greater capital gains realization. For June 2021, the total distribution is $0.1550 per share, comprising 64.84% from net investment income and 35.16% from net realized long-term capital gains. YTD cumulative return is 13.06%, while the annualized distribution rate is 6.88%.
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced its distribution sources for the upcoming payment on June 30, 2021. Since implementing a managed distribution policy in December 2012, the Fund aims for long-term returns through consistent monthly distributions. The current distribution is $0.0800 per share, comprising $0.0464 from net investment income and $0.0336 from realized long-term capital gains. The cumulative total return for 2021 stands at 21.32%, with a cumulative distribution rate of 3.09%. Tax characteristics will be finalized at year-end and reported via Form 1099-DIV.
The Cohen & Steers Total Return Realty Fund (NYSE: RFI) will distribute $0.0800 per share on June 30, 2021. This distribution includes $0.0418 from net investment income and $0.0382 from net realized long-term capital gains. Year-to-date total returns as of May 31, 2021, are at 15.62%, with a cumulative distribution rate of 3.26%. The fund operates under a managed distribution policy, providing monthly distributions at a fixed rate, and aims to maximize long-term total returns. Shareholders will receive a Form 1099-DIV for tax purposes.
Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) has issued a notice to shareholders detailing the sources of its upcoming distribution on June 30, 2021. The Fund follows a managed distribution policy aimed at delivering long-term returns through fixed monthly distributions. Current distribution estimates include $0.1213 from net investment income and $0.0357 from net realized long-term capital gains. Year-to-date cumulative total return is reported at 3.15%, with a cumulative distribution rate of 3.51%. Investors are advised to review their investment objectives carefully.
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