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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, Inc. (NYSE:CNS) will release its third quarter 2020 financial results on October 21, 2020, after market close. The earnings presentation will be accessible through their website. A conference call to discuss the results and outlook is scheduled for October 22, 2020, at 10:00 a.m. (ET), featuring CEO Robert Steers and other executives. Investors can participate via telephone or webcast, with a replay available for two weeks post-call. Cohen & Steers specializes in liquid real assets and has a global presence in investment management.
Cohen & Steers (NYSE:CNS) reported preliminary assets under management (AUM) of $70.5 billion as of September 30, 2020, reflecting a $1.6 billion decline from August 31, 2020. This drop was attributed to $24 million in net outflows, $1.2 billion in market depreciation, and $303 million in distributions. The firm specializes in liquid real assets and has a global presence with offices in major cities including New York and Tokyo.
The Cohen & Steers MLP Income and Energy Opportunity Fund (MIE) has repurchased 82,826 shares since its last update on September 1, 2020, bringing the total for 2020 to 591,076 shares. This share repurchase program allows for the buyback of up to 10% of outstanding shares within a calendar year. Since inception on March 26, 2013, the total shares repurchased amount to 744,738. Investors are encouraged to review the Fund's objectives and risks before investing, with complete reports accessible online.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) announced its distribution payment details to shareholders for September 30, 2020. The Fund follows a managed distribution policy launched in March 2015, facilitating monthly distributions based on long-term capital gains. The current distribution totals $0.1550 per share, comprised mainly of net investment income ($0.1416, 91.35%). Year-to-date cumulative total return is -11.03%, while the average annual total return over five years is 8.84%. Shareholders should note that some distributions may include return of capital, impacting their tax basis.
The press release from Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) announces the monthly distribution of $0.0800 per share, payable on September 30, 2020. The Fund's managed distribution policy enables it to deliver long-term total return through regular monthly distributions, including net investment income and potential capital gains. However, the total return for the year-to-date period is reported at -10.76%, with a cumulative distribution rate of 5.77%. Shareholders are advised that distribution amounts may change based on portfolio performance, and final tax characteristics will be provided on Form 1099-DIV.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) will pay a distribution of $0.1240 per share on September 30, 2020. This distribution is sourced entirely from net investment income, comprising 100% of the current distribution. The fund's managed distribution policy allows for monthly fixed-rate distributions, enabling flexibility in realizing and distributing long-term capital gains. As of August 31, 2020, the fund's year-to-date cumulative total return stands at -4.31%, with a cumulative distribution rate of 4.96%.
The press release from Cohen & Steers Limited Duration Preferred and Income Fund (LDP) details the sources of its upcoming distribution on September 30, 2020. Following a managed distribution policy since December 2016, the Fund aims to provide regular monthly distributions to shareholders. For September 2020, the distribution amounts to $0.1430 per share, comprising 94.41% net investment income and 5.59% return of capital. As of August 31, 2020, the year-to-date cumulative total return is -1.19%, while the average annual total return over five years stands at 7.55%. The Fund's NAV performance indicates market conditions affecting share value.
Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced information about its upcoming distribution on September 30, 2020, as part of its managed distribution policy. This policy allows the Fund to distribute regular monthly payments to shareholders, incorporating various sources such as net investment income and return of capital.
As of September 2020, the total distribution is $0.1570 per share, covering YTD distributions totaling $1.5030. The Fund's year-to-date total return is -0.98%, with a cumulative distribution rate of 5.86% for the fiscal year.
Cohen & Steers Total Return Realty Fund (NYSE: RFI) has announced its monthly distribution of $0.08 per share to be paid on September 30, 2020. This distribution aligns with the Fund's managed distribution policy initiated in December 2011, aimed at delivering long-term capital gains to shareholders. As of August 31, 2020, the Fund recorded a Year-to-Date Cumulative Total Return of -5.87% and a Cumulative Distribution Rate of 5.68%. Notably, the estimated monthly distribution consists mainly of net investment income (65.63%) and realized long-term capital gains (34.37%).
Cohen & Steers (NYSE: CNS) announced the appointment of David Conway as Head of Wholesale Distribution, EMEA. With over two decades of international experience, Conway previously served as Global Sales Director at Jupiter Asset Management. His leadership aims to enhance Cohen & Steers' fund business among financial intermediaries in Europe and the Middle East. This move follows recent appointments aimed at scaling the firm's European operations, which recorded a 24% organic growth and net inflows of $3.4 billion in Q2.
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