Welcome to our dedicated page for Cohen & Steers news (Ticker: CNS), a resource for investors and traders seeking the latest updates and insights on Cohen & Steers stock.
Cohen & Steers, Inc. reports developments for a global investment manager focused on real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities and multi-strategy solutions. Company news commonly covers quarterly operating results, preliminary assets under management and net flows, cash dividends on common stock and leadership or distribution organization changes.
Updates also include changes to Cohen & Steers realty indexes, such as the Global Realty Majors Portfolio Index and International Realty Majors Portfolio Index, and notices tied to Cohen & Steers closed-end fund distribution policies.
Cohen & Steers Infrastructure Fund (UTF) announced its October 2024 distribution details and year-to-date performance. The Fund's October distribution of $0.1550 per share comprises 36.32% net investment income, 39.10% short-term capital gains, 19.16% long-term capital gains, and 5.42% return of capital. The Fund's year-to-date cumulative total return through September 30, 2024, was 19.95%, with a current annualized distribution rate of 7.19%. The Fund maintains a managed distribution policy implemented in March 2015 to deliver long-term total returns through regular monthly distributions.
Cohen & Steers Closed-End Opportunity Fund announced its October 2024 distribution details. The Fund maintains a managed distribution policy implemented in December 2021 to deliver long-term total returns through monthly distributions. The current distribution of $0.0870 per share comprises 36.09% from net investment income and 63.91% from return of capital. Year-to-date through September 30, 2024, the Fund reported a cumulative total return of 21.24% and a five-year average annual total return of 7.59%. The current annualized distribution rate stands at 8.52% based on NAV.
Cohen & Steers (NYSE: CNS) and DLC have jointly acquired Springfield Commons, a 119,085 square foot open-air shopping center in Springfield, Virginia. Located 15 miles west of Washington, D.C., the property is currently 78% occupied by tenants including Pure Gym, Old Navy, Pure Hockey, and Staples, with expectations to reach 98% occupancy short-term. The center is shadow anchored by Virginia's most visited Home Depot.
The retail submarket shows strong performance with 96.9% occupancy and 3.3% year-over-year rent growth, exceeding national averages of 95.7% and 2.9%. Open-air shopping centers currently maintain their highest occupancy level in 16 years and were the best performing private core real estate sector in 2023.
Cohen & Steers (NYSE: CNS) and Acadia Realty Trust have formed a joint venture to acquire The Walk at Highwoods, a 141,000 square foot open-air shopping center in Tampa, Florida. The fully occupied center features national retailers including HomeGoods, Michael's, and Dunkin'. Located in a high-growth suburban area, the property benefits from Tampa's strong economic growth, favorable tax environment, and expanding technology and financial sectors. The local market shows impressive metrics with 6.4% retail rent growth over the last 12 months and a low 2.3% vacancy rate. Open-air shopping centers nationally are at 95.7% occupancy, their highest level in 16 years.
Cohen & Steers, Inc. (NYSE: CNS) has announced its financial results for the third quarter of 2024, ending September 30. The company has made the earnings release and accompanying presentation available on its website under the Investor Relations section. A conference call is scheduled for October 17, 2024, at 10:00 a.m. (ET) to discuss these results.
The call will be hosted by Joseph Harvey (CEO and president), Raja Dakkuri (CFO), and Jon Cheigh (CIO). Investors and analysts can join via webcast or telephone, with dial-in numbers provided for both U.S. and international participants. A replay of the call will be available for two weeks following the conference.
Cohen & Steers, Inc. (NYSE: CNS) has announced that it will release its third quarter 2024 results after the market closes on Wednesday, October 16, 2024. The company will host a conference call on Thursday, October 17, 2024 at 10:00 a.m. (ET) to review the operating results and outlook. The call will be accessible via webcast and telephone.
Key executives participating in the call include Joseph Harvey (CEO and president), Raja Dakkuri (CFO), and Jon Cheigh (CIO). Investors and analysts can join the live conference call by dialing 800-715-9871 (U.S.) or +1-646-307-1963 (international) with passcode: 8494569. A replay of the call will be available for two weeks starting October 17, 2024.
Cohen & Steers (NYSE: CNS) reported preliminary assets under management (AUM) of $91.8 billion as of September 30, 2024, marking a $3.7 billion increase from August 31, 2024. This growth was primarily driven by market appreciation of $2.6 billion and net inflows of $1.3 billion, partially offset by distributions of $286 million.
The AUM breakdown shows significant growth across all investment vehicles:
- Institutional Accounts: Increased from $35.4 billion to $36.9 billion
- Open-end Funds: Rose from $41.0 billion to $43.0 billion
- Closed-end Funds: Grew from $11.7 billion to $11.9 billion
The largest net inflows were observed in Open-end Funds at $983 million, followed by Institutional Accounts at $337 million.
Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) has announced its distribution sources for September 30, 2024, and cumulative distributions for the fiscal year-to-date. The Fund follows a managed distribution policy to deliver long-term total return potential through regular monthly distributions. For September 2024, the distribution of $0.0800 per share comprises 79.88% from net investment income and 20.12% from net realized long-term capital gains.
Year-to-date distributions totaling $0.7200 per share include 33.07% from net investment income and 66.93% from net realized long-term capital gains. The Fund's year-to-date cumulative total return is 13.30%, with a cumulative distribution rate of 5.14%. The Fund's five-year average annual total return is 6.75%, with a current annualized distribution rate of 6.85%.
Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) has announced its distribution for September 30, 2024, and provided information on the sources of this distribution. The Fund implemented a managed distribution policy in December 2021, aiming to deliver long-term total return potential through regular monthly distributions.
For September 2024, the distribution is $0.0870 per share, with 42.18% coming from net investment income and 57.82% from return of capital. Year-to-date, the Fund has distributed $0.7830 per share, with 36.04% from net investment income and 63.96% from return of capital.
The Fund's year-to-date cumulative total return as of August 31, 2024, is 18.23%, with a cumulative distribution rate of 6.50%. The five-year average annual total return ending August 31, 2024, is 7.49%, with a current annualized distribution rate of 8.67%.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) has announced its distribution for September 30, 2024, and provided information on the sources of this distribution. The Fund follows a managed distribution policy, aiming to deliver long-term total returns through regular monthly distributions. The current distribution of $0.1550 per share is sourced from:
- Net Investment Income: 47.74%
- Net Realized Short-Term Capital Gains: 2.58%
- Net Realized Long-Term Capital Gains: 49.68%
The Fund's year-to-date cumulative total return is 16.33%, with a cumulative distribution rate of 5.53%. The Fund's five-year average annual total return is 6.53%, with a current annualized distribution rate of 7.37%.