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. (NYSE: CNS) is a global investment manager specializing in real assets and alternative income, with a focus on listed and private real estate, preferred securities, infrastructure, resource equities, commodities and multi-strategy solutions. Founded in 1986 and headquartered in New York City, the firm also maintains offices in London, Dublin, Hong Kong, Tokyo and Singapore, and regularly reports on its business through press releases and regulatory filings.
This news page aggregates company announcements and updates related to Cohen & Steers and its investment vehicles. Readers can find information on preliminary assets under management and net flows, where the firm breaks down AUM across institutional advisory and subadvisory accounts, open-end funds and closed-end funds, and explains the impact of market movements, net flows and distributions. The page also features notices for Cohen & Steers-managed closed-end funds such as UTF, RQI, RFI, RNP and FOF, including details on managed distribution policies and the estimated sources of monthly distributions.
In addition to fund-related disclosures, the news feed includes corporate developments such as leadership appointments, regional management changes and updates on the firm’s private real estate operations. Earnings release schedules and information about upcoming conference calls are also highlighted, indicating when quarterly and full-year results will be available and how investors and analysts can access related materials.
By reviewing the items on this page, investors can see how Cohen & Steers communicates on topics like distribution composition, fund performance metrics, assets under management trends and organizational changes. This historical record of press releases and notices provides context around the company’s activities in real assets and alternative income across its global platform.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) has announced its distribution for August 2024, to be paid on August 30, 2024. The Fund follows a managed distribution policy implemented in December 2017, aiming to deliver long-term total return potential through regular monthly distributions. For August 2024, the distribution is $0.1360 per share, entirely sourced from net investment income. Year-to-date distributions total $1.0880 per share. The Fund's year-to-date cumulative total return is 8.07%, with a cumulative distribution rate of 5.08%. The Fund's five-year average annual total return is 6.39%, with a current annualized distribution rate of 7.62%.
Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) has announced its distribution for August 2024, to be paid on August 30, 2024. The Fund follows a managed distribution policy aimed at delivering long-term total return through regular monthly distributions. For August 2024, the distribution is $0.0800 per share, with 93.37% coming from net realized long-term capital gains and 6.63% from net investment income.
The Fund's year-to-date cumulative total return from January 1 to July 31, 2024, is 6.94%, with a cumulative distribution rate of 4.81%. The Fund's five-year average annual total return ending July 31, 2024, is 6.76%, with a current annualized distribution rate of 7.21%. Shareholders are advised that the Fund may be distributing more than its income and capital gains, potentially including a return of capital.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) has announced its distribution sources for August 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 August 2024, the distribution of $0.1550 per share comprises 52.32% from net investment income and 47.68% from net realized long-term capital gains. Year-to-date, the Fund's distributions consist of 43.53% net investment income and 56.47% net realized long-term capital gains. The Fund's year-to-date cumulative total return is 10.94%, with a cumulative distribution rate of 5.12%. The five-year average annual total return ending July 31, 2024, is 6.12%, with a current annualized distribution rate of 7.68%.
Cohen & Steers, Inc. (NYSE: CNS) has appointed Lisa Dolly to its Board of Directors. Ms. Dolly, former CEO of Pershing , will also serve on the Board's Audit, Compensation, and Nominating and Corporate Governance Committees. With over 30 years of experience at Pershing, including senior leadership roles, Ms. Dolly brings extensive expertise to CNS. Martin Cohen, Chairman of the Board, and Joseph Harvey, CEO & President, expressed enthusiasm about Ms. Dolly's appointment, highlighting her diverse leadership experience and industry knowledge as valuable assets for the firm and its shareholders.
Cohen & Steers, Inc. (NYSE: CNS) has announced changes to its Global Realty Majors Portfolio Index (GRM) and International Realty Majors Portfolio Index (IRP), effective August 16, 2024. The updates include the addition of Stockland and KDX Realty Investment Corp., while removing Mirvac Group and Orix JREIT Inc. from both indexes. These indexes are free-float adjusted, modified market capitalization-weighted total return indexes of selected real estate equity securities, quoted intraday on a real-time basis by the Chicago Mercantile Exchange. The indexes employ a qualitative screening process to emphasize companies that Cohen & Steers believes are leading the global real estate securitization. They can be used for various purposes, including indexing benchmarks, stock selection universes, and performance benchmarks.
Cohen & Steers (NYSE: CNS) reported preliminary assets under management (AUM) of $84.6 billion as of July 31, 2024, marking a $3.9 billion increase from June 30, 2024. This growth was primarily driven by market appreciation of $4.1 billion, partially offset by distributions of $153 million and net outflows of $45 million.
The company's AUM breakdown shows:
- Institutional Accounts: $33.8 billion
- Open-end Funds: $39.4 billion
- Closed-end Funds: $11.4 billion
Cohen & Steers, Inc. (NYSE: CNS) has announced its quarterly dividend for the third quarter of 2024. The Board of Directors has declared a cash dividend of $0.59 per share of common stock. This dividend will be payable on August 22, 2024 to stockholders of record at the close of business on August 12, 2024. This announcement demonstrates the company's commitment to returning value to its shareholders through regular dividend payments.
Cohen & Steers Income Opportunities REIT (CNSREIT) has announced the acquisition of Des Peres Corners, a grocery-anchored shopping center in Des Peres, Missouri, in partnership with Phillips Edison & Company (PECO). This acquisition is part of a $300 million programmatic joint venture, with CNSREIT owning 80% and PECO 20%. The 121,000 square foot center, built in 2009, is 90% occupied and anchored by a 74,000 square foot Schnucks grocer.
The joint venture aims to leverage PECO's expertise in acquiring open-air, grocery-anchored shopping centers. Des Peres, a growing St. Louis suburb, boasts strong retail occupancy rates and an affluent submarket. This partnership is expected to drive value and generate attractive returns for both entities, while providing CNSREIT shareholders with access to superior deal flow and operating capabilities.
Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) has announced its July 2024 distribution details. The Fund follows a managed distribution policy to deliver long-term total return potential through regular monthly distributions. For July 2024, the distribution is $0.0800 per share, with sources including:
- 7.00% from Net Investment Income
- 18.63% from Net Realized Long-Term Capital Gains
- 74.37% from Return of Capital
Year-to-date, the Fund has distributed $0.5600 per share. The Fund's year-to-date cumulative total return is -0.07%, with a cumulative distribution rate of 4.89%. The Fund's five-year average annual total return is 4.93%, with a current annualized distribution rate of 8.38%.
Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) has announced its July 2024 distribution details. The Fund follows a managed distribution policy to deliver long-term total return potential through regular monthly distributions. For July 2024, the distribution is $0.1360 per share, entirely sourced from net investment income. Year-to-date distributions total $0.9520 per share. The Fund's year-to-date cumulative total return is 2.84%, with a cumulative distribution rate of 4.64%. Over a five-year period ending June 30, 2024, the Fund's average annual total return is 5.78%, with a current annualized distribution rate of 7.95%.