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 has appointed Daniel Noonan as Executive Vice President and Head of the Wealth Management Consulting Group, effective June 5, 2024.
With over 20 years of experience, Noonan will lead teams focusing on RIAs, broker-dealers, U.S. private banks, multi-family offices, OCIO, and retirement channels. He reports to Dan Charles, Head of Global Distribution.
Noonan previously served as Senior Managing Director and Head of Enterprise Wealth and Private Capital Group at Nuveen. He also held leadership roles at PIMCO and State Street Global Advisors.
CEO Joe Harvey highlighted the firm's strategy to leverage real assets to address higher inflation, interest rates, and increased market volatility, aiming for attractive risk-adjusted returns and diversification.
Cohen & Steers (NYSE: CNS) and DLC Management have acquired a two-property open-air shopping center complex in Fayetteville, Arkansas, comprising Spring Creek Centre and Steele Crossing. The properties cover 403,000 sq ft and feature major tenants like TJ Maxx, Ulta, Best Buy, and Kohl's, achieving a 95% occupancy rate. Tenant-owned anchors include Walmart, Home Depot, and Target. The region is experiencing rapid growth, with the population expanding at 4.5 times the U.S. average. The Milken Institute ranked Fayetteville as the 7th Best Performing City in the U.S. in 2024. The centers are strategically located near three major highways, enhancing traffic and accessibility.
The Cohen & Steers Infrastructure Fund (NYSE: UTF) announced the sources of its distribution scheduled for May 31, 2024, and cumulative distributions paid year-to-date. The Fund operates under a managed distribution policy for regular monthly payouts, aimed at realizing long-term capital gains and distributing them throughout the year. The May 2024 distribution includes $0.1359 per share from net investment income and $0.0191 per share from long-term capital gains.
Year-to-date cumulative total return is 0.50%, with a cumulative distribution rate of 3.46%. The Fund's five-year average annual total return is 5.02%, and the current annualized distribution rate is 8.31%. Final tax characteristics of distributions will be provided on Form 1099-DIV after year-end.
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced the sources of its May 31, 2024 distribution and cumulative distributions for the fiscal year. The managed distribution policy aims to provide regular monthly distributions at a fixed rate per share, which can include capital gains, net investment income, and return of capital. The fund's current distribution of $0.08 per share is entirely return of capital. Year-to-date, the distribution sources are 20.08% net investment income, 0.92% long-term capital gains, and 79% return of capital. The fund's Year-to-date Cumulative Total Return is -9.36%, while the Average Annual Total Return over five years is 4.34%. The Current Annualized Distribution Rate stands at 8.34%.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) has announced details regarding the sources of its upcoming monthly distribution on May 31, 2024. The Fund operates under a managed distribution policy, aiming to provide consistent monthly payouts, which may include long-term and short-term capital gains, net investment income, and return of capital. For May 2024, the distribution per share is $0.1360, exclusively from net investment income. Year-to-date, the total distribution per share is $0.6800, also solely from net investment income. The Fund's year-to-date cumulative total return is -4.12%, while the cumulative distribution rate is 3.51%. Over the past five years, the average annual total return is 4.95%, and the current annualized distribution rate is 8.42%. Shareholders are advised that the final tax characteristics of distributions will be provided in Form 1099-DIV at year-end.
Cohen & Steers Total Return Realty Fund (NYSE: RFI) announced details on the distribution to be paid on May 31, 2024, and cumulative distributions for the fiscal year. The Fund follows a managed distribution policy to deliver long-term total returns through fixed monthly distributions. Distributions may include capital gains, net investment income, or return of capital. The Fund's Board can amend this policy anytime, potentially impacting the Fund's market price.
For May 2024, the distribution is $0.0800 per share, primarily from long-term capital gains (88.62%). Year-to-date, distributions total $0.4000 per share, with 58.74% being a return of capital. The Fund reported a YTD cumulative total return of -6.79% and a five-year average annual total return of 4.00% as of April 30, 2024. Investors should note that return of capital reduces their tax basis and is not immediately taxable.
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) has announced the sources of its distribution to be paid on May 31, 2024. The distribution includes 35.86% from net investment income and 64.14% from return of capital. The Fund implemented a managed distribution policy in December 2021 to provide regular monthly distributions at a fixed rate per share. This policy allows for flexibility in realizing and distributing long-term capital gains. The Fund's year-to-date cumulative total return through April 30, 2024, is 5.92%, with a cumulative distribution rate of 3.92%, and a five-year average annual total return of 5.43%. The policy may be amended or terminated by the Board of Directors, potentially affecting the market price of the Fund's shares. Shareholders will receive detailed tax information on Form 1099-DIV after the calendar year-end.
Cohen & Steers, Inc. (NYSE: CNS) reported preliminary assets under management of $77.2 billion as of April 30, 2024, showing a decrease of $4.1 billion from the previous month. The decrease was primarily due to market depreciation, net outflows, and distributions. The total AUM for the company stood at $77.2 billion.
Cohen & Steers, Inc. (CNS) announced a quarterly cash dividend of $0.59 per share for the second quarter of 2024, payable on May 23, 2024, to stockholders of record by May 13, 2024.
Cohen & Steers Quality Income Realty Fund, Inc. (RQI) provides shareholders with a distribution update, detailing sources of payments and fiscal year-to-date distributions. The managed distribution policy aims to deliver long-term total return potential through regular monthly distributions. The Fund's distributions may include various sources like long-term capital gains, short-term capital gains, net investment income, and return of capital. Shareholders should be aware that distributions may include a return of capital, not necessarily reflecting investment performance. The Fund's performance and distribution rate information is disclosed based on net asset value per share.