Cohen & Steers Inc Stock Price, News & Analysis

Cohen & Steers, Inc. (NYSE:CNS) reported its financial results for the quarter ending March 31, 2023, highlighting its leadership in global investment management focused on real assets and alternative income.

Details of the earnings release and presentation can be found on their website. A conference call is scheduled for April 20, 2023, at 10:00 a.m. ET, hosted by key executives including CEO Joseph Harvey and CFO Matthew Stadler. Investors can join via phone or webcast. For additional information on the firm’s investment strategies, visit their official site.

Cohen & Steers, Inc. (NYSE: CNS) plans to release its first quarter 2023 results on April 19, 2023, after market close. The earnings release and presentation will be available on their website. A conference call will take place the following day, April 20, 2023, at 10:00 a.m. ET, featuring CEO Joseph Harvey, CFO Matthew Stadler, and CIO Jon Cheigh, who will discuss the company's operating results and future outlook. Investors can access the call via a dedicated phone line or webcast, and a replay will be available for two weeks after the event. Cohen & Steers is a leading global investment manager focusing on real assets and alternative income strategies, with headquarters in New York City and offices worldwide.

Cohen & Steers reported preliminary assets under management (AUM) of $79.9 billion as of March 31, 2023, reflecting a decrease of $3.6 billion from February 28, 2023. This decline was attributed to market depreciation of $2.6 billion, net outflows of $700 million, and distributions totaling $318 million.

The AUM breakdown includes significant losses in institutional accounts and open-end funds, contributing to the overall drop. The company's focus remains on real assets and alternative income, indicating a strategy aimed at stabilizing and growing their portfolio despite current market challenges.

The press release from Cohen & Steers Total Return Realty Fund (RFI) provides details about the distribution scheduled for March 31, 2023. The Fund follows a managed distribution policy since December 2011, aiming for stable monthly distributions while allowing capital gain realization throughout the year. The current distribution is $0.0800 per share, with 74.75% coming from net investment income. The year-to-date cumulative total return for fiscal year 2023 is 4.66%, while the average annual total return over the last five years is 8.35%. Shareholders receive Form 1099-DIV for tax reporting, and distributions may vary based on market conditions.

Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) announced its distribution details for March 31, 2023. The Fund follows a managed distribution policy aimed at delivering long-term returns through monthly fixed-rate distributions. The current distribution of $0.1550 per share consists of net investment income, short-term and long-term capital gains, with a portion possibly being a return of capital. The Fund's year-to-date cumulative total return as of February 28, 2023, is -1.22%, with a cumulative distribution rate of 1.96%. Investors are cautioned that a return of capital might not reflect the performance of the Fund's investments.

Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) announced its distribution sources ahead of the payment on March 31, 2023. The Fund's managed distribution policy, initiated in December 2017, allows for regular monthly distributions based on long-term capital gains. The current distribution totals $0.1360 per share, entirely attributed to long-term capital gains. Year-to-date cumulative total return as of February 28, 2023, is 6.95%, with a cumulative distribution rate of 1.92%. The Fund's five-year average annual total return stands at 8.80%, alongside a current annualized distribution rate of 7.69%. These distributions are affected by various factors including market conditions.

The press release from Cohen & Steers Quality Income Realty Fund (NYSE: RQI) informs shareholders about the distribution sources for payments due on March 31, 2023. The Fund adheres to a managed distribution policy established in December 2012, allowing it to distribute capital gains regularly. The upcoming distribution consists entirely of estimated long-term capital gains of $0.08 per share. The Fund's year-to-date cumulative total return stands at 6.77%, with a cumulative distribution rate of 1.86%. Shareholders will receive a Form 1099-DIV for tax reporting purposes at the end of the year.

The Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) announced details about the distribution payments to shareholders, scheduled for March 31, 2023. The Fund's managed distribution policy, implemented in December 2021, allows for regular monthly payments to enhance long-term returns. The current distribution is set at $0.0870 per share, which comprises net investment income and return of capital. Year-to-date cumulative total return is reported at 4.25%, with a cumulative distribution rate of 2.39%. Shareholders should note that a portion of the distribution may be a return of capital, which impacts tax basis rather than taxable income.