Cohen & Steers Inc Stock Price, News & Analysis

Cohen & Steers (NYSE: CNS) announced modifications to its Realty Majors Portfolio Index (RMP) and Global Realty Majors Portfolio Index (GRM), effective at the close of business on November 18, 2022. Rexford Industrial Realty, Inc. (REXR.US) has been added to both indexes, while no components were removed. The indexes serve as market capitalization-weighted benchmarks for selected real estate securities and emphasize companies that are innovating in real estate securitization. They are independently calculated by Standard & Poor's.

Cohen & Steers reported preliminary assets under management (AUM) of $80.0 billion as of October 31, 2022, marking an increase of $773 million from September 30, 2022. This growth was attributed to market appreciation of $1.5 billion, which offset net outflows of $570 million and distributions totaling $172 million.

Key components of AUM included institutional accounts and various investment vehicles, indicating diverse sources of asset growth.

The Board of Directors of Cohen & Steers (NYSE: CNS) has declared a $0.55 cash dividend for the fourth quarter of 2022. This dividend will be payable on November 29, 2022, to shareholders on record as of November 14, 2022. Cohen & Steers is a global investment manager focused on real assets and alternative income, with a headquarters in New York City and offices in various international cities.

Cohen & Steers Total Return Realty Fund (NYSE: RFI) announced its upcoming distribution on October 31, 2022. The Fund follows a managed distribution policy established in December 2011, allowing for the fixed monthly distribution of capital gains and net investment income to shareholders. This month’s distribution totals $0.0800 per share. Year-to-date cumulative total return is reported at -24.11%, with a cumulative distribution rate of 6.12% for 2022. Shareholders will receive a Form 1099-DIV for tax reporting.

Cohen & Steers Select Preferred and Income Fund (PSF) announced the distribution details for October 31, 2022. This communication informs shareholders about the distribution sources, which include net investment income and return of capital. The Fund operates under a managed distribution policy, allowing for flexibility in capital gains realization. The year-to-date cumulative total return is reported at -17.22%, while the current annualized distribution rate stands at 7.96%. Shareholders will receive a Form 1099-DIV to report distributions for tax purposes.

The Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) announced the distribution sources for shareholders, to be paid on October 31, 2022. The Fund has adopted a managed distribution policy to enhance its long-term returns through regular monthly distributions. The current distribution includes components like net investment income and return of capital, totaling $0.0870 per share. However, it is noted that this distribution may reflect a return of capital, which reduces shareholders' tax basis. Year-to-date cumulative total return is reported at -23.50%, with a cumulative distribution rate of 7.71%.

Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced the distribution payment schedule for October 31, 2022. The fund follows a managed distribution policy aimed at providing regular monthly distributions to shareholders. The current monthly distribution is set at $0.0800 per share. For the fiscal year 2022, the total cumulative distributions amount to $0.8000 per share. As of September 30, 2022, the fund reported a -29.26% year-to-date cumulative total return and a 5.85% cumulative distribution rate, which may impact investor decisions.

Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announced distribution details for shareholders, effective October 31, 2022. The Fund, operating under a managed distribution policy since December 2016, aims to provide regular monthly distributions. The current distribution totals $0.1350 per share, with 70.96% attributed to net investment income. Year-to-date cumulative total return for 2022 stands at -14.98%. Shareholders are advised that a portion of distributions may represent a return of capital, impacting tax basis.

The press release from Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) outlines the distribution sources for payments on October 31, 2022. The Fund operates under a managed distribution policy, allowing for regular monthly payouts that include capital gains and return of capital. The October distribution totals $0.1360 per share, all sourced from long-term capital gains. Year-to-date, the Fund reports a cumulative total return of -25.05% and a cumulative distribution rate of 5.88%. Shareholders will receive Form 1099-DIV at year-end for tax reporting.