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. (CNS) news coverage tracks developments at one of the investment management industry's most specialized firms. Unlike diversified asset managers, Cohen & Steers focuses exclusively on liquid real assets—real estate securities, listed infrastructure, preferred securities, and commodities—making its business updates particularly relevant for investors interested in these alternative income categories.
News from Cohen & Steers typically covers several distinct areas. The firm regularly announces assets under management figures and net flow data, providing insight into investor demand for real asset strategies. Distribution announcements from the company's closed-end funds appear frequently, as these NYSE-traded vehicles pay regular income to shareholders. The firm also reports on portfolio management changes, product launches, and strategic partnerships that expand its distribution capabilities.
As a publicly traded asset manager, Cohen & Steers releases quarterly earnings that reveal how fee revenue responds to market conditions affecting REITs, infrastructure stocks, and preferred securities. These reports show whether the firm is gaining or losing market share in its specialized categories and how operating margins compare across business cycles.
Beyond corporate announcements, coverage includes the firm's market commentary on real estate, infrastructure, and income-oriented asset classes. Cohen & Steers investment professionals frequently publish research perspectives that influence how institutional investors think about allocations to these sectors. Following this news stream helps investors understand both the company's business trajectory and broader trends in real asset markets.
Cohen & Steers (NYSE: CNS) announced the appointment of David Conway as Head of Wholesale Distribution, EMEA. With over two decades of international experience, Conway previously served as Global Sales Director at Jupiter Asset Management. His leadership aims to enhance Cohen & Steers' fund business among financial intermediaries in Europe and the Middle East. This move follows recent appointments aimed at scaling the firm's European operations, which recorded a 24% organic growth and net inflows of $3.4 billion in Q2.
Cohen & Steers (NYSE: CNS) has invested approximately $100 million in Lineage Logistics, the leading provider of temperature-controlled logistics solutions. This investment targets the growing demand for innovative cold storage amidst evolving food supply chains. Lineage, with over 1.9 billion cubic feet across 320 facilities in 13 countries, is well-positioned for future growth. This strategic move aligns with Cohen & Steers' goal to generate alpha through private real estate investments, particularly in a post-pandemic environment where companies seek capital partners.
Cohen & Steers reported preliminary assets under management (AUM) of $72.1 billion as of August 31, 2020, reflecting an increase of $1.9 billion compared to July 31, 2020. This rise was driven by net inflows of $1.0 billion and market appreciation of $1.2 billion, though offset by distributions totaling $211 million.
The firm specializes in liquid real assets and is headquartered in New York City. The increase in AUM highlights growth in investment management capabilities.
Cohen & Steers MLP Income and Energy Opportunity Fund (MIE) has repurchased 115,682 outstanding shares since the last update on August 4, 2020, totaling 508,250 shares for the year-to-date as of August 31, 2020. This buyback is part of an authorized program allowing repurchases of up to 10% of outstanding shares. The total shares repurchased since inception on March 26, 2013, is 661,912. The management retains discretion over future repurchases, and there are no guarantees of additional buybacks.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) has announced the distribution sources for the $0.1550 payment due on August 31, 2020. Implemented in March 2015, the managed distribution policy aims to provide long-term returns through regular monthly payments. The current distribution comprises 78% net investment income, 22% return of capital, with no short- or long-term capital gains reported. Cumulative total return for 2020 stands at -11.02%, while the average annual total return over five years is 7.68%. Investors are advised that a portion of the distribution may be taxable as a return of capital.
The press release informs shareholders of Cohen & Steers Total Return Realty Fund (NYSE: RFI) about the sources for the upcoming distribution on August 31, 2020, and cumulative distributions for the fiscal year. The Fund follows a managed distribution policy, allowing for monthly distributions that may include net investment income, capital gains, and return of capital. As of August 2020, the total current distribution is $0.0800 per share. The Year-to-date cumulative total return is reported at -6.46%, while the average annual total return over five years stands at 6.59%. Shareholders will receive a Form 1099-DIV for tax reporting.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced the distribution of $0.1240 per share for August 2020, part of its managed distribution policy initiated in December 2017. This policy is designed to provide long-term total return through fixed monthly distributions. The current distribution consists of 9.52% from net investment income and 90.48% from net realized short-term capital gains, while cumulative year-to-date distributions total $0.9920 per share. Shareholders are advised that tax characteristics will be finalized in the Form 1099-DIV after the fiscal year.
The press release from Cohen & Steers Limited Duration Preferred and Income Fund details the distribution to shareholders scheduled for August 31, 2020. The Fund has a managed distribution policy aimed at delivering long-term returns through regular distributions. The August distribution is $0.1430 per share, with sources including net investment income and return of capital. Year-to-date cumulative total return is -4.87%, with a cumulative distribution rate of 5.08%. The current annualized distribution rate is 7.14% for 2020. Shareholders will receive a Form 1099-DIV for tax purposes.
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced its distribution sources for August 31, 2020. The managed distribution policy, active since December 2012, allows the Fund to distribute long-term capital gains regularly. For August, the total current distribution per share is $0.0800, comprising $0.0657 in net investment income (82.12%) and $0.0143 in short-term capital gains (17.88%). Year-to-date, the Fund's cumulative total return stands at -11.31%, while the cumulative distribution rate is 5.13%. Shareholders will receive a Form 1099-DIV for tax reporting purposes after the year-end.
Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced its monthly distribution of $0.1570 per share, payable on August 31, 2020. The Fund's managed distribution policy, in place since December 2016, allows for regular monthly distributions and provides flexibility in realizing long-term capital gains. This month’s distribution consists of $0.1294 from net investment income and $0.0276 from return of capital. Year-to-date cumulative total return is -4.38%, with a cumulative distribution rate of 5.40%. Shareholders will receive a Form 1099-DIV for tax reporting.
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