The modern REIT market is continuously evolving and expanding, providing access to a diverse global opportunity set led by new-economy property types. Integrating listed REITs with private real estate investments may provide benefits to implementation and return potential. REITs have historically been effective diversifiers, delivering strong, low-correlated returns, attractive dividends and inflation-hedging characteristics.
Listed real estate is well positioned in the current macroeconomic landscape and has historically provided high total returns and portfolio diversification
High potential for total return:
Listed real estate provides investors with access to accelerating fundamentals and strong growth trends, including technology and demographics, across a broad universe of securities.
Enhanced portfolio diversification:
Low correlations to traditional asset classes can enhance both absolute and risk-adjusted returns.
Favorable market conditions:
Lower yields, tight supply, and very attractive valuations vs. other risk assets all favor listed real estate.
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OUR TEAM
Cohen & Steers has been at the forefront of real estate investing for more than 30 years. Founded as the world’s first investment manager dedicated to real estate securities, we leverage our expertise in an effort to deliver superior results to our clients. Today, Cohen & Steers employs one of the world’s largest teams of investment professionals dedicated to real estate securities, with portfolio managers, research analysts and traders located in offices in New York, London and Hong Kong.
Jon Cheigh, President & Chief Investment Officer, leads the investment department.
Jason A. Yablon, Executive Vice President, is Head of Listed Real Estate and a senior portfolio manager for listed real estate securities portfolios and oversees the research process for listed real estate securities.
Mathew Kirschner, CFA, Senior Vice President, is a portfolio manager for U.S. real estate securities portfolios.
Ji Zhang, CFA, Senior Vice President, is a portfolio manager for global real estate portfolios
Harrison Klein, CFA, CFA, Senior Vice President, is a portfolio manager who covers the health care and data center sectors.
Rogier Quirijns, Senior Vice President, is a senior portfolio manager and oversees the research and analyst team for European real estate securities.
William Leung, Senior Vice President, is Head of Asia Pacific Real Estate and a portfolio manager for global real estate securities portfolios.
Dane Garrood, Senior Vice President, is a portfolio manager for Asia Pacific real estate securities portfolios and has security coverage responsibility for Australia and New Zealand.
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Important Disclosures
This information is provided for informational purposes only, and should not be construed as legal or tax advice. You should consult your legal or tax advisor regarding your individual circumstances. Diversification does not guarantee a profit or protect against a loss.
The views and opinions are as of the date of publication and are subject to change without notice. This material represents an assessment of the market environment at a specific point in time, should not be relied upon as investment advice and is not intended to predict the performance of any investment. We consider the information to be accurate, but we do not represent that it is complete or should be relied upon as the sole source of appropriateness for investment. There is no guarantee that any historical trend illustrated above will be repeated in the future, and there is no way to predict precisely when such a trend will begin. There is no guarantee that a market forecast set forth in this commentary will be realized.
Please consider the investment objectives, risks, charges and expenses of any U.S. Registered open-end fund carefully before investing. A summary prospectus and prospectus containing this and other information may be obtained by calling 1-800-330-7348 or clicking here. Please read the prospectus carefully before investing.
Risks of Investing in Real Estate Securities
Risks of investing in real estate securities are similar to those associated with direct investments in real estate, including falling property values due to increasing vacancies or declining rents resulting from economic, legal, political or technological developments, lack of liquidity, limited diversification and sensitivity to certain economic factors such as interest rate changes and market recessions. Foreign securities involve special risks, including currency fluctuations, lower liquidity, political and economic uncertainties, and differences in accounting standards. Some international securities may represent small- and medium-sized companies, which may be more susceptible to price volatility and less liquidity than larger companies. Securities of companies in emerging markets may be more volatile than those of companies in more developed markets. Emerging market countries generally have less developed markets and economies and, in some countries, less mature governments and governmental institutions. Investing in securities of companies in emerging markets may entail special risks relating to potential economic, political or social instability and the risks of expropriation, nationalization, confiscation or the imposition of restrictions on foreign investment, the lack of hedging instruments, and on repatriation of capital invested. The securities and real estate markets of some emerging market countries have in the past sometimes experienced substantial market disruptions and may do so in the future. The economies of many emerging markets countries may be heavily dependent on international trade and, accordingly, have been and may continue to be adversely affected by trade barriers, exchange controls, managed adjustments in relative currency values and other protectionist measures imposed or negotiated by the countries with which they wish to trade.