Real Estate Securities

Real Estate Securities

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.

Despite the prospect of near-term volatility, REITs are well positioned to help mitigate higher interest rates, sticky inflation and challenging economic conditions, in our opinion

REITs

REITs have historically delivered strong performance following interest-rate increases

Listed real estate securities are well positioned to withstand elevated inflation as well as stagflation

REITs have solid dividend growth prospects and cash flow growth estimates above their historical average

Why we see favorable entry points emerging for REITs
January 2023 | 18 mins
Listed REITs have likely priced in a recession; Our analysis points to a recovery next.
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Jason A. Yablon


What we believe investors should know about Non-Traded REIT redemptions
December 2022 | 6 mins
Recent redemption limits placed on some notable Non-Traded REITs (NTRs) are generating headlines, but we believe there are several points investors may be missing. We do not think this reflects broad economic or systemic risk. Rather, this demonstrates how, as expected, listed real estate typically leads the private market in both selloffs and recoveries. Read why we believe recent news that NTRs limited redemptions underscores the opportunity we see in listed real estate.
Recession and the roadmap for listed and private real estate
September 2022 | 17 mins
We see an economic backdrop that will create an opportunity for strong vintage returns for both listed and private real estate. Both cyclical and secular shifts are likely to create investment opportunities, and we think allocating across both private and listed real estate will be critical.
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James Corl

Strong foundations: The case for real estate securities
August 2022 | 37 mins
Listed real estate offers access to high-quality assets with strong growth potential, providing an efficient, liquid vehicle for investors seeking the unique benefits of the asset class.
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Jason A. Yablon

Rising rents matter more to REITs than rising rates
July 2022 | 14 mins
Despite the prospect of near-term volatility, REITs are well positioned to help mitigate higher interest rates, sticky inflation and challenging economic conditions, in our opinion.

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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.

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Jon Cheigh, Executive Vice President, Chief Investment Officer and Head of Real Estate, leads the investment department and oversees the real estate team.

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Rogier Quirijns, Senior Vice President, is Head of Europe Real Estate and a senior portfolio manager and oversees the research and analyst team for European real estate securities.

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William Leung, Senior Vice President, is Head of Asia Pacific Real Estate and a portfolio manager for global real estate securities portfolios.

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Jason A. Yablon, Executive Vice President, is Head of U.S. Real Estate and a senior portfolio manager for U.S. real estate securities portfolios and oversees the research process for U.S. real estate securities.

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Mathew Kirschner, CFA, Senior Vice President, is a portfolio manager for U.S. real estate securities portfolios.

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Leonard Geiger, CFA, Senior Vice President, is a portfolio manager and a senior research analyst who oversees the research of the office and residential sectors in Europe.

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Ji Zhang, CFA, Senior Vice President, is a portfolio manager for global real estate portfolios.

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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.

Investing in Real Estate Securities

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Real estate securities allow investors to access the beneficial investment characteristics of real estate ownership, while addressing some of the challenges that arise from the capital-intensive and illiquid process of investing in properties directly. Portfolio Specialist Evan Serton provides a brief overview of the global REIT market, its attributes, and Cohen & Steers' approach to investing in this unique asset class.

ESG: opportunities and challenges within real estate

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The intersection of listed and private real estate

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We believe optimizing real estate portfolios requires access to both listed and private markets.

Office sector headwinds and opportunities

Watch video

Office landlords have been heavily impacted by the pandemic and now face uncertainty as tenants evaluate their needs in hybrid working environments.

REIT investing and the active advantage

Watch video

The diversity and complexity of the modern REIT market give specialist managers a wide field of opportunities to potentially enhance returns.

Investing in Real Estate Securities

Real estate securities allow investors to access the beneficial investment characteristics of real estate ownership, while addressing some of the challenges that arise from the capital-intensive and illiquid process of investing in properties directly. Portfolio Specialist Evan Serton provides a brief overview of the global REIT market, its attributes, and Cohen & Steers' approach to investing in this unique asset class.

Watch video

ESG: opportunities and challenges within real estate

Watch video

The intersection of listed and private real estate

We believe optimizing real estate portfolios requires access to both listed and private markets.

Watch video

Office sector headwinds and opportunities

Office landlords have been heavily impacted by the pandemic and now face uncertainty as tenants evaluate their needs in hybrid working environments.

Watch video

REIT investing and the active advantage

The diversity and complexity of the modern REIT market give specialist managers a wide field of opportunities to potentially enhance returns.

Watch video

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