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

3 Reasons to own listed REITs today
July 2024 | 5 mins
We see compelling evidence to own listed real estate in the current environment.

The Real Estate Reel: What’s actually driving listed REIT returns
June 2024 | 10 mins
While real rates are driving listed REITs performance so far this year, a function of the market now pricing in one to two interest rate cuts this year, we believe the market has become preoccupied with the timing and magnitude of interest rate cuts.
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Rich Hill

Capital Market Assumptions: Expectations for the next 10 years amid a generational change for markets
June 2024 | 22 mins
We expect higher fixed income and real asset returns alongside lower U.S. equity returns for the next decade.
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Jeffrey Palma

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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, leads the investment department.

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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 Listed Real Estate and a senior portfolio manager for listed real estate securities portfolios and oversees the research process for listed 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.

As private real estate sells off, our conviction in REITs grows

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Recent market events, including a downturn in private real estate, give us greater conviction in our analysis showing favorable entry points emerging for listed REITs.

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.

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

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

Why we see favorable entry points emerging for REITs Investing in Real Estate Securities

As private real estate sells off, our conviction in REITs grows

Recent market events, including a downturn in private real estate, give us greater conviction in our analysis showing favorable entry points emerging for listed REITs.

Watch video

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

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

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