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

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, 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.

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.

REIT investing and the active advantage

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

REITs in a rising rate environment

Watch video

Whether looking at global or U.S. real estate, REITs have generally performed very well during times of higher interest rates. But it is important to understand and focus on what is driving interest rates.

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

REITs in a rising rate environment

Whether looking at global or U.S. real estate, REITs have generally performed very well during times of higher interest rates. But it is important to understand and focus on what is driving interest rates.

Watch video

Investment strategies

Global Real Estate Securities

Our broadest real estate portfolio, providing an efficient means of allocating to globally listed real estate

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U.S. Realty Total Return

Seeks to maximize total return, with a balance of capital appreciation and current income, by investing in a diversified portfolio of U.S. REITs and other real estate securities

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Real Estate Opportunities

Diversified U.S. REIT portfolio with opportunistic allocations to real estate debt and preferred securities, REITs, international real estate securities and options

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Next Generation Real Estate

Invests in real estate sectors related to e-commerce and properties that support the digital economy, as well as those close to the changing residential needs of key demographic cohort

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International Real Estate Securities

Portfolio of REITs and other real estate securities across Asia Pacific, Europe and Canada with opportunistic allocations to emerging markets

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Global Rental Securities

Diversified portfolio of global real estate securities that derive a majority of revenue from income-producing real estate properties

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