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TheStreet Open House

A REIT and Fund Company With a Low Profile

Yet, the three-month average daily volume is just slightly more than 24,000 shares traded per day, and the fund's net assets as of the end of November 2012 were less than $100 million. GRI seeks to replicate the performance of an index called the Cohen & Steers Global Realty Majors Index.

This index consists of the largest and most liquid securities within the global real estate universe that Cohen & Steers Capital Management believes are likely to lead the global securitization of real estate.

GRI includes some big-name U.S. companies including Simon Property Group (SPG) and HCP (HCP).


Its top holding is "The Mitsubishi Estate," which boasts the leading position in the Japanese market, operating a spectrum of businesses in diverse fields related to real estate, including an office building business centered on the Marunouchi district in central Tokyo, a retail property business, a residential business and a hotel business.

CNS announced on April 3 the addition of a leading commodities research and investment team to its New York headquarters. The four-member commodities team joined the firm effective April 8 to further expand Cohen & Steers' capabilities in real assets investing.

"The expansion of our capabilities in commodities speaks to Cohen & Steers' long-term commitment to investment leadership in real assets strategies," said Martin Cohen, co-chairman and co-chief executive officer of Cohen & Steers. "Along with our market-leading real estate and listed infrastructure capabilities, we believe commodities are an important component of well-diversified investment portfolios."

As you look at a five-year chart of CNS you can see how the shares rose from the ashes of the real estate debacle of 2007-2009 and have soared prosperously. Its free cash flow took a nosedive in early 2012 but has since skyrocketed. CNS Chart CNS data by YCharts

The estimated EPS from five analysts on average is looking for the same 41 cents per share for this quarter as the year-ago quarter. When it comes to sales growth and revenue the analysts have an average consensus estimate of $73.65 million, which would be a 15.6% increase over the year-ago quarter.

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