Cohen & Steers REIT and Preferred and Income Fund, Inc. — Cyborg Score 7/10
Strong
Asset Management / Closed-End Investment Funds
Strategic Profile
The fund invests in the public equity and fixed income markets of the United States, focusing on stocks of companies operating in the real estate sector including real estate investment trusts, and typically invests in debt and preferred securities of companies operating across diversified sectors. Cohen & Steers is a global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities and multi-strategy solutions.
Cyborg Score Rationale
The fund offers an 8.3% yield with monthly payouts and a 7.6% dividend yield, though distributions are largely fueled by return of capital and capital gains, with leverage of approximately 29% of assets. Strong income focus aligns with investor demand for yield, though distribution composition requires careful monitoring.
Top Insights
2025 revenue was $70.41 million (up 1.53%), but earnings declined 37.57% to $57.30 million, reflecting pressure on fund profitability.
RNP offers a compelling mix of REITs and preferred shares, with sector flexibility and thoughtful liability management.
Recent cash dividend announced was $0.136 with ex-date of April 14, 2026.
Market cap is approximately $1.0 billion.
Named Competitors
RQI — Quality Income Realty Fund - peer closed-end fund
RFI — Total Return Realty Fund - peer closed-end fund
Preferred Securities Income Fund — Competing preferred securities focused CEF