Cohen & Steers REIT and Preferredome Fund (Cohen & Steers REIT and Preferredome Fund) Debt-to-Equity : 0.45 (As of Dec. 2023)

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What is Cohen & Steers REIT and Preferredome Fund Debt-to-Equity?

Cohen & Steers REIT and Preferredome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Cohen & Steers REIT and Preferredome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $450.0 Mil. Cohen & Steers REIT and Preferredome Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $992.2 Mil. Cohen & Steers REIT and Preferredome Fund's debt to equity for the quarter that ended in Dec. 2023 was 0.45.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Cohen & Steers REIT and Preferredome Fund's Debt-to-Equity or its related term are showing as below:

RNP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.36 Max: 0.47
Current: 0.45

During the past 7 years, the highest Debt-to-Equity Ratio of Cohen & Steers REIT and Preferredome Fund was 0.47. The lowest was 0.30. And the median was 0.36.

RNP's Debt-to-Equity is ranked worse than
71.08% of 1020 companies
in the Asset Management industry
Industry Median: 0.19 vs RNP: 0.45

Cohen & Steers REIT and Preferredome Fund Debt-to-Equity Historical Data

The historical data trend for Cohen & Steers REIT and Preferredome Fund's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cohen & Steers REIT and Preferredome Fund Debt-to-Equity Chart

Cohen & Steers REIT and Preferredome Fund Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.30

0.36

0.31

0.47

0.45

Cohen & Steers REIT and Preferredome Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.31	0.41	0.47	0.47	0.45

Competitive Comparison of Cohen & Steers REIT and Preferredome Fund's Debt-to-Equity

For the Asset Management subindustry, Cohen & Steers REIT and Preferredome Fund's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cohen & Steers REIT and Preferredome Fund's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Cohen & Steers REIT and Preferredome Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cohen & Steers REIT and Preferredome Fund's Debt-to-Equity falls into.

Cohen & Steers REIT and Preferredome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cohen & Steers REIT and Preferredome Fund's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	450)	/	992.238
	=	0.45

Cohen & Steers REIT and Preferredome Fund's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	450)	/	992.238
	=	0.45

Cohen & Steers REIT and Preferredome Fund (NYSE:RNP) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Cohen & Steers REIT and Preferredome Fund Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Cohen & Steers REIT and Preferredome Fund's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Cohen & Steers REIT and Preferredome Fund (Cohen & Steers REIT and Preferredome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cohen & Steers REIT and Preferred Income Fund Inc (NYSE:RNP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

280 Park Avenue, New York, NY, USA, 10017

Website

https://www.cohenandsteers.com

Cohen & Steers REIT and Preferred Income Fund Inc is a diversified, closed-ended investment management fund. Its investment objective is to provide high current income with capital appreciation as its secondary objective. The Fund invests at least 80% of its total assets in common stocks issued by real estate investment trusts (REITs) and preferred securities under normal circumstances.

Executives

William F Scapell	officer: Vice President, other: Portfolio Manager	C/O COHEN & STEERS, 280 PARK AVENUE, NEW YORK NY 10017
Ramona Lynn Rogers-windsor	director	280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Jane F. Magpiong	director	280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Elaine Zaharis-nikas	other: Portfolio Manager	280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Jerry Dorost	other: Portfolio Manager	280 PARK AVENUE, NEW YORK NY 10017
Gerald J. Maginnis	director	280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10023
Adam M Derechin	director	C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Edward C Delk	officer: See Remarks	280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Christian Corkery	officer: Assistant Secretary	280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Ward C Edward Jr	director	C/O COHEN & STEERS, 280 PARK AVENUE, NEW YORK NY 10017
Stephen Murphy	officer: Deputy CCO	280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Jason Yablon	other: Portfolio Manager	280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Mathew Kirschner	other: Portfolio Manager	280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Margaret Mo	officer: Assistant Secretary	280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Daphne L Richards	director	280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017

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