RFI

Cohen & Steers Total Return Realty Fund

RFI

Market cap $321M

Overview Fund Activity

12.02 USD

-0.01

0.08%

At close Updated Sep 12, 4:00 PM EDT

1 day

-0.08%

5 days

-0.66%

1 month

0.84%

3 months

0.17%

6 months

1.26%

Year to date

3.8%

1 year

-8.94%

5 years

-9.42%

10 years

-0.25%

About: Cohen & Steers Total Return Realty Fund Inc is a diversified, closed-end management investment company. Its investment objective is to achieve a high total return through investment in real estate securities. The Fund invests majority of its total assets in the equity securities of real estate companies under normal circumstances, which includes common shares, REITs, rights or warrants, convertible securities, and preferred shares.

Financials Asset Management

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

500% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 1

5% more funds holding

Funds holding: 73 [Q1] → 77 (+4) [Q2]

5% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 21

1.77% less ownership

Funds ownership: 19.21% [Q1] → 17.44% (-1.77%) [Q2]

10% less capital invested

Capital invested by funds: $62M [Q1] → $55.9M (-$6.05M) [Q2]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

See Fund Rankings

Financial journalist opinion

Based on 3 articles about RFI published over the past 30 days

RFI: Attractive Valuation In Anticipation Of Lower Rates

RFI offers diversified real estate exposure and an 8% yield, letting investors collect income without property management hassles. Despite recent underperformance, due to high-interest rates, RFI has outperformed traditional real estate ETFs on a total return basis. Dividend coverage is inconsistent and relies on realized gains, so sustained high rates could pressure payouts, though management values steady distributions.

RFI: Attractive Valuation In Anticipation Of Lower Rates

Cohen & Steers Total Return Realty Fund, Inc. (RFI) Notification of Sources of Distribution Under Section 19(a)

NEW YORK , Aug. 28, 2025 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) (the "Fund") with information regarding the sources of the distribution to be paid on August 29, 2025 and cumulative distributions paid fiscal year-to-date. In December 2011, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission.

Cohen & Steers Total Return Realty Fund, Inc. (RFI) Notification of Sources of Distribution Under Section 19(a)

Powell Pivot Sparks REIT Rebound

U.S. equity markets notched another series of record highs this week, surging into the weekend after surprisingly dovish commentary from Federal Reserve Chair Powell, who hinted at imminent rate cuts. Powell used his final Jackson Hole speech as Fed Chair to deliver a clear policy pivot, an unexpected reversal after months of insistence that tariff-related inflation warranted a hawkish framework. Markets were equally relieved by the policy-focused nature of Powell's speech amid speculation that the address may be used instead as a potential defiant sermon on central bank independence.

Powell Pivot Sparks REIT Rebound

Disinflation Dividend: REIT Earnings Scorecard

A surprising solid REIT earnings season wrapped up this week. Of the 100 equity REITs that provide full-year FFO guidance, 62% raised their outlook - above the historical 55% average. Disinflation was a surprisingly common thread across second-quarter results, with the majority of the upside revisions being driven by improved expense expectations - the highest quantity of expense reductions ever. Healthcare REITs were notable upside standouts as senior housing fundamentals remained stellar, while skilled nursing REITs received some good news on the policy front via healthy CMS Medicare rate increases.

Disinflation Dividend: REIT Earnings Scorecard

Behind The (Revised) Curve

U.S. equity markets fell sharply this week, while benchmark interest rates retreated to three-month lows, after revised employment data showed that job growth was far weaker than initially reported. The BLS payrolls report showed softer-than-expected hiring in July and the steepest two-month downward revisions to jobs growth since 2020, raising concern that the Fed may be "behind the curve." The downward revisions came days after Fed Chair Powell used it as the primary evidence for "solid" labor markets, which justified the FOMC's decision to keep rates in "restrictive" territory.

Behind The (Revised) Curve

Return-To-Office Shift Fuels Potential Turnaround For Office REITs

Return to office mandates are providing a boost to REITs. Some deal activity has also been a tailwind. Tariffs and slowing residential rent growth remain headwinds.

Return-To-Office Shift Fuels Potential Turnaround For Office REITs

Cohen & Steers Total Return Realty Fund, Inc. (RFI) Notification of Sources of Distribution Under Section 19(a)

NEW YORK , July 30, 2025 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) (the "Fund") with information regarding the sources of the distribution to be paid on July 31, 2025 and cumulative distributions paid fiscal year-to-date. In December 2011, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission.

Cohen & Steers Total Return Realty Fund, Inc. (RFI) Notification of Sources of Distribution Under Section 19(a)

Why Consider U.S. REITs Now?

Most US REITs make nearly 90% of their revenue domestically, compared to 72% for typical U.S. stocks. Healthcare, residential, and needs-based retail are less affected by trade disruptions, while office, lodging, and timber are more vulnerable. They're trading at a -2.79x earnings multiple discount to US stocks - one of the widest gaps in decades.

Why Consider U.S. REITs Now?

Powell Pressured As Inflation Cools

U.S. equity markets climbed to fresh record-highs this week after a critical slate of inflation data showed that tariff-driven inflation remains muted, while rumors of a potential Powell termination swirled. Supported by data this week showing that core inflation cooled to its slowest pace in over three years, the White House reignited the heat on the head of the Fed. Rebounding from modest declines last week, the S&P 500 advanced 0.6%, notching record highs in three of the past four weeks following a five-month drought.

Powell Pressured As Inflation Cools

RFI: An Attractive, Unleveraged Real Estate Fund With 8% Plus Yield

Cohen & Steers Total Return Realty offers reliable, high monthly income (8% yield) and sector diversification, making it suitable for conservative investors seeking steady distributions from real estate assets. The fund's zero leverage approach reduces risk, and its long-term performance has been decent despite the recent underperformance by the real estate sector. RFI is currently fairly priced, trading at a 3.36% premium to NAV, consistent with its historical range; we rate it a Hold at this level.

RFI: An Attractive, Unleveraged Real Estate Fund With 8% Plus Yield

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