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Cohen & Steers REIT and Preferred and Income Fund

RNP

Market cap $936M

19.49 USD

-0.02

0.1%

At close Updated Sep 15, 4:00 PM EDT

1 day

-0.1%

5 days

-1.91%

1 month

-4.69%

3 months

-4.69%

6 months

-5.62%

Year to date

-2.35%

1 year

-12.84%

5 years

-30.27%

10 years

-3.13%

About: 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 its total assets in common stocks issued by real estate investment trusts (REITs) and preferred securities under normal circumstances. The Fund seeks to achieve its objectives through a portfolio of income producing common stock issued by REITs and preferred and other debt securities.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 37.5%

Neutral 62.5%

Negative 0%

RNP: Attractive Distribution And Discount Makes This A Tempting Income Play

Cohen & Steers REIT & Preferred & Income Fund offers a compelling blend of REIT and preferred securities, currently trading at a -6.26% discount. RNP's 8.04% distribution yield remains stable and manageable, supported by a balanced 51/49% REIT/fixed-income portfolio and prudent management. Short-term headwinds from rising interest rates and higher borrowing costs are offset over the long term by RNP's quality management, balanced approach, and attractive valuation.

RNP: Attractive Distribution And Discount Makes This A Tempting Income Play

10 Best CEFs This Month: Average Yield Of Near 10% (August 2026)

The article presents a rigorously screened list of 10 top closed-end funds, or CEFs, for income investors, offering an average 10% yield and nearly 5% NAV discount. Selections emphasize sector diversification, long-term outperformance, sustainable distributions, and attractive valuations, with a focus on both equity and credit-oriented CEFs. CEFs are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone.

10 Best CEFs This Month: Average Yield Of Near 10% (August 2026)

Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) Notification of Sources of Distribution Under Section 19(a)

NEW YORK, Aug. 28, 2026 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) (the "Fund") with information regarding the sources of the distribution to be paid on August 31, 2026 and cumulative distributions paid fiscal year-to-date. In December 2017, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission.

Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) Notification of Sources of Distribution Under Section 19(a)

2 Income Opportunities With +8% Yields

We navigate similar market conditions, but have very different financial objectives. Pokémon and investing have a few elements in common. A winning team has contrasting strengths. Discover our top picks offering yields of up to 12%.

2 Income Opportunities With +8% Yields

Rates Retake The Spotlight

U.S. equity markets pulled back from record highs this week as long-term Treasury yields remained elevated, with renewed fiscal concerns after federal debt crossed $40T. Oil prices extended their rebound as stalled Iran negotiations and severely depressed Strait of Hormuz tanker traffic kept geopolitical risk elevated, pushing WTI crude another 5% higher to nearly $87/barrel. Housing data remained soft as starts, pending sales, and builder sentiment stayed depressed amid mortgage rates near 6.7%, but weak construction continued to reinforce the underlying housing shortage.

Rates Retake The Spotlight

Winners Of REIT Earnings Season

REITs concluded a surprisingly strong earnings season, with 83 REITs - or 83% - raising full-year FFO guidance, just 4% lowering, and the average outlook increasing 1.4% from prior guidance. Strong Fundamentals, Weak Tape: REITs slipped modestly during earnings season despite widespread guidance raises, as renewed interest-rate pressure outweighed improving property-level trends and earnings momentum. Upside standouts included Hotel, Industrial, Data Center, Billboard, Office, Senior Housing/Skilled Nursing, and Single-Family Rental REITs, while Self-Storage finally showed a convincing pricing inflection.

Winners Of REIT Earnings Season

REITs Increasingly Favoring At-The-Market Offerings When Issuing Equity

With low valuations for the sector overall, follow-on common equity offerings for US real estate investment trusts have declined significantly in recent years. US equity REITs have largely preferred issuing common stock through at-the-market offering programs as opposed to more standard follow-on equity offerings in recent years. US REITs raised $77.58 billion through common stock sold under their ATM programs between July 1, 2022, and March 31, 2026.

REITs Increasingly Favoring At-The-Market Offerings When Issuing Equity

Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) Notification of Sources of Distribution Under Section 19(a)

NEW YORK, July 28, 2026 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) (the "Fund") with information regarding the sources of the distribution to be paid on July 31, 2026 and cumulative distributions paid fiscal year-to-date. In December 2017, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission.

Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) Notification of Sources of Distribution Under Section 19(a)

The REIT Recovery Broadens Beyond Rates

As REIT earnings season kicks into gear this week, we preview results and major sector trends based on recent operating indicators, company commentary, and real estate market data. REITs enter earnings season with solid momentum, outperforming the market despite elevated Treasury yields and geopolitical volatility, as investors refocus on earnings growth, property fundamentals, dividends, M&A, and capital allocation. Encouraging green shoots have become more plentiful, including resilient hotel demand, robust senior housing growth, improving apartment and industrial fundamentals, and a rebound in retail leasing following a softer Q1.

The REIT Recovery Broadens Beyond Rates

RNP: Buy The Discount Opportunity But Watch The Borrowing Costs

I'm maintaining a buy on RNP, which now trades at a ~6.96% discount to NAV against a five-year average near 1.2%, one of the widest levels in years. RNP runs a blended portfolio, roughly 52% REIT common stock and 48% preferred and fixed-income, giving it a mechanism to generate income even when the REIT market trades sideways. RNP carries ~31% effective leverage with 40% of it at variable rates.

RNP: Buy The Discount Opportunity But Watch The Borrowing Costs

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