Cohen & Steers REIT and Preferred and Income Fund

RNP

Market cap $1.03B

For nearly five decades, US REITs have delivered stronger returns than broad US stocks in the 12 months following Federal Reserve easing cycles. Rate cuts may increase the attractiveness of REIT dividends, potentially making them a compelling option for investors seeking yield potential and portfolio diversification. Data centers, telecom infrastructure, and health care REITs have historically benefited the most from lower rates due to long-duration leases and capital-intensive models.

NEW YORK , Sept. 29, 2025 /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 September 30, 2025 and cumulative distributions paid fiscal year-to-date.

Everyone needs support to grow – whether physical, emotional, or financial. Your portfolio is no different. You work hard to earn a living; your portfolio should be designed to work hard for you. We discuss two preferred picks with reliable yields of 7%-plus.

REITs performed very well in August (+5.48%), almost pulling the REIT sector's year-to-date total return back into the black (-1.11%). Small cap (+7.52%) and mid cap REITs (+7.13%) averaged strong gains in August while large caps (+3.16%) and micro caps (+0.87%) averaged more modest returns. 83.87% of REIT securities had a positive total return in August.

Interest rates are very likely set to go down. This creates a fruitful ground for REIT bulls to become optimistic. Yet, there is an important caveat to this.

RNP remains undervalued with a stable 7.3% yield and consistent monthly payouts, making it attractive for long-term income investors. The fund's blended approach between REITs and income securities offers sector diversity and resilience, supported by strong holdings in telecom, healthcare, and data centers. Despite trading at a premium to NAV, RNP's track record of steady distributions and NAV growth justifies its valuation, especially as interest rate cuts loom.

RNP offers a compelling mix of REITs and preferred shares, with sector flexibility and thoughtful liability management supporting its investability at current prices. The fund is positioned to benefit from deep value REIT sectors and secular growth, especially if interest rates decline as expected late 2025 or early 2026. Preferred shares in RNP's portfolio provide high yields and discounts, enhancing income potential with manageable risk, despite notable industry concentration.

NEW YORK , Aug. 28, 2025 /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 29, 2025 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.

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.

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.