RLTY: A Discounted CEF Providing Exposure To Beaten Down REITs [Seeking Alpha]
Cohen & Steers Real Estate Opportunities and Income Fund (RLTY)
Company Research
Source: Seeking Alpha
The fund had a tough time shortly after its launch, but 2023 was much more kind to the fund, and the future looks brighter as well. RLTY's distribution rate comes to an attractive 9.32%, which is paid monthly to investors. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » Written by Nick Ackerman, co-produced by Stanford Chemist. Cohen & Steers Real Estate Opportunities and Income Fund ( NYSE: RLTY ) is trading at an attractive discount in the real estate sector, and it is also trading at attractive valuations. Real estate investments trust and preferred, which RLTY is invested in, took a significant hit when interest rates and yields rose. That caused rates for borrowings to rise, which is one of the main ways that REITs can use to grow. Similarly, RLTY is also a leveraged closed-end fund that pays borrowings based on a floating rate. Therefore, this fund saw its own borrowing costs increase as wel
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Sec Filings
- 3/25/24 - Form 4
- 3/13/24 - Form N-CEN
- 3/8/24 - Form N-CSR
- RLTY's page on the SEC website