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.