RLTY - RQI: Solid Closed-End Fund For REIT Exposure
2024-03-27 09:28:49 ET
Summary
- Cohen & Steers Quality Income Realty Fund provides exposure to the beaten-down real estate sector that could perform better going forward.
- A primary driver for REITs going forward is an expected bounce back with potential rate cuts on the horizon.
- The RQI closed-end fund can further benefit from seeing its borrowing costs ease as the interest rate swaps fall off over the coming years.
Written by Nick Ackerman, co-produced by Stanford Chemist.
We recently covered Cohen & Steers Quality Income Realty Fund's ( RQI ) younger sister fund, Cohen & Steers Real Estate Opportunities and Income Fund ( RLTY ). Both of these funds have quite a bit of overlapping exposure, but I hold them as positions nonetheless. RQI isn't overly expensive, but I would prefer RLTY at this time because it has a more attractive valuation than RQI. That said, the latest annual report has also been posted for RQI, and the fund is still a position in my portfolio, warranting an update....
RQI: Solid Closed-End Fund For REIT Exposure