Cohen & Steers REIT and Preferred Income Fund Balance Sheet Health
Financial Health criteria checks 1/6
Cohen & Steers REIT and Preferred Income Fund has a total shareholder equity of $992.2M and total debt of $450.0M, which brings its debt-to-equity ratio to 45.4%. Its total assets and total liabilities are $1.4B and $457.1M respectively. Cohen & Steers REIT and Preferred Income Fund's EBIT is $60.0M making its interest coverage ratio 2.8. It has cash and short-term investments of $1.1M.
Key information
45.4%
Debt to equity ratio
US$450.00m
Debt
| Interest coverage ratio | 2.8x |
| Cash | US$1.15m |
| Equity | US$992.24m |
| Total liabilities | US$457.10m |
| Total assets | US$1.45b |
Recent financial health updates
No updates
Recent updates
RNP: Lower Yield And Higher For Longer Make This A Hold Now (Rating Downgrade)
Mar 08RNP: Consistent 8% Income Yield And Potentially Market Matching Returns
Feb 04RNP: One Of The Best Real Estate Closed-End Funds
Dec 29RNP: Leveraged To Fed Rate Cuts
Nov 16RNP: High Quality 10% Yield From REIT Exposure
Nov 01RNP: A ~10% Distribution Rate As REITs Remain Pressured
Oct 07RNP Vs. RIET: I Prefer RNP's Longer Track Record
Jul 07RNP: A Monthly 7.4% Distribution Rate, Return Of Capital Likely
Jan 25Cohen & Steers REIT and Preferred and Income Fund, Inc. declares $0.136 dividend
Dec 14Cohen & Steers REIT and Preferred and Income Fund goes ex dividend tomorrow
Dec 06Cohen & Steers REIT and Preferred and Income Fund goes ex-dividend tomorrow
Oct 10Cohen & Steers REIT and Preferred and Income Fund declares $1.0714 dividend
Sep 27RNP: Strong, Steady Yield, Supported By Low But Positive Price Growth
Aug 26RNP: Solid Income Play
Mar 30RNP: Best In Class Assets Priced At A Discount
Mar 08RNP: A Welcome Increase To The Monthly Dividend
Dec 22RNP: Another Opportunity In The REIT Space
Oct 22RNP: A Cash Flow Machine With The Ability To Fight Inflation
Sep 15Inflation Is Soaring, Buy High-Yield REITs With RQI And RNP
Aug 02Cohen & Steers REIT and Preferred and Income Fund goes ex-dividend tomorrow
Jan 11REITs Ready To Soar: Buy RQI And RNP
Nov 20Cohen & Steers REIT and Preferred and Income Fund goes ex-dividend tomorrow
Nov 16Financial Position Analysis
Short Term Liabilities: RNP's short term assets ($23.6M) do not cover its short term liabilities ($456.7M).
Long Term Liabilities: RNP's short term assets ($23.6M) exceed its long term liabilities ($360.8K).
Debt to Equity History and Analysis
Debt Level: RNP's net debt to equity ratio (45.2%) is considered high.
Reducing Debt: RNP's debt to equity ratio has increased from 36.8% to 45.4% over the past 5 years.
Debt Coverage: RNP's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: RNP's interest payments on its debt are not well covered by EBIT (2.8x coverage).