In plain terms — Cohen & Steers Quality Income Realty Fund
Shares currently cost about 9.1% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 4.6% discount, so today's level is somewhat wide for this fund (Z-score -1.7). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 9.7% a year of the share price (8.8% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.10 of assets — a ReinvestCapture™ rate of 10.7%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 6.2% over the past year including distributions (NAV total return).
Annual costs are 3.45% of assets.
Guided view hides the statistical panels. Switch to Expert view in the grey bar to see them. Nothing here is advice.
Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -8.01% | 1.12% | -1.81 | 55 |
| 6 months | -5.95% | 3.35% | -1.22 | 107 |
| 1 year | -4.61% | 3.29% | -1.65 | 208 |
| 3 years | -4.67% | — | — | — |
| 5 years | -4.40% | — | — | — |
Current contemporaneous premium/discount -10.03% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -10.49% to +1.03%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -6.07% | -10.00% | -3.85% | -9.56% | +4.07% | -7.01% |
| Market price total return | -5.31% | -7.92% | +3.38% | -0.31% | +13.29% | +1.18% |
| NAV return | -2.78% | -9.32% | +1.41% | -3.16% | +4.19% | -5.74% |
| NAV total return | -2.06% | -7.38% | +8.68% | +6.24% | +12.96% | +2.16% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
Established on February 28, 2002, the Cohen & Steers Quality Income Realty Fund, Inc., initially known as Cohen & Steers Income Realty Fund Inc., is a closed-end equity mutual fund domiciled in the United States. Launched by Cohen & Steers, Inc. and managed by Cohen & Steers Capital Management, Inc., this fund primarily allocates its investments within the public equity markets of the United States. Its core objective is to invest in growth stocks of real estate companies, encompassing Real Estate Investment Trusts (REITs), across all market capitalizations. The fund's portfolio construction relies on a thorough fundamental analysis, assessing factors like a company's financial health, its industry position, economic and market conditions, earnings growth, debt levels, and the quality of its management, all to identify businesses with strong potential for success. Its performance is benchmarked against a combination of indexes: the S&P 500 Index, the FTSE NAREIT Equity REIT index, and a composite index comprising 80% FTSE NAREIT Equity REIT Index and 20% BofA Merrill Lynch REIT Preferred Securities Index.
CEF Explorer research page for Cohen & Steers Quality Income Realty Fund Inc. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.