Cohen & Steers REIT Reports $202M NAV, 5.92% YTD Return Through June
Cohen & Steers Income Opportunities REIT Inc., a non-traded net asset value real estate investment trust focused on income-generating real estate, reported that its total NAV was approximately $202.81 million as of June 30, 2025, an increase of 1.9% from approximately $199.1 million as of May 31.
The REIT also reported a transaction price of $11.22 for each share class of its common stock sold for subscriptions accepted as of Aug. 1, 2025. June monthly returns were stated at 0.81%, and year-to-date returns were stated at 5.92% as of the end of June. Since inception, in January 2024, the REIT reported total returns of 12.07%. According to Stanger, the REIT emerged as the top one-year performer among all NAV REITs with a one-year total return of 12.7% through the second quarter of 2025.
Furthermore, as of the end of June, the company reported an annualized distribution rate of 4.67% with leverage of 36.54%.
It’s declared monthly NAV per share as of June 30 was as follows:
Class I shares had a NAV per share of $11.22, compared to $11.18 per share the previous month, an approximate 0.36% increase.
Class F-I shares had a NAV per share of $11.02, compared to $10.96 per share the previous month, an approximate 0.55% increase.
Class P shares had a NAV per share of $11.47, compared to $11.37 per share the previous month, an approximate 0.88% increase. Class P shares are not sold as a part of our public offering.
The REIT stated that, as of June 30, 2025, it had no Class T shares, Class S shares, Class D shares, Class F-T shares, Class F-S shares, or Class F-D shares outstanding. As a result, the transaction price for each of those share classes was based on the NAV per share for its Class I shares as of June 30, 2025.
The REIT also stated that it declared gross distributions of $0.0435 for shareholders of record as of June 30. This was equal to the amount paid in May 2025 and the amount that has been paid monthly since June of 2024.
As of the end of June, the portfolio reported that it owned five properties and was comprised of 89% real estate investments and 11% real estate securities. Properties in the portfolio include, among others, a community shopping center in Texas, a $37 million shopping center in Georgia, and a $127 million shopping center in California.
In regard to sector diversification, 77% was allocated to community shopping centers and 23% was allocated to grocery-anchored shopping centers. It reported an occupancy rate of 96.74% with a total asset value of $352.16 million and a total gross property value of $278.99 million.
The REIT is currently offering on a continuous basis up to $3 billion in shares of its common stock, consisting of up to $2.4 billion in shares in its primary offering and up to $0.6 billion in shares pursuant to its distribution reinvestment plan. As of June 30, 2025, the REIT stated that it has issued and sold 986,267 shares of its common stock for total proceeds of $10.75 million and 5,880 shares of its common stock pursuant to its distribution reinvestment plan for a total value of $0.06 million. The company stated that it intends to continue selling shares in the public offering on a monthly basis.
The number of shares outstanding totaled about 17.7 million as of June 30, compared to 17.5 million the previous month.
Cohen & Steers Income Opportunities REIT Inc. is a perpetual-life, non-listed REIT formed to invest primarily in high-quality, income-focused, stabilized properties within the United States. The REIT is externally managed by Cohen & Steers Capital Management Inc., a subsidiary of Cohen & Steers Inc.
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