Cohen & Steers Quality Income Realty Fund, Inc. (RQI) Analyse boursière

Présentation de l'entreprise

Cohen & Steers Quality Income Realty Fund, Inc. operates as a closed-ended equity mutual fund that seeks investment opportunities within the public equity markets of the United States, managed specifically by Cohen & Steers Capital Management, Inc. The entity functions within the broader Financial Services sector and the specialized Asset Management industry, indicating its role in directing capital toward specific equity strategies rather than traditional manufacturing or service provision. The company holds a market capitalization of $1.57B and generated annual revenue of $85.56M, while the number of employees is listed as N/A in available records. These valuation and revenue figures suggest a significant operational scale, positioning the fund as a substantial player in the asset management landscape where it leverages its capital base to generate returns for shareholders through active equity selection.

Santé financière

The fund reported revenue of $85.56M over the trailing twelve months, with net income reaching $47.27M, whereas EBITDA data is not available in the current reporting period. The substantial gap between the $85.56M revenue and the $47.27M net income reveals a highly efficient cost structure, as the company retains over 55% of its revenue as profit before accounting for interest and taxes, though the absence of EBITDA limits a precise view of operational cash generation before financing costs. Free cash flow stands at $34.08M, which indicates a robust capacity to fund operations, return capital to shareholders, or pursue strategic initiatives without relying on external financing. When analyzing profitability margins, the gross margin is recorded at 100.0%, the operating margin at 72.1%, and the profit margin at 55.3%, reflecting the nature of asset management fees where direct cost of goods sold is negligible relative to net revenue. Regarding liquidity and leverage, the company holds $252,500 in cash against $710.00M in debt, resulting in a debt-to-equity ratio of 43.69, which characterizes the balance sheet as highly leveraged rather than conservative. The current ratio is 0.87, suggesting that the company's current assets are slightly insufficient to cover its current liabilities without relying on asset sales or new financing. Return on equity is measured at 2.8% and return on assets at 1.6%, metrics that indicate the current level of management effectiveness in generating returns relative to the capital invested and total assets employed.

Évaluation de la valorisation

The trailing twelve-month P/E ratio is 33.43, while the forward P/E ratio is N/A, implying that the market is pricing in expectations for future earnings that differ significantly from current historical performance or that forward guidance is not yet quantified in standard reporting. The price-to-book ratio stands at 0.97, indicating that the market values the company at approximately 97% of its book value, which suggests the stock trades at a discount rather than a premium relative to its net asset value. Alternative valuation metrics such as the price-to-sales ratio of 18.38 and the unavailable EV/EBITDA figure provide different lenses on valuation, with the high P/S ratio reflecting the intangible nature of the business where revenue quality and growth potential are often prioritized over pure sales multiples. The stock has traded between a 52-week high of $13.39 and a 52-week low of $10.39, and without a specific current price provided in the source text, the trading range establishes the volatility envelope within which the asset has fluctuated over the past year. With a beta of 1.48, the fund exhibits higher price volatility relative to the broader market, meaning it is expected to move with greater magnitude than the market index during periods of rising or falling equity sentiment.

Growth & Income

Revenue growth year-over-year is recorded at -5.2%, while earnings growth year-over-year is N/A, indicating that the company has experienced a contraction in top-line revenue and that earnings data does not currently show a parallel expansion trajectory. The dividend yield is 9.2%, which is exceptionally high for an equity mutual fund, yet the payout ratio of 274.3% suggests that the company is paying out significantly more in dividends than its net income supports, relying on other capital sources or reserves to maintain the yield. This unsustainable payout ratio implies that the current dividend level cannot be maintained solely from operating earnings without depleting cash reserves or increasing leverage further. The overall growth and income profile is characterized by negative revenue expansion paired with a high, potentially unsustainable dividend yield that does not align with the company's current earnings generation capacity.