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

Bedrijfsoverzicht

Cohen & Steers Quality Income Realty Fund, Inc. operates as a closed-ended equity mutual fund designed to provide exposure to public equity markets within the United States, with investments managed by Cohen & Steers Capital Management, Inc. The entity functions within the Financial Services sector, specifically categorized under the Asset Management industry, indicating its role in allocating capital and managing portfolios for its shareholders. The company currently holds a market capitalization of $1.73B and generates annual revenue of $85.56M, while its employee count is not disclosed in the available data. These valuation and revenue figures suggest that the fund represents a significant asset under management, reflecting a substantial scale within the niche of realty-focused equity funds, though the specific magnitude of its workforce remains unquantified in the provided metrics.

Financiële gezondheid

The fund reports a trailing twelve-month revenue of $85.56M and a corresponding net income of $47.27M, with EBITDA data unavailable for direct calculation in this dataset. The substantial gap between revenue and net income, which results in a profit margin of 55.3%, indicates a highly efficient cost structure where operating expenses are minimal relative to the total revenue generated. The company maintains free cash flow of $34.08M, a metric that signifies a strong capacity to generate liquidity independent of financing activities and supports ongoing operational flexibility. Profitability is further underscored by a gross margin of 100.0% and an operating margin of 72.1%, levels that typically characterize service-oriented businesses with low variable costs, although the 100% gross margin specifically reflects the nature of fund management fees rather than product sales. Regarding leverage, the balance sheet shows cash reserves of $252,500 against a total debt load of $710.00M, resulting in a debt-to-equity ratio of 43.69, which suggests a leveraged balance sheet typical for asset management entities. The current ratio stands at 0.87, indicating that the company's current assets do not fully cover its current liabilities, a common characteristic for asset managers whose primary assets are long-term investments rather than liquid inventory. Finally, the return on equity is recorded at 2.8% and the return on assets at 1.6%, metrics that reveal the efficiency with which management utilizes shareholder capital and total assets to generate profits, respectively.

Waarderingsbeoordeling

Valuation multiples for the entity include a trailing P/E ratio of 36.80, while the forward P/E is not available in the current data, implying that market expectations for future earnings growth relative to current prices are not quantified by a forward multiple in this instance. The price-to-book ratio is 1.07, suggesting that the market values the fund's equity at a slight premium over its accounting book value. Alternative valuation perspectives are provided by the price-to-sales ratio of 20.24 and an unavailable EV/EBITDA metric, where the high price-to-sales figure reflects the intangible nature of the business model where revenue is largely fee-based. Historical price data shows a 52-week high of $13.39 and a 52-week low of $11.30, providing the trading range within which the security has fluctuated over the past year. The beta of 1.48 indicates that the fund's price volatility is significantly higher than the broader market, moving approximately 48% more than the market index during periods of fluctuation.

Growth & Income

Revenue growth year-over-year has declined by 5.2%, while earnings growth is not available in the provided facts, making a direct comparison between the growth rates of revenue and earnings impossible to calculate or state with precision. Despite the contraction in revenue, the fund maintains a dividend yield of 8.4%, supported by a payout ratio of 274.3%, which indicates that the dividends paid out exceed the current net income generated by the fund. This payout ratio exceeding 100% implies that the company is drawing upon retained earnings or other reserves to fund its dividend obligations rather than paying solely from current earnings. The overall profile of Cohen & Steers Quality Income Realty Fund, Inc. is characterized by a high-yield income structure coupled with recent revenue contraction and significant leverage, rather than a profile driven by rapid organic earnings expansion or low payout ratios.