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Cohen & Steers REIT and Preferredome Fund (Cohen & Steers REIT and Preferredome Fund) Net Interest Margin (Bank Only) % : 77.57% (As of Dec. 2023)


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What is Cohen & Steers REIT and Preferredome Fund Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Cohen & Steers REIT and Preferredome Fund's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $5.9 Mil. Cohen & Steers REIT and Preferredome Fund's average earning assets for the quarter that ended in Dec. 2023 was $7.6 Mil. Therefore, Cohen & Steers REIT and Preferredome Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 77.57%.


Cohen & Steers REIT and Preferredome Fund Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Cohen & Steers REIT and Preferredome Fund's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cohen & Steers REIT and Preferredome Fund Net Interest Margin (Bank Only) % Chart

Cohen & Steers REIT and Preferredome Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial 1,170.74 715.68 368.79 258.68 97.98

Cohen & Steers REIT and Preferredome Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 242.55 273.12 200.15 107.44 77.57

Competitive Comparison of Cohen & Steers REIT and Preferredome Fund's Net Interest Margin (Bank Only) %

For the Asset Management subindustry, Cohen & Steers REIT and Preferredome Fund's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cohen & Steers REIT and Preferredome Fund's Net Interest Margin (Bank Only) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Cohen & Steers REIT and Preferredome Fund's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Cohen & Steers REIT and Preferredome Fund's Net Interest Margin (Bank Only) % falls into.



Cohen & Steers REIT and Preferredome Fund Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Cohen & Steers REIT and Preferredome Fund's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=7.594/( (8.771 + 6.73)/ 2 )
=7.594/7.7505
=97.98 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=8.771 + 0 + 0
=8.771

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=6.73 + 0 + 0
=6.73

Cohen & Steers REIT and Preferredome Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Jun. 2023 ) + Earning Assets (Q: Dec. 2023 ))/ count )
=5.908/( (8.503 + 6.73)/ 2 )
=5.908/7.6165
=77.57 %

where

Earning Assets(Q: Jun. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=8.503 + 0 + 0
=8.503

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=6.73 + 0 + 0
=6.73

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is two times the semi-annual (Dec. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Cohen & Steers REIT and Preferredome Fund  (NYSE:RNP) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Cohen & Steers REIT and Preferredome Fund Net Interest Margin (Bank Only) % Related Terms

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Cohen & Steers REIT and Preferredome Fund (Cohen & Steers REIT and Preferredome Fund) Business Description

Traded in Other Exchanges
N/A
Address
280 Park Avenue, New York, NY, USA, 10017
Cohen & Steers REIT and Preferred Income Fund Inc is a diversified, closed-ended investment management fund. Its investment objective is to provide high current income with capital appreciation as its secondary objective. The Fund invests at least 80% of its total assets in common stocks issued by real estate investment trusts (REITs) and preferred securities under normal circumstances.
Executives
William F Scapell officer: Vice President, other: Portfolio Manager C/O COHEN & STEERS, 280 PARK AVENUE, NEW YORK NY 10017
Ramona Lynn Rogers-windsor director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Jane F. Magpiong director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Elaine Zaharis-nikas other: Portfolio Manager 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Jerry Dorost other: Portfolio Manager 280 PARK AVENUE, NEW YORK NY 10017
Gerald J. Maginnis director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10023
Adam M Derechin director C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Edward C Delk officer: See Remarks 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Christian Corkery officer: Assistant Secretary 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Ward C Edward Jr director C/O COHEN & STEERS, 280 PARK AVENUE, NEW YORK NY 10017
Stephen Murphy officer: Deputy CCO 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Jason Yablon other: Portfolio Manager 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Mathew Kirschner other: Portfolio Manager 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Margaret Mo officer: Assistant Secretary 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Daphne L Richards director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017

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