0001752724-22-129763.txt : 20220531 0001752724-22-129763.hdr.sgml : 20220531 20220531104438 ACCESSION NUMBER: 0001752724-22-129763 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220331 FILED AS OF DATE: 20220531 PERIOD START: 20221231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COHEN & STEERS GLOBAL REALTY SHARES, INC CENTRAL INDEX KEY: 0001033969 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-08059 FILM NUMBER: 22981272 BUSINESS ADDRESS: STREET 1: 280 PARK AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2128323232 MAIL ADDRESS: STREET 1: 280 PARK AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: COHEN & STEERS REALTY FOCUS FUND DATE OF NAME CHANGE: 20040930 FORMER COMPANY: FORMER CONFORMED NAME: COHEN & STEERS SPECIAL EQUITY FUND DATE OF NAME CHANGE: 19970218 0001033969 S000001226 Cohen & Steers Global Realty Shares, Inc. C000003329 Class A CSFAX C000003331 Class C CSFCX C000003332 Class I CSSPX C000146546 Class R GRSRX C000146547 Class Z CSFZX NPORT-P 1 primary_doc.xml NPORT-P false 0001033969 XXXXXXXX S000001226 C000146547 C000003331 C000146546 C000003332 C000003329 COHEN & STEERS GLOBAL REALTY SHARES, INC 811-08059 0001033969 5493000UVZ5TCRYZ1Q07 280 PARK AVENUE 10TH FLOOR NEW YORK 10017 212-832-3232 Cohen & Steers Global Realty Shares, Inc. S000001226 5493000UVZ5TCRYZ1Q07 2022-12-31 2022-03-31 N 2290416261.98 5108808.04 2285307453.94 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 224760.53000000 N Castellum AB 549300GU5OHTR1T5IY68 Castellum AB 000000000 504067.00000000 NS 12445284.28000000 0.544578116110 Long EC CORP SE N 2 N N N Derwent London PLC 213800BXKQ9KZNUR1M61 Derwent London PLC 000000000 197142.00000000 NS 8275279.14000000 0.362107913564 Long EC GB N 2 N N N Welltower Inc T6IZ0MBEG5ACZDTR7D06 Welltower Inc 95040Q104 904433.00000000 NS USD 86952188.62000000 3.804835470609 Long EC US N 1 N N N Jones Lang LaSalle Inc 6SYKCME112RT8TQUO411 Jones Lang LaSalle Inc 48020Q107 124200.00000000 NS USD 29740932.00000000 1.301397409294 Long EC CORP US N 1 N N N Highwoods Properties Inc ZIIGTYKL9T0X3HLTDX53 Highwoods Properties Inc 431284108 484420.00000000 NS USD 22157370.80000000 0.969557542981 Long EC US N 1 N N N Realty Income Corp 549300CUWDAUZSH43859 Realty Income Corp 756109104 918802.00000000 NS USD 63672978.60000000 2.786188724419 Long EC US N 1 N N N Catena AB 549300EMLM7AH5LDLY65 Catena AB 000000000 198774.00000000 NS 11976039.23000000 0.524044990504 Long EC CORP SE N 2 N N N Sirius Real Estate Ltd 213800NURUF5W8QSK566 Sirius Real Estate Ltd 000000000 7062159.00000000 NS 11633611.81000000 0.509061123917 Long EC CORP GG N 1 N N N Nomura Real Estate Master Fund Inc 353800TNNZOQ1CPZE086 Nomura Real Estate Master Fund Inc 000000000 13192.00000000 NS 17438604.15000000 0.763074750398 Long EC JP N 2 N N N UDR Inc P3CH2EG5X6Z1XWU1OO74 UDR Inc 902653104 1240329.00000000 NS USD 71157674.73000000 3.113702473919 Long EC US N 1 N N N Ventas Inc ORQTRC074CWLT3DKHT41 Ventas Inc 92276F100 330615.00000000 NS USD 20418782.40000000 0.893480759658 Long EC US N 1 N N N Daiwa House REIT Investment Corp 3538001FWU534P8JMO05 Daiwa House REIT Investment Corp 000000000 5762.00000000 NS 15534392.14000000 0.679750644195 Long EC JP N 2 N N N Americold Realty Trust 549300R7N1V5YV8MWH02 Americold Realty Trust 03064D108 1082960.00000000 NS USD 30192924.80000000 1.321175614596 Long EC US N 1 N N N Mitsui Fudosan Co Ltd 353800ND4ZKNZDYKMF33 Mitsui Fudosan Co Ltd 000000000 2138800.00000000 NS 45775250.45000000 2.003023723179 Long EC CORP JP N 2 N N N British Land Co PLC/The RV5B68J2GV3QGMRPW209 British Land Co PLC/The 000000000 3010052.00000000 NS 20841161.49000000 0.911963134503 Long EC GB N 2 N N N Caesars Entertainment Inc 549300FA4CTCW903Y781 Caesars Entertainment Inc 12769G100 26520.00000000 NS USD 2051587.20000000 0.089772918583 Long EC CORP US N 1 N N N Dexus N/A Dexus 000000000 3175525.00000000 NS 25920757.89000000 1.134235038935 Long EC AU N 2 N N N United Urban Investment Corp 353800GYZWBD7BDCN841 United Urban Investment Corp 000000000 9654.00000000 NS 11126680.23000000 0.486878919106 Long EC JP N 2 N N N Nomura Real Estate Holdings Inc N/A Nomura Real Estate Holdings Inc 000000000 811100.00000000 NS 19425055.59000000 0.849997472178 Long EC CORP JP N 2 N N N CTP NV 3157000YTVO4TN65UM14 CTP NV 000000000 254974.00000000 NS 4268458.05000000 0.186778284149 Long EC CORP NL N 2 N N N Sun Communities Inc 549300H5GEOJYN41ZG57 Sun Communities Inc 866674104 205807.00000000 NS USD 36075909.03000000 1.578601993696 Long EC US N 1 N N N Merlin Properties Socimi SA 959800L8KD863DP30X04 Merlin Properties Socimi SA 000000000 1786555.00000000 NS 20886926.96000000 0.913965730256 Long EC ES N 2 N N N Duke Realty Corp 254900E47KH1NFFKNF25 Duke Realty Corp 264411505 1003953.00000000 NS USD 58289511.18000000 2.550620096193 Long EC US N 1 N N N Keppel REIT N/A Keppel REIT 000000000 17134100.00000000 NS 15372701.63000000 0.672675425072 Long EC SG N 2 N N N Prologis Inc 529900DFH19P073LZ636 Prologis Inc 74340W103 755819.00000000 NS USD 122049652.12000000 5.340622851843 Long EC US N 1 N N N Unibail-Rodamco-Westfield N/A Unibail-Rodamco-Westfield 000000000 96982.00000000 NS 7264652.64000000 0.317885133025 Long EC XX N 2 N N N Goodman Group N/A Goodman Group 000000000 840302.00000000 NS 14282204.43000000 0.624957679343 Long EC AU N 2 N N N American Tower Corp 5493006ORUSIL88JOE18 American Tower Corp 03027X100 104019.00000000 NS USD 26131653.18000000 1.143463350410 Long EC US N 1 N N N Workspace Group PLC 2138003GUZRFIN3UT430 Workspace Group PLC 000000000 916841.00000000 NS 8189084.32000000 0.358336218869 Long EC GB N 2 N N N Capitaland Investment Ltd/Singapore 254900AT4UQDU7SNXX49 Capitaland Investment Ltd/Singapore 000000000 8453500.00000000 NS 24769369.36000000 1.083852823273 Long EC CORP SG N 2 N N N Safestore Holdings PLC 213800WGA3YSJC1YOH73 Safestore Holdings PLC 000000000 1065793.00000000 NS 18761052.65000000 0.820942172032 Long EC GB N 1 N N N ESR Cayman Ltd 549300C81AR42BZUFZ09 ESR Cayman Ltd 000000000 3588400.00000000 NS 11120069.69000000 0.486589656495 Long EC CORP KY N 2 N N N Tokyu Fudosan Holdings Corp N/A Tokyu Fudosan Holdings Corp 000000000 2036300.00000000 NS 11175791.37000000 0.489027913978 Long EC CORP JP N 2 N N N Parkway Life Real Estate Investment Trust 549300I4DKVD2OF5LW91 Parkway Life Real Estate Investment Trust 000000000 5068500.00000000 NS 17546336.62000000 0.767788885025 Long EC SG N 2 N N N GLP J-Reit 353800E27V9KA51K2I90 GLP J-Reit 000000000 15730.00000000 NS 23901763.14000000 1.045888293883 Long EC JP N 2 N N N Brixmor Property Group Inc 5299007UXW6Y0W2EGZ95 Brixmor Property Group Inc 11120U105 528111.00000000 NS USD 13630544.91000000 0.596442499957 Long EC US N 1 N N N Wharf Real Estate Investment Co Ltd 529900QLPKS8U9QOPB59 Wharf Real Estate Investment Co Ltd 000000000 2521000.00000000 NS 12459441.88000000 0.545197621375 Long EC CORP KY N 2 N N N Sun Hung Kai Properties Ltd 529900LUMD393RD3S874 Sun Hung Kai Properties Ltd 000000000 2889500.00000000 NS 34377753.67000000 1.504294470782 Long EC CORP HK N 2 N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460D109 334740.00000000 NS USD 130642327.20000000 5.716619309789 Long EC US N 1 N N N Cellnex Telecom SA 5493008T4YG3AQUI7P67 Cellnex Telecom SA 000000000 226924.00000000 NS 10920580.85000000 0.477860466046 Long EC CORP ES N 2 N N N BG LLH, LLC N/A BG LLH, LLC 000000000 68360.50000000 NS USD 6540732.64000000 0.286207994846 Long EC US Y 3 N N N Host Hotels & Resorts Inc N6EL63S0K3PB1YFTDI24 Host Hotels & Resorts Inc 44107P104 2052129.00000000 NS USD 39872866.47000000 1.744748453922 Long EC US N 1 N N N Link REIT 529900XUE70U36QX5M62 Link REIT 000000000 4135560.00000000 NS 35219366.17000000 1.541121572472 Long EC HK N 2 N N N ARGAN SA 529900FXM41XSCUSGH04 ARGAN SA 000000000 106658.00000000 NS 13622911.88000000 0.596108495446 Long EC FR N 2 N N N ICADE 969500UDH342QLTE1M42 ICADE 000000000 138534.00000000 NS 8912662.75000000 0.389998410701 Long EC FR N 2 N N N State Street Institutional Treasury Money Market Fund 549300Q3FHSMZ70NLT76 State Street Institutional Treasury Money Market Fund 857492870 31646172.06000000 NS USD 31646172.06000000 1.384766500692 Long STIV RF US N 2 N N N Grainger PLC 2138007CEIRKZMNI2979 Grainger PLC 000000000 2818096.00000000 NS 10747612.01000000 0.470291732146 Long EC CORP GB N 2 N N N Kimco Realty Corp 549300EA7I6T15IBYS12 Kimco Realty Corp 49446R109 1434450.00000000 NS USD 35430915.00000000 1.550378481412 Long EC US N 1 N N N Charter Hall Group N/A Charter Hall Group 000000000 3035784.00000000 NS 36891923.89000000 1.614308999272 Long EC AU N 2 N N N Japan Metropolitan Fund Invest 353800QDHNIP60E1LQ93 Japan Metropolitan Fund Invest 000000000 26639.00000000 NS 22478068.29000000 0.983590555889 Long EC JP N 2 N N N Aedifica SA 529900DTKNXL0AXQFN28 Aedifica SA 000000000 89173.00000000 NS 11214001.81000000 0.490699918326 Long EC BE N 2 N N N Frasers Logistics & Commercial Trust N/A Frasers Logistics & Commercial Trust 000000000 14879100.00000000 NS 15958385.02000000 0.698303634921 Long EC SG N 2 N N N Essex Property Trust Inc 549300TR2H2VEFX0NC60 Essex Property Trust Inc 297178105 176959.00000000 NS USD 61135795.32000000 2.675167195319 Long EC US N 1 N N N Nippon Building Fund Inc 52990053R8NL2MB32172 Nippon Building Fund Inc 000000000 3502.00000000 NS 19866214.87000000 0.869301626603 Long EC JP N 2 N N N Spirit Realty Capital Inc 549300LTU6LVPZSHMJ25 Spirit Realty Capital Inc 84860W300 384494.00000000 NS USD 17694413.88000000 0.774268418435 Long EC US N 1 N N N Camden Property Trust 5493002MYX22OHYJBD89 Camden Property Trust 133131102 210544.00000000 NS USD 34992412.80000000 1.531190594931 Long EC US N 1 N N N PSP Swiss Property AG 50670042Y437P8X44F56 PSP Swiss Property AG 000000000 63234.00000000 NS 8304660.99000000 0.363393598339 Long EC CORP CH N 2 N N N CapitaLand Integrated Commercial Trust 54930031292WUTXF0L29 CapitaLand Integrated Commercial Trust 000000000 8922545.00000000 NS 14760911.78000000 0.645904854270 Long EC SG N 2 N N N Mitsui Fudosan Logistics Park Inc 353800DN63EIYS760S59 Mitsui Fudosan Logistics Park Inc 000000000 2890.00000000 NS 13649991.79000000 0.597293452417 Long EC JP N 1 N N N Mirvac Group N/A Mirvac Group 000000000 8084459.00000000 NS 14990661.10000000 0.655958176400 Long EC AU N 2 N N N VGP NV 315700NENYPIXFR94T49 VGP NV 000000000 45550.00000000 NS 11658303.80000000 0.510141590791 Long EC CORP BE N 2 N N N Assura PLC 21380026T19N2Y52XF72 Assura PLC 000000000 15465674.00000000 NS 13591722.84000000 0.594743732033 Long EC GB N 1 N N N Boyd Gaming Corp 254900787YGRYS2A1Z35 Boyd Gaming Corp 103304101 176832.00000000 NS USD 11632008.96000000 0.508990986746 Long EC CORP US N 1 N N N Tritax Big Box REIT PLC 213800L6X88MIYPVR714 Tritax Big Box REIT PLC 000000000 6369913.00000000 NS 20169156.95000000 0.882557702038 Long EC GB N 2 N N N UNITE Group PLC/The 213800BBUUWVDH9YI827 UNITE Group PLC/The 000000000 726639.00000000 NS 11006710.21000000 0.481629296356 Long EC GB N 2 N N N Simon Property Group Inc 529900GQL5X8H7AO3T64 Simon Property Group Inc 828806109 617642.00000000 NS USD 81256981.52000000 3.555625803430 Long EC US N 1 N N N Klepierre SA 969500PB4U31KEFHZ621 Klepierre SA 000000000 631546.00000000 NS 16814339.44000000 0.735758307312 Long EC FR N 2 N N N Healthcare Trust of America Inc 549300L0I14L7I0VLX84 Healthcare Trust of America Inc 42225P501 621170.00000000 NS USD 19467467.80000000 0.851853336689 Long EC US N 1 N N N RioCan Real Estate Investment Trust 549300S8HVUSEU3JBY60 RioCan Real Estate Investment Trust 766910103 1613382.00000000 NS 32560595.02000000 1.424779627085 Long EC CA N 1 N N N Wihlborgs Fastigheter AB 549300RC1YDJPITF8X06 Wihlborgs Fastigheter AB 000000000 221137.00000000 NS 4625847.93000000 0.202416874894 Long EC CORP SE N 2 N N N Apartment Income REIT Corp N/A Apartment Income REIT Corp 03750L109 467508.00000000 NS USD 24992977.68000000 1.093637428824 Long EC US N 1 N N N VIB Vermoegen AG 529900NFW9IP8LMOFM33 VIB Vermoegen AG 000000000 12610.00000000 NS 509000.53000000 0.022272737487 Long EC CORP DE N 2 N N N Vonovia SE 5299005A2ZEP6AP7KM81 Vonovia SE 000000000 1374177.00000000 NS 64050924.24000000 2.802726789761 Long EC CORP DE N 2 N N N Sands China Ltd 549300EVO6UZDGY05787 Sands China Ltd 000000000 4051600.00000000 NS 9638666.56000000 0.421766731797 Long EC CORP KY N 2 N N N Digital Realty Trust Inc 549300HKCZ31D08NEI41 Digital Realty Trust Inc 253868103 467458.00000000 NS USD 66285544.40000000 2.900508825878 Long EC US N 1 N N N Eurocommercial Properties NV 724500SFK53FPNM68L95 Eurocommercial Properties NV 000000000 92458.00000000 NS 2534709.85000000 0.110913297273 Long EC NL N 2 N N N Invincible Investment Corp 353800JY6M2692VAV685 Invincible Investment Corp 000000000 27185.00000000 NS 9382681.32000000 0.410565383831 Long EC JP N 2 N N N Segro PLC 213800XC35KGM9NFC641 Segro PLC 000000000 1157220.00000000 NS 20342813.25000000 0.890156517668 Long EC GB N 2 N N N Extra Space Storage Inc N/A Extra Space Storage Inc 30225T102 270231.00000000 NS USD 55559493.60000000 2.431160564597 Long EC US N 1 N N N CK Asset Holdings Ltd 5299006GJZSGP78B8S35 CK Asset Holdings Ltd 000000000 2353000.00000000 NS 16083758.73000000 0.703789711194 Long EC CORP KY N 2 N N N Fastighets AB Balder 549300GHKJCEZOAEUU82 Fastighets AB Balder 000000000 296433.00000000 NS 19517174.57000000 0.854028395013 Long EC CORP SE N 2 N N N Equinix Inc 549300EVUN2BTLJ3GT74 Equinix Inc 29444U700 19769.00000000 NS USD 14661085.78000000 0.641536689285 Long EC US N 1 N N N Healthpeak Properties Inc PZ9HF5U52KPF0MH0QN75 Healthpeak Properties Inc 42250P103 1662152.00000000 NS USD 57061678.16000000 2.496892838712 Long EC US N 1 N N N Invitation Homes Inc N/A Invitation Homes Inc 46187W107 2117102.00000000 NS USD 85065158.36000000 3.722263199787 Long EC US N 1 N N N AZ. BGP HOLDINGS N/A AZ. BGP HOLDINGS 000000000 11893063.00000000 NS 0.00000000 0.000000 Long EC CORP MT N 3 N N N Urban Logistics REIT PLC 213800P6ODJW2UFNDC37 Urban Logistics REIT PLC 000000000 2027569.00000000 NS 5073996.50000000 0.222026865192 Long EC GB N 1 N N N 2022-05-02 COHEN & STEERS GLOBAL REALTY SHARES, INC Albert Laskaj Albert Laskaj Treasurer and Chief Financial Officer XXXX NPORT-EX 2 NPORT_4X22_77541192_0322.htm HTML

COHEN & STEERS GLOBAL REALTY SHARES, INC.

SCHEDULE OF INVESTMENTS

March 31, 2022 (Unaudited)

 

                                                                       
                          Shares      Value  

COMMON STOCK

     98.0     

AUSTRALIA

     4.0     

REAL ESTATE

       

DIVERSIFIED

     2.3     

BGP Holdings PLC (EUR)(a),(b)

       11,893,063      $ 0  

Charter Hall Group

       3,035,784        36,891,924  

Mirvac Group

       8,084,459        14,990,661  
       

 

 

 
          51,882,585  
       

 

 

 

INDUSTRIALS

     0.6     

Goodman Group

       840,302        14,282,204  
       

 

 

 

OFFICE

     1.1     

Dexus

       3,175,525        25,920,758  
       

 

 

 

TOTAL AUSTRALIA

          92,085,547  
       

 

 

 

BELGIUM

     1.0     

REAL ESTATE

       

INDUSTRIALS

     0.5     

VGP NV

       45,550        11,658,304  
       

 

 

 

RESIDENTIAL

     0.5     

Aedifica SA

       89,173        11,214,002  
       

 

 

 

TOTAL BELGIUM

          22,872,306  
       

 

 

 

CANADA

     1.4     

REAL ESTATE—RETAIL

       

RioCan REIT

       1,613,382        32,560,595  
       

 

 

 

CHINA

     0.5     

REAL ESTATE—INDUSTRIALS

       

ESR Cayman Ltd., 144A (H Shares)(b),(c)

       3,588,400        11,120,070  
       

 

 

 

FRANCE

     2.0     

REAL ESTATE

       

DIVERSIFIED

     0.4     

ICADE

       138,534        8,912,663  
       

 

 

 

NET LEASE

     0.6     

ARGAN SA

       106,658        13,622,912  
       

 

 

 

RETAIL

     1.0     

Klepierre SA(b)

       631,546        16,814,339  

Unibail-Rodamco-Westfield(b)

       96,982        7,264,653  
       

 

 

 
          24,078,992  
       

 

 

 

TOTAL FRANCE

          46,614,567  
       

 

 

 

 

1

 

 


                                                                       
                          Shares      Value  

GERMANY

     3.3     

REAL ESTATE

       

INDUSTRIALS

     0.5     

Sirius Real Estate Ltd. (GBP)

       7,062,159      $ 11,633,612  
       

 

 

 

RESIDENTIAL

     2.8     

Vonovia SE

       1,374,177        64,050,924  
       

 

 

 

RETAIL

     0.0     

VIB Vermoegen AG

       12,610        509,001  
       

 

 

 

TOTAL GERMANY

          76,193,537  
       

 

 

 

HONG KONG

     4.3     

REAL ESTATE

       

DIVERSIFIED

     2.2     

CK Asset Holdings Ltd.

       2,353,000        16,083,759  

Sun Hung Kai Properties Ltd.

       2,889,500        34,377,753  
       

 

 

 
          50,461,512  
       

 

 

 

RESIDENTIAL

     0.6     

Wharf Real Estate Investment Co., Ltd.

       2,521,000        12,459,442  
       

 

 

 

RETAIL

     1.5     

Link REIT

       4,135,560        35,219,366  
       

 

 

 

TOTAL HONG KONG

          98,140,320  
       

 

 

 

JAPAN

     9.2     

REAL ESTATE

       

DIVERSIFIED

     5.3     

Daiwa House REIT Investment Corp.

       5,762        15,534,392  

Mitsui Fudosan Co., Ltd.

       2,138,800        45,775,251  

Nomura Real Estate Holdings, Inc.

       811,100        19,425,056  

Nomura Real Estate Master Fund, Inc.

       13,192        17,438,604  

Tokyu Fudosan Holdings Corp.

       2,036,300        11,175,791  

United Urban Investment Corp.

       9,654        11,126,680  
       

 

 

 
          120,475,774  
       

 

 

 

HOTEL

     0.4     

Invincible Investment Corp.

       27,185        9,382,681  
       

 

 

 

INDUSTRIALS

     1.6     

GLP J-REIT

       15,730        23,901,763  

Mitsui Fudosan Logistics Park, Inc.

       2,890        13,649,992  
       

 

 

 
          37,551,755  
       

 

 

 

 

2

 

 


                                                                       
                          Shares      Value  

OFFICE

     0.9     

Nippon Building Fund, Inc.

       3,502      $ 19,866,215  
       

 

 

 

RESIDENTIAL

     1.0     

Japan Metropolitan Fund Invest

       26,639        22,478,068  
       

 

 

 

TOTAL JAPAN

          209,754,493  
       

 

 

 

MACAU

     0.4     

REAL ESTATE—HOTELS, RESTAURANTS & LEISURE

       

Sands China Ltd. (H Shares)(b)

       4,051,600        9,638,667  
       

 

 

 

NETHERLANDS

     0.3     

REAL ESTATE

       

INDUSTRIALS

     0.2     

CTP NV, 144A(c)

       254,974        4,268,458  
       

 

 

 

RETAIL

     0.1     

Eurocommercial Properties NV

       95,279        2,612,047  
       

 

 

 

TOTAL NETHERLANDS

          6,880,505  
       

 

 

 

SINGAPORE

     3.9     

REAL ESTATE

       

DIVERSIFIED

     1.1     

Capitaland Investment Ltd.(b)

       8,453,500        24,769,369  
       

 

 

 

HEALTH CARE

     0.8     

Parkway Life Real Estate Investment Trust

       5,068,500        17,546,336  
       

 

 

 

INDUSTRIALS

     0.7     

Frasers Logistics & Commercial Trust

       14,879,100        15,958,385  
       

 

 

 

OFFICE

     0.7     

Keppel REIT

       17,134,100        15,372,702  
       

 

 

 

RETAIL

     0.6     

CapitaLand Integrated Commercial Trust

       8,922,545        14,760,912  
       

 

 

 

TOTAL SINGAPORE

          88,407,704  
       

 

 

 

SPAIN

     1.4     

COMMUNICATIONS—Towers

     0.5     

Cellnex Telecom SA, 144A(c)

       226,924        10,920,581  
       

 

 

 

REAL ESTATE—DIVERSIFIED

     0.9     

Merlin Properties Socimi SA

       1,786,555        20,886,927  
       

 

 

 

TOTAL SPAIN

          31,807,508  
       

 

 

 

 

3

 

 


                                                                       
                          Shares      Value  

SWEDEN

     2.1     

REAL ESTATE

       

DIVERSIFIED

     1.4     

Castellum AB

       504,067      $ 12,445,284  

Fastighets AB Balder, Class B(b)

       296,433        19,517,175  
       

 

 

 
          31,962,459  
       

 

 

 

INDUSTRIALS

     0.5     

Catena AB

       198,774        11,976,039  
       

 

 

 

OFFICE

     0.2     

Wihlborgs Fastigheter AB

       221,137        4,625,848  
       

 

 

 

TOTAL SWEDEN

          48,564,346  
       

 

 

 

SWITZERLAND

     0.4     

REAL ESTATE— OFFICE

       

PSP Swiss Property AG

       63,234        8,304,661  
       

 

 

 

UNITED KINGDOM

     6.0     

REAL ESTATE

       

DIVERSIFIED

     0.9     

British Land Co., PLC/The

       3,010,052        20,841,161  
       

 

 

 

HEALTH CARE

     0.6     

Assura PLC

       15,465,674        13,591,723  
       

 

 

 

INDUSTRIALS

     2.0     

Segro PLC

       1,157,220        20,342,813  

Tritax Big Box REIT PLC

       6,369,913        20,169,157  

Urban Logistics REIT PLC

       2,027,569        5,073,997  
       

 

 

 
          45,585,967  
       

 

 

 

OFFICE

     0.7     

Derwent London PLC

       197,142        8,275,279  

Workspace Group PLC

       916,841        8,189,084  
       

 

 

 
          16,464,363  
       

 

 

 

RESIDENTIAL

     1.0     

Grainger PLC

       2,818,096        10,747,612  

UNITE Group PLC/The

       726,639        11,006,710  
       

 

 

 
          21,754,322  
       

 

 

 

SELF STORAGE

     0.8     

Safestore Holdings PLC

       1,065,793        18,761,053  
       

 

 

 

TOTAL UNITED KINGDOM

          136,998,589  
       

 

 

 

 

4

 

 


                                                                       
                          Shares      Value  

UNITED STATES

     57.8     

COMMUNICATIONS—TOWERS

     1.1     

American Tower Corp.

       104,019      $ 26,131,653  
       

 

 

 

CONSUMER, CYCLICAL—HOTELS, RESTAURANTS & LEISURE

     0.6     

Boyd Gaming Corp.

       176,832        11,632,009  

Caesars Entertainment, Inc.(b)

       26,520        2,051,587  
       

 

 

 
          13,683,596  
       

 

 

 

REAL ESTATE

     56.1     

DATA CENTERS

     3.5     

Digital Realty Trust, Inc.

       467,458        66,285,544  

Equinix, Inc.

       19,769        14,661,086  
       

 

 

 
          80,946,630  
       

 

 

 

HEALTH CARE

     8.0     

Healthcare Trust of America, Inc., Class A

       621,170        19,467,468  

Healthpeak Properties, Inc.

       1,662,152        57,061,678  

Ventas, Inc.

       330,615        20,418,782  

Welltower, Inc.

       904,433        86,952,189  
       

 

 

 
          183,900,117  
       

 

 

 

HOTEL

     1.6     

Host Hotels & Resorts, Inc.

       1,877,350        36,476,911  
       

 

 

 

INDUSTRIALS

     9.5     

Americold Realty Trust

       1,082,960        30,192,925  

BG LLH, LLC (Lineage Logistics)(d)

       68,361        6,540,733  

Duke Realty Corp.

       1,003,953        58,289,511  

Prologis, Inc.

       755,819        122,049,652  
       

 

 

 
          217,072,821  
       

 

 

 

NET LEASE

     3.6     

Realty Income Corp.

       918,802        63,672,978  

Spirit Realty Capital, Inc.

       384,494        17,694,414  
       

 

 

 
          81,367,392  
       

 

 

 

OFFICE

     1.0     

Highwoods Properties, Inc.

       484,420        22,157,371  
       

 

 

 

REAL ESTATE SERVICES

     1.3     

Jones Lang LaSalle, Inc.(b)

       124,200        29,740,932  
       

 

 

 

 

5

 

 


                                                                       
                          Shares      Value  

RESIDENTIAL

     13.7     

APARTMENT

     8.4     

Apartment Income REIT Corp.

       467,508      $ 24,992,978  

Camden Property Trust

       210,544        34,992,413  

Essex Property Trust, Inc.

       176,959        61,135,795  

UDR, Inc.

       1,240,329        71,157,675  
       

 

 

 
          192,278,861  
       

 

 

 

MANUFACTURED HOME

     1.6     

Sun Communities, Inc.

       205,807        36,075,909  
       

 

 

 

SINGLE FAMILY

     3.7     

Invitation Homes, Inc.

       2,117,102        85,065,158  
       

 

 

 

TOTAL RESIDENTIAL

          313,419,928  
       

 

 

 

SELF STORAGE

     8.2     

Extra Space Storage, Inc.

       270,231        55,559,494  

Public Storage

       334,740        130,642,327  
       

 

 

 
          186,201,821  
       

 

 

 

SHOPPING CENTERS

     5.7     

COMMUNITY CENTER

     2.1     

Brixmor Property Group, Inc.

       528,111        13,630,545  

Kimco Realty Corp.

       1,434,450        35,430,915  
       

 

 

 
          49,061,460  
       

 

 

 

REGIONAL MALL

     3.6     

Simon Property Group, Inc.

       617,642        81,256,981  
       

 

 

 

TOTAL SHOPPING CENTERS

          130,318,441  
       

 

 

 

TOTAL REAL ESTATE

          1,281,602,364  
       

 

 

 

TOTAL UNITED STATES

          1,321,417,613  
       

 

 

 

TOTAL COMMON STOCK
(Identified cost—$1,850,028,898)

          2,241,361,028  
       

 

 

 

SHORT-TERM INVESTMENTS

     1.4     

MONEY MARKET FUNDS

       

State Street Institutional Treasury Money Market Fund, Premier
Class, 0.17%(e)

       31,646,172        31,646,172  
       

 

 

 

TOTAL SHORT-TERM INVESTMENTS
(Identified cost—$31,646,172)

          31,646,172  
       

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(Identified cost—$1,881,675,070)

     99.4                 2,273,007,200  

OTHER ASSETS IN EXCESS OF LIABILITIES

     0.6          13,211,811  
  

 

 

      

 

 

 

NET ASSETS

     100.0      $ 2,286,219,011  
  

 

 

      

 

 

 

 

6

 

 


Glossary of Portfolio Abbreviations

 

EUR    Euro Currency
GBP    Great British Pound
REIT    Real Estate Investment Trust

 

Note: Percentages indicated are based on the net assets of the Fund.

a

Security value is determined based on significant unobservable inputs (Level 3).

b

Non-income producing security.

c

Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. Aggregate holdings amounted to $26,309,109 which represents 1.2% of the net assets of the Fund, of which 0.0% are illiquid.

d

Restricted security. Aggregate holdings equal 0.3% of the net assets of the Fund. This security was acquired on August 3, 2020, at a cost of $4,200,781. Security value is determined based on significant unobservable inputs (Level 3).

e

Rate quoted represents the annualized seven-day yield.

 

7

 

 


                    

Sector Summary

   % of
Net
Assets
 

Residential

     19.6  

Industrials

     16.6  

Diversified

     14.5  

Health Care

     9.4  

Self Storage

     9.0  

Shopping Centers

     5.7  

Office

     5.0  

Retail

     4.6  

Net Lease

     4.2  

Data Centers

     3.5  

Hotel

     2.0  

Communications—Towers

     1.6  

Real Estate Services

     1.3  

Hotels, Restaurants & Leisure

     1.0  

Other

     2.0  
  

 

 

 
     100.0  
  

 

 

 

 

8

 

 


COHEN & STEERS GLOBAL REALTY SHARES, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

 

Note 1. Portfolio Valuation

Investments in securities that are listed on the New York Stock Exchange (NYSE) are valued, except as indicated below, at the last sale price reflected at the close of the NYSE on the business day as of which such value is being determined. If there has been no sale on such day, the securities are valued at the mean of the closing bid and ask prices on such day or, if no ask price is available, at the bid price.

Securities not listed on the NYSE but listed on other domestic or foreign securities exchanges (including NASDAQ) are valued in a similar manner. Securities traded on more than one securities exchange are valued at the last sale price reflected at the close of the exchange representing the principal market for such securities on the business day as of which such value is being determined. If after the close of a foreign market, but prior to the close of business on the day the securities are being valued, market conditions change significantly, certain non-U.S. equity holdings may be fair valued pursuant to procedures established by the Board of Directors.

Readily marketable securities traded in the over-the-counter (OTC) market, including listed securities whose primary market is believed by Cohen & Steers Capital Management, Inc. (the investment advisor) to be OTC, are valued on the basis of prices provided by a third-party pricing service or third-party broker-dealers when such prices are believed by the investment advisor, pursuant to delegation by the Board of Directors, to reflect the fair value of such securities.

Short-term debt securities with a maturity date of 60 days or less are valued at amortized cost, which approximates fair value. Investments in open-end mutual funds are valued at net asset value (NAV).

The policies and procedures approved by the Fund’s Board of Directors delegate authority to make fair value determinations to the investment advisor, subject to the oversight of the Board of Directors. The investment advisor has established a valuation committee (Valuation Committee) to administer, implement and oversee the fair valuation process according to the policies and procedures approved annually by the Board of Directors. Among other things, these procedures allow the Fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Securities for which market prices are unavailable, or securities for which the investment advisor determines that the bid and/or ask price or a counterparty valuation does not reflect market value, will be valued at fair value, as determined in good faith by the Valuation Committee, pursuant to procedures approved by the Fund’s Board of Directors. Circumstances in which market prices may be unavailable include, but are not limited to, when trading in a security is suspended, the exchange on which the security is traded is subject to an unscheduled close or disruption or material events occur after the close of the exchange on which the security is principally traded. In these circumstances, the Fund determines fair value in a manner that fairly reflects the market value of the security on the valuation date based on consideration of any information or factors it deems appropriate. These may include, but are not limited to, recent transactions in comparable securities, information relating to the specific security and developments in the markets. Foreign equity fair value pricing procedures utilized by the Fund may cause certain non-U.S. equity holdings to be fair valued on the basis of fair value factors provided by a pricing service to reflect any significant market movements between the time the Fund values such securities and the earlier closing of foreign markets.

For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities would be categorized as Level 2 or 3 in the hierarchy, depending on the relative significance of the valuation inputs. Securities, including private placements or other

 

 

 


COHEN & STEERS GLOBAL REALTY SHARES, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

 

restricted securities, for which observable inputs are not available are valued using alternate valuation approaches, including the market approach, the income approach and cost approach, and are categorized as Level 3 in the hierarchy. The market approach considers factors including the price of recent investments in the same or a similar security or financial metrics of comparable securities. The income approach considers factors including expected future cash flows, security specific risks and corresponding discount rates. The cost approach considers factors including the value of the security’s underlying assets and liabilities.

The Fund’s use of fair value pricing may cause the NAV of Fund shares to differ from the NAV that would be calculated using market quotations. Fair value pricing involves subjective judgments and it is possible that the fair value determined for a security may be materially different than the value that could be realized upon the sale of that security.

Fair value is defined as the price that the Fund would expect to receive upon the sale of an investment or expect to pay to transfer a liability in an orderly transaction with an independent buyer in the principal market or, in the absence of a principal market, the most advantageous market for the investment or liability. The hierarchy of inputs that are used in determining the fair value of the Fund’s investments is summarized below.

 

   

Level 1 — quoted prices in active markets for identical investments

   

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, credit risk, etc.)

   

Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing investments may or may not be an indication of the risk associated with those investments. Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the inputs used as of March 31, 2022 in valuing the Fund’s investments carried at value:

 

                                                                                   
     Total      Quoted Prices in
Active Markets
for Identical
Investments
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
 

Common Stock:

           

Australia

   $ 92,085,547      $      $ 92,085,547      $             0 (a) 

Canada

     32,560,595        32,560,595                

Germany

     76,193,537        11,633,612        64,559,925         

Japan

     209,754,493        13,649,992        196,104,501         

United Kingdom

     136,998,589        37,426,773        99,571,816         

United States

     1,321,417,613        1,314,876,880               6,540,733 (b) 

Other Countries

     372,350,654               372,350,654         

Short-Term Investments

     31,646,172               31,646,172         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Investments in Securities(c)

   $ 2,273,007,200      $ 1,410,147,852      $ 856,318,615      $ 6,540,733  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(a)

BGP Holdings PLC was acquired via a spinoff and has been fair valued at $0, by the Valuation Committee, pursuant to the Fund’s fair value procedures and classified as a Level 3 security.

 

 

 


COHEN & STEERS GLOBAL REALTY SHARES, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

 

(b)

Restricted security, where observable inputs are limited, has been fair valued by the Valuation Committee, pursuant to the Fund’s fair value procedures and classified as Level 3 security.

(c)

Portfolio holdings are disclosed individually on the Schedule of Investments.

The following is a reconciliation of investments for which significant unobservable inputs (Level 3) were used in determining fair value:

 

                           
     Common Stock–
United States–
Real Estate–
Industrials
 

Balance as of December 31, 2021

   $ 6,864,078  

Change in unrealized appreciation (depreciation)

     (323,345
  

 

 

 

Balance as of March 31, 2022

   $ 6,540,733  
  

 

 

 

The change in unrealized appreciation (depreciation) attributable to securities owned on March 31, 2022 which were valued using significant unobservable inputs (Level 3) amounted to $(323,345).

The following table summarizes the quantitative inputs and assumptions used for investments categorized in Level 3 of the fair value hierarchy.

 

                                                                                                        
     Fair Value at
March 31, 2022
     Valuation
Technique
   Unobservable
Inputs
  Amount    Valuation Impact
from an Increase
in Input(a)

Common Stock—
United States—
Real Estate—
Industrials

   $ 6,540,733      Market

Comparable

Companies

   Enterprise Value/

EBITDA(b) Multiple

Liquidity Discount

  25.3x

15%

   Increase
Decrease

 

(a)

Represents the directional change in the fair value of the Level 3 investments that could have resulted from an increase in the corresponding input as of period end. A decrease to the unobservable input would have had the opposite effect. Significant changes in these inputs may result in a materially higher or lower fair value measurement.

(b)

Earnings Before Interest, Taxes, Depreciation and Amortization.