0001752724-19-181448.txt : 20191127 0001752724-19-181448.hdr.sgml : 20191127 20191127105831 ACCESSION NUMBER: 0001752724-19-181448 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190930 FILED AS OF DATE: 20191127 PERIOD START: 20191231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Cohen & Steers International Realty Fund, Inc. CENTRAL INDEX KEY: 0001309161 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21677 FILM NUMBER: 191254195 BUSINESS ADDRESS: STREET 1: 280 PARK AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-832-3232 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 Global Realty Fund, Inc. DATE OF NAME CHANGE: 20041118 0001309161 S000001228 Cohen & Steers International Realty Fund, Inc. C000003337 Class A IRFAX C000003339 Class C IRFCX C000003340 Class I IRFIX C000160801 Class R IRFRX C000160802 Class Z IRFZX NPORT-P 1 primary_doc.xml NPORT-P false 0001309161 XXXXXXXX S000001228 C000003340 C000160802 C000160801 C000003337 C000003339 Cohen & Steers International Realty Fund, Inc. 811-21677 0001309161 549300KG628I4LXSOW73 280 PARK AVENUE 10TH FLOOR NEW YORK 10017 2128323232 Cohen & Steers International Realty Fund, Inc. S000001228 549300KG628I4LXSOW73 2019-12-31 2019-09-30 N 633620460.47 4813288.78 628807171.69 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 291788.35000000 N Keppel DC REIT N/A Keppel DC REIT 000000000 6183400.00000000 NS 8544871.40000000 1.358901708616 Long EC SG N 1 N N N Goodman Group 549300CHVXPJIIUL9J63 Goodman Group 000000000 657705.00000000 NS 6294758.07000000 1.001063339192 Long EC AU N 1 N N N GLP J-Reit 353800E27V9KA51K2I90 GLP J-Reit 000000000 1331.00000000 NS 1765229.13000000 0.280726621685 Long EC JP N 1 N N N LEG Immobilien AG 391200SO40AKONBO0Z96 LEG Immobilien AG 000000000 187376.00000000 NS 21444205.99000000 3.410299207047 Long EC CORP DE N 1 N N N UNITE Group PLC/The 213800BBUUWVDH9YI827 UNITE Group PLC/The 000000000 667477.00000000 NS 8962000.58000000 1.425238289810 Long EC GB N 1 N N N Wihlborgs Fastigheter AB 549300RC1YDJPITF8X06 Wihlborgs Fastigheter AB 000000000 305844.00000000 NS 4971027.17000000 0.790548739550 Long EC CORP SE N 1 N N N State Street Institutional Treasury Money Market Fund 549300Q3FHSMZ70NLT76 State Street Institutional Treasury Money Market Fund 857492870 7176597.61000000 NS USD 7176597.61000000 1.141303396828 Long STIV RF US N 2 N N N KEPPEL DC REIT RIGHTS EXP 07OCT19 N/A KEPPEL DC REIT RIGHTS EXP 07OCT19 000000000 405961.50000000 NS 58743.48000000 0.009342049939 N/A DE SG N 3 N/A N/A Keppel DC REIT Keppel DC REIT 2019-10-07 XXXX 58743.48000000 N N N Mirvac Group N/A Mirvac Group 000000000 8317546.00000000 NS 17178621.33000000 2.731937882297 Long EC AU N 1 N N N Swire Properties Ltd 5299001L12PHYVQ92465 Swire Properties Ltd 000000000 1083200.00000000 NS 3399813.72000000 0.540676676899 Long EC CORP HK N 1 N N N AZ. BGP HOLDINGS N/A AZ. BGP HOLDINGS 000000000 56622235.00000000 NS 0.00000000 0.000000 Long EC CORP MT N 3 N N N CA Immobilien Anlagen AG 5299003ICAPV07J0R180 CA Immobilien Anlagen AG 000000000 138210.00000000 NS 4903398.25000000 0.779793626847 Long EC CORP AT N 1 N N N Segro PLC 213800XC35KGM9NFC641 Segro PLC 000000000 1294993.00000000 NS 12910028.01000000 2.053098086541 Long EC GB N 1 N N N Charter Hall Group N/A Charter Hall Group 000000000 1309791.00000000 NS 10299107.61000000 1.637880112327 Long EC AU N 1 N N N LondonMetric Property PLC 213800OCERWWPQDURL87 LondonMetric Property PLC 000000000 3037055.00000000 NS 8118171.48000000 1.291043080533 Long EC GB N 1 N N N Aedifica SA 529900DTKNXL0AXQFN28 Aedifica SA 000000000 62364.00000000 NS 7218802.95000000 1.148015365441 Long EC BE N 1 N N N Covivio 969500P8M3W2XX376054 Covivio 000000000 119841.00000000 NS 12683273.62000000 2.017037049038 Long EC FR N 1 N N N Parkway Life Real Estate Investment Trust 549300I4DKVD2OF5LW91 Parkway Life Real Estate Investment Trust 000000000 4143800.00000000 NS 9383998.84000000 1.492349206956 Long EC SG N 1 N N N Boardwalk Real Estate Investment Trust N/A Boardwalk Real Estate Investment Trust 000000000 493708.00000000 NS 16549475.25000000 2.631883985279 Long EC CA N 1 N N N Castellum AB 549300GU5OHTR1T5IY68 Castellum AB 000000000 451537.00000000 NS 9669190.99000000 1.537703675359 Long EC CORP SE N 1 N N N Japan Retail Fund Investment Corp 353800QDHNIP60E1LQ93 Japan Retail Fund Investment Corp 000000000 883.00000000 NS 1866855.95000000 0.296888463435 Long EC JP N 1 N N N Deutsche Wohnen SE 529900QE24Q67I3FWZ10 Deutsche Wohnen SE 000000000 492025.00000000 NS 17960111.36000000 2.856219230408 Long EC CORP DE N 1 N N N InterXion Holding NV 724500JX3LUPNMOBTY38 InterXion Holding NV 000000000 58542.00000000 NS USD 4768831.32000000 0.758393277733 Long EC CORP NL N 1 N N N City Developments Ltd 254900BPLPJS0RJ72373 City Developments Ltd 000000000 871400.00000000 NS 6191186.20000000 0.984592173680 Long EC CORP SG N 1 N N N alstria office REIT-AG 529900QIJIGPI0DRL085 alstria office REIT-AG 000000000 212746.00000000 NS 3649831.70000000 0.580437352549 Long EC DE N 1 N N N Nippon Building Fund Inc 52990053R8NL2MB32172 Nippon Building Fund Inc 000000000 2246.00000000 NS 17240971.10000000 2.741853445097 Long EC JP N 1 N N N Vonovia SE 5299005A2ZEP6AP7KM81 Vonovia SE 000000000 252013.00000000 NS 12786430.94000000 2.033442288139 Long EC CORP DE N 1 N N N CapitaLand Ltd 2549006LYGY45GHGWZ89 CapitaLand Ltd 000000000 2351100.00000000 NS 6004690.52000000 0.954933529759 Long EC CORP SG N 1 N N N Daiwa Office Investment Corp N/A Daiwa Office Investment Corp 000000000 1262.00000000 NS 9792536.42000000 1.557319455133 Long EC JP N 1 N N N Catena AB 549300EMLM7AH5LDLY65 Catena AB 000000000 250474.00000000 NS 8218477.35000000 1.306994849933 Long EC CORP SE N 1 N N N NSI NV 724500I77C30W2LZZJ03 NSI NV 000000000 59096.00000000 NS 2553924.09000000 0.406153778929 Long EC NL N 1 N N N Sumitomo Realty & Development Co Ltd V82KK8NH1P0JS71FJC05 Sumitomo Realty & Development Co Ltd 000000000 589700.00000000 NS 22431778.96000000 3.567354185816 Long EC CORP JP N 1 N N N Orix JREIT Inc N/A Orix JREIT Inc 000000000 4181.00000000 NS 9125697.11000000 1.451271156064 Long EC JP N 1 N N N Invincible Investment Corp 353800JY6M2692VAV685 Invincible Investment Corp 000000000 11765.00000000 NS 7257576.88000000 1.154181632581 Long EC JP N 1 N N N ARGAN SA 529900FXM41XSCUSGH04 ARGAN SA 000000000 86238.00000000 NS 6203679.02000000 0.986578922649 Long EC FR N 1 N N N Sun Hung Kai Properties Ltd 529900LUMD393RD3S874 Sun Hung Kai Properties Ltd 000000000 1780627.00000000 NS 25626743.25000000 4.075453398714 Long EC CORP HK N 1 N N N National Storage REIT N/A National Storage REIT 000000000 6011607.00000000 NS 7283274.92000000 1.158268424392 Long EC CORP AU N 1 N N N Fastighets AB Balder 549300GHKJCEZOAEUU82 Fastighets AB Balder 000000000 133872.00000000 NS 5069811.88000000 0.806258596951 Long EC CORP SE N 1 N N N Shimao Property Holdings Ltd 254900WTJ6B5CU69ZD26 Shimao Property Holdings Ltd 000000000 1176000.00000000 NS 3436008.01000000 0.546432700626 Long EC CORP KY N 1 N N N Eurocommercial Properties NV 724500SFK53FPNM68L95 Eurocommercial Properties NV 000000000 3741.00000000 NS 104221.01000000 0.016574399067 Long EC NL N 1 N N N China Overseas Land & Investment Ltd 529900I6W35GYKRIZ151 China Overseas Land & Investment Ltd 000000000 1388000.00000000 NS 4365336.77000000 0.694225028996 Long EC CORP HK N 1 N N N Inmobiliaria Colonial Socimi SA 95980020140005007414 Inmobiliaria Colonial Socimi SA 000000000 370407.00000000 NS 4469238.32000000 0.710748623936 Long EC ES N 1 N N N Ingenia Communities Group N/A Ingenia Communities Group 000000000 3205699.00000000 NS 8698021.24000000 1.383257321417 Long EC AU N 1 N N N Klepierre SA 969500PB4U31KEFHZ621 Klepierre SA 000000000 536890.00000000 NS 18234315.78000000 2.899826306209 Long EC FR N 1 N N N Allied Properties Real Estate 549300AMZMPKVHA0MY77 Allied Properties Real Estate Investment Trust 000000000 361155.00000000 NS 14603217.99000000 2.322368231067 Long EC CA N 1 N N N Mitsubishi Estate Co Ltd 353800KOFMRGOXSJ5Z65 Mitsubishi Estate Co Ltd 000000000 391677.00000000 NS 7549177.97000000 1.200555322820 Long EC CORP JP N 1 N N N Nippon Prologis REIT Inc 353800PHBMSDLAFURY41 Nippon Prologis REIT Inc 000000000 2888.00000000 NS 7908779.65000000 1.257743232912 Long EC JP N 1 N N N Nomura Real Estate Master Fund 353800TNNZOQ1CPZE086 Nomura Real Estate Master Fund Inc 000000000 7203.00000000 NS 13003704.97000000 2.067995651997 Long EC JP N 1 N N N Mapletree Industrial Trust 549300R7WZFHXNKDJF41 Mapletree Industrial Trust 000000000 4324800.00000000 NS 7603562.57000000 1.209204174558 Long EC SG N 1 N N N Mitsubishi Estate Logistics REIT Investment Corp N/A Mitsubishi Estate Logistics REIT Investment Corp 000000000 1642.00000000 NS 5231620.81000000 0.831991275789 Long EC JP N 1 N N N Wharf Real Estate Investment Co Ltd 529900QLPKS8U9QOPB59 Wharf Real Estate Investment Co Ltd 000000000 1159401.00000000 NS 6331240.39000000 1.006865168694 Long EC CORP KY N 1 N N N Concentradora Fibra Danhos SA N/A Concentradora Fibra Danhos SA de CV 000000000 2398503.00000000 NS 3353334.23000000 0.533284984805 Long EC MX N 1 N N N Activia Properties Inc 353800RPGYN3ML8CXV54 Activia Properties Inc 000000000 2869.00000000 NS 14646825.43000000 2.329303177416 Long EC JP N 1 N N N NIPPON REIT Investment Corp 3538004O49OJ90PEXX85 NIPPON REIT Investment Corp 000000000 2750.00000000 NS 11483236.99000000 1.826193705637 Long EC JP N 1 N N N Merlin Properties Socimi SA 959800L8KD863DP30X04 Merlin Properties Socimi SA 000000000 296997.00000000 NS 4146750.44000000 0.659462968409 Long EC ES N 1 N N N Entra ASA 549300APU14LQKTYCH34 Entra ASA 000000000 579493.00000000 NS 9083192.01000000 1.444511516239 Long EC CORP NO N 1 N N N Big Yellow Group PLC 213800W7Q4V2ZI8LIW31 Big Yellow Group PLC 000000000 141870.00000000 NS 1812392.01000000 0.288226994156 Long EC GB N 1 N N N Hemfosa Fastigheter AB 549300PZRE1NF5Y4QZ03 Hemfosa Fastigheter AB 000000000 639523.00000000 NS 6477053.97000000 1.030054086786 Long EC CORP SE N 1 N N N Gecina SA 9695003E4MMA10IBTR26 Gecina SA 000000000 50022.00000000 NS 7861999.64000000 1.250303748742 Long EC FR N 1 N N N Instone Real Estate Group AG 391200DINUIRPDZQHX03 Instone Real Estate Group AG 000000000 193183.00000000 NS 4025904.81000000 0.640244734992 Long EC CORP DE N 1 N N N RioCan Real Estate Investment Trust 549300S8HVUSEU3JBY60 RioCan Real Estate Investment Trust 000000000 233143.00000000 NS 4642270.70000000 0.738266182226 Long EC CA N 1 N N N Derwent London PLC 213800BXKQ9KZNUR1M61 Derwent London PLC 000000000 108413.00000000 NS 4492181.42000000 0.714397294154 Long EC GB N 1 N N N Tokyu Fudosan Holdings Corp N/A Tokyu Fudosan Holdings Corp 000000000 1472684.00000000 NS 9384317.00000000 1.492399804343 Long EC CORP JP N 1 N N N Assura PLC 21380026T19N2Y52XF72 Assura PLC 000000000 9767019.00000000 NS 8562440.89000000 1.361695806838 Long EC GB N 1 N N N CK Asset Holdings Ltd 5299006GJZSGP78B8S35 CK Asset Holdings Ltd 000000000 1172500.00000000 NS 7943625.04000000 1.263284739366 Long EC CORP KY N 1 N N N Safestore Holdings PLC 213800WGA3YSJC1YOH73 Safestore Holdings PLC 000000000 451986.00000000 NS 3715116.34000000 0.590819651438 Long EC CORP GB N 1 N N N VIB Vermoegen AG 529900NFW9IP8LMOFM33 VIB Vermoegen AG 000000000 262005.00000000 NS 7967470.98000000 1.267076989371 Long EC CORP DE N 1 N N N New World Development Co Ltd 2549008GWMWXTIRL4S48 New World Development Co Ltd 000000000 9696579.00000000 NS 12594405.78000000 2.002904284019 Long EC CORP HK N 1 N N N Mitsui Fudosan Logistics Park 353800DN63EIYS760S59 Mitsui Fudosan Logistics Park Inc 000000000 1653.00000000 NS 6887181.50000000 1.095277186723 Long EC JP N 1 N N N Link REIT 529900XUE70U36QX5M62 Link REIT 000000000 2381841.00000000 NS 26271757.59000000 4.178030845193 Long EC HK N 1 N N N Mitsui Fudosan Co Ltd 353800ND4ZKNZDYKMF33 Mitsui Fudosan Co Ltd 000000000 831492.00000000 NS 20601776.35000000 3.276326555664 Long EC CORP JP N 1 N N N 2019-10-30 Cohen & Steers International Realty Fund, Inc. Albert Laskaj Albert Laskaj Treasurer XXXX NPORT-EX 2 4x41HTML.htm FOR VALIDATION PURPOSES ONLY - [725276.TX]

COHEN & STEERS INTERNATIONAL REALTY FUND, INC.

SCHEDULE OF INVESTMENTS

September 30, 2019 (Unaudited)

 

                                                                       
                          Shares      Value  

COMMON STOCK

     98.1     

AUSTRALIA

     7.9     

REAL ESTATE

       

DIVERSIFIED

     5.7     

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

       56,622,235      $ 0  

Charter Hall Group

       1,309,791        10,299,108  

Ingenia Communities Group

       3,205,699        8,698,021  

Mirvac Group

       8,317,546        17,178,621  
       

 

 

 
          36,175,750  
       

 

 

 

INDUSTRIALS

     1.0     

Goodman Group

       657,705        6,294,758  
       

 

 

 

SELF STORAGE

     1.2     

New South Resources Ltd.

       6,011,607        7,283,275  
       

 

 

 

TOTAL AUSTRALIA

          49,753,783  
       

 

 

 

AUSTRIA

     0.8     

REAL ESTATE—DIVERSIFIED

       

CA Immobilien Anlagen AG

       138,210        4,903,398  
       

 

 

 

BELGIUM

     1.2     

REAL ESTATE—RESIDENTIAL

       

Aedifica SA

       62,364        7,218,803  
       

 

 

 

CANADA

     5.7     

REAL ESTATE

       

OFFICE

     2.3     

Allied Properties REIT

       361,155        14,603,218  
       

 

 

 

RESIDENTIAL

     2.6     

Boardwalk REIT

       493,708        16,549,475  
       

 

 

 

RETAIL

     0.8     

RioCan REIT

       233,143        4,642,271  
       

 

 

 

TOTAL CANADA

          35,794,964  
       

 

 

 

CHINA

     1.2     

REAL ESTATE

       

DIVERSIFIED

     1.2     

China Overseas Land & Investment Ltd. (HKD)

       1,388,000        4,365,337  

Shimao Property Holdings Ltd. (HKD)

       1,176,000        3,436,008  
       

 

 

 
          7,801,345  
       

 

 

 

TOTAL CHINA

          7,801,345  
       

 

 

 

 

1

 

 

                                                                       
                         
Shares
     Value  

FRANCE

     7.3     

REAL ESTATE

       

DIVERSIFIED

     2.0     

Covivio

       119,841      $ 12,683,273  
       

 

 

 

NET LEASE

     1.0     

ARGAN SA

       86,238        6,203,679  
       

 

 

 

OFFICE

     1.3     

Gecina SA

       50,022        7,862,000  
       

 

 

 

RETAIL

     3.0     

Klepierre SA

       564,419        19,169,279  
       

 

 

 

TOTAL FRANCE

          45,918,231  
       

 

 

 

GERMANY

     10.7     

REAL ESTATE

       

OFFICE

     0.5     

Alstria Office REIT AG

       202,598        3,475,735  
       

 

 

 

RESIDENTIAL

     8.9     

Deutsche Wohnen SE

       492,025        17,960,111  

Instone Real Estate Group AG, 144A(b),(c)

       193,183        4,025,905  

LEG Immobilien AG

       187,376        21,444,206  

Vonovia SE

       247,792        12,572,269  
       

 

 

 
          56,002,491  
       

 

 

 

RETAIL

     1.3     

VIB Vermoegen AG

       262,005        7,967,471  
       

 

 

 

TOTAL GERMANY

          67,445,697  
       

 

 

 

HONG KONG

     13.1     

REAL ESTATE

       

DIVERSIFIED

     7.9     

CK Asset Holdings Ltd.

       1,172,500        7,943,625  

New World Development Co., Ltd.

       9,696,579        12,594,406  

Sun Hung Kai Properties Ltd.

       1,780,627        25,626,743  

Swire Properties Ltd.

       1,083,200        3,399,814  
       

 

 

 
          49,564,588  
       

 

 

 

RESIDENTIAL

     1.0     

Wharf Real Estate Investment Co., Ltd.

       1,159,401        6,331,240  
       

 

 

 

RETAIL

     4.2     

Link REIT

       2,381,841        26,271,758  
       

 

 

 

TOTAL HONG KONG

          82,167,586  
       

 

 

 

 

2

 

 

                                                                       
                         
Shares
     Value  

JAPAN

     26.5     

REAL ESTATE

       

DIVERSIFIED

     20.2     

Activia Properties, Inc.

       2,905      $ 14,830,613  

Invincible Investment Corp.

       11,765        7,257,577  

Mitsubishi Estate Co., Ltd.

       391,677        7,549,178  

Mitsubishi Estate Logistics REIT Investment Corp.

       1,642        5,231,621  

Mitsui Fudosan Co., Ltd.

       831,492        20,601,776  

Mitsui Fudosan Logistics Park, Inc.

       1,653        6,887,181  

NIPPON REIT Investment Corp.

       2,750        11,483,237  

Nomura Real Estate Master Fund, Inc.

       7,203        13,003,705  

Orix JREIT, Inc.

       3,894        8,499,274  

Sumitomo Realty & Development Co., Ltd.

       589,700        22,431,779  

Tokyu Fudosan Holdings Corp.

       1,472,684        9,384,317  
       

 

 

 
          127,160,258  
       

 

 

 

INDUSTRIALS

     1.5     

GLP J-REIT

       2,145        2,844,791  

Nippon Prologis REIT, Inc.

       2,444        6,692,887  
       

 

 

 
          9,537,678  
       

 

 

 

OFFICE

     4.3     

Daiwa Office Investment Corp.

       1,262        9,792,536  

Nippon Building Fund, Inc.

       2,246        17,240,971  
       

 

 

 
          27,033,507  
       

 

 

 

RETAIL

     0.5     

Japan Retail Fund Investment Corp.

       1,347        2,847,854  
       

 

 

 

TOTAL JAPAN

          166,579,297  
       

 

 

 

MEXICO

     0.5     

REAL ESTATE—OFFICE

       

Concentradora Fibra Danhos SA de CV

       2,398,503        3,353,334  
       

 

 

 

NETHERLANDS

     1.2     

REAL ESTATE

       

DATA CENTERS

     0.8     

InterXion Holding NV (USD)(b)

 

    58,542        4,768,831  
       

 

 

 

DIVERSIFIED

     0.4     

NSI NV

       59,096        2,553,924  
       

 

 

 

RETAIL

     0.0     

Eurocommercial Properties NV

       10,643        296,505  
       

 

 

 

 

3

 

 

                                                                       
                         
Shares
     Value  

TOTAL NETHERLANDS

        $ 7,619,260  
       

 

 

 

NORWAY

     1.4     

REAL ESTATE—OFFICE

       

Entra ASA, 144A(c)

       579,493        9,083,192  
       

 

 

 

SINGAPORE

     6.0     

REAL ESTATE

       

DIVERSIFIED

     3.3     

CapitaLand Ltd.

       2,351,100        6,004,691  

City Developments Ltd.

       871,400        6,191,186  

Keppel DC REIT

       6,183,400        8,544,871  
       

 

 

 
          20,740,748  
       

 

 

 

HEALTH CARE

     1.5     

Parkway Life Real Estate Investment Trust

       4,143,800        9,383,999  
       

 

 

 

INDUSTRIALS

     1.2     

Mapletree Industrial Trust

       4,324,800        7,603,563  
       

 

 

 

TOTAL SINGAPORE

          37,728,310  
       

 

 

 

SPAIN

     1.4     

REAL ESTATE

       

DIVERSIFIED

     0.7     

Merlin Properties Socimi SA

       296,997        4,146,751  
       

 

 

 

OFFICE

     0.7     

Inmobiliaria Colonial Socimi SA

       370,407        4,469,238  
       

 

 

 

TOTAL SPAIN

          8,615,989  
       

 

 

 

SWEDEN

     5.5     

REAL ESTATE

       

DIVERSIFIED

     3.4     

Castellum AB

       451,537        9,669,191  

Fastighets AB Balder, Class B(b)

       133,872        5,069,812  

Hemfosa Fastigheter AB

       639,523        6,477,054  
       

 

 

 
          21,216,057  
       

 

 

 

INDUSTRIALS

     1.3     

Catena AB

       250,474        8,218,477  
       

 

 

 

OFFICE

     0.8     

Wihlborgs Fastigheter AB

       305,844        4,971,027  
       

 

 

 

TOTAL SWEDEN

          34,405,561  
       

 

 

 

 

4

 

 

                                                                       
                         
Shares
     Value  

UNITED KINGDOM

     7.7     

REAL ESTATE

       

HEALTH CARE

     1.4     

Assura PLC

       9,767,019      $ 8,562,441  
       

 

 

 

INDUSTRIALS

     3.3     

LondonMetric Property PLC

       3,037,055        8,118,171  

Segro PLC

       1,294,993        12,910,028  
       

 

 

 
          21,028,199  
       

 

 

 

OFFICE

     0.8     

Derwent London PLC

       120,244        4,982,409  
       

 

 

 

RESIDENTIAL

     1.4     

UNITE Group PLC

       667,477        8,962,001  
       

 

 

 

SELF STORAGE

     0.8     

Big Yellow Group PLC

       104,570        1,335,884  

Safestore Holdings PLC

       451,986        3,715,116  
       

 

 

 
          5,051,000  
       

 

 

 

TOTAL UNITED KINGDOM

          48,586,050  
       

 

 

 

TOTAL COMMON STOCK
(Identified cost—$550,506,076)

          616,974,800  
       

 

 

 
           Number
of Rights
        

RIGHTS—SINGAPORE

     0.0     

REAL ESTATE—DIVERSIFIED

       

Keppel DC REIT, expires 10/7/19(a)

       405,962        58,743  
       

 

 

 

TOTAL RIGHTS
(Identified cost—$0)

          58,743  
       

 

 

 
          
Shares
        

SHORT-TERM INVESTMENTS

     1.2     

MONEY MARKET FUNDS

       

State Street Institutional Treasury Money Market Fund, Premier Class, 1.95%(d)

       7,176,598        7,176,598  
       

 

 

 

TOTAL SHORT-TERM INVESTMENTS
(Identified cost—$7,176,598)

          7,176,598  
       

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(Identified cost—$557,682,674)

     99.3                               624,210,141  

OTHER ASSETS IN EXCESS OF LIABILITIES

     0.7          4,523,579  
  

 

 

      

 

 

 

NET ASSETS

     100.0      $ 628,733,720  
  

 

 

      

 

 

 

 

5

 

 

Glossary of Portfolio Abbreviations

 

EUR    Euro Currency
HKD    Hong Kong Dollar
REIT    Real Estate Investment Trust
USD    United States Dollar

 

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 $13,109,097 which represents 2.1% of the net assets of the Fund, of which 0.0% are illiquid.

(d)

Rate quoted represents the annualized seven-day yield.

 

6

 

 

                    

Sector Summary

   % of
Net
Assets
 

Diversified

     44.1  

Residential

     16.6  

Office

     13.8  

Retail

     9.7  

Industrials

     7.2  

Health Care

     2.9  

Self Storage

     2.0  

Net Lease

     1.0  

Data Centers

     0.8  

Other

     1.9  
  

 

 

 
     100.0  
  

 

 

 

 

7

 

 

COHEN & STEERS INTERNATIONAL REALTY FUND, 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.

 

 

 

COHEN & STEERS INTERNATIONAL REALTY FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

 

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.

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 September 30, 2019 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

   $ 616,974,800      $ 616,974,800      $      $             0 (a) 

Rights

     58,743                      58,743 (c) 

Short-Term Investments

     7,176,598               7,176,598         
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Investments in Securities(b)

   $ 624,210,141      $ 616,974,800      $ 7,176,598      $ 58,743  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(a)

BGP Holding 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.

(b)

Portfolio holdings are disclosed individually on the Schedule of Investments.

(c)

Level 3 investments are valued by a third-party pricing service. The inputs for these securities are not readily available or cannot be reasonably estimated. A change in the significant unobservable inputs could result in a significantly lower or higher value in such Level 3 investments.

 

 

 

COHEN & STEERS INTERNATIONAL REALTY FUND, INC.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

 

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

 

                           
     Rights—
Real
Estate—
Diversified
 

Balance as of December 31, 2018

   $  

Purchases

     0  

Change in unrealized appreciation (depreciation)

     58,743  
  

 

 

 

Balance as of September 30, 2019

   $ 58,743  
  

 

 

 

The change in unrealized appreciation (depreciation) attributable to securities owned on September 30, 2019 which were valued using significant unobservable inputs (Level 3) amounted to $58,743.