-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HyibdHyPdL+Xv0gzzAy0PgSvEKCfzr4QzNcaEI/0FLObi7sgIQdFV9s4YNcc7Bwu uF+mhO+H9kyzhjlqQQXumg== 0000845563-04-000140.txt : 20041115 0000845563-04-000140.hdr.sgml : 20041115 20041115091931 ACCESSION NUMBER: 0000845563-04-000140 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040930 FILED AS OF DATE: 20041115 DATE AS OF CHANGE: 20041115 EFFECTIVENESS DATE: 20041115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COHEN & STEERS CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0000845563 IRS NUMBER: 013335336 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-02405 FILM NUMBER: 041141951 BUSINESS ADDRESS: STREET 1: 757 THIRD AVE CITY: NEW YORK STATE: NY ZIP: 10017-2013 BUSINESS PHONE: 2128323232 MAIL ADDRESS: STREET 1: 757 THIRD AVE CITY: NEW YORK STATE: NY ZIP: 10017-2013 13F-HR 1 f13f3q04.txt Cohen & Steers Capital Management, Inc. FORM 13F September 30, 2004 Title of Value Shares/ Sh/ Name of Issuer class CUSIP (x$1000) Prn Amt Prn - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- AGL Resources COM 001204106 5972 194077 SH AMB Property Corp. COM 00163T109 108070 2919242 SH Affordable Residential Communities COM 008273104 52556 3599700 SH Alexanders Inc. COM 014752109 1712 8600 SH Ameren Corp COM 023608102 139520 3023193 SH American Campus Communities COM 024835100 16492 888600 SH American Electric Power Co COM 025537101 27051 846407 SH Amli Residential COM 001735109 105880 3465800 SH Apartment Investment COM 03748R101 34268 985275 SH Archstone-Smith Tr. COM 039583109 451883 14282004 SH Arden Realty COM 039793104 317590 9747999 SH Atmos Energy Corp COM 049560105 11639 462032 SH AvalonBay Comm. COM 053484101 379414 6300471 SH BRE Properties COM 05564E106 139722 3643337 SH BioMed Property Trust COM 09063H107 24041 1366750 SH Boston Properties COM 101121101 421186 7604010 SH Brandywine Realty Tr. COM 105368203 208776 7330635 SH Brookfield Properties COM 112900105 132790 4116258 SH CBL & Associates COM 124830100 103288 1694643 SH CINergy Corp COM 172474108 141585 3575370 SH CRT Properties COM 22876P109 32181 1500300 SH Camden Ppty Trust COM 133131102 103109 2231800 SH Capital Trust COM 14052H506 12938 444600 SH CarrAmerica Realty COM 144418100 265071 8106151 SH Catellus Development COM 149113102 126394 4767785 SH Cedar Shopping Centers Inc. COM 150602209 19250 1379900 SH Colonial Property Tr COM 195872106 111180 2764300 SH Commercial Net Lease COM 202218103 27335 1500300 SH Consolidated Edison Inc COM 209115104 104454 2484626 SH Crescent Real Estate COM 225756105 108390 6886255 SH DTE Energy Co COM 233331107 87029 2062783 SH Developers Divers. COM 251591103 132533 3385266 SH Dominion Resources Inc COM 25746U109 53073 813376 SH Duke Energy Corporation COM 264399106 54721 2390609 SH Eastgroup Properties COM 277276101 13336 401700 SH Edison International COM 281020107 312 11761 SH Energy East Corp COM 29266M109 18651 740706 SH Entergy Corp COM 29364G103 75831 1251133 SH Equitable Resources Inc COM 294549100 44199 813822 SH Equity Inns Inc COM 294703103 19815 2005600 SH Equity Office Pptys COM 294741103 438947 16108147 SH Equity Residential COM 29476L107 234031 7549375 SH Essex Property Tr. COM 297178105 104110 1448995 SH Exelon Corp COM 30161N101 75244 2050811 SH FPL Group Inc COM 302571104 14137 206922 SH Federal Realty Inv. COM 313747206 99797 2268115 SH First Industrial Rlty COM 32054K103 192825 5225600 SH FirstEnergy Corp COM 337932107 56952 1386362 SH Gables Residential Tr COM 362418105 163814 4796900 SH General Growth COM 370021107 142653 4601724 SH Glimcher Realty Tr COM 379302102 128229 5276900 SH HRPT Properties Tr. COM 40426W101 85562 7785400 SH Hawaiian Electric Industries COM 419870100 48342 1821490 SH Health Care Ppty COM 421915109 253183 9737808 SH Health Care REIT COM 42217K106 171182 4863125 SH Heritage Property Investment COM 42725M107 133526 4577500 SH Highwoods Properties COM 431284108 98890 4018285 SH Hilton Hotels Corp COM 432848109 85292 4527192 SH Home Properties COM 437306103 119353 3017000 SH Hospitality Pptys Tr COM 44106M102 163319 3843700 SH Host Marriott COM 44107P104 200506 14291217 SH Inland Real Estate Corp COM 457461101 24613 1680100 SH Keyspan Corp COM 49337W100 83913 2140629 SH Kilroy Realty COM 49427F108 117433 3087907 SH Kramont Realty Trust COM 50075Q107 66356 3567500 SH LTC Properties COM 502175102 9392 525000 SH Lexington Corporate COM 529043101 36762 1693300 SH Liberty Property Tr COM 531172104 213460 5357921 SH Macerich COM 554382101 328644 6167092 SH Mack-Cali Realty COM 554489104 312769 7060255 SH Maguire Properties COM 559775101 154697 6363515 SH Mid-America Apartment Communities COM 59522J103 74040 1900900 SH Mills Corp COM 601148109 381669 7358193 SH Mission West COM 605203108 23805 2300000 SH National Grid Transco-ADR COM 636274102 7382 172356 SH Nationwide Health COM 638620104 159648 7693900 SH New Plan Excel Rlty COM 648053106 80005 3200200 SH Newcastle Investment Corporation COM 65105M108 152195 4957476 SH NiSource Inc COM 65473P105 12251 583095 SH Nstar COM 67019E107 14365 292566 SH PPL Corp COM 69351T106 34150 723829 SH Pan Pacific COM 69806L104 55455 1025039 SH Pennsylvania REIT COM 709102107 16519 427300 SH Pepco Holdings Inc COM 713291102 75245 3781156 SH Pinnacle West Capital Corp COM 723484101 66863 1611161 SH Post Properties COM 737464107 110938 3710310 SH Prentiss Properties COM 740706106 238535 6625972 SH ProLogis COM 743410102 323102 9168609 SH Progress Energy Inc COM 743263105 85474 2018755 SH Public Service Enterprise Group COM 744573106 85692 2011538 SH Public Storage Inc. COM 74460D109 147582 2978452 SH Public Storage-Series A COM 74460D729 23299 826200 SH Puget Energy Inc COM 745310102 30153 1328314 SH Questar Corp COM 748356102 254 5538 SH Ramco-Gershenson COM 751452202 44373 1638600 SH Reckson Assoc COM 75621K106 271215 9433575 SH Regency Centers Corp COM 758849103 39707 854107 SH SL Green Realty COM 78440X101 123322 2380267 SH Scana Corp Hldg Co. COM 80589M102 4366 116917 SH Scottish Power Plc-ADR COM 81013T705 10704 347078 SH Sempra Energy COM 816851109 7810 215799 SH Shurgard Storage COM 82567D104 130925 3374347 SH Simon Property Group COM 828806109 363379 6775671 SH Southern Co COM 842587107 140297 4679688 SH Sovran Self Storage COM 84610H108 36198 923900 SH Starwood Hotels COM 85590A203 152502 3285260 SH Strategic Hotel Capital COM 86272T106 20080 1485200 SH Summit Properties COM 866239106 81299 3005525 SH Sun Communities COM 866674104 111372 2841850 SH TXU Corp COM 873168108 24259 506236 SH Taubman Centers COM 876664103 124478 4819135 SH Town & Country COM 892081100 44387 1744100 SH Urstadt Biddle Class A COM 917286205 9603 630100 SH Vectren Corporation COM 92240G101 14728 584889 SH Ventas Inc. COM 92276F100 278242 10734661 SH Vornado Realty Tr. COM 929042109 537733 8579024 SH Xcel Energy Inc COM 98389B100 38924 2247365 SH iStar Financial COM 45031U101 162199 3934000 SH ACE Ltd. ADR 7.8% (ACE C) PFD 016992496 10233 380400 SH AGL Capital Trust II PFD 001198209 284 10700 SH AOL SR CABCO 7.625% (UYE) PFD 126794205 2900 109900 SH ASBC TR 7.625% (ABW A) PFD 00209E207 2023 75500 SH Abbey Nat. ADR 7.375% (ANB B) PFD 002920700 2858 105700 SH Abbey Nat. ADR 7.375% (ANB C) PFD 002920809 13141 493264 SH Aetna Inc. SR 8.5% (AEF) PFD 00817Y207 861 32000 SH Affordable Residential Pr.A 8.25% PFD 008273203 20510 804000 SH Agrium Inc. PFD 008916207 3311 131200 SH Alexandria Real Est. Pr.B PFD 015271307 3307 122400 SH Alexandria Real Est. Pr.C PFD 015271406 27203 1036300 SH Apartment Inv. Pr.D PFD 03748R309 2277 90105 SH Apartment Inv. Pr.G PFD 03748R408 9662 362400 SH Apartment Inv. Pr.Q PFD 03748R853 2897 109200 SH Apartment Inv. Pr.R PFD 03748R846 47889 1795600 SH Apartment Investments Pr.T PFD 03748R838 3044 122100 SH Ashford Hospitality Trust Pr. A PFD 044103208 4294 169000 SH Bedford Property Investors Pr.B PFD 076446608 11575 458400 SH Brandywine Realty Pr.C PFD 105368401 6886 273129 SH Brandywine Realty Pr.D PFD 105368500 693 27500 SH CBL & Assoc Prop 8.75% Pr.B PFD 124830308 26445 492000 SH CBL & Associates Properties Pr.C PFD 124830506 14917 569137 SH CRT Properties Pr.A PFD 22876P208 4106 155835 SH Capital Automotive 6.75% Pref. Monthly PFD 139733208 6685 275000 SH Capital Automotive REIT Pr.A PFD 139733117 11062 437402 SH Capital Automotive REIT Pr.B PFD 139733307 11401 442600 SH Carramerica Realty Corp. Pr.E PFD 144418704 2859 108000 SH Cedar Shopping Centers Pr.A PFD 150602308 15091 576000 SH Chelsea Property Pr.A PFD 163421209 10607 176050 SH Chevy Chase Bank 8.00% (CCX C) PFD 166779207 2378 87100 SH Cobank 7.00% 144A PFD 19075Q300 10316 200000 SH Colonial Cap Trust (CNB B) PFD 19560Q203 9879 369300 SH Colonial Properties Trust Pr.C PFD 195872304 1903 71800 SH Colonial Properties Trust Pr.D PFD 195872403 13546 512900 SH Commercial Net Lease Pr.A PFD 202218111 5984 219600 SH Corporate Office Properties Pr.F PFD 22002T405 1264 46400 SH Corporate Office Properties Pr.G PFD 22002T504 1315 51586 SH Countrywide Cap TR 6.75% (CFC A) PFD 22238E206 1794 71100 SH Cousins Property Pr.A PFD 222795304 15532 602260 SH Crescent Real Estate Pr.A PFD 225756204 58130 2740700 SH Crescent Real Estate Pr.B PFD 225756402 3887 142900 SH DaimlerChrys SR CBTCS 7.25% (JZO) PFD 21988K206 600 23708 SH DaimlerChrys SR CBTCS 7.4% (XKX) PFD 21988G486 968 37300 SH Dairy Farmers of America 7.875% 144A PFD 23385H208 22619 225000 SH Delphi Trust 8.25% (DPH A) PFD 24717P207 11786 456100 SH Developers Divers. Pr.F PFD 251591871 35154 1311700 SH Developers Divers. Pr.G PFD 251591830 1810 68600 SH Developers Divers. Pr.H PFD 251591822 638 25000 SH Developers Divers. Pr.I PFD 251591780 15866 625400 SH Dominion CNG TR 7.8% (DMG A) PFD 257206201 2105 78700 SH Duquesne Light Co. 6.50% (DQU H) PFD 266228824 10037 194900 SH EIX Trust 7.875% (EIX A) PFD 268540200 33563 1331325 SH EIX Trust 8.6% (EIX B) PFD 26853P206 2380 93800 SH Energy East TR 8.25% (ECT) PFD 29267G200 2949 110500 SH Enterprise Capital 7.44% (PEG S) PFD 293701207 1902 75700 SH Equity Inns Inc. Pr.B PFD 294703301 9594 363400 SH Equity Office Pr.G PFD 294741871 1099 41100 SH FMCC SR 7.6% (FCJ) PFD 345397301 988 38000 SH Federal Realty Pr.B PFD 313747503 9412 346400 SH Felcor Lodging Pr.A PFD 31430F200 7708 318500 SH Felcor Lodging Pr.B PFD 31430F408 21235 829500 SH First Republic Cap 6.70% (FRC A) PFD 336158209 7968 318700 SH Fleet Boston TR 7.2% (FBF L) PFD 33889V207 2489 94800 SH Fleet Boston TR 7.2% (FBF M) PFD 33889X203 2314 87900 SH Ford Motor SR CORTS 8% (KVU) PFD 22082K209 2086 80000 SH Forest City Enterprises Pr.A PFD 345550404 15838 630000 SH Gables Residential Trust Pr.D PFD 362418402 1183 45400 SH Glimcher Realty Pr.F PFD 379302300 15562 591700 SH Glimcher Realty Pr.G PFD 379302409 17082 671200 SH HRPT Properties Pr.B PFD 40426W309 26313 964900 SH Health Care Property Pr.F PFD 421915125 1610 64000 SH Health Care REIT Pr.D PFD 42217K304 7001 276286 SH Health Care REIT Pr.F PFD 42217K403 20594 832100 SH Highwoods Prop. Pr.A PFD 431284207 48874 46853 SH Highwoods Properties Pr.B PFD 431284306 6180 245550 SH Highwoods Properties Pr.D PFD 431284504 6846 274400 SH Home Properties Pr.F PFD 437306509 5449 196000 SH Host Marriott Cv Pfd QUIP PFD 441079407 1493 27900 SH Host Marriott Pr.B PFD 44107P302 2466 94400 SH Host Marriott Pr.C PFD 44107P401 4916 182600 SH Host Marriott Pr.E PFD 44107P609 6614 240000 SH ING Group JR 7.05% (IND) PFD 456837202 6313 241600 SH ING Group JR 7.2% (INZ) PFD 456837301 4408 165700 SH Innkeepers USA Pr.C PFD 4576J0401 25748 1017700 SH Kilroy Realty Corp. Pr.E PFD 49427F405 11149 437214 SH Kramont Realty Pr.E PFD 50075Q404 11526 433800 SH LTC Properties Pr.F PFD 502175607 34526 1358213 SH Laclede TR 7.7% (LG A) PFD 50558V201 1787 66300 SH Lasalle Hotel Prop Pr.A PFD 517942207 35612 1276400 SH Lexington Corp. Pr.B PFD 529043200 3231 125000 SH Liberty Media SR CBTCS 8.75% (XKI) PFD 21988G593 6750 255200 SH Liberty Media SR PPLUS 8.75% (PIS) PFD 740434808 5037 187195 SH Lincoln National TR 7.65% (LNC V) PFD 534042205 1688 63700 SH MBNA TR 8.1% (KRB E) PFD 55270B201 6220 230300 SH MBNA TR 8.125% (KRB D) PFD 55266J200 9146 342542 SH Maguire Properties Pr.A PFD 559775200 50404 2024276 SH Mid-America Apartment Pr.H PFD 59522J806 35140 1363600 SH Mills Corp Pr.B PFD 601148208 32988 1213700 SH Mills Corp Pr.C PFD 601148307 18167 660600 SH Mills Corp. Pr.E PFD 601148406 15960 591117 SH Nat'l Rural Utils JR 7.4% (NRS) PFD 637432600 1284 48300 SH Nationwide Health Pr.P PFD 638620203 34738 342457 SH New Plan Excel Pr.D 7.8% PFD 648053700 2607 50600 SH Newcastle Investment Pr. B PFD 65105M207 7681 286600 SH Nexen Inc. Sub Notes (NXY B) PFD 65334H508 16373 611160 SH Northern Rock PLC 8.00% Preferred PFD EP0013458 3027 120531 SH Northern States Pwr SR 8% (XCH) PFD 665772794 1390 51200 SH Old Second TR 7.8% (OSBCP) PFD 680280104 980 90000 SH Omega Healthcare Pr. D PFD 681936407 26050 1000000 SH PS Business Parks Pr.D PFD 69360J503 21668 805500 SH PS Business Parks Pr.F PFD 69360J701 2721 102100 SH PS Business Parks Pr.H PFD 69360J875 3794 154850 SH PS Business Parks Pr.I PFD 69360J867 8137 342600 SH PS Business Parks Pr.K PFD 69360J834 9337 360500 SH PSEG Funding TR 8.75% (PEG U) PFD 69361X204 5821 211200 SH Pacific Gas & Electric 6.57% (PCG Y) PFD 694308693 6117 240833 SH Pacific Gas & Electric 7.04% (PCG U) PFD 694308685 657 25600 SH PartnerRe Capital Trust I Pr.T PFD 70212C209 258 9600 SH Pennsylvania REIT Pr. A PFD 709102206 17201 289100 SH Post Properties Pr.A PFD 737464206 3455 60000 SH ProLogis Pr.C PFD 743410409 2251 39388 SH Public Storage Pr.R PFD 74460D687 227 8600 SH Puget Sound Energy TR 8.4% (PSD) PFD 74531W201 3580 134900 SH RAMCO-Gershenson Pr.B PFD 751452400 6997 258200 SH Realty Income Pr.D PFD 756109609 1172 44800 SH Reckson Assoc Pr. A PFD 75621K205 1377 52668 SH RenaissanceRe ADR 7.3% (RNR B) PFD G7498P200 1743 65900 SH RenaissanceRe ADR 8.1% (RNR A) PFD G7496G202 830 30900 SH RenaissanceRe Hldngs. 6.08% (RNR C) PFD EP0112524 1087 46100 SH Roslyn Real Estate Variable Rate Ser. D PFD 778198408 10000 100 SH Royal Bank of Scotland Pr.H PFD 780097879 1751 69300 SH SL Green Realty Corp. Pr.C PFD 78440X309 30787 1201200 SH SL Green Realty Corp. Pr.D PFD 78440X408 19673 771500 SH Saul Centers Preferred Series A PFD 804395200 11294 423800 SH Shaw Comm TR 8.45% (SJR A) PFD 82028K606 10139 403142 SH Shaw Comm TR 8.5% (SJR B) PFD 82028K705 18322 728500 SH Simon Property Pr.F PFD 828806604 1503 55700 SH Southern California Edison 7.23% PFD 842400798 8333 82300 SH Southern Union Gas SR 7.55% (SUG C) PFD 844030601 34012 1262500 SH Southwest Gas Capital TR 7.70% (SWX B) PFD 844891200 16211 600400 SH St. Paul TR 7.6% (SPC A) PFD 85231F207 3643 139430 SH Taubman Centers Pr.A PFD 876664202 18590 722800 SH Tel & Data SR 7.6% (TDA) PFD 879433878 5261 199800 SH Torchmark Capital I Pr.T PFD 89102Q201 1104 41000 SH US Cellular 7.50% PFD 911684306 2783 106000 SH United Dominion Pr.B PFD 910197300 955 35300 SH Urstadt Biddle Prop Pr.C PFD 917286403 8740 80000 SH Virginia Power Capital Trust Pr.A PFD 928083203 1669 62061 SH Vodaphone/Centaur STOCK 9.08% (151327202) PFD 151327202 17413 13908 SH Vornado Realty Trust Pr.C PFD 929042406 1272 49400 SH Zions Bank TR 8% (ZB B) PFD 989703202 272 10000 SH iStar Fin'l Pr.D PFD 45031U408 3527 139300 SH iStar Financial Pr.E PFD 45031U507 26046 1034000 SH iStar Financial Pr.F PFD 45031U606 18132 724700 SH iStar Financial Pr.G PFD 45031U705 14353 574100 SH iStar Financial Pr.I PFD 45031U804 9095 366740 SH Voting Authority -------------------------- Put/ Invstmt Other Name of Issuer Call Dscretn Managers Sole Shared None - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- AGL Resources Sole 194077 AMB Property Corp. Sole 2769642 149600 Affordable Residential Communities Sole 3509900 89800 Alexanders Inc. Sole 8600 Ameren Corp Sole 3023193 American Campus Communities Sole 885000 3600 American Electric Power Co Sole 846407 Amli Residential Sole 3455500 10300 Apartment Investment Sole 942775 42500 Archstone-Smith Tr. Sole 13890044 391960 Arden Realty Sole 9611285 136714 Atmos Energy Corp Sole 462032 AvalonBay Comm. Sole 6052487 247984 BRE Properties Sole 3441437 201900 BioMed Property Trust Sole 1314450 52300 Boston Properties Sole 7246722 357288 Brandywine Realty Tr. Sole 7263435 67200 Brookfield Properties Sole 3892758 223500 CBL & Associates Sole 1623843 70800 CINergy Corp Sole 3575370 CRT Properties Sole 1491700 8600 Camden Ppty Trust Sole 2228600 3200 Capital Trust Sole 444600 CarrAmerica Realty Sole 7968397 137754 Catellus Development Sole 4500896 266889 Cedar Shopping Centers Inc. Sole 1379900 Colonial Property Tr Sole 2757400 6900 Commercial Net Lease Sole 1500300 Consolidated Edison Inc Sole 2484626 Crescent Real Estate Sole 6823055 63200 DTE Energy Co Sole 2062783 Developers Divers. Sole 3257184 128082 Dominion Resources Inc Sole 813376 Duke Energy Corporation Sole 2390609 Eastgroup Properties Sole 399000 2700 Edison International Sole 11761 Energy East Corp Sole 740706 Entergy Corp Sole 1251133 Equitable Resources Inc Sole 813822 Equity Inns Inc Sole 1994000 11600 Equity Office Pptys Sole 15852849 255298 Equity Residential Sole 7233575 315800 Essex Property Tr. Sole 1366695 82300 Exelon Corp Sole 2050811 FPL Group Inc Sole 206922 Federal Realty Inv. Sole 2146715 121400 First Industrial Rlty Sole 5217700 7900 FirstEnergy Corp Sole 1386362 Gables Residential Tr Sole 4788500 8400 General Growth Sole 4400324 201400 Glimcher Realty Tr Sole 5265100 11800 HRPT Properties Tr. Sole 7785400 Hawaiian Electric Industries Sole 1821490 Health Care Ppty Sole 9719800 18008 Health Care REIT Sole 4857925 5200 Heritage Property Investment Sole 4568400 9100 Highwoods Properties Sole 3942885 75400 Hilton Hotels Corp Sole 4213492 313700 Home Properties Sole 3006700 10300 Hospitality Pptys Tr Sole 3838300 5400 Host Marriott Sole 13501017 790200 Inland Real Estate Corp Sole 1669500 10600 Keyspan Corp Sole 2140629 Kilroy Realty Sole 2987407 100500 Kramont Realty Trust Sole 3552800 14700 LTC Properties Sole 525000 Lexington Corporate Sole 1688500 4800 Liberty Property Tr Sole 5322379 35542 Macerich Sole 6019874 147218 Mack-Cali Realty Sole 6967555 92700 Maguire Properties Sole 6228215 135300 Mid-America Apartment Communities Sole 1896900 4000 Mills Corp Sole 7134093 224100 Mission West Sole 2294600 5400 National Grid Transco-ADR Sole 172356 Nationwide Health Sole 7688400 5500 New Plan Excel Rlty Sole 3195500 4700 Newcastle Investment Corporation Sole 4957476 NiSource Inc Sole 583095 Nstar Sole 292566 PPL Corp Sole 723829 Pan Pacific Sole 974139 50900 Pennsylvania REIT Sole 422900 4400 Pepco Holdings Inc Sole 3781156 Pinnacle West Capital Corp Sole 1611161 Post Properties Sole 3552510 157800 Prentiss Properties Sole 6539072 86900 ProLogis Sole 8654209 514400 Progress Energy Inc Sole 2018755 Public Service Enterprise Group Sole 2011538 Public Storage Inc. Sole 2809452 169000 Public Storage-Series A Sole 826200 Puget Energy Inc Sole 1328314 Questar Corp Sole 5538 Ramco-Gershenson Sole 1633200 5400 Reckson Assoc Sole 9256575 177000 Regency Centers Corp Sole 814807 39300 SL Green Realty Sole 2244967 135300 Scana Corp Hldg Co. Sole 116917 Scottish Power Plc-ADR Sole 347078 Sempra Energy Sole 215799 Shurgard Storage Sole 3211747 162600 Simon Property Group Sole 6520269 255402 Southern Co Sole 4679688 Sovran Self Storage Sole 921700 2200 Starwood Hotels Sole 2989660 295600 Strategic Hotel Capital Sole 1482400 2800 Summit Properties Sole 2853825 151700 Sun Communities Sole 2714650 127200 TXU Corp Sole 506236 Taubman Centers Sole 4585635 233500 Town & Country Sole 1738500 5600 Urstadt Biddle Class A Sole 630100 Vectren Corporation Sole 584889 Ventas Inc. Sole 10551861 182800 Vornado Realty Tr. Sole 8286672 292352 Xcel Energy Inc Sole 2247365 iStar Financial Sole 3926700 7300 ACE Ltd. ADR 7.8% (ACE C) Sole 380400 AGL Capital Trust II Sole 10700 AOL SR CABCO 7.625% (UYE) Sole 109900 ASBC TR 7.625% (ABW A) Sole 75500 Abbey Nat. ADR 7.375% (ANB B) Sole 105700 Abbey Nat. ADR 7.375% (ANB C) Sole 493264 Aetna Inc. SR 8.5% (AEF) Sole 32000 Affordable Residential Pr.A 8.25% Sole 804000 Agrium Inc. Sole 131200 Alexandria Real Est. Pr.B Sole 122400 Alexandria Real Est. Pr.C Sole 1036300 Apartment Inv. Pr.D Sole 90105 Apartment Inv. Pr.G Sole 362400 Apartment Inv. Pr.Q Sole 109200 Apartment Inv. Pr.R Sole 1795600 Apartment Investments Pr.T Sole 122100 Ashford Hospitality Trust Pr. A Sole 169000 Bedford Property Investors Pr.B Sole 458400 Brandywine Realty Pr.C Sole 273129 Brandywine Realty Pr.D Sole 27500 CBL & Assoc Prop 8.75% Pr.B Sole 492000 CBL & Associates Properties Pr.C Sole 569137 CRT Properties Pr.A Sole 155835 Capital Automotive 6.75% Pref. Monthly Sole 275000 Capital Automotive REIT Pr.A Sole 432402 5000 Capital Automotive REIT Pr.B Sole 442600 Carramerica Realty Corp. Pr.E Sole 108000 Cedar Shopping Centers Pr.A Sole 576000 Chelsea Property Pr.A Sole 176050 Chevy Chase Bank 8.00% (CCX C) Sole 87100 Cobank 7.00% 144A Sole 200000 Colonial Cap Trust (CNB B) Sole 369300 Colonial Properties Trust Pr.C Sole 71800 Colonial Properties Trust Pr.D Sole 512900 Commercial Net Lease Pr.A Sole 219600 Corporate Office Properties Pr.F Sole 46400 Corporate Office Properties Pr.G Sole 51586 Countrywide Cap TR 6.75% (CFC A) Sole 71100 Cousins Property Pr.A Sole 602260 Crescent Real Estate Pr.A Sole 2740700 Crescent Real Estate Pr.B Sole 142900 DaimlerChrys SR CBTCS 7.25% (JZO) Sole 23708 DaimlerChrys SR CBTCS 7.4% (XKX) Sole 37300 Dairy Farmers of America 7.875% 144A Sole 225000 Delphi Trust 8.25% (DPH A) Sole 456100 Developers Divers. Pr.F Sole 1311700 Developers Divers. Pr.G Sole 68600 Developers Divers. Pr.H Sole 25000 Developers Divers. Pr.I Sole 625400 Dominion CNG TR 7.8% (DMG A) Sole 78700 Duquesne Light Co. 6.50% (DQU H) Sole 194900 EIX Trust 7.875% (EIX A) Sole 1331325 EIX Trust 8.6% (EIX B) Sole 93800 Energy East TR 8.25% (ECT) Sole 110500 Enterprise Capital 7.44% (PEG S) Sole 75700 Equity Inns Inc. Pr.B Sole 363400 Equity Office Pr.G Sole 41100 FMCC SR 7.6% (FCJ) Sole 38000 Federal Realty Pr.B Sole 346400 Felcor Lodging Pr.A Sole 318500 Felcor Lodging Pr.B Sole 829500 First Republic Cap 6.70% (FRC A) Sole 318700 Fleet Boston TR 7.2% (FBF L) Sole 94800 Fleet Boston TR 7.2% (FBF M) Sole 87900 Ford Motor SR CORTS 8% (KVU) Sole 80000 Forest City Enterprises Pr.A Sole 630000 Gables Residential Trust Pr.D Sole 45400 Glimcher Realty Pr.F Sole 591700 Glimcher Realty Pr.G Sole 668400 2800 HRPT Properties Pr.B Sole 964900 Health Care Property Pr.F Sole 59000 5000 Health Care REIT Pr.D Sole 276286 Health Care REIT Pr.F Sole 832100 Highwoods Prop. Pr.A Sole 46853 Highwoods Properties Pr.B Sole 245550 Highwoods Properties Pr.D Sole 274400 Home Properties Pr.F Sole 196000 Host Marriott Cv Pfd QUIP Sole 27900 Host Marriott Pr.B Sole 94400 Host Marriott Pr.C Sole 182600 Host Marriott Pr.E Sole 240000 ING Group JR 7.05% (IND) Sole 241600 ING Group JR 7.2% (INZ) Sole 165700 Innkeepers USA Pr.C Sole 1013700 4000 Kilroy Realty Corp. Pr.E Sole 433114 4100 Kramont Realty Pr.E Sole 433800 LTC Properties Pr.F Sole 1358213 Laclede TR 7.7% (LG A) Sole 66300 Lasalle Hotel Prop Pr.A Sole 1276400 Lexington Corp. Pr.B Sole 125000 Liberty Media SR CBTCS 8.75% (XKI) Sole 255200 Liberty Media SR PPLUS 8.75% (PIS) Sole 187195 Lincoln National TR 7.65% (LNC V) Sole 63700 MBNA TR 8.1% (KRB E) Sole 230300 MBNA TR 8.125% (KRB D) Sole 342542 Maguire Properties Pr.A Sole 2018776 5500 Mid-America Apartment Pr.H Sole 1363600 Mills Corp Pr.B Sole 1213700 Mills Corp Pr.C Sole 660600 Mills Corp. Pr.E Sole 591117 Nat'l Rural Utils JR 7.4% (NRS) Sole 48300 Nationwide Health Pr.P Sole 342457 New Plan Excel Pr.D 7.8% Sole 50600 Newcastle Investment Pr. B Sole 286600 Nexen Inc. Sub Notes (NXY B) Sole 611160 Northern Rock PLC 8.00% Preferred Sole 120531 Northern States Pwr SR 8% (XCH) Sole 51200 Old Second TR 7.8% (OSBCP) Sole 90000 Omega Healthcare Pr. D Sole 1000000 PS Business Parks Pr.D Sole 805500 PS Business Parks Pr.F Sole 102100 PS Business Parks Pr.H Sole 154850 PS Business Parks Pr.I Sole 342600 PS Business Parks Pr.K Sole 360500 PSEG Funding TR 8.75% (PEG U) Sole 211200 Pacific Gas & Electric 6.57% (PCG Y) Sole 240833 Pacific Gas & Electric 7.04% (PCG U) Sole 25600 PartnerRe Capital Trust I Pr.T Sole 9600 Pennsylvania REIT Pr. A Sole 289100 Post Properties Pr.A Sole 60000 ProLogis Pr.C Sole 39388 Public Storage Pr.R Sole 8600 Puget Sound Energy TR 8.4% (PSD) Sole 134900 RAMCO-Gershenson Pr.B Sole 258200 Realty Income Pr.D Sole 44800 Reckson Assoc Pr. A Sole 52668 RenaissanceRe ADR 7.3% (RNR B) Sole 65900 RenaissanceRe ADR 8.1% (RNR A) Sole 30900 RenaissanceRe Hldngs. 6.08% (RNR C) Sole 46100 Roslyn Real Estate Variable Rate Ser. D Sole 100 Royal Bank of Scotland Pr.H Sole 69300 SL Green Realty Corp. Pr.C Sole 1196000 5200 SL Green Realty Corp. Pr.D Sole 771500 Saul Centers Preferred Series A Sole 423800 Shaw Comm TR 8.45% (SJR A) Sole 403142 Shaw Comm TR 8.5% (SJR B) Sole 728500 Simon Property Pr.F Sole 55700 Southern California Edison 7.23% Sole 82300 Southern Union Gas SR 7.55% (SUG C) Sole 1262500 Southwest Gas Capital TR 7.70% (SWX B) Sole 600400 St. Paul TR 7.6% (SPC A) Sole 139430 Taubman Centers Pr.A Sole 722800 Tel & Data SR 7.6% (TDA) Sole 199800 Torchmark Capital I Pr.T Sole 41000 US Cellular 7.50% Sole 106000 United Dominion Pr.B Sole 35300 Urstadt Biddle Prop Pr.C Sole 80000 Virginia Power Capital Trust Pr.A Sole 62061 Vodaphone/Centaur STOCK 9.08% (151327202) Sole 13908 Vornado Realty Trust Pr.C Sole 49400 Zions Bank TR 8% (ZB B) Sole 10000 iStar Fin'l Pr.D Sole 139300 iStar Financial Pr.E Sole 1034000 iStar Financial Pr.F Sole 724700 iStar Financial Pr.G Sole 568800 5300 iStar Financial Pr.I Sole 366740 REPORT SUMMARY 274 DATA RECORDS 15165373 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED -----END PRIVACY-ENHANCED MESSAGE-----