0001752724-23-123562.txt : 20230530 0001752724-23-123562.hdr.sgml : 20230530 20230530072223 ACCESSION NUMBER: 0001752724-23-123562 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230530 DATE AS OF CHANGE: 20230530 PERIOD START: 20231231 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: 23971384 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 2023-12-31 2023-03-31 N 1750220257.01 5084180.35 1745136076.66 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 1667401.31000000 N LondonMetric Property PLC 213800OCERWWPQDURL87 LondonMetric Property PLC 000000000 1234542.00000000 NS 2689222.03000000 0.154098128275 Long EC GB N 2 N N N Great Portland Estates PLC 213800JMEDD2Q4N1MC42 Great Portland Estates PLC 000000000 1079725.00000000 NS 6752976.37000000 0.386959874379 Long EC GB N 1 N N N LEG Immobilien SE 391200SO40AKONBO0Z96 LEG Immobilien SE 000000000 373409.00000000 NS 20521063.67000000 1.175900489621 Long EC CORP DE N 2 N N N Castellum AB 549300GU5OHTR1T5IY68 Castellum AB 000000000 316386.00000000 NS 3680764.80000000 0.210915632839 Long EC CORP SE N 2 N N N Welltower Inc T6IZ0MBEG5ACZDTR7D06 Welltower Inc 95040Q104 1258395.00000000 NS USD 90214337.55000000 5.169472957241 Long EC US N 1 N N N LXI REIT Plc 2138008YZGXOKAXQVI45 LXI REIT Plc 000000000 4045561.00000000 NS 4924505.68000000 0.282184624217 Long EC GB N 2 N N N Jones Lang LaSalle Inc 6SYKCME112RT8TQUO411 Jones Lang LaSalle Inc 48020Q107 95083.00000000 NS USD 13833625.67000000 0.792696102900 Long EC CORP US N 1 N N N Highwoods Properties Inc ZIIGTYKL9T0X3HLTDX53 Highwoods Properties Inc 431284108 470000.00000000 NS USD 10899300.00000000 0.624553015995 Long EC US N 1 N N N Realty Income Corp 549300CUWDAUZSH43859 Realty Income Corp 756109104 1422318.00000000 NS USD 90061175.76000000 5.160696461697 Long EC US N 1 N N N Catena AB 549300EMLM7AH5LDLY65 Catena AB 000000000 300450.00000000 NS 11181701.90000000 0.640735244061 Long EC CORP SE N 2 N N N Sirius Real Estate Ltd 213800NURUF5W8QSK566 Sirius Real Estate Ltd 000000000 6997202.00000000 NS 6620547.24000000 0.379371404244 Long EC CORP GG N 1 N N N Land Securities Group PLC 213800V8IAVKS37D6B88 Land Securities Group PLC 000000000 336789.00000000 NS 2585375.61000000 0.148147508069 Long EC GB N 2 N N N UDR Inc P3CH2EG5X6Z1XWU1OO74 UDR Inc 902653104 859185.00000000 NS USD 35278136.10000000 2.021512051227 Long EC US N 1 N N N Hang Lung Properties Ltd 529900CIVTNMXQT59E61 Hang Lung Properties Ltd 000000000 4902000.00000000 NS 9172678.05000000 0.525613914735 Long EC CORP HK N 2 N N N Daiwa House REIT Investment Corp 3538001FWU534P8JMO05 Daiwa House REIT Investment Corp 000000000 5140.00000000 NS 10531893.74000000 0.603499857739 Long EC JP N 2 N N N Kenedix Office Investment Corp 353800FFT483NCIHFY42 Kenedix Office Investment Corp 000000000 2247.00000000 NS 5197582.99000000 0.297832533492 Long EC JP N 2 N N N Americold Realty Trust Inc 549300R7N1V5YV8MWH02 Americold Realty Trust Inc 03064D108 1018997.00000000 NS USD 28990464.65000000 1.661215136041 Long EC US N 1 N N N Covivio SA/France 969500P8M3W2XX376054 Covivio SA/France 000000000 98888.00000000 NS 5752332.30000000 0.329620846015 Long EC FR N 2 N N N Mitsui Fudosan Co Ltd 353800ND4ZKNZDYKMF33 Mitsui Fudosan Co Ltd 000000000 1783500.00000000 NS 33502027.34000000 1.919737250754 Long EC CORP JP N 2 N N N TAG Immobilien AG 529900TAE68USJNXLR59 TAG Immobilien AG 000000000 663659.00000000 NS 4594368.37000000 0.263267055872 Long EC CORP DE N 2 N N N British Land Co PLC/The RV5B68J2GV3QGMRPW209 British Land Co PLC/The 000000000 2775258.00000000 NS 13311985.21000000 0.762804997732 Long EC GB N 2 N N N Dexus N/A Dexus 000000000 2635103.00000000 NS 13322626.51000000 0.763414766801 Long EC AU N 2 N N N United Urban Investment Corp 353800GYZWBD7BDCN841 United Urban Investment Corp 000000000 11580.00000000 NS 12494075.09000000 0.715937012425 Long EC JP N 2 N N N Nomura Real Estate Holdings Inc N/A Nomura Real Estate Holdings Inc 000000000 150600.00000000 NS 3334827.07000000 0.191092666904 Long EC CORP JP N 2 N N N Sun Communities Inc 549300H5GEOJYN41ZG57 Sun Communities Inc 866674104 289035.00000000 NS USD 40719250.80000000 2.333299468424 Long EC US N 1 N N N Merlin Properties Socimi SA 959800L8KD863DP30X04 Merlin Properties Socimi SA 000000000 1546168.00000000 NS 13528121.53000000 0.775190067464 Long EC ES N 2 N N N Japan Hotel REIT Investment Corp 353800L8KG849FP1JI68 Japan Hotel REIT Investment Corp 000000000 18985.00000000 NS 10767400.67000000 0.616994904523 Long EC JP N 2 N N N Prologis Inc 529900DFH19P073LZ636 Prologis Inc 74340W103 1150105.00000000 NS USD 143498600.85000000 8.222774302198 Long EC US N 1 N N N Sumitomo Realty & Development Co Ltd N/A Sumitomo Realty & Development Co Ltd 000000000 647813.00000000 NS 14628556.27000000 0.838247312954 Long EC CORP JP N 2 N N N Unibail-Rodamco-Westfield N/A Unibail-Rodamco-Westfield 000000000 208667.00000000 NS 11227536.67000000 0.643361673634 Long EC XX N 2 N N N Goodman Group N/A Goodman Group 000000000 941830.00000000 NS 11951668.06000000 0.684855938734 Long EC AU N 2 N N N Advance Residence Investment Corp N/A Advance Residence Investment Corp 000000000 6680.00000000 NS 15949029.19000000 0.913913213032 Long EC JP N 2 N N N Capitaland Investment Ltd/Singapore 254900AT4UQDU7SNXX49 Capitaland Investment Ltd/Singapore 000000000 8699800.00000000 NS 24137748.07000000 1.383144179575 Long EC CORP SG N 2 N N N Safestore Holdings PLC 213800WGA3YSJC1YOH73 Safestore Holdings PLC 000000000 1842191.00000000 NS 21622973.54000000 1.239042263190 Long EC GB N 2 N N N Stockland N/A Stockland 000000000 5237775.00000000 NS 14025677.33000000 0.803701070511 Long EC AU N 2 N N N Cofinimmo SA 549300TM914CSF6KI389 Cofinimmo SA 000000000 9020.00000000 NS 799368.89000000 0.045805533487 Long EC BE N 2 N N N Parkway Life Real Estate Investment Trust 549300I4DKVD2OF5LW91 Parkway Life Real Estate Investment Trust 000000000 4896800.00000000 NS 14695705.97000000 0.842095133241 Long EC SG N 2 N N N Wharf Real Estate Investment Co Ltd 529900QLPKS8U9QOPB59 Wharf Real Estate Investment Co Ltd 000000000 3270000.00000000 NS 18826590.00000000 1.078803553017 Long EC CORP KY N 2 N N N Sun Hung Kai Properties Ltd 529900LUMD393RD3S874 Sun Hung Kai Properties Ltd 000000000 2039500.00000000 NS 28572571.66000000 1.637268981034 Long EC CORP HK N 2 N N N CapitaLand Ascendas REIT 549300ILIBAEMQZK3L20 CapitaLand Ascendas REIT 000000000 6202900.00000000 NS 13374763.08000000 0.766402302885 Long EC SG N 2 N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460D109 239537.00000000 NS USD 72373709.18000000 4.147167097623 Long EC US N 1 N N N BG LLH, LLC N/A BG LLH, LLC 000000000 68360.50000000 NS USD 6991228.34000000 0.400612217780 Long EC US Y 3 N N N Host Hotels & Resorts Inc N6EL63S0K3PB1YFTDI24 Host Hotels & Resorts Inc 44107P104 1385654.00000000 NS USD 22849434.46000000 1.309321076195 Long EC US N 1 N N N Link REIT 529900XUE70U36QX5M62 Link REIT 000000000 4363172.00000000 NS 28056203.11000000 1.607679967495 Long EC HK N 2 N N N ARGAN SA 529900FXM41XSCUSGH04 ARGAN SA 000000000 78196.00000000 NS 5844647.60000000 0.334910708578 Long EC FR N 2 N N N ICADE 969500UDH342QLTE1M42 ICADE 000000000 114203.00000000 NS 5377344.35000000 0.308133240835 Long EC FR N 2 N N N Life Storage Inc W9EE01AFDDF9DQCQZC68 Life Storage Inc 53223X107 67250.00000000 NS USD 8815802.50000000 0.505164188506 Long EC US N 1 N N N Kimco Realty Corp 549300EA7I6T15IBYS12 Kimco Realty Corp 49446R109 1439207.00000000 NS USD 28107712.71000000 1.610631576867 Long EC US N 1 N N N Charter Hall Group N/A Charter Hall Group 000000000 3022478.00000000 NS 22452774.53000000 1.286591620578 Long EC AU N 2 N N N Japan Metropolitan Fund Invest 353800QDHNIP60E1LQ93 Japan Metropolitan Fund Invest 000000000 24953.00000000 NS 18221986.31000000 1.044158478740 Long EC JP N 2 N N N Aedifica SA 529900DTKNXL0AXQFN28 Aedifica SA 000000000 73028.00000000 NS 5883430.22000000 0.337133034992 Long EC BE N 2 N N N Frasers Logistics & Commercial Trust N/A Frasers Logistics & Commercial Trust 000000000 10904000.00000000 NS 10762456.12000000 0.616711571317 Long EC SG N 2 N N N Essex Property Trust Inc 549300TR2H2VEFX0NC60 Essex Property Trust Inc 297178105 44157.00000000 NS USD 9234994.98000000 0.529184807048 Long EC US N 1 N N N Nippon Prologis REIT Inc 353800PHBMSDLAFURY41 Nippon Prologis REIT Inc 000000000 6329.00000000 NS 13398781.45000000 0.767778606447 Long EC JP N 2 N N N Spirit Realty Capital Inc 549300LTU6LVPZSHMJ25 Spirit Realty Capital Inc 84860W300 509237.00000000 NS USD 20288002.08000000 1.162545566007 Long EC US N 1 N N N Camden Property Trust 5493002MYX22OHYJBD89 Camden Property Trust 133131102 326918.00000000 NS USD 34274083.12000000 1.963977685086 Long EC US N 1 N N N Mitsui Fudosan Logistics Park Inc 353800DN63EIYS760S59 Mitsui Fudosan Logistics Park Inc 000000000 381.00000000 NS 1336776.14000000 0.076600109176 Long EC JP N 2 N N N Mitsubishi Estate Co Ltd 353800KOFMRGOXSJ5Z65 Mitsubishi Estate Co Ltd 000000000 969500.00000000 NS 11531877.04000000 0.660801022581 Long EC CORP JP N 2 N N N Boyd Gaming Corp 254900787YGRYS2A1Z35 Boyd Gaming Corp 103304101 175038.00000000 NS USD 11223436.56000000 0.643126728631 Long EC CORP US N 1 N N N Tritax Big Box REIT PLC 213800L6X88MIYPVR714 Tritax Big Box REIT PLC 000000000 2221260.00000000 NS 3843622.99000000 0.220247752677 Long EC GB N 2 N N N UNITE Group PLC/The 213800BBUUWVDH9YI827 UNITE Group PLC/The 000000000 251426.00000000 NS 2978703.78000000 0.170686046769 Long EC GB N 2 N N N Simon Property Group Inc 529900GQL5X8H7AO3T64 Simon Property Group Inc 828806109 627112.00000000 NS USD 70217730.64000000 4.023624952753 Long EC US N 1 N N N Klepierre SA 969500PB4U31KEFHZ621 Klepierre SA 000000000 1129142.00000000 NS 25600102.80000000 1.466940208410 Long EC FR N 2 N N N State Street Institutional Treasury Money Market Fund 549300Q3FHSMZ70NLT76 State Street Institutional Treasury Money Market Fund 857492870 21067885.58000000 NS USD 21067885.58000000 1.207234545303 Long STIV RF US N 2 N N N RioCan Real Estate Investment Trust 549300S8HVUSEU3JBY60 RioCan Real Estate Investment Trust 766910103 1116356.00000000 NS 16842396.48000000 0.965105054285 Long EC CA N 1 N N N Ingenia Communities Group N/A Ingenia Communities Group 000000000 3398364.00000000 NS 8639725.05000000 0.495074577022 Long EC AU N 2 N N N Apartment Income REIT Corp N/A Apartment Income REIT Corp 03750L109 452440.00000000 NS USD 16201876.40000000 0.928401894653 Long EC US N 1 N N N Mid-America Apartment Communities Inc 549300FQZKFR5YNSHZ21 Mid-America Apartment Communities Inc 59522J103 321705.00000000 NS USD 48590323.20000000 2.784328617685 Long EC US N 1 N N N Sands China Ltd 549300EVO6UZDGY05787 Sands China Ltd 000000000 4031600.00000000 NS 14005731.36000000 0.802558124109 Long EC CORP KY N 2 N N N Digital Realty Trust Inc 549300HKCZ31D08NEI41 Digital Realty Trust Inc 253868103 866255.00000000 NS USD 85161529.05000000 4.879936309206 Long EC US N 1 N N N Eurocommercial Properties NV 724500SFK53FPNM68L95 Eurocommercial Properties NV 000000000 209779.00000000 NS 4780737.51000000 0.273946403030 Long EC NL N 2 N N N Invincible Investment Corp 353800JY6M2692VAV685 Invincible Investment Corp 000000000 36566.00000000 NS 15390762.56000000 0.881923350610 Long EC JP N 2 N N N Warehouses De Pauw CVA 549300HWDYC5JXC85138 Warehouses De Pauw CVA 000000000 249121.00000000 NS 7407891.28000000 0.424487888312 Long EC BE N 2 N N N Segro PLC 213800XC35KGM9NFC641 Segro PLC 000000000 874825.00000000 NS 8333398.91000000 0.477521439242 Long EC GB N 2 N N N CK Asset Holdings Ltd 5299006GJZSGP78B8S35 CK Asset Holdings Ltd 000000000 2579000.00000000 NS 15635622.24000000 0.895954329815 Long EC CORP KY N 2 N N N Pandox AB 549300K4HA8EBLSL3B97 Pandox AB 000000000 425427.00000000 NS 5307880.85000000 0.304152834898 Long EC CORP SE N 2 N N N Mercialys SA 969500081CGAXB7YS433 Mercialys SA 000000000 468751.00000000 NS 4789129.21000000 0.274427265246 Long EC FR N 2 N N N Healthcare Realty Trust Inc 549300L0I14L7I0VLX84 Healthcare Realty Trust Inc 42226K105 1703316.00000000 NS USD 32925098.28000000 1.886677991495 Long EC US N 1 N N N Equinix Inc 549300EVUN2BTLJ3GT74 Equinix Inc 29444U700 74669.00000000 NS USD 53839335.76000000 3.085108174661 Long EC US N 1 N N N Cousins Properties Inc 5493007XPYD5EJABN062 Cousins Properties Inc 222795502 673519.00000000 NS USD 14399836.22000000 0.825141168794 Long EC US N 1 N N N Invitation Homes Inc N/A Invitation Homes Inc 46187W107 2593543.00000000 NS USD 80996347.89000000 4.641262591110 Long EC US N 1 N N N Urban Logistics REIT PLC 213800P6ODJW2UFNDC37 Urban Logistics REIT PLC 000000000 4487538.00000000 NS 7085854.37000000 0.406034490076 Long EC GB N 1 N N N 2023-05-01 COHEN & STEERS GLOBAL REALTY SHARES, INC Albert Laskaj Albert Laskaj Treasurer and Chief Financial Officer XXXX NPORT-EX 2 NPORT_4X22_44892322_0323.htm CSS N-PORT

COHEN & STEERS GLOBAL REALTY SHARES, INC.

SCHEDULE OF INVESTMENTS

March 31, 2023 (Unaudited)

 

                                                                       
                          Shares      Value  

COMMON STOCK

     98.7     

AUSTRALIA

     4.0     

REAL ESTATE

       

DIVERSIFIED

     1.8     

Charter Hall Group

       3,022,478      $ 22,452,775  

Ingenia Communities Group

       3,398,364        8,639,725  
       

 

 

 
          31,092,500  
       

 

 

 

INDUSTRIALS

     0.7     

Goodman Group

       941,830        11,951,668  
       

 

 

 

OFFICE

     0.7     

Dexus

       2,635,103        13,322,627  
       

 

 

 

RESIDENTIAL

     0.8     

Stockland

       5,237,775        14,025,677  
       

 

 

 

TOTAL AUSTRALIA

          70,392,472  
       

 

 

 

BELGIUM

     0.8     

REAL ESTATE

       

DIVERSIFIED

     0.4     

Warehouses De Pauw CVA

       239,305        7,116,001  
       

 

 

 

HEALTH CARE

     0.1     

Cofinimmo SA

       23,857        2,114,251  
       

 

 

 

RESIDENTIAL

     0.3     

Aedifica SA

       66,728        5,375,877  
       

 

 

 

TOTAL BELGIUM

          14,606,129  
       

 

 

 

CANADA

     1.0     

REAL ESTATE—RETAIL

       

RioCan Real Estate Investment Trust

       1,116,356        16,842,396  
       

 

 

 

FRANCE

     3.3     

REAL ESTATE

       

DIVERSIFIED

     0.6     

Covivio SA

       98,888        5,752,332  

ICADE

       111,822        5,265,233  
       

 

 

 
          11,017,565  
       

 

 

 

INDUSTRIALS

     0.3     

ARGAN SA

       72,110        5,389,758  
       

 

 

 

RETAIL

     2.4     

Klepierre SA

       1,129,142        25,600,103  

Mercialys SA

       464,696        4,747,700  

Unibail-Rodamco-Westfield(a)

       208,667        11,227,537  
       

 

 

 
          41,575,340  
       

 

 

 

TOTAL FRANCE

          57,982,663  
       

 

 

 

 

1

 

 


                                                                       
                          Shares      Value  

GERMANY

     1.8     

REAL ESTATE

       

INDUSTRIALS

     0.4     

Sirius Real Estate Ltd. (GBP)

       6,997,202      $ 6,620,547  
       

 

 

 

REAL ESTATE MANAGEMENT & DEVELOPMENT

     0.2     

TAG Immobilien AG

       676,655        4,684,337  
       

 

 

 

RESIDENTIAL

     1.2     

LEG Immobilien SE

       373,409        20,521,064  
       

 

 

 

TOTAL GERMANY

          31,825,948  
       

 

 

 

HONG KONG

     5.8     

REAL ESTATE

       

DIVERSIFIED

     4.2     

CK Asset Holdings Ltd.

       2,579,000        15,635,622  

Hang Lung Properties Ltd.

       4,902,000        9,172,678  

Sun Hung Kai Properties Ltd.

       2,039,500        28,572,572  

Wharf Real Estate Investment Co., Ltd.

       3,270,000        18,826,590  
       

 

 

 
          72,207,462  
       

 

 

 

RETAIL

     1.6     

Link REIT

       4,363,172        28,056,203  
       

 

 

 

TOTAL HONG KONG

          100,263,665  
       

 

 

 

JAPAN

     9.6     

REAL ESTATE

       

DIVERSIFIED

     5.3     

Japan Metropolitan Fund Invest

       24,953        18,221,986  

Mitsubishi Estate Co., Ltd.

       969,500        11,531,877  

Mitsui Fudosan Co., Ltd.

       1,723,300        32,371,205  

Nomura Real Estate Holdings, Inc.

       174,100        3,855,202  

Sumitomo Realty & Development Co., Ltd.

       645,213        14,569,844  

United Urban Investment Corp.

       11,963        12,907,307  
       

 

 

 
          93,457,421  
       

 

 

 

 

2

 

 


                                                                       
                          Shares      Value  

HOTEL

     1.6     

Invincible Investment Corp.

       38,434      $ 16,177,011  

Japan Hotel REIT Investment Corp.

       19,498        11,058,350  
       

 

 

 
          27,235,361  
       

 

 

 

INDUSTRIALS

     1.5     

Daiwa House REIT Investment Corp.

       5,140        10,531,894  

Mitsui Fudosan Logistics Park, Inc.

       435        1,526,241  

Nippon Prologis REIT, Inc.

       6,329        13,398,781  
       

 

 

 
          25,456,916  
       

 

 

 

OFFICE

     0.3     

Kenedix Office Investment Corp.

       2,188        5,061,109  
       

 

 

 

RESIDENTIAL

     0.9     

Advance Residence Investment Corp.

       6,731        16,070,796  
       

 

 

 

TOTAL JAPAN

          167,281,603  
       

 

 

 

MACAU

     0.8     

REAL ESTATE—HOTELS, RESTAURANTS & LEISURE

       

Sands China Ltd., (H shares)(a)

       4,031,600        14,005,731  
       

 

 

 

NETHERLANDS

     0.3     

REAL ESTATE—RETAIL

       

Eurocommercial Properties NV

       209,779        4,780,738  
       

 

 

 

SINGAPORE

     3.6     

REAL ESTATE

       

DIVERSIFIED

     1.4     

Capitaland Investment Ltd.

       8,699,800        24,137,748  
       

 

 

 

HEALTH CARE

     0.8     

Parkway Life Real Estate Investment Trust

       4,896,800        14,695,706  
       

 

 

 

INDUSTRIALS

     1.4     

CapitaLand Ascendas REIT

       6,202,900        13,374,763  

Frasers Logistics & Commercial Trust

       10,904,000        10,762,456  
       

 

 

 
          24,137,219  
       

 

 

 

TOTAL SINGAPORE

          62,970,673  
       

 

 

 

SPAIN

     0.8     

REAL ESTATE—DIVERSIFIED

       

Merlin Properties Socimi SA

       1,546,168        13,528,122  
       

 

 

 

 

3

 

 


                                                              
                          Shares      Value  

SWEDEN

     1.1     

REAL ESTATE

       

INDUSTRIALS

     0.6     

Catena AB

       300,450      $ 11,181,702  
       

 

 

 

REAL ESTATE MANAGEMENT & DEVELOPMENT

     0.5     

Castellum AB

       323,902        3,768,204  

Pandox AB, Class B(a)

       389,051        4,854,032  
       

 

 

 
          8,622,236  
       

 

 

 

TOTAL SWEDEN

          19,803,938  
       

 

 

 

UNITED KINGDOM

     4.3     

REAL ESTATE

       

DIVERSIFIED

     0.9     

British Land Co., PLC/The

       2,775,258        13,311,985  

Land Securities Group PLC

       383,870        2,946,795  
       

 

 

 
          16,258,780  
       

 

 

 

INDUSTRIALS

     1.3     

LondonMetric Property PLC

       1,234,542        2,689,222  

Segro PLC

       874,825        8,333,399  

Tritax Big Box REIT PLC

       2,221,260        3,843,623  

Urban Logistics REIT PLC

       4,487,538        7,085,854  
       

 

 

 
          21,952,098  
       

 

 

 

NET LEASE

     0.3     

LXI REIT PLC

       4,045,561        4,924,506  
       

 

 

 

OFFICE

     0.4     

Great Portland Estates PLC

       1,079,725        6,752,976  
       

 

 

 

RESIDENTIAL

     0.2     

UNITE Group PLC/The

       251,426        2,978,704  
       

 

 

 

SELF STORAGE

     1.2     

Safestore Holdings PLC

       1,842,191        21,622,974  
       

 

 

 

TOTAL UNITED KINGDOM

          74,490,038  
       

 

 

 

UNITED STATES

     61.5     

CONSUMER, CYCLICAL—HOTELS, RESTAURANTS & LEISURE

     0.6     

Boyd Gaming Corp.

       175,038        11,223,437  
       

 

 

 

 

4

 

 


                                                              
                          Shares      Value  

REAL ESTATE

     60.9     

DATA CENTERS

     8.2     

Digital Realty Trust, Inc.

       880,203      $ 86,532,757  

Equinix, Inc.

       77,964        56,215,162  
       

 

 

 
          142,747,919  
       

 

 

 

HEALTH CARE

     7.0     

Healthcare Realty Trust, Inc., Class A

       1,703,316        32,925,098  

Welltower, Inc.

       1,258,395        90,214,338  
       

 

 

 
          123,139,436  
       

 

 

 

HOTEL

     1.3     

Host Hotels & Resorts, Inc.

       1,385,654        22,849,434  
       

 

 

 

INDUSTRIALS

     10.3     

Americold Realty Trust, Inc.

       1,018,997        28,990,465  

BG LLH, LLC (Lineage Logistics)(b),(c)

       68,361        6,991,228  

Prologis, Inc.

       1,150,105        143,498,601  
       

 

 

 
          179,480,294  
       

 

 

 

NET LEASE

     6.3     

Realty Income Corp.

       1,422,318        90,061,176  

Spirit Realty Capital, Inc.

       509,237        20,288,002  
       

 

 

 
          110,349,178  
       

 

 

 

OFFICE

     1.5     

Cousins Properties, Inc.

       673,519        14,399,836  

Highwoods Properties, Inc.

       470,000        10,899,300  
       

 

 

 
          25,299,136  
       

 

 

 

REAL ESTATE SERVICES

     0.8     

Jones Lang LaSalle, Inc.(a)

       95,083        13,833,626  
       

 

 

 

RESIDENTIAL

     15.2     

APARTMENT

     8.2     

Apartment Income REIT Corp.

       452,440        16,201,876  

Camden Property Trust

       326,918        34,274,083  

Essex Property Trust, Inc.

       44,157        9,234,995  

Mid-America Apartment Communities, Inc.

       321,705        48,590,323  

UDR, Inc.

       859,185        35,278,136  
       

 

 

 
          143,579,413  
       

 

 

 

MANUFACTURED HOME

     2.3     

Sun Communities, Inc.

       289,035        40,719,251  
       

 

 

 

 

5

 

 


                                                                       
                          Shares      Value  

SINGLE FAMILY

     4.7     

Invitation Homes, Inc.

       2,593,543      $ 80,996,348  
       

 

 

 

TOTAL RESIDENTIAL

          265,295,012  
       

 

 

 

SELF STORAGE

     4.1     

Public Storage

       239,537        72,373,709  
       

 

 

 

SHOPPING CENTERS

     5.7     

COMMUNITY CENTER

     1.6     

Kimco Realty Corp.

       1,439,207        28,107,713  
       

 

 

 

REGIONAL MALL

     4.1     

Simon Property Group, Inc.

       642,739        71,967,486  
       

 

 

 

TOTAL SHOPPING CENTERS

          100,075,199  
       

 

 

 

SPECIALIZED REITS

     0.5     

Life Storage, Inc.

       67,250        8,815,803  
       

 

 

 

TOTAL REAL ESTATE

          1,064,258,746  
       

 

 

 

TOTAL UNITED STATES

          1,075,482,183  
       

 

 

 

TOTAL COMMON STOCK
(Identified cost—$1,685,052,214)

          1,724,256,299  
       

 

 

 

SHORT-TERM INVESTMENTS

     1.2     

MONEY MARKET FUNDS

       

State Street Institutional Treasury Money Market Fund,
Premier Class, 4.53%(d)

       21,067,885        21,067,885  
       

 

 

 

TOTAL SHORT-TERM INVESTMENTS
(Identified cost—$21,067,885)

          21,067,885  
       

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(Identified cost—$1,706,120,099)

     99.9        1,745,324,184  

OTHER ASSETS IN EXCESS OF LIABILITIES

     0.1          2,412,548  
  

 

 

      

 

 

 

NET ASSETS

     100.0      $ 1,747,736,732  
  

 

 

      

 

 

 

 

6

 

 


Glossary of Portfolio Abbreviations

 

GBP    Great British Pound
REIT    Real Estate Investment Trust

 

 

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

(a)

Non-income producing security.

(b)

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

(c)

Restricted security. Aggregate holdings equal 0.4% 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).

(d)

Rate quoted represents the annualized seven-day yield.

 

 

7

 

 


                    

Sector Summary

   % of
Net
Assets
 

Residential

     18.6  

Industrials

     16.4  

Diversified

     15.4  

Data Centers

     8.2  

Health Care

     7.9  

Net Lease

     6.6  

Shopping Centers

     5.7  

Self Storage

     5.3  

Retail

     5.3  

Office

     2.9  

Hotel

     2.9  

Hotels, Restaurants & Leisure

     1.4  

Real Estate Services

     0.8  

Real Estate Management & Development

     0.8  

Specialized REITs

     0.5  

Other

     1.3  
  

 

 

 
     100.0  
  

 

 

 

 

8

 

 


COHEN & STEERS GLOBAL REALTY SHARES, INC.

NOTES TO FINANCIAL STATEMENTS (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 Board of Directors has designated the investment advisor as the Fund’s “Valuation Designee” under Rule 2a-5 under the 1940 Act. As Valuation Designee, the investment advisor is authorized to make fair valuation determinations, 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.

 

 

 


COHEN & STEERS GLOBAL REALTY SHARES, INC.

NOTES TO FINANCIAL STATEMENTS—(Unaudited) (Continued)

 

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 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, 2023 in valuing the Fund’s investments carried at value:

 

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

Common Stock:

           

Australia

   $      $ 70,392,472      $      $ 70,392,472  

Belgium

            14,606,129               14,606,129  

Canada

     16,842,396                      16,842,396  

France

            57,982,663               57,982,663  

Germany

     6,620,547        25,205,401               31,825,948  

 

 

 


COHEN & STEERS GLOBAL REALTY SHARES, INC.

NOTES TO FINANCIAL STATEMENTS—(Unaudited) (Continued)

 

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

Hong Kong

   $      $ 100,263,665      $     $ 100,263,665  

Japan

            167,281,603              167,281,603  

Macau

            14,005,731              14,005,731  

Netherlands

            4,780,738              4,780,738  

Singapore

            62,970,673              62,970,673  

Spain

            13,528,122              13,528,122  

Sweden

            19,803,938              19,803,938  

United Kingdom

     13,838,830        60,651,208              74,490,038  

United States

     1,068,490,955               6,991,228 (a)      1,075,482,183  

Short-Term Investments

            21,067,885              21,067,885  
  

 

 

    

 

 

    

 

 

   

 

 

 

Total Investments in Securities(b)

   $ 1,105,792,728      $ 632,540,228      $ 6,991,228     $ 1,745,324,184  
  

 

 

    

 

 

    

 

 

   

 

 

 

 

(a)

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.

(b)

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, 2022

   $ 6,442,977  

Purchases

      

Change in unrealized appreciation (depreciation)

     548,251  
  

 

 

 

Balance as of March 31, 2023

   $ 6,991,228  
  

 

 

 

The change in unrealized appreciation (depreciation) attributable to securities owned on March 31, 2023 which were valued using significant unobservable inputs (Level 3) amounted to $548,251.

 

 

 


COHEN & STEERS GLOBAL REALTY SHARES, INC.

NOTES TO FINANCIAL STATEMENTS (Unaudited)

 

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,
2023
     Valuation
Technique
   Unobservable
Inputs
   Amount    Valuation Impact
from an Increase

in  Input(a)

Common Stock—
United States—
Real Estate—
Industrials

   $ 6,991,228      Market
Comparable
Companies
   Enterprise Value/
EBITDA(b)
Multiple 
   22.5x    Increase

 

(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 year 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.