| RQI Fund | | | USD 10.99 0.02 0.18% |
Richard Norman is Fund Manager at Cohen Steers Qualityome
Mr. Richard J. Norman serves as Independent Director of Cohen Steers Quality Income Realty Fund Inc. He was Private Investor. Member, District of Columbia Department of Corrections Chaplains Corporationration from 2008 to February 2010 Member, Montgomery County, Maryland Department of Corrections Chaplains Corporationrationsince February 2010 Special Representative, Salvation Army World Service Organization since 2010 Advisory Board Member, The Salvation Army since 1985 Financial Education Fund Chair, The Foundation Board of Maryland Public Television since 2009 Former President, Executive Committee, Chair of Investment Committee, The Foundation Board of Maryland Public Television from 1997 to 2008. Prior thereto, Investment Representative of Morgan Stanley Dean Witter from 1966 to 2000. In addition to his tenure as a Director of various Cohen Steers funds, Mr. Norman has served as the Chairman of the Boards Governance Committee since 2004, acting as liaison between the Boards and the Investment Company Institute. Mr. Norman has over 34 years of investment experience. He served as the Investment Chair of Maryland Public Television for over 10 years, administering various investment opportunities. He serves on various boards of several charitable foundations, including the Salvation Army, where he coordinates and oversees numerous fundraising efforts.
| Age | 73 |
| Tenure | 23 years |
| Phone | 212 832 3232 |
| Web | https://www.cohenandsteers.com/funds/details/quality-income-realty-fund |
Cohen Steers Management Performance (%)
The company has Return on Asset of
0.88 % which means that on every $100 spent on assets, it made $0.88 of profit. This is way below average. In the same way, it shows a return on shareholders' equity
(ROE) of
(5.31) %, meaning that it generated no profit with money invested by stockholders. Cohen Steers' management efficiency ratios could be used to measure how well Cohen Steers manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 710
M in debt with debt to equity
(D/E) ratio of 0.37, which is OK given its current industry classification. Cohen Steers Qualityome has a current ratio of 1.99, which is typical for the industry and considered as normal. Debt can assist Cohen Steers until it has trouble settling it off, either with new capital or with free cash flow. So, Cohen Steers' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cohen Steers Qualityome sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cohen to invest in growth at high rates of return. When we think about Cohen Steers' use of debt, we should always consider it together with cash and equity.
Cohen Steers Quality Income Realty Fund, Inc. is a closed-ended equity mutual fund launched by Cohen Steers, Inc. Cohen Steers Quality Income Realty Fund, Inc. was formed on February 28, 2002 and is domiciled in the United States. Cohen Steers operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The fund is not categorized under any group at the present time.
Management Performance
Cohen Steers Qualityome Leadership Team
Elected by the shareholders, the Cohen Steers' board of directors comprises two types of representatives: Cohen Steers inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cohen. The board's role is to monitor Cohen Steers' management team and ensure that shareholders' interests are well served. Cohen Steers' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cohen Steers' outside directors are responsible for providing unbiased perspectives on the board's policies.
| James Giallanza, Chief Financial Officer | |
| Lisa Phelan, Chief Compliance Officer | |
| Heather Kaden, Deputy Chief Compliance Officer | |
| Daphne Richards, Independent Director | |
| Dean Junkans, Independent Director | |
| Ramona Rogerswindsor, Director | |
| C Ward, Independent Director | |
| Joseph Harvey, Vice President, Director | |
| Jane Magpiong, Independent Director | |
| Adam Derechin, President, Chief Executive Officer | |
| Matthew Stadler, Executive Vice President CFO | |
| Robert Steers, Co-Chairman of the Board | |
| William Scapell, Vice President | |
| Albert Laskaj, Treasurer | |
| Frank Ross, Independent Director | |
| Francis Poli, Secretary | |
| Stephen Murphy, Chief Compliance Officer, Vice President | |
| Thomas Bohjalian, Vice President | |
| Michael Clark, Lead Independent Director | |
| Dana DeVivo, Secretary, Chief Legal Officer | |
| Gerald Maginnis, Independent Director | |
| Yigal Jhirad, Vice President | |
| Richard Norman, Independent Director | |
| Edward Ward, Independent Director | |
| Richard Kroon, Lead Independent Director | |
| Jason Yablon, Vice President | |
| Neil Bloom, Assistant Treasurer | |
| Bonnie Cohen, Independent Director | |
| George Grossman, Independent Director | |
| Tina Payne, Assistant Secretary | |
Cohen Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Cohen Steers a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
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Please note, there is a significant difference between Cohen Steers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cohen Steers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cohen Steers' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.