Cohen & Steers Real Estate Opportunities Fund trades at 8.9% discount with 8.54% yield and tax-friendly payouts.

Cohen & Steers Real Estate Opportunities and Income Fund (RLTY) currently trades at an 8.9% discount and offers an 8.54% yield with monthly distributions. The fund's payout is mostly a return of capital, supported by capital loss carryforwards, making it tax-efficient for taxable accounts. RLTY holds a 70/30 split between equity and preferred shares, focusing on growth-oriented REITs like WELL, DLR, and AMT. Its recent NAV outperformance and wide discount make it an attractive option among Cohen & Steers' leveraged REIT closed-end funds.