UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2009
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Cohen & Steers Capital Management Inc.
Address: 280 Park Avenue
10th Floor
New York, NY 10017
Form 13F File Number: 28-2405
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Lisa Phelan
Title: Senior Vice President and Chief Compliance Officer
Phone: (212) 832-3232
Signature, Place, and Dating of Signing:
/s/ Lisa Phelan New York, NY May 14, 2009
----------------- --------------- ------------------
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[X] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
028-01190 FRANK RUSSELL COMPANY
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 318
Form 13F Information Table Value Total: 6,364,185 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
No. Form 13F File Number Name
01 Cohen & Steers Europe SA
FORM 13F INFORMATION TABLE
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
---------------------------- -------- ------- --------------- ------- -------- --------------------------
TITLE
OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
---------------------------- -------- ------- --------- -------- ------- -------- ------ ------- -------
Abbott Laboratories COM 002824100 30,163 632,358 SH Sole 632,358 -
Acadia Realty Trust BOND 004239AB5 773 1,055,000 SH Sole 1,055,000 -
Acadia Realty Trust COM 004239109 20,989 1,978,273 SH Sole 1,910,460 67,813
ACE Ltd Common COM H0023R105 11,878 294,000 SH Sole 294,000 -
ACM Income Fund CEF COM 01881E101 7,038 985,800 SH Sole 985,800 -
Advent Claymore Conv COM 00764C109 4,161 419,418 SH Sole 419,418 -
Advent Claymore Glob COM 007639107 1,096 222,318 SH Sole 222,318 -
Aflac Inc COM 001055102 1 49 SH Sole 49 -
Alcoa Inc Common COM 013817101 2,128 289,858 SH Sole 289,858 -
Alexandria Real Esta COM 015271109 1,425 39,145 SH Sole 39,145 -
Allegheny Energy, In COM 017361106 8,705 375,672 SH Sole 375,672 -
Alliance National Mu COM 01864U106 398 35,100 SH Sole 35,100 -
Allstate Corp/The Co COM 020002101 4,453 232,525 SH Sole 232,525 -
Alpine Global Premie COM 02083A103 1,212 412,253 SH Sole 412,253 -
Alpine Total Dynamic COM 021060108 2,551 444,500 SH Sole 444,500 -
Altria Group Inc Com COM 02209S103 21,702 1,354,708 SH Sole 1,354,708 -
AMB Property Corp Co COM 00163T109 183,977 12,776,141 SH Sole 11,766,122 1,010,019
American Campus Comm COM 024835100 67,161 3,868,726 SH Sole 3,570,811 297,915
American Electric Po COM 025537101 10,223 404,700 SH Sole 404,700 -
American Tower Corpoon COM 029912201 3,109 102,173 SH Sole 102,173 -
Annaly Capital Manag COM 035710409 72 5,222 SH Sole 5,222 -
Apache Corp Common COM 037411105 7,979 124,500 SH Sole 124,500 -
Apartment Invt & Mgm COM 03748R101 53,691 9,797,754 SH Sole 9,016,758 780,996
Archer Daniels Midla COM 039483102 5,717 205,779 SH Sole 205,779 -
AT&T Common COM 00206R102 30,103 1,194,582 SH Sole 1,194,582 -
Automatic Data Proce COM 053015103 3,621 103,000 SH Sole 103,000 -
AvalonBay Communitie COM 053484101 103,070 2,190,205 SH Sole 2,013,609 176,596
Bank of America Corp COM 060505104 379 55,600 SH Sole 55,600 -
Bank Of New York Mel COM 064058100 15,475 547,800 SH Sole 547,800 -
Barclays Bank 7.10% PFD 06739H776 12 1,000 SH Sole - 1,000
Barclays Bank 8.125% PFD 06739H362 13,175 989,050 SH Sole 988,550 500
Barclays Bank Plc 7 PFD 06739H511 506 40,700 SH Sole 39,700 1,000
Becton Dickinson &am COM 075887109 24,516 364,600 SH Sole 364,600 -
BioMed Realty Trust COM 09063H107 38,983 5,758,283 SH Sole 5,458,865 299,418
Blackrock Corp HY Fu COM 09255P107 2,233 343,100 SH Sole 343,100 -
Blackrock Corporate COM 09255L106 955 234,100 SH Sole 234,100 -
Blackrock Corporate COM 09255N102 1,027 158,400 SH Sole 158,400 -
Blackrock Corporate COM 09255M104 905 231,900 SH Sole 231,900 -
BlackRock Debt Strat COM 09255R103 941 470,500 SH Sole 470,500 -
Blackrock Floating r COM 09255Y108 432 53,900 SH Sole 53,900 -
Blackrock Global Enr COM 09250U101 3,065 200,300 SH Sole 200,300 -
Blackrock Health Sci COM 09250W107 3,763 200,900 SH Sole 200,900 -
Blackrock Inc. COM COM 09247X101 16,164 124,300 SH Sole 124,300 -
Blackrock Ltd Durati COM 09249W101 5,395 439,698 SH Sole 439,698 -
Blackrock Pfd & Eq A COM 092508100 492 77,718 SH Sole 77,718 -
Blackrock Preferred COM 09249V103 170 30,400 SH Sole 30,400 -
Blackrock Real Asset COM 09254B109 3,203 453,700 SH Sole 453,700 -
Boeing Co Common COM 097023105 9,780 274,868 SH Sole 274,868 -
Boston Properties InCV BOND 10112RAK0 2,351 3,000,000 SH Sole 3,000,000 -
Boston Properties In COM 101121101 239,811 6,845,859 SH Sole 6,288,111 557,748
Brandywine Realty Tr COM 105368203 293 102,685 SH Sole 102,685 -
BRE Properties Inc C COM 05564E106 18,633 949,204 SH Sole 922,138 27,066
Brookfield Propertie COM 112900105 48,119 8,383,038 SH Sole 7,665,253 717,785
Calamos Convertible COM 12811P108 3,315 406,844 SH Sole 406,844 -
Calamos Convertible COM 128117108 917 106,200 SH Sole 106,200 -
Calamos Strat Tot Re COM 128125101 6,295 1,106,300 SH Sole 1,106,300 -
Camden Property Trus COM 133131102 24,974 1,157,242 SH Sole 1,065,873 91,369
Cemig SA-Spons ADR C COM 204409601 266 18,000 SH Sole 18,000 -
CenterPoint Energy, COM 15189T107 5,709 547,346 SH Sole 547,346 -
Central Fund Canada COM 153501101 1,240 104,000 SH Sole 104,000 -
Chevron Corp Common COM 166764100 28,658 426,200 SH Sole 426,200 -
China Mobile Ltd ADR COM 16941M109 2,985 68,600 SH Sole 68,600 -
Cleco Corp Common COM 12561W105 6,025 277,776 SH Sole 277,776 -
Clough Global Alloca COM 18913Y103 245 22,900 SH Sole 22,900 -
Clough Global Equity COM 18914C100 2,203 225,500 SH Sole 225,500 -
Clough Global Opport COM 18914E106 8,614 936,285 SH Sole 936,285 -
CMS Energy Corp Comm COM 125896100 13,817 1,167,000 SH Sole 1,167,000 -
CNOOC Ltd ADR COM 126132109 538 5,350 SH Sole 5,350 -
Colgate-Palmolive Co COM 194162103 9,460 160,400 SH Sole 160,400 -
Colonial Properties COM 195872106 8,758 2,298,765 SH Sole 2,140,980 157,785
Consolidated Edison COM 209115104 8,615 217,500 SH Sole 217,500 -
Corning Inc Common COM 219350105 14,095 1,062,200 SH Sole 1,062,200 -
Corporate Office Pro COM 22002T108 7,160 288,382 SH Sole 238,121 50,261
Corrections Corp of COM 22025Y407 516 40,300 SH Sole - 40,300
Costco Wholesale Cor COM 22160K105 4,595 99,200 SH Sole 99,200 -
Covidien LTD Common COM G2552X108 6,545 196,900 SH Sole 196,900 -
Crown Castle Intl Co COM 228227104 1,429 70,000 SH Sole 70,000 -
DCP Midstream Partne COM 23311P100 1,750 124,471 SH Sole 124,471 -
DCT Industrial Trust COM 233153105 12,745 4,020,457 SH Sole 3,694,615 325,842
Developers Diversifi COM 251591103 59 27,855 SH Sole 27,855 -
Devon Energy Corp Co COM 25179M103 18,241 408,173 SH Sole 408,173 -
Diageo PLC ADR COM 25243Q205 2,815 62,900 SH Sole 62,900 -
Digital Realty Trust COM 253868103 133,253 4,016,062 SH Sole 3,600,705 415,357
Disney Co Common COM 254687106 11,225 618,100 SH Sole 618,100 -
Dominion Resources I COM 25746U109 17,869 576,600 SH Sole 576,600 -
Douglas Emmett Commo COM 25960P109 32,652 4,418,527 SH Sole 4,103,963 314,564
Dow 30 Enhanced Prei COM 260537105 852 107,772 SH Sole 107,772 -
Dow Chemical Co/The COM 260543103 1,767 209,600 SH Sole 209,600 -
DPL Inc Common COM 233293109 12,151 539,100 SH Sole 539,100 -
Duff & Phelps Utilit COM 26432K108 862 76,100 SH Sole 76,100 -
Duke Energy Corp Com COM 26441C105 72,404 5,056,168 SH Sole 5,056,168 -
Duncan Energy Partne COM 265026104 1,048 70,000 SH Sole 70,000 -
DuPont Fabros Techno COM 26613Q106 1,770 257,200 SH Sole 257,200 -
DWS Glbl Commodities COM 23338Y100 1,019 178,437 SH Sole 178,437 -
DWS RREEF Real Estat COM 233384106 479 313,247 SH Sole 313,247 -
DWS RREEF Real Estat COM 23338X102 215 500,800 SH Sole 500,800 -
EastGroup Properties COM 277276101 50,369 1,794,417 SH Sole 1,688,786 105,631
Eaton Vance Enh Eqt COM 278277108 4,862 497,158 SH Sole 497,158 -
Eaton Vance Enhanced COM 278274105 1,711 166,726 SH Sole 166,726 -
Eaton Vance Float Ra COM 278279104 211 25,500 SH Sole 25,500 -
Eaton Vance Ltd Dura COM 27828H105 6,558 623,983 SH Sole 623,983 -
Eaton Vance Senior F COM 27828Q105 852 102,000 SH Sole 102,000 -
Eaton Vance Short Du COM 27828V104 1,448 116,000 SH Sole 116,000 -
Eaton Vance T/M Buy- COM 27828X100 2,496 219,493 SH Sole 219,493 -
Eaton Vance T/M Buy- COM 27828Y108 7,552 715,906 SH Sole 715,906 -
Eaton Vance TA Gl Di COM 27828S101 3,561 444,600 SH Sole 444,600 -
Eaton Vance TA GL Di COM 27828U106 1,151 103,500 SH Sole 103,500 -
Eaton Vance Tax Man COM 27829C105 9,787 1,040,065 SH Sole 1,040,065 -
Eaton Vance Tax Man COM 27829F108 12,897 1,499,626 SH Sole 1,499,626 -
Eaton Vance Tax-Adv COM 27828G107 4,718 528,900 SH Sole 528,900 -
Eaton Vance Tax-Mgd COM 27828N102 15,668 1,605,305 SH Sole 1,605,305 -
Education Realty Tru COM 28140H104 12,107 3,468,950 SH Sole 3,293,377 175,573
El Paso Corp Common COM 28336L109 123 19,700 SH Sole 19,700 -
Enbridge Energy Comm COM 29250R106 3,960 132,318 SH Sole 132,318 -
Energy Income And Gr COM 292697109 1,271 69,700 SH Sole 69,700 -
Energy Transfer Equi COM 29273V100 2,863 135,500 SH Sole 135,500 -
Energy Transfer Part COM 29273R109 9,029 244,765 SH Sole 244,765 -
Entergy Corp Common COM 29364G103 38,209 561,154 SH Sole 561,154 -
Enterprise GP Holdin PRTNRS 293716106 2,828 125,000 SH Sole 125,000 -
Enterprise Products COM 293792107 12,113 544,400 SH Sole 544,400 -
EQT Corp Common COM 26884L109 5,887 187,917 SH Sole 187,917 -
Equity Lifestyle Pro COM 29472R108 87,499 2,296,578 SH Sole 2,011,042 285,536
Equity Residential C COM 29476L107 175,457 9,561,695 SH Sole 8,706,701 854,994
Essex Property Trust COM 297178105 46,897 817,882 SH Sole 756,006 61,876
Evergreen Global Div COM 30024H101 7,584 941,000 SH Sole 941,000 -
Evergreen Income Adv COM 30023Y105 1,309 210,400 SH Sole 210,400 -
Evergreen Managed In COM 30024Y104 1,787 172,800 SH Sole 172,800 -
Evergreen Util & Hig COM 30034Q109 1,876 199,108 SH Sole 199,108 -
Exelon Corp Common COM 30161N101 71,699 1,579,599 SH Sole 1,579,599 -
Exterran Partners LP COM 30225N105 300 25,178 SH Sole 25,178 -
Extra Space Storage COM 30225T102 16,818 3,052,149 SH Sole 2,998,812 53,337
Exxon Mobil Corp Com COM 30231G102 32,221 473,147 SH Sole 473,147 -
F&C / Claymore Pfd S COM 338478100 1,879 293,600 SH Sole 293,600 -
F&C / Claymore Total COM 338479108 961 143,400 SH Sole 143,400 -
Federal Realty Invs COM 313747206 179,755 3,907,716 SH Sole 3,555,564 352,152
Fiduciary/Claymore M COM 31647Q106 665 49,661 SH Sole 49,661 -
First Trust Aberdeen COM 33731K102 401 37,500 SH Sole 37,500 -
First Trust Aberdeen COM 337319107 831 79,600 SH Sole 79,600 -
First Trust/Four Crn COM 33733U108 532 66,104 SH Sole 66,104 -
FirstEnergy Corp Com COM 337932107 28,312 733,454 SH Sole 733,454 -
FPL Group Inc Common COM 302571104 73,265 1,444,215 SH Sole 1,444,215 -
Franklin Resources I COM 354613101 4,455 82,700 SH Sole 82,700 -
Franklin Templeton L COM 35472T101 1,524 170,900 SH Sole 170,900 -
Gabelli Dividend & I COM 36242H104 5,935 710,794 SH Sole 710,794 -
Gabelli Global Deal COM 36245G103 1,145 92,400 SH Sole 92,400 -
General American Inv COM 368802104 1,922 125,200 SH Sole 125,200 -
General Dynamics Cor COM 369550108 18,604 447,319 SH Sole 447,319 -
General Electric Co COM 369604103 10,801 1,068,385 SH Sole 1,068,385 -
Goldman Sach Group, COM 38141G104 12,227 115,330 SH Sole 115,330 -
Google Inc CL A Comm COM 38259P508 1,497 4,300 SH Sole 4,300 -
Great Plains Energy COM 391164100 1,747 129,697 SH Sole 129,697 -
H & Q Healthcare Inv COM 404052102 2,179 216,400 SH Sole 216,400 -
H & Q Life Sciences COM 404053100 1,713 219,600 SH Sole 219,600 -
Harris Corp Common COM 413875105 17,248 596,000 SH Sole 596,000 -
HCC Insurance Holdin COM 404132102 20,842 827,381 SH Sole 827,381 -
HCP Common COM 40414L109 208,159 11,661,573 SH Sole 10,688,028 973,545
Health Care REIT Inc COM 42217K106 68,684 2,245,268 SH Sole 2,044,462 200,806
Health Care REIT Inc PFD 42217K502 443 20,000 SH Sole 20,000 -
Hewlett-Packard Co C COM 428236103 4,715 147,074 SH Sole 147,074 -
Highland Credit Stra COM 43005Q107 227 49,000 SH Sole 49,000 -
Highwoods Properties COM 431284108 40,795 1,904,551 SH Sole 1,794,487 110,064
Home Properties Inc COM 437306103 78,832 2,572,006 SH Sole 2,375,402 196,604
Hospitality Properti COM 44106M102 14,838 1,236,465 SH Sole 1,195,499 40,966
Host Hotels & Resort COM 44107P104 51,447 13,124,772 SH Sole 12,370,294 754,478
HSBC Holdings PLC 6. PFD 404280604 295 19,850 SH Sole 19,850 -
HSBC Holdings PLC AD COM 404280406 1,277 45,246 SH Sole 45,246 -
ING Asia Pacific Hig COM 44983J107 378 31,893 SH Sole 31,893 -
ING Clarion Global R COM 44982G104 2,637 831,713 SH Sole 831,713 -
ING Global Advntge & COM 44982N109 4,002 342,900 SH Sole 342,900 -
ING Global Eqty Div COM 45684E107 2,229 241,744 SH Sole 241,744 -
ING Risk Managed Nat COM 449810100 3,378 246,231 SH Sole 246,231 -
Inland Real Estate C COM 457461200 4,882 688,594 SH Sole 688,594 -
Intel Corp Common COM 458140100 11,995 797,036 SH Sole 797,036 -
International Busine COM 459200101 21,347 220,333 SH Sole 220,333 -
ITC Holdings Corp Co COM 465685105 6,408 146,900 SH Sole 146,900 -
John Hancock Pat Pre COM 41013T105 1,699 268,900 SH Sole 268,900 -
John Hancock Preferr COM 41013W108 1,948 184,296 SH Sole 184,296 -
John Hancock Preferr COM 41013X106 2,058 192,200 SH Sole 192,200 -
John Hancock Preferr COM 41021P103 1,698 191,829 SH Sole 191,829 -
Johnson & Johnson Co COM 478160104 28,475 541,336 SH Sole 541,336 -
Johnson Controls Com COM 478366107 660 55,000 SH Sole 55,000 -
JPMorgan Chase Commo COM 46625H100 21,166 796,339 SH Sole 796,339 -
Kilroy Realty Corp C COM 49427F108 42,581 2,477,069 SH Sole 2,345,526 131,543
Kimco Realty Corp Co COM 49446R109 13,194 1,731,485 SH Sole 1,688,290 43,195
Kinder Morgan Energy COM 494550106 13,343 285,592 SH Sole 285,592 -
Kraft Foods Inc Comm COM 50075N104 3,273 146,825 SH Sole 146,825 -
L-3 Communications H COM 502424104 9,512 140,300 SH Sole 140,300 -
LaSalle Hotel Proper COM 517942108 22 3,828 SH Sole 3,828 -
Liberty All Star Equ COM 530158104 952 324,986 SH Sole 324,986 -
Liberty Property Tru COM 531172104 140,451 7,415,540 SH Sole 6,940,542 474,998
LMP Cap & Inc CEF CE COM 50208A102 3,320 477,059 SH Sole 477,059 -
Lockheed Martin Corp COM 539830109 19,170 277,700 SH Sole 277,700 -
LTC Properties Inc C COM 502175102 11,056 630,293 SH Sole 582,393 47,900
Macerich Co/The Comm COM 554382101 29,334 4,686,012 SH Sole 4,292,067 393,945
Mack-Cali Realty Cor COM 554489104 144,863 7,312,612 SH Sole 6,855,286 457,326
Macquarie Global Inf COM 55608D101 1,150 122,380 SH Sole 122,380 -
Magellan Midstream P COM 559080106 6,370 216,900 SH Sole 216,900 -
Marathon Oil Corp Co COM 565849106 17,165 652,900 SH Sole 652,900 -
Markwest Energy Part COM 570759100 2,747 237,000 SH Sole 237,000 -
Mattel Inc Common COM 577081102 4,296 372,600 SH Sole 372,600 -
McDonald's Corp Comm COM 580135101 31,898 584,539 SH Sole 584,539 -
Medtronic Common COM 585055106 25,300 858,525 SH Sole 858,525 -
Merck and Co Inc Com COM 589331107 892 33,329 SH Sole 33,329 -
Metlife Inc Common COM 59156R108 16,811 738,300 SH Sole 738,300 -
MFS Intermediate Inc COM 55273C107 1,543 245,300 SH Sole 245,300 -
MFS Mutimarket Inc. COM 552737108 2,056 401,600 SH Sole 401,600 -
Microchip Technology COM 595017104 13,412 632,948 SH Sole 632,948 -
Microsoft Common COM 594918104 23,375 1,272,430 SH Sole 1,272,430 -
MLP & Strategic Equi COM 55312N106 711 69,700 SH Sole 69,700 -
Monsanto Co Common COM 61166W101 16,681 200,734 SH Sole 200,734 -
Morgan Stanley Commo COM 617446448 287 12,600 SH Sole 12,600 -
MS Emerging Mkts Dom COM 617477104 2,564 282,400 SH Sole 282,400 -
Nasdaq Premium Incom COM 63110R105 3,957 411,700 SH Sole 411,700 -
National Retail Prop COM 637417106 30,771 1,942,652 SH Sole 1,894,120 48,532
Nationwide Health Pr COM 638620104 156,381 7,047,404 SH Sole 6,537,382 510,022
Neuberger Berman Dvd COM 64127J102 217 43,100 SH Sole 43,100 -
New America High Inc COM 641876800 826 162,500 SH Sole 162,500 -
NFJ Dvd Interest & P COM 65337H109 3,824 382,400 SH Sole 382,400 -
Nicholas Applegate E COM 65370K100 732 67,800 SH Sole 67,800 -
Nicholas-Applegate C COM 65370F101 2,427 519,700 SH Sole 519,700 -
Nicholas-Applegate C COM 65370G109 4,187 1,009,004 SH Sole 1,009,004 -
Nike Inc Common COM 654106103 11,241 239,737 SH Sole 239,737 -
Nordstrom Inc Common COM 655664100 3,587 214,140 SH Sole 214,140 -
Norfolk Southern Cor COM 655844108 4,917 145,700 SH Sole 145,700 -
Northeast Utilities COM 664397106 14,678 679,845 SH Sole 679,845 -
Northwest Natural Ga COM 667655104 304 7,000 SH Sole 7,000 -
NSTAR Common COM 67019E107 2,016 63,252 SH Sole 63,252 -
Nuveen Diversified D COM 6706EP105 1,060 198,451 SH Sole 198,451 -
Nuveen Equity Premiu COM 6706ET107 2,427 245,600 SH Sole 245,600 -
Nuveen Floating Rate COM 6706EN100 270 51,200 SH Sole 51,200 -
Nuveen Multi-Currenc COM 67090N109 1,181 93,800 SH Sole 93,800 -
Nuveen Real Estate I COM 67071B108 989 275,525 SH Sole 275,525 -
OGE Energy Corp Comm COM 670837103 6,050 254,000 SH Sole 254,000 -
Omega Healthcare Inv COM 681936100 78,270 5,558,973 SH Sole 5,267,849 291,124
Oracle Corp Common COM 68389X105 3,325 184,000 SH Sole 184,000 -
Pepco Holdings Inc C COM 713291102 6,112 489,795 SH Sole 489,795 -
PepsiCo, Inc. COM 713448108 10,292 199,910 SH Sole 199,910 -
Petro-Canada Common COM 71644E102 2,145 80,700 SH Sole 80,700 -
Pfizer Inc Common COM 717081103 11,803 866,659 SH Sole 866,659 -
PG&E Corp Common COM 69331C108 55,956 1,464,062 SH Sole 1,464,062 -
Philip Morris Intern COM 718172109 1,311 36,833 SH Sole 36,833 -
Pinnacle West Capita COM 723484101 3,187 120,000 SH Sole 120,000 -
Pioneer Diversified COM 723653101 181 15,300 SH Sole 15,300 -
Pioneer Floating Rat COM 72369J102 207 28,300 SH Sole 28,300 -
Pioneer High Income COM 72369H106 3,896 485,200 SH Sole 485,200 -
Plum Creek Timber co COM 729251108 113,544 3,905,828 SH Sole 3,749,962 155,866
PNC Financial Servic COM 693475105 428 14,600 SH Sole 14,600 -
Post Properties Inc COM 737464107 28 2,772 SH Sole 2,772 -
PPL Corp Common COM 69351T106 25,333 882,372 SH Sole 882,372 -
Praxair Inc Common COM 74005P104 5,235 77,800 SH Sole 77,800 -
Preferred & Corp. In COM 09255J101 135 30,800 SH Sole 30,800 -
Procter & Gamble Co COM 742718109 26,501 562,776 SH Sole 562,776 -
Progress Energy Inc COM 743263105 26,508 731,050 SH Sole 731,050 -
Prologis 2.25% 04/01 BOND 743410AQ5 1,467 2,685,000 SH Sole 2,685,000 -
Prologis Common COM 743410102 54,825 8,434,523 SH Sole 7,902,238 532,285
PS Business Parks In COM 69360J107 32,383 878,762 SH Sole 773,120 105,642
Public Service Enter COM 744573106 38,739 1,314,530 SH Sole 1,314,530 -
Public Storage Inc C COM 74460D109 338,540 6,127,419 SH Sole 5,591,345 536,074
Public Storage Inc S COM 74460D729 1,774 77,247 SH Sole 66,479 10,768
Putnam Managed Muni COM 746823103 486 89,100 SH Sole 89,100 -
Putnam Premier Incom COM 746853100 1,563 368,600 SH Sole 368,600 -
Qualcomm Inc COM COM 747525103 16,680 428,700 SH Sole 428,700 -
Rayonier Inc Common COM 754907103 36,689 1,214,051 SH Sole 1,161,019 53,032
Realty Income Corp R COM 756109104 10,406 552,923 SH Sole 552,257 666
Reaves Utility Inc C COM 756158101 994 92,200 SH Sole 92,200 -
Regency Centers Corp COM 758849103 81,589 3,070,743 SH Sole 2,846,126 224,617
Royal Bank of ScotlaS S) PFD 780097739 12 2,100 SH Sole 2,100 -
Royal Bank of ScotlaBS,T) PFD 780097713 123 19,655 SH Sole 19,655 -
Royal Bank of Scotla PFD 780097770 9 1,680 SH Sole 1,680 -
SBA Communications C COM 78388J106 951 40,800 SH Sole 40,800 -
Schlumberger LTD Com COM 806857108 19,099 470,198 SH Sole 470,198 -
Sempra Energy Common COM 816851109 19,536 422,500 SH Sole 422,500 -
Senior Housing Prop COM 81721M109 18,068 1,288,735 SH Sole 1,288,735 -
Sierra Pacific Resou COM 67073Y106 14,994 1,596,880 SH Sole 1,596,880 -
Simon Property Group COM 828806109 466,611 13,470,267 SH Sole 11,192,340 2,277,927
SL Green Realty Corp COM 78440X101 27,734 2,568,010 SH Sole 2,356,409 211,601
Sovran Self Storage COM 84610H108 23,142 1,152,502 SH Sole 1,152,502 -
Spectra Energy Corp COM 847560109 19,280 1,363,555 SH Sole 1,363,555 -
Starwood Hotels & Re COM 85590A401 25,637 2,018,677 SH Sole 1,870,842 147,835
Sunamerica Focused A COM 867037103 5,101 572,500 SH Sole 572,500 -
Swiss Helvetia Fund COM 870875101 673 75,700 SH Sole 75,700 -
Tanger Factory Outle COM 875465106 46 1,500 SH Sole 1,500 -
Taubman Centers Inc COM 876664103 37,556 2,203,962 SH Sole 1,836,323 367,639
Templeton Global Inc COM 880198106 1,987 267,400 SH Sole 267,400 -
Teva Pharmaceutical COM 881624209 21,690 481,484 SH Sole 481,484 -
Texas Instruments In COM 882508104 2,046 123,900 SH Sole 123,900 -
The Southern Co Comm COM 842587107 67,282 2,197,300 SH Sole 2,197,300 -
Toronto-Dominion Ban COM 891160509 3,427 99,100 SH Sole 99,100 -
Total SA Spon ADR COM 89151E109 2,088 42,550 SH Sole 42,550 -
Transocean ltd COM H8817H100 12,420 211,096 SH Sole 211,096 -
U-Store-It Trust Com COM 91274F104 5,708 2,825,888 SH Sole 2,731,213 94,675
UDR INC Common COM 902653104 80,897 9,395,649 SH Sole 8,694,367 701,282
United Parcel Servic COM 911312106 9,109 185,060 SH Sole 185,060 -
United Technologies COM 913017109 6,037 140,473 SH Sole 140,473 -
Urstadt Biddle Prope COM 917286205 8,001 596,174 SH Sole 580,524 15,650
US Bancorp Common COM 902973304 14,901 1,019,900 SH Sole 1,019,900 -
Valero Energy Corp C COM 91913Y100 1,114 62,200 SH Sole 62,200 -
Ventas Inc Common COM 92276F100 147,061 6,504,185 SH Sole 5,969,294 534,891
Verizon Communicatio COM 92343V104 12,441 411,986 SH Sole 411,986 -
Vornado Realty Trust COM 929042109 171,043 5,145,737 SH Sole 4,679,074 466,663
Wal-Mart Stores Inc COM 931142103 21,747 417,400 SH Sole 417,400 -
Washington Real Esta COM 939653101 3,268 188,892 SH Sole 158,880 30,012
Waste Management Inc COM 94106L109 707 27,600 SH Sole 27,600 -
Weingarten Realty In COM 948741103 23,708 2,490,390 SH Sole 2,394,298 96,092
Wells Fargo & Co Com COM 949746101 9,132 641,322 SH Sole 641,322 -
Westar Energy Inc CO COM 95709T100 4,523 258,000 SH Sole 258,000 -
Western Asset Emerg COM 95766A101 866 73,400 SH Sole 73,400 -
Western Asset Emergi COM 95766E103 1,011 125,300 SH Sole 125,300 -
Western Asset Gl Hig COM 95766B109 906 130,700 SH Sole 130,700 -
Western Asset High I COM 95766J102 1,542 281,374 SH Sole 281,374 -
Western Asset Manage COM 95766K109 1,934 464,800 SH Sole 464,800 -
Western Asset Premie COM 957664105 224 24,600 SH Sole 24,600 -
Western Asset Worldw COM 957668106 372 43,000 SH Sole 43,000 -
Western Asset/Claymo COM 95766R104 3,807 354,775 SH Sole 354,775 -
Williams Cos Inc Com COM 969457100 298 26,178 SH Sole 26,178 -
Williams Partners LP PRTNRS 96950F104 5,762 516,300 SH Sole 516,300 -
Wisconsin Energy Gro COM 976657106 20,125 488,828 SH Sole 488,828 -
Xcel Energy Inc Comm COM 98389B100 20,412 1,095,651 SH Sole 1,095,651 -
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318 Data Records
6,364,185 Value Total
01 Other Manager on whose behalf report is filed