Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) - Net Assets
Based on the latest financial reports, Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) has net assets worth $1.10 Billion USD as of April 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.71 Billion) and total liabilities ($610.54 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read Cohen & Steers Tax-Advantaged Preferred (PTA) total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.10 Billion |
| % of Total Assets | 64.39% |
| Annual Growth Rate | -1.65% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 15.99 |
Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund - Net Assets Trend (2020–2024)
This chart illustrates how Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund's net assets have evolved over time, based on quarterly financial data. Also explore Cohen & Steers Tax-Advantaged Preferred (PTA) total assets for the complete picture of this company's asset base.
Annual Net Assets for Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (2020–2024)
The table below shows the annual net assets of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund from 2020 to 2024. For live valuation and market cap data, see Cohen & Steers Tax-Advantaged Preferred (PTA) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | $1.17 Billion | +15.01% |
| 2023-10-31 | $1.02 Billion | -8.30% |
| 2022-10-31 | $1.11 Billion | -22.65% |
| 2021-10-31 | $1.43 Billion | +14.69% |
| 2020-10-31 | $1.25 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 18585672400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.36 Billion | 115.91% |
| Total Equity | $1.17 Billion | 100.00% |
Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Competitors by Market Cap
The table below lists competitors of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Iperionx Ltd
AU:IPX
|
$1.07 Billion |
|
Genius Sports Ltd
NYSE:GENI
|
$1.07 Billion |
|
Community Trust Bancorp Inc
NASDAQ:CTBI
|
$1.07 Billion |
|
Tronox Holdings PLC
NYSE:TROX
|
$1.07 Billion |
|
Sihui Fuji Electronics Technology Co Ltd
SHE:300852
|
$1.07 Billion |
|
Rimon Consulting & Management Services Ltd
TA:RMON
|
$1.07 Billion |
|
BP PLC
LSE:BP
|
$1.07 Billion |
|
China High-Speed Railway Technology
SHE:000008
|
$1.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,016,677,696 to 1,169,255,105, a change of 152,577,409 (15.0%).
- Net income of 241,457,128 contributed positively to equity growth.
- Dividend payments of 88,866,609 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $241.46 Million | +20.65% |
| Dividends Paid | $88.87 Million | -7.6% |
| Other Changes | $-13.11K | -0.0% |
| Total Change | $- | 15.01% |
Book Value vs Market Value Analysis
This analysis compares Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.87x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.71x to 0.87x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-10-31 | $27.69 | $19.76 | x |
| 2021-10-31 | $25.92 | $19.76 | x |
| 2022-10-31 | $20.02 | $19.76 | x |
| 2023-10-31 | $19.72 | $19.76 | x |
| 2024-10-31 | $22.67 | $19.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.65%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 99.32%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.52x
- Recent ROE (20.65%) is above the historical average (1.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -0.04% | 0.00% | 0.00x | 1.26x | $-125.42 Million |
| 2021 | 9.14% | 94.18% | 0.07x | 1.49x | $-12.27 Million |
| 2022 | -20.78% | 0.00% | -0.13x | 1.63x | $-341.26 Million |
| 2023 | -0.36% | 0.00% | 0.00x | 1.60x | $-105.28 Million |
| 2024 | 20.65% | 99.32% | 0.14x | 1.52x | $124.53 Million |
Industry Comparison
This section compares Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,222,611,667
- Average return on equity (ROE) among peers: 5.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) | $1.10 Billion | -0.04% | 0.55x | $1.07 Billion |
| Acadian Asset Management Inc (AAMI) | $84.00 Million | 95.24% | 7.06x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.07 Billion | 13.23% | 0.00x | $3.60 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $79.50 Million | 27.37% | 0.59x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $962.54 Million | 12.37% | 1.41x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $6.55 Billion | 54.41% | 28.15x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $611.58 Million | 16.58% | 4.02x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $132.30 Million | 18.75% | 3.39x | $2.65 Billion |
About Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund
Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a close-end fixed income mutual fund launched by Cohen & Steers, Inc. The fund is managed by Cohen & Steers Capital Management, Inc. It invests in fixed income markets of global region. The fund invests directly and through derivates in preferred stock and debt securities, floating-rate and fixed-to-floating-rate preferred secu… Read more