UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2007
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: Vice President and Chief Compliance Officer
Phone: (212) 832-3232
Signature, Place, and Dating of Signing:
/s/ Lisa Phelan New York, NY February 14, 2008
----------------- --------------- ------------------
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: 348
Form 13F Information Table Value Total: 16,666,462 (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
---------------------------- -------- ------- --------- -------- ------- -------- ------ ------- -------
3M Co Common COM 88579Y101 2,462 29,200 SH Sole 29,200 -
Abbott Laboratories Common COM 002824100 18,079 321,963 SH Sole 321,963 -
ACE Ltd Common COM G0070K103 9,317 150,800 SH Sole 150,800 -
Advent Claymore Conv Sec & COM 00764C109 14,743 634,118 SH Sole 634,118 -
Advent Claymore Global Conv COM 007639107 5,493 359,000 SH Sole 359,000 -
Advent/Claymore Enh Gr & In COM 00765E104 3,767 235,749 SH Sole 235,749 -
AES Corp Common COM 00130H105 2,155 100,755 SH Sole 100,755 -
Aflac Inc COM 001055102 18,191 290,449 SH Sole 290,449 -
AGL Resources Inc COM 001204106 12,101 321,500 SH Sole 321,500 -
Alcoa Inc Common COM 013817101 5,649 154,558 SH Sole 154,558 -
Alexandria Real Estate Equi COM 015271109 20,169 198,386 SH Sole 187,967 10,419
Allegheny Energy, Inc. COM 017361106 2,676 42,072 SH Sole 42,072 -
Allstate Corp/The Common COM 020002101 7,908 151,400 SH Sole 151,400 -
Alpine Global Dynamic Div C COM 02082E106 5,822 270,265 SH Sole 270,265 -
Alpine Total Dynamic Div Fu COM 021060108 11,579 683,075 SH Sole 683,075 -
Altria Group Inc Common COM 02209S103 18,535 245,233 SH Sole 245,233 -
AMB Property Corp Common COM 00163T109 36,752 638,507 SH Sole 562,407 76,100
Ameren Corp Common COM 023608102 102,331 1,887,683 SH Sole 1,887,683 -
America Movil SAB de CV ADR COM 02364W105 4,211 68,597 SH Sole 68,597 -
American Campus Communities COM 024835100 49,782 1,854,057 SH Sole 1,826,657 27,400
American Electric Power Co COM 025537101 23,702 509,061 SH Sole 509,061 -
American International Grou COM 026874107 12,321 211,337 SH Sole 211,337 -
American Tower Corporation COM 029912201 940 22,073 SH Sole 22,073 -
Annaly Capital Management C COM 035710409 28,168 1,549,385 SH Sole 1,549,385 -
Apartment Invt & Mgmt COM 03748R101 265,933 7,657,190 SH Sole 7,042,021 615,169
Archer Daniels Midland Comm COM 039483102 10,693 230,279 SH Sole 230,279 -
AT&T Common COM 00206R102 53,648 1,290,851 SH Sole 1,290,851 -
Atmos Energy Corp Common COM 049560105 5,902 210,500 SH Sole 210,500 -
AvalonBay Communities Inc C COM 053484101 337,186 3,581,751 SH Sole 3,324,702 257,049
Baker Hughes Inc Common COM 057224107 5,588 68,900 SH Sole 68,900 -
Bank of America Corp Common COM 060505104 23,366 566,299 SH Sole 566,299 -
BB&T Corp Common COM 054937107 2,454 80,000 SH Sole 80,000 -
Becton Dickinson & Co C COM 075887109 501 6,000 SH Sole 6,000 -
Bemis Co Common COM 081437105 1,862 68,000 SH Sole 68,000 -
BioMed Realty Trust Inc Com COM 09063H107 205,597 8,873,341 SH Sole 8,030,263 843,078
Blackrock Corp HY Fund VI C COM 09255P107 3,497 297,100 SH Sole 297,100 -
Blackrock Corporate High Y COM 09255L106 1,677 237,600 SH Sole 237,600 -
Blackrock Corporate High Yi COM 09255N102 955 81,600 SH Sole 81,600 -
Blackrock Global Enrg & Res COM 09250U101 8,661 276,700 SH Sole 276,700 -
Blackrock Global Eq Inc Tr COM 09255D104 1,051 64,585 SH Sole 64,585 -
Blackrock Health Sciences T COM 09250W107 5,187 191,900 SH Sole 191,900 -
Blackrock Inc. COM COM 09247X101 7,101 32,750 SH Sole 32,750 -
Blackrock International Gro COM 092524107 1,366 81,300 SH Sole 81,300 -
Blackrock Ltd Duration Inc COM 09249W101 368 23,174 SH Sole 23,174 -
Blackrock Pfd & Eq Adv Tr C COM 092508100 10,077 588,618 SH Sole 588,618 -
Blackrock Real Asset Equity COM 09254B109 6,633 391,100 SH Sole 391,100 -
Blackrock World Investment COM 09250K103 173 10,000 SH Sole 10,000 -
Blackstone Group LP Common COM 09253U108 4,430 200,200 SH Sole 200,200 -
Boeing Co Common COM 097023105 11,015 125,943 SH Sole 125,943 -
Boston Properties Inc Commo COM 101121101 694,180 7,561,069 SH Sole 6,843,562 717,507
Brandywine Realty Trust Com COM 105368203 88,248 4,921,720 SH Sole 4,870,437 51,283
BRE Properties Inc Common COM 05564E106 200,028 4,935,317 SH Sole 4,262,022 673,295
Brookfield Properties Co Co COM 112900105 107,369 5,577,606 SH Sole 4,698,210 879,396
Calamos Convertible & Incom COM 12811P108 4,754 361,512 SH Sole 361,512 -
Calamos Strat Tot Return Fd COM 128125101 19,212 1,372,300 SH Sole 1,372,300 -
Camden Property Trust Commo COM 133131102 111,916 2,324,305 SH Sole 2,228,905 95,400
Capital And Inc Strat Fd In COM 09256A109 3,876 193,200 SH Sole 193,200 -
Carnival Corp Common COM 143658300 2,387 53,650 SH Sole 53,650 -
CBL & Associates Properties COM 124830100 192 8,031 SH Sole 8,031 -
Cedar Shopping Centers Inc COM 150602209 42,898 4,193,277 SH Sole 4,103,477 89,800
Chevron Corp Common COM 166764100 12,173 130,430 SH Sole 130,430 -
Citigroup Inc Common COM 172967101 12,757 433,338 SH Sole 433,338 -
Citizens Communications Co COM 17453B101 19,427 1,526,100 SH Sole 1,526,100 -
Cleco Corp Common COM 12561W105 13,619 489,900 SH Sole 489,900 -
Clough Global Allocation Fd COM 18913Y103 2,452 114,600 SH Sole 114,600 -
Clough Global Equity Fund C COM 18914C100 3,755 178,900 SH Sole 178,900 -
Clough Global Opportunities COM 18914E106 18,095 955,385 SH Sole 955,385 -
CMS Energy Corp Common COM 125896100 395 22,753 SH Sole 22,753 -
CNOOC Ltd ADR COM 126132109 142 850 SH Sole 850 -
Coca-Cola Co/The Common COM 191216100 2,670 43,500 SH Sole 43,500 -
Colonial Properties Trust C COM 195872106 43,118 1,905,347 SH Sole 1,905,347 -
Comverge Common COM 205859101 438 13,900 SH Sole 13,900 -
ConocoPhillips Common COM 20825C104 13,445 152,270 SH Sole 152,270 -
Consolidated Edison Inc Com COM 209115104 107,797 2,206,700 SH Sole 2,206,700 -
Constellation Energy Group COM 210371100 28,822 281,106 SH Sole 281,106 -
Corning Inc Common COM 219350105 10,176 424,200 SH Sole 424,200 -
Corporate Office Properties COM 22002T108 19,406 616,049 SH Sole 525,649 90,400
Costco Wholesale Corp Commo COM 22160K105 3,927 56,300 SH Sole 56,300 -
Cushing MLP Total Return Fu COM 231631102 367 23,000 SH Sole 23,000 -
DCP Midstream Partners LP C COM 23311P100 17,339 377,342 SH Sole 377,342 -
DCT Industrial Trust Common COM 233153105 7,236 777,186 SH Sole 777,186 -
Developers Diversified Real COM 251591103 364,610 9,522,305 SH Sole 8,721,319 800,986
Devon Energy Corp Common COM 25179M103 11,528 129,673 SH Sole 129,673 -
Diageo PLC ADR COM 25243Q205 6,403 74,600 SH Sole 74,600 -
DiamondRock Hospitality Co COM 252784301 69,423 4,634,400 SH Sole 4,557,900 76,500
Disney Co Common COM 254687106 2,160 66,900 SH Sole 66,900 -
Dividend Cap Real Inc Alloc COM 25537T105 1,077 133,574 SH Sole 133,574 -
Dominion Resources Inc/VA C COM 25746U109 64,978 1,369,411 SH Sole 1,369,411 -
Douglas Emmett Common COM 25960P109 130,922 5,790,537 SH Sole 5,198,914 591,623
Dow 30 Enhanced Preimium & COM 260537105 7,078 442,872 SH Sole 442,872 -
Dow Chemical Co/The Common COM 260543103 6,154 156,100 SH Sole 156,100 -
DPL Inc Common COM 233293109 10,434 351,902 SH Sole 351,902 -
DTE Energy Co Common COM 233331107 79,423 1,806,700 SH Sole 1,806,700 -
Duke Energy Corp Common COM 26441C105 174,032 8,628,249 SH Sole 8,628,249 -
Duncan Energy Partners Comm COM 265026104 3,229 147,900 SH Sole 147,900 -
DuPont Fabros Technology In COM 26613Q106 28,168 1,437,130 SH Sole 1,176,481 260,649
DWS Glbl Commodities Stk CE COM 23338Y100 4,509 256,076 SH Sole 256,076 -
DWS RREEF Real Estate CEF COM 233384106 4,012 227,547 SH Sole 227,547 -
DWS RREEF Real Estate II CE COM 23338X102 5,649 437,900 SH Sole 437,900 -
Dynegy Inc Class A Common COM 26817G102 425 59,500 SH Sole 59,500 -
EastGroup Properties Inc Co COM 277276101 75,017 1,792,549 SH Sole 1,676,249 116,300
Eastman Chemical Company Co COM 277432100 2,138 35,000 SH Sole 35,000 -
Eaton Vance Enh Eqt Inc II COM 278277108 16,705 941,136 SH Sole 941,136 -
Eaton Vance Enhanced Eq Inc COM 278274105 3,967 218,332 SH Sole 218,332 -
Eaton Vance Ltd Duration In COM 27828H105 2,260 151,376 SH Sole 151,376 -
Eaton Vance Senior Floating COM 27828Q105 356 23,000 SH Sole 23,000 -
Eaton Vance T/M Buy-Write I COM 27828X100 4,507 258,594 SH Sole 258,594 -
Eaton Vance T/M Buy-Write O COM 27828Y108 12,207 719,756 SH Sole 719,756 -
Eaton Vance TA Gl Div & Inc COM 27828S101 11,533 427,000 SH Sole 427,000 -
Eaton Vance Tax Man Glbl Br COM 27829C105 18,386 1,059,065 SH Sole 1,059,065 -
Eaton Vance Tax Man Glbl CE COM 27829F108 13,557 820,626 SH Sole 820,626 -
Eaton Vance Tax-Adv Dvd Inc COM 27828G107 12,209 439,000 SH Sole 439,000 -
Eaton Vance Tax-Mgd Dvsfied COM 27828N102 21,674 1,304,105 SH Sole 1,304,105 -
Edison International Common COM 281020107 54,143 1,014,486 SH Sole 1,014,486 -
Education Realty Trust Inc COM 28140H104 32,715 2,910,468 SH Sole 2,809,568 100,900
EI Du Pont de Nemours & COM 263534109 3,880 88,000 SH Sole 88,000 -
Eli Lilly and Co Common COM 532457108 4,495 84,200 SH Sole 84,200 -
Energy Income And Growth Fd COM 292697109 3,120 127,100 SH Sole 127,100 -
Energy Transfer Partners LP COM 29273R109 15,593 289,400 SH Sole 289,400 -
EnergySouth Common COM 292970100 700 12,076 SH Sole 12,076 -
Enernoc Inc Common COM 292764107 721 14,678 SH Sole 14,678 -
Enhanced S&P 500 Covered CE COM 29332W107 172 10,000 SH Sole 10,000 -
Entergy Corp Common COM 29364G103 161,896 1,354,554 SH Sole 1,354,554 -
Enterprise Products Ptnrs C COM 293792107 18,933 593,900 SH Sole 593,900 -
Entertainment Properties Tr COM 29380T105 46,084 980,500 SH Sole 970,500 10,000
Equitable Resources Inc Com COM 294549100 72,540 1,361,486 SH Sole 1,361,486 -
Equity Lifestyle Properties COM 29472R108 73,045 1,599,413 SH Sole 1,411,980 187,433
Equity One Inc Common COM 294752100 89,045 3,866,413 SH Sole 3,537,233 329,180
Equity Residential Common COM 29476L107 330,506 9,062,409 SH Sole 8,187,690 874,719
Essex Property Trust Inc Co COM 297178105 51,108 524,221 SH Sole 464,634 59,587
Evergreen Global Div Opptnt COM 30024H101 12,640 723,900 SH Sole 723,900 -
Evergreen Income Advantage COM 30023Y105 2,064 183,008 SH Sole 183,008 -
Exelon Corp Common COM 30161N101 203,650 2,494,504 SH Sole 2,494,504 -
Exterran Partners LP Common COM 30225N105 6,209 193,500 SH Sole 193,500 -
Extra Space Storage Inc Com COM 30225T102 100,902 7,061,055 SH Sole 6,259,725 801,330
Exxon Mobil Corp Common COM 30231G102 16,695 178,197 SH Sole 178,197 -
Fairpoint Communications In COM 305560104 18,334 1,408,083 SH Sole 1,408,083 -
Federal Realty Invs Trust C COM 313747206 253,663 3,087,811 SH Sole 2,705,927 381,884
Fiduciary/Claymore Mlp Oppo COM 31647Q106 3,438 164,661 SH Sole 164,661 -
First Industrial Realty Tru COM 32054K103 27,098 783,200 SH Sole 783,200 -
First Potomac Realty Trust COM 33610F109 4,949 286,224 SH Sole 244,967 41,257
FirstEnergy Corp Common COM 337932107 106,250 1,468,769 SH Sole 1,468,769 -
Forest City Enterprises Inc COM 345550107 90,364 2,033,396 SH Sole 1,703,121 330,275
FPL Group Inc Common COM 302571104 122,252 1,803,654 SH Sole 1,803,654 -
Freddie Mac Common COM 313400301 4,826 141,640 SH Sole 141,640 -
Gabelli Dividend & Income T COM 36242H104 11,039 533,808 SH Sole 533,808 -
Gabelli Global Deal Fund CE COM 36245G103 922 57,800 SH Sole 57,800 -
General Dynamics Corp Commo COM 369550108 13,866 155,819 SH Sole 155,819 -
General Electric Co Common COM 369604103 16,998 458,530 SH Sole 458,530 -
General Growth Properties I COM 370021107 472,646 11,477,553 SH Sole 9,614,313 1,863,240
General Mills Inc Common COM 370334104 2,229 39,100 SH Sole 39,100 -
Glimcher Realty Trust Commo COM 379302102 72,787 5,093,567 SH Sole 4,779,870 313,697
GMH Communities Trust Commo COM 36188G102 6,349 1,150,389 SH Sole 1,150,389 -
Goldman Sach Group, Inc. COM 38141G104 3,333 15,500 SH Sole 15,500 -
Gramercy Capital Corp/New Y COM 384871109 51,031 2,099,176 SH Sole 2,099,176 -
Great Plains Energy Inc Com COM 391164100 1,906 65,000 SH Sole 65,000 -
H & Q Life Sciences Invstrs COM 404053100 3,167 239,000 SH Sole 239,000 -
HCC Insurance Holdings Inc COM 404132102 16,705 582,481 SH Sole 582,481 -
HCP Inc Common COM 40414L109 205,125 5,897,802 SH Sole 5,846,902 50,900
Health Care REIT Inc Common COM 42217K106 195,912 4,383,785 SH Sole 4,354,356 29,429
Hewlett-Packard Co Common COM 428236103 5,097 100,974 SH Sole 100,974 -
Highland Credit Strategies COM 43005Q107 4,471 282,588 SH Sole 282,588 -
Highland Distressed Opprtnt COM 430067108 934 109,000 SH Sole 109,000 -
Highwoods Properties Inc Co COM 431284108 79,276 2,698,300 SH Sole 2,664,400 33,900
HJ Heinz Co Common COM 423074103 4,500 96,400 SH Sole 96,400 -
Home Properties Inc Common COM 437306103 204,892 4,568,401 SH Sole 4,366,636 201,765
Hospitality Properties Trus COM 44106M102 95,911 2,976,764 SH Sole 2,939,264 37,500
Host Hotels & Resorts Commo COM 44107P104 413,968 24,293,919 SH Sole 22,225,381 2,068,538
HRPT Properties Trust Commo COM 40426W101 5,429 702,295 SH Sole 702,295 -
HSBC Holdings PLC ADR COM 404280406 7,483 89,400 SH Sole 89,400 -
ING Clarion Global Real Est COM 44982G104 11,063 799,913 SH Sole 799,913 -
ING Clarion Real Estate Inc COM 449788108 2,333 208,700 SH Sole 208,700 -
ING Global Advntge & Premiu COM 44982N109 6,327 324,300 SH Sole 324,300 -
ING Global Eqty Div & Premi COM 45684E107 3,173 191,844 SH Sole 191,844 -
ING Risk Managed Natural Re COM 449810100 9,735 575,031 SH Sole 575,031 -
Inland Real Estate Corp Com COM 457461200 84,179 5,944,801 SH Sole 5,740,092 204,709
Integrys Energy Group Inc C COM 45822P105 3,014 58,300 SH Sole 58,300 -
Intel Corp Common COM 458140100 10,032 376,301 SH Sole 376,301 -
International Business Mach COM 459200101 8,187 75,733 SH Sole 75,733 -
iStar Financial Inc Common COM 45031U101 37,822 1,451,900 SH Sole 1,421,800 30,100
ITC Holdings Corp Common COM 465685105 28,384 503,081 SH Sole 503,081 -
JC Penney Co Inc Common COM 708160106 1,729 39,300 SH Sole 39,300 -
JM Smucker Company Common COM 832696405 314 6,100 SH Sole 6,100 -
John Han Bk & Thrift Opp Fd COM 409735107 6,070 980,660 SH Sole 980,660 -
John Hancock T/A Dvd Income COM 41013V100 13,575 758,400 SH Sole 758,400 -
Johnson & Johnson Common COM 478160104 13,330 199,836 SH Sole 199,836 -
JPMorgan Chase & Co Com COM 46625H100 15,264 349,694 SH Sole 349,694 -
Kayne Anderson Energy Tot R COM 48660P104 4,212 152,332 SH Sole 152,332 -
Kayne Anderson Mlp Investme COM 486606106 2,641 90,000 SH Sole 90,000 -
Kilroy Realty Corp Common COM 49427F108 138,478 2,519,631 SH Sole 2,252,279 267,352
Kimberly-Clark Corp Common COM 494368103 3,814 55,000 SH Sole 55,000 -
Kimco Realty Corp Common COM 49446R109 83,349 2,289,789 SH Sole 2,099,578 190,211
Kinder Morgan Energy Partne COM 494550106 15,041 278,592 SH Sole 278,592 -
Kraft Foods Inc Common COM 50075N104 9,751 298,826 SH Sole 298,826 -
Lafarge SA Spon ADR COM 505861401 136 3,000 SH Sole 3,000 -
LaSalle Hotel Properties Co COM 517942108 110,466 3,462,882 SH Sole 2,942,070 520,812
Leggett & Platt Common COM 524660107 2,154 123,500 SH Sole 123,500 -
Liberty All Star Equity Fun COM 530158104 2,801 397,286 SH Sole 397,286 -
Liberty All-Star Growth Fd COM 529900102 447 75,000 SH Sole 75,000 -
Liberty Property Trust Comm COM 531172104 308,401 10,704,625 SH Sole 10,087,819 616,806
LMP Cap & Inc CEF CEF COM 50208A102 9,679 536,259 SH Sole 536,259 -
Lockheed Martin Corp Common COM 539830109 9,010 85,600 SH Sole 85,600 -
Macerich Co/The Common COM 554382101 587,720 8,270,778 SH Sole 7,299,344 971,434
Mack-Cali Realty Corp Commo COM 554489104 261,277 7,684,602 SH Sole 7,384,050 300,552
Macquarie/Ft Gl Int/Ut Dv I COM 55607W100 1,084 45,000 SH Sole 45,000 -
Madison/Claymore Covered Ca COM 556582104 1,603 140,489 SH Sole 140,489 -
Magellan Midstream Partners COM 559080106 8,321 191,900 SH Sole 191,900 -
Maguire Properties Inc Comm COM 559775101 206,434 7,004,946 SH Sole 6,406,011 598,935
Masco Corp Common COM 574599106 2,492 115,300 SH Sole 115,300 -
Mattel Inc Common COM 577081102 3,749 196,900 SH Sole 196,900 -
McDonald's Corp Common COM 580135101 3,655 62,039 SH Sole 62,039 -
Medtronic Common COM 585055106 14,901 296,425 SH Sole 296,425 -
Merck and Co Inc Common COM 589331107 11,437 196,829 SH Sole 196,829 -
Merrill Lynch Common COM 590188108 3,398 63,300 SH Sole 63,300 -
MFA Mortgage Investments In COM 55272X102 5,608 606,278 SH Sole 136,757 469,521
MGIC Investment Corp Common COM 552848103 1,090 48,600 SH Sole 48,600 -
Microchip Technology Inc Co COM 595017104 12,880 409,948 SH Sole 409,948 -
Microsoft Common COM 594918104 14,493 407,115 SH Sole 407,115 -
Mid-America Apartment Comm COM 59522J103 81,319 1,902,200 SH Sole 1,876,600 25,600
Mirant Corp Common COM 60467R100 3,547 91,000 SH Sole 91,000 -
Mission West Properties Com COM 605203108 24,044 2,528,376 SH Sole 2,461,776 66,600
MLP & Strategic Equity Fund COM 55312N106 2,138 144,000 SH Sole 144,000 -
Monsanto Co Common COM 61166W101 9,241 82,734 SH Sole 82,734 -
Morgan Stanley Common COM 617446448 4,514 85,000 SH Sole 85,000 -
Nasdaq Premium Income & Gro COM 63110R105 9,175 502,500 SH Sole 502,500 -
National Fuel Gas Co Common COM 636180101 2,437 52,200 SH Sole 52,200 -
National Retail Properties COM 637417106 21,842 934,200 SH Sole 934,200 -
Nationwide Health Propertie COM 638620104 215,417 6,866,990 SH Sole 6,810,290 56,700
Neuberger Berman Dvd Adv Fd COM 64127J102 2,907 168,700 SH Sole 168,700 -
Neuberger Berman Income Opp COM 64126L108 2,247 201,700 SH Sole 201,700 -
Neuberger Berman Real Estat COM 64190A103 5,024 436,447 SH Sole 436,447 -
Neuberger Berman Realty Inc COM 64126G109 3,703 234,086 SH Sole 234,086 -
Newell Rubbermaid Inc Commo COM 651229106 1,863 72,000 SH Sole 72,000 -
NFJ Dvd Interest & Pr Strat COM 65337H109 12,426 534,000 SH Sole 534,000 -
Nicholas Applegate Eq & Cvr COM 65370K100 4,331 194,650 SH Sole 194,650 -
Nicholas-Applegate Conv. & COM 65370F101 488 40,000 SH Sole 40,000 -
Nicholas-Applegate Conv. & COM 65370G109 4,042 328,904 SH Sole 328,904 -
Nicholas-Applegate Intl & P COM 65370C108 2,178 101,300 SH Sole 101,300 -
Nike Inc Common COM 654106103 11,694 182,037 SH Sole 182,037 -
Nokia OYJ ADR COM 654902204 2,284 59,500 SH Sole 59,500 -
Nordstrom Inc Common COM 655664100 7,549 205,540 SH Sole 205,540 -
Norfolk Southern Corporatio COM 655844108 1,105 21,900 SH Sole 21,900 -
Northeast Utilities Common COM 664397106 19,041 608,145 SH Sole 608,145 -
Northwest Natural Gas Commo COM 667655104 239 4,905 SH Sole 4,905 -
NRG Energy Common COM 629377508 8,892 205,166 SH Sole 205,166 -
NSTAR Common COM 67019E107 30,788 850,013 SH Sole 850,013 -
Nuveen Diversified Dividend COM 6706EP105 5,129 359,202 SH Sole 359,202 -
Nuveen Equity Premium Incom COM 6706ER101 3,055 186,140 SH Sole 186,140 -
Nuveen Global Value Oppty C COM 6706EH103 2,289 125,100 SH Sole 125,100 -
Nuveen Real Estate Income F COM 67071B108 5,338 334,278 SH Sole 334,278 -
Nuveen Tax-Adv Tot Ret Stra COM 67090H102 1,647 75,500 SH Sole 75,500 -
OGE Energy Corp Common COM 670837103 6,296 173,500 SH Sole 173,500 -
Old Mutual Claymore Long-Sh COM 68003N103 2,288 149,079 SH Sole 149,079 -
Omega Healthcare Investors COM 681936100 34,807 2,168,700 SH Sole 2,091,200 77,500
Oneok Inc Common COM 682680103 4,396 98,200 SH Sole 98,200 -
Paccar Inc Common COM 693718108 4,503 82,650 SH Sole 82,650 -
Parkway Properties Inc/Md C COM 70159Q104 57,728 1,561,073 SH Sole 1,359,973 201,100
Pepco Holdings Inc Common COM 713291102 70,949 2,419,000 SH Sole 2,419,000 -
PepsiCo, Inc. COM 713448108 3,727 49,110 SH Sole 49,110 -
Petro-Canada Common COM 71644E102 5,314 99,100 SH Sole 99,100 -
Pfizer Inc Common COM 717081103 6,708 295,084 SH Sole 295,084 -
PG&E Corp Common COM 69331C108 98,399 2,283,562 SH Sole 2,283,562 -
PIMCO Corporate Opportunity COM 72201B101 771 57,302 SH Sole 57,302 -
PIMCO Global StocksPLUS & I COM 722011103 1,321 59,800 SH Sole 59,800 -
Pinnacle West Capital Corp COM 723484101 43,262 1,020,100 SH Sole 1,020,100 -
Pioneer High Income Trust C COM 72369H106 560 40,000 SH Sole 40,000 -
Pitney Bowes Inc Common COM 724479100 2,625 69,000 SH Sole 69,000 -
Plum Creek Timber co Common COM 729251108 39,927 867,213 SH Sole 866,208 1,005
PNC Financial Services Grou COM 693475105 545 8,300 SH Sole 8,300 -
PNM Resources Common COM 69349H107 515 24,000 SH Sole 24,000 -
Post Properties Inc Common COM 737464107 3,040 86,572 SH Sole 86,572 -
PPG Industries Inc Common COM 693506107 2,198 31,300 SH Sole 31,300 -
PPL Corp Common COM 69351T106 72,939 1,400,272 SH Sole 1,400,272 -
Procter & Gamble Co Common COM 742718109 18,039 245,676 SH Sole 245,676 -
Progress Energy Inc Common COM 743263105 95,875 1,979,650 SH Sole 1,979,650 -
Prologis Common COM 743410102 319,178 5,035,920 SH Sole 4,537,839 498,081
PS Business Parks Inc Commo COM 69360J107 53,415 1,016,464 SH Sole 851,419 165,045
Public Service Enterprise G COM 744573106 145,082 1,476,815 SH Sole 1,476,815 -
Public Storage Inc Common COM 74460D109 487,703 6,643,539 SH Sole 5,839,372 804,167
Public Storage Inc Series A COM 74460D729 20,647 826,200 SH Sole 802,400 23,800
Questar Corp Common COM 748356102 436 8,064 SH Sole 8,064 -
Ramco-Gershenson Properties COM 751452202 29,174 1,365,200 SH Sole 1,295,800 69,400
Real Estate Income Fund CEF COM 50208C108 3,678 253,315 SH Sole 253,315 -
Reaves Utility Inc CEF COM 756158101 2,145 85,000 SH Sole 85,000 -
Regency Centers Corp Common COM 758849103 213,766 3,314,711 SH Sole 2,925,602 389,109
RR Donnelley & Sons Co Comm COM 257867101 2,034 53,900 SH Sole 53,900 -
S & P Covered Call Fund CE COM 78381P109 1,118 72,600 SH Sole 72,600 -
SB Emerging Markets Debt Fu COM 95766A101 676 38,000 SH Sole 38,000 -
SCANA Corp Common COM 80589M102 6,618 157,000 SH Sole 157,000 -
Schlumberger LTD Common COM 806857108 9,640 97,998 SH Sole 97,998 -
Seagate Technology Common COM G7945J104 6,337 248,500 SH Sole 248,500 -
SemGroup Energy Partners LP COM 81662W108 4,872 169,000 SH Sole 169,000 -
Sempra Energy Common COM 816851109 35,503 573,751 SH Sole 573,751 -
Senior Housing Prop Trust C COM 81721M109 144,912 6,389,435 SH Sole 6,251,135 138,300
Sierra Pacific Resources Co COM 826428104 487 28,664 SH Sole 28,664 -
Simon Property Group Inc Co COM 828806109 770,971 8,876,023 SH Sole 7,368,156 1,507,867
SL Green Realty Corp Common COM 78440X101 616,245 6,593,678 SH Sole 5,996,103 597,575
Small Cap Prem & Div Inc Fu COM 83165P101 1,747 111,000 SH Sole 111,000 -
Sonoco Products Common COM 835495102 1,925 58,900 SH Sole 58,900 -
South Jersey Industries Com COM 838518108 460 12,753 SH Sole 12,753 -
Southern Union Co Common COM 844030106 1,039 35,397 SH Sole 35,397 -
Sovran Self Storage Inc Com COM 84610H108 113,211 2,823,208 SH Sole 2,746,508 76,700
Spectra Energy Corp Common COM 847560109 93,475 3,620,255 SH Sole 3,620,255 -
Starwood Hotels & Resorts W COM 85590A401 207,727 4,717,835 SH Sole 4,047,905 669,930
Strategic Hotel Capital Inc COM 86272T106 163,725 9,786,296 SH Sole 9,141,296 645,000
Sunamerica Focused Alpha Gr COM 867037103 7,407 391,500 SH Sole 391,500 -
Sunstone Hotel Investors In COM 867892101 89,753 4,907,254 SH Sole 4,192,560 714,694
Targa Resources Partners LP COM 87611X105 11,463 387,000 SH Sole 387,000 -
Taubman Centers Inc Common COM 876664103 62,450 1,269,567 SH Sole 1,036,968 232,599
Teco Energy Common COM 872375100 10,734 623,715 SH Sole 623,715 -
Teva Pharmaceutical ADR COM 881624209 10,220 219,884 SH Sole 219,884 -
The Southern Co Common COM 842587107 145,198 3,747,046 SH Sole 3,747,046 -
Thomas Properties Group Inc COM 884453101 8,296 769,500 SH Sole 171,300 598,200
Time Warner Common COM 887317105 8,641 523,389 SH Sole 523,389 -
Total SA Spon ADR COM 89151E109 244 2,950 SH Sole 2,950 -
Transocean Inc COM G90073100 7,458 52,097 SH Sole 52,097 -
U-Store-It Trust Common COM 91274F104 30,872 3,370,418 SH Sole 2,577,751 792,667
UDR INC Common COM 902653104 248,015 12,494,433 SH Sole 11,549,483 944,950
United Parcel Service Inc C COM 911312106 11,235 158,860 SH Sole 158,860 -
United Technologies Corpora COM 913017109 3,542 46,273 SH Sole 46,273 -
Urstadt Biddle Properties I COM 917286205 29,280 1,889,077 SH Sole 1,810,277 78,800
US Bancorp Common COM 902973304 12,858 405,100 SH Sole 405,100 -
Vectren Corp Common COM 92240G101 20,660 712,167 SH Sole 712,167 -
Ventas Inc Common COM 92276F100 363,812 8,040,046 SH Sole 7,862,315 177,731
Verizon Communications Inc COM 92343V104 49,469 1,132,283 SH Sole 1,132,283 -
Vornado Realty Trust Common COM 929042109 639,942 7,276,196 SH Sole 6,822,514 453,682
Wachovia Corp Common COM 929903102 7,864 206,800 SH Sole 206,800 -
Washington Real Estate Inv COM 939653101 25,246 803,720 SH Sole 777,720 26,000
Waste Management Inc Common COM 94106L109 2,101 64,300 SH Sole 64,300 -
Weingarten Realty Investors COM 948741103 35,042 1,114,588 SH Sole 935,890 178,698
Wells Fargo & Co Common COM 949746101 17,628 583,887 SH Sole 583,887 -
Western Asset Emerging Mkts COM 95766E103 1,188 95,000 SH Sole 95,000 -
Western Asset High Income F COM 95766J102 2,830 280,174 SH Sole 280,174 -
Western Asset Managed Inc F COM 95766K109 1,369 228,100 SH Sole 228,100 -
Western Asset Opportunity F COM 95766L107 3,486 607,287 SH Sole 607,287 -
Williams Cos Inc Common COM 969457100 1,361 38,028 SH Sole 38,028 -
Windstream Corp Common COM 97381W104 2,604 200,000 SH Sole 200,000 -
Wisconsin Energy Group Comm COM 976657106 786 16,128 SH Sole 16,128 -
Worthington Industries Comm COM 981811102 5,280 295,300 SH Sole 295,300 -
Xcel Energy Inc Common COM 98389B100 71,339 3,160,809 SH Sole 3,160,809 -
Yum! Brands Common COM 988498101 11,546 301,693 SH Sole 301,693 -
Barclays Bank 7.10% (BCS A) PER 06739H776 3,259 137,200 SH Sole 137,200 -
Entergy 7.625% CV PER 29364G202 4,656 65,000 SH Sole 65,000 -
Royal Bank of Scotland 6.75 PER 780097754 94 4,500 SH Sole 4,500 -
Royal Bank of Scotland Grou PER 780097713 14,142 612,497 SH Sole 609,667 2,830
Royal Bank of Scotland Pfd PER 780097770 2,549 130,700 SH Sole 130,700 -
Teekay LNG Partners LP Comm PRTNRS Y8564M105 5,332 179,700 SH Sole 179,700 -
Teekay Offshore Partners LP PRTNRS Y8565J101 5,258 207,900 SH Sole 207,900 -
Williams Partners LP Common PRTNRS 96950F104 33,500 854,587 SH Sole 854,587 -
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348 Data Records
16,666,462 Value Total
01 Other Manager on whose behalf report is filed