UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 28, 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 November 14, 2007
----------------- --------------- ------------------
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: 362
Form 13F Information Table Value Total: 19,733,968 (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 2,733 29,200 SH Sole 29,200 -
Abbott Laboratories Commo COM 002824100 18,995 354,263 SH Sole 354,263 -
ACE Ltd Common COM G0070K103 12,078 199,400 SH Sole 199,400 -
Advent Claymore Conv Sec COM 00764C109 16,208 634,118 SH Sole 634,118 -
Advent Claymore Global Co COM 007639107 1,559 95,000 SH Sole 95,000 -
Advent/Claymore Enh Gr & COM 00765E104 3,933 225,749 SH Sole 225,749 -
AES Corp Common COM 00130H105 2,158 107,700 SH Sole 107,700 -
Aflac Inc COM 001055102 19,819 347,449 SH Sole 347,449 -
AGL Resources Inc COM 001204106 12,738 321,500 SH Sole 321,500 -
Alcoa Inc Common COM 013817101 6,242 159,558 SH Sole 159,558 -
Alexandria Real Estate Eq COM 015271109 75,619 785,583 SH Sole 702,193 83,390
Allegheny Energy, Inc. COM 017361106 2,561 49,000 SH Sole 49,000 -
Alliant Energy Corp Commo COM 018802108 307 8,000 SH Sole 8,000 -
Allstate Corp/The Common COM 020002101 10,849 189,700 SH Sole 189,700 -
Alpine Global Dynamic Div COM 02082E106 6,244 268,103 SH Sole 268,103 -
Alpine Total Dynamic Div COM 021060108 13,167 670,075 SH Sole 670,075 -
Altria Group Inc Common COM 02209S103 16,412 236,033 SH Sole 236,033 -
AMB Property Corp Common COM 00163T109 75,865 1,268,418 SH Sole 1,145,618 122,800
Ameren Corp Common COM 023608102 101,623 1,935,683 SH Sole 1,935,683 -
America Movil SAB de CV A COM 02364W105 4,902 76,600 SH Sole 76,600 -
American Campus Communiti COM 024835100 55,782 1,904,500 SH Sole 1,877,100 27,400
American Electric Power C COM 025537101 29,307 636,000 SH Sole 636,000 -
American International Gr COM 026874107 14,825 219,137 SH Sole 219,137 -
American Tower Corporatio COM 029912201 544 12,500 SH Sole 12,500 -
Annaly Capital Management COM 035710409 24,682 1,549,385 SH Sole 1,549,385 -
Apartment Invt & Mgmt COM 03748R101 375,137 8,312,371 SH Sole 7,670,360 642,011
Archer Daniels Midland Co COM 039483102 9,999 302,279 SH Sole 302,279 -
AT&T Common COM 00206R102 54,390 1,285,504 SH Sole 1,285,504 -
Atmos Energy Corp Common COM 049560105 5,961 210,500 SH Sole 210,500 -
AvalonBay Communities Inc COM 053484101 405,296 3,432,967 SH Sole 3,183,008 249,959
Baker Hughes Inc Common COM 057224107 7,717 85,400 SH Sole 85,400 -
Bank of America Corp Comm COM 060505104 28,779 572,499 SH Sole 572,499 -
Becton Dickinson & Co COM 075887109 459 5,600 SH Sole 5,600 -
Bemis Co Common COM 081437105 1,979 68,000 SH Sole 68,000 -
BioMed Realty Trust Inc C COM 09063H107 219,272 9,098,448 SH Sole 8,301,638 796,810
Blackrock Corp HY Fund VI COM 09255P107 4,036 322,100 SH Sole 322,100 -
Blackrock Corporate High COM 09255L106 2,362 305,600 SH Sole 305,600 -
Blackrock Corporate High COM 09255N102 1,324 104,600 SH Sole 104,600 -
Blackrock Dividend Achiev COM 09250N107 464 33,278 SH Sole 33,278 -
Blackrock Global Enrg & R COM 09250U101 8,329 276,700 SH Sole 276,700 -
Blackrock Global Eq Inc T COM 09255D104 785 44,585 SH Sole 44,585 -
Blackrock Health Sciences COM 09250W107 4,864 183,900 SH Sole 183,900 -
Blackrock Inc. COM COM 09247X101 9,442 54,450 SH Sole 54,450 -
Blackrock International G COM 092524107 515 29,300 SH Sole 29,300 -
Blackrock Ltd Duration In COM 09249W101 - 1 SH Sole 1 -
Blackrock Pfd & Eq Adv Tr COM 092508100 9,268 490,618 SH Sole 490,618 -
Blackrock Real Asset Equi COM 09254B109 5,874 351,100 SH Sole 351,100 -
Blackrock Strat Dvd Achv COM 09249Y107 1,666 123,400 SH Sole 123,400 -
Boeing Co Common COM 097023105 10,735 102,243 SH Sole 102,243 -
Boston Properties Inc Com COM 101121101 784,285 7,548,476 SH Sole 6,900,246 648,230
Brandywine Realty Trust C COM 105368203 181,786 7,182,380 SH Sole 7,117,697 64,683
BRE Properties Inc Common COM 05564E106 265,956 4,755,174 SH Sole 4,105,874 649,300
Brookfield Properties Co COM 112900105 353,293 14,188,462 SH Sole 12,451,715 1,736,747
C&S REIT and Utility Inco COM 19247Y108 129 6,201 SH Sole 6,201 -
C&S Select Utility Fund C COM 19248A109 151 5,786 SH Sole 5,786 -
Calamos Convertible & Inc COM 12811P108 4,703 306,612 SH Sole 306,612 -
Calamos Global Total Retu COM 128118106 52 2,900 SH Sole 2,900 -
Calamos Strat Tot Return COM 128125101 19,872 1,337,300 SH Sole 1,337,300 -
Camden Property Trust Com COM 133131102 218,512 3,400,957 SH Sole 3,133,057 267,900
Capital And Inc Strat Fd COM 09256A109 4,073 193,200 SH Sole 193,200 -
Carnival Corp Common COM 143658300 3,097 63,950 SH Sole 63,950 -
CBL & Associates Properti COM 124830100 19,006 542,281 SH Sole 542,281 -
Cedar Shopping Centers In COM 150602209 88,593 6,504,700 SH Sole 6,414,900 89,800
CenterPoint Energy, Inc. COM 15189T107 834 52,000 SH Sole 52,000 -
Chevron Corp Common COM 166764100 14,714 157,230 SH Sole 157,230 -
China Mobile Ltd ADR COM 16941M109 6,936 84,550 SH Sole 84,550 -
Citigroup Inc Common COM 172967101 21,639 463,638 SH Sole 463,638 -
Citizens Communications C COM 17453B101 27,997 1,955,100 SH Sole 1,955,100 -
Cleco Corp Common COM 12561W105 12,842 508,200 SH Sole 508,200 -
Clough Global Allocation COM 18913Y103 2,260 109,600 SH Sole 109,600 -
Clough Global Equity Fund COM 18914C100 3,568 176,900 SH Sole 176,900 -
Clough Global Opportuniti COM 18914E106 15,916 907,385 SH Sole 907,385 -
CMS Energy Corp Common COM 125896100 431 25,600 SH Sole 25,600 -
CNOOC Ltd ADR COM 126132109 58 350 SH Sole 350 -
Coca-Cola Co/The Common COM 191216100 2,500 43,500 SH Sole 43,500 -
Colonial Properties Trust COM 195872106 116,329 3,391,520 SH Sole 3,367,620 23,900
Comerica Common COM 200340107 5,497 107,200 SH Sole 107,200 -
Comverge Common COM 205859101 424 12,900 SH Sole 12,900 -
ConocoPhillips Common COM 20825C104 12,180 138,770 SH Sole 138,770 -
Consolidated Edison Inc C COM 209115104 102,170 2,206,700 SH Sole 2,206,700 -
Constellation Energy Grou COM 210371100 24,184 281,900 SH Sole 281,900 -
Corning Inc Common COM 219350105 8,467 343,500 SH Sole 343,500 -
Corporate Office Properti COM 22002T108 3,360 80,700 SH Sole 80,700 -
Costco Wholesale Corp Com COM 22160K105 3,246 52,900 SH Sole 52,900 -
DCP Midstream Partners LP COM 23311P100 16,230 377,600 SH Sole 377,600 -
DCT Industrial Trust Comm COM 233153105 78,298 7,478,378 SH Sole 7,395,278 83,100
Developers Diversified Re COM 251591103 468,871 8,392,174 SH Sole 7,780,017 612,157
Devon Energy Corp Common COM 25179M103 12,419 149,273 SH Sole 149,273 -
Diageo PLC ADR COM 25243Q205 8,703 99,200 SH Sole 99,200 -
DiamondRock Hospitality C COM 252784301 81,106 4,658,600 SH Sole 4,589,900 68,700
Dividend Cap Real Inc All COM 25537T105 2,963 265,474 SH Sole 265,474 -
Dominion Resources Inc/VA COM 25746U109 57,510 682,200 SH Sole 682,200 -
Douglas Emmett Common COM 25960P109 61,598 2,490,788 SH Sole 2,230,180 260,608
Dow 30 Enhanced Preimium COM 260537105 5,615 315,972 SH Sole 315,972 -
Dow 30 Prem & Div Inc Fun COM 260582101 95 4,800 SH Sole 4,800 -
Dow Chemical Co/The Commo COM 260543103 7,277 169,000 SH Sole 169,000 -
DPL Inc Common COM 233293109 8,894 338,700 SH Sole 338,700 -
DREMAN/CLAYMORE CEF COM 26153R100 1,516 75,900 SH Sole 75,900 -
DTE Energy Co Common COM 233331107 94,783 1,956,700 SH Sole 1,956,700 -
Duke Energy Corp Common COM 26441C105 161,437 8,637,620 SH Sole 8,637,620 -
Duke Realty Corp Common COM 264411505 336 9,945 SH Sole 9,945 -
Duncan Energy Partners Co COM 265026104 3,371 147,900 SH Sole 147,900 -
DWS Glbl Commodities Stk COM 23338Y100 4,982 254,076 SH Sole 254,076 -
DWS RREEF Real Estate CEF COM 233384106 5,220 235,547 SH Sole 235,547 -
DWS RREEF Real Estate II COM 23338X102 7,659 455,900 SH Sole 455,900 -
Dynegy Inc Class A Common COM 26817G102 550 59,500 SH Sole 59,500 -
E.ON AG ADR COM 268780103 93,944 1,530,785 SH Sole 1,530,785 -
EastGroup Properties Inc COM 277276101 130,425 2,881,666 SH Sole 2,620,625 261,041
Eastman Chemical Company COM 277432100 2,336 35,000 SH Sole 35,000 -
Eaton Vance Enh Eqt Inc I COM 278277108 17,148 894,973 SH Sole 894,973 -
Eaton Vance Enhanced Eq I COM 278274105 4,154 213,661 SH Sole 213,661 -
Eaton Vance Ltd Duration COM 27828H105 1,314 80,000 SH Sole 80,000 -
Eaton Vance T/M Buy-Write COM 27828X100 4,966 252,470 SH Sole 252,470 -
Eaton Vance T/M Buy-Write COM 27828Y108 11,402 628,567 SH Sole 628,567 -
Eaton Vance TA Gl Div & I COM 27828S101 11,841 427,000 SH Sole 427,000 -
Eaton Vance Tax Man Glbl COM 27829C105 17,614 965,165 SH Sole 965,165 -
Eaton Vance Tax Man Glbl COM 27829F108 10,859 634,626 SH Sole 634,626 -
Eaton Vance Tax-Adv Dvd I COM 27828G107 12,557 436,900 SH Sole 436,900 -
Eaton Vance Tax-Mgd Dvsfi COM 27828N102 20,693 1,167,105 SH Sole 1,167,105 -
Edison International Comm COM 281020107 55,536 1,001,540 SH Sole 1,001,540 -
Education Realty Trust In COM 28140H104 54,580 4,042,968 SH Sole 3,942,068 100,900
EI Du Pont de Nemours &am COM 263534109 4,361 88,000 SH Sole 88,000 -
Eli Lilly and Co Common COM 532457108 4,794 84,200 SH Sole 84,200 -
Energy Income And Growth COM 292697109 3,004 121,100 SH Sole 121,100 -
Energy Transfer Partners COM 29273R109 14,682 300,550 SH Sole 300,550 -
EnergySouth Common COM 292970100 522 10,354 SH Sole 10,354 -
Enernoc Inc Common COM 292764107 649 17,000 SH Sole 17,000 -
Enhanced S&P 500 Covered COM 29332W107 89 5,000 SH Sole 5,000 -
Entergy Corp Common COM 29364G103 146,885 1,356,404 SH Sole 1,356,404 -
Enterprise Products Ptnrs COM 293792107 18,268 603,900 SH Sole 603,900 -
Entertainment Properties COM 29380T105 57,078 1,123,600 SH Sole 1,097,300 26,300
Equitable Resources Inc C COM 294549100 70,762 1,364,220 SH Sole 1,364,220 -
Equity Lifestyle Properti COM 29472R108 49,686 959,200 SH Sole 882,840 76,360
Equity One Inc Common COM 294752100 103,296 3,797,666 SH Sole 3,504,066 293,600
Equity Residential Common COM 29476L107 618,750 14,606,941 SH Sole 13,089,079 1,517,862
Essex Property Trust Inc COM 297178105 73,897 628,541 SH Sole 563,350 65,191
Evergreen Global Div Oppt COM 30024H101 11,879 650,900 SH Sole 650,900 -
Evergreen Util & High Inc COM 30034Q109 291 10,726 SH Sole 10,726 -
Exelon Corp Common COM 30161N101 189,749 2,517,902 SH Sole 2,517,902 -
Exterran Partners LP Comm COM 30225N105 6,592 206,000 SH Sole 206,000 -
Extra Space Storage Inc C COM 30225T102 114,008 7,407,977 SH Sole 6,614,077 793,900
Exxon Mobil Corp Common COM 30231G102 17,965 194,097 SH Sole 194,097 -
Fairpoint Communications COM 305560104 35,664 1,891,000 SH Sole 1,891,000 -
Federal Realty Invs Trust COM 313747206 262,739 2,965,465 SH Sole 2,602,230 363,235
Fiduciary/Claymore Mlp Op COM 31647Q106 3,718 162,661 SH Sole 162,661 -
Fifth Third Bancorp Commo COM 316773100 5,058 149,300 SH Sole 149,300 -
First Industrial Realty T COM 32054K103 33,926 872,800 SH Sole 872,800 -
First Potomac Realty Trus COM 33610F109 40,650 1,864,720 SH Sole 1,786,163 78,557
FirstEnergy Corp Common COM 337932107 101,869 1,608,270 SH Sole 1,608,270 -
Forest City Enterprises I COM 345550107 85,365 1,547,582 SH Sole 1,295,158 252,424
Fortress Investment Group COM 34958B106 6,164 289,100 SH Sole 289,100 -
FPL Group Inc Common COM 302571104 113,866 1,870,336 SH Sole 1,870,336 -
Franklin Templeton Ltd Du COM 35472T101 130 10,500 SH Sole 10,500 -
Freddie Mac Common COM 313400301 9,792 165,940 SH Sole 165,940 -
Gabelli Dividend & Income COM 36242H104 11,482 533,808 SH Sole 533,808 -
Gabelli Global Deal Fund COM 36245G103 819 47,800 SH Sole 47,800 -
General Dynamics Corp Com COM 369550108 15,113 178,919 SH Sole 178,919 -
General Electric Co Commo COM 369604103 19,223 464,330 SH Sole 464,330 -
General Growth Properties COM 370021107 324,955 6,060,337 SH Sole 4,787,669 1,272,668
General Mills Inc Common COM 370334104 2,268 39,100 SH Sole 39,100 -
Glimcher Realty Trust Com COM 379302102 127,326 5,418,134 SH Sole 5,343,734 74,400
GlobalSantaFe Corp Common COM G3930E101 10,994 144,620 SH Sole 144,620 -
GMH Communities Trust Com COM 36188G102 16,533 2,133,300 SH Sole 2,133,300 -
Goldman Sach Group, Inc. COM 38141G104 3,359 15,500 SH Sole 15,500 -
Gramercy Capital Corp/New COM 384871109 55,117 2,189,800 SH Sole 2,189,800 -
H & Q Life Sciences Invst COM 404053100 2,368 175,000 SH Sole 175,000 -
HCC Insurance Holdings In COM 404132102 18,091 631,681 SH Sole 631,681 -
Health Care Property Inve COM 40414L109 222,304 6,701,979 SH Sole 6,639,579 62,400
Health Care REIT Inc Comm COM 42217K106 199,842 4,517,212 SH Sole 4,482,183 35,029
Hewlett-Packard Co Common COM 428236103 4,116 82,674 SH Sole 82,674 -
Highland Credit Strategie COM 43005Q107 4,943 270,088 SH Sole 270,088 -
Highland Distressed Opprt COM 430067108 2,374 185,000 SH Sole 185,000 -
Highwoods Properties Inc COM 431284108 124,764 3,402,356 SH Sole 3,368,456 33,900
HJ Heinz Co Common COM 423074103 4,454 96,400 SH Sole 96,400 -
Home Properties Inc Commo COM 437306103 238,318 4,567,224 SH Sole 4,455,959 111,265
Hospitality Properties Tr COM 44106M102 134,212 3,301,664 SH Sole 3,259,764 41,900
Host Hotels & Resorts Com COM 44107P104 473,440 21,097,952 SH Sole 19,359,106 1,738,846
HRPT Properties Trust Com COM 40426W101 60,277 6,094,700 SH Sole 6,094,700 -
HSBC Holdings PLC ADR COM 404280406 8,473 91,500 SH Sole 91,500 -
ING Clarion Global Real E COM 44982G104 16,588 839,913 SH Sole 839,913 -
ING Clarion Real Estate I COM 449788108 3,808 249,700 SH Sole 249,700 -
ING Global Advntge & Prem COM 44982N109 6,655 324,300 SH Sole 324,300 -
ING Global Eqty Div & Pre COM 45684E107 3,630 186,844 SH Sole 186,844 -
ING Risk Managed Natural COM 449810100 10,174 550,831 SH Sole 550,831 -
Inland Real Estate Corp C COM 457461200 99,211 6,404,782 SH Sole 6,185,682 219,100
Integrys Energy Group Inc COM 45822P105 11,665 227,700 SH Sole 227,700 -
Intel Corp Common COM 458140100 8,487 328,201 SH Sole 328,201 -
International Business Ma COM 459200101 7,202 61,133 SH Sole 61,133 -
iStar Financial Inc Commo COM 45031U101 106,997 3,147,900 SH Sole 3,114,200 33,700
ITC Holdings Corp Common COM 465685105 25,043 505,400 SH Sole 505,400 -
JC Penney Co Inc Common COM 708160106 5,862 92,500 SH Sole 92,500 -
JM Smucker Company Common COM 832696405 278 5,200 SH Sole 5,200 -
John Han Bk & Thrift Opp COM 409735107 9,408 1,148,660 SH Sole 1,148,660 -
John Hancock T/A Dvd Inco COM 41013V100 14,341 758,400 SH Sole 758,400 -
Johnson & Johnson Common COM 478160104 15,127 230,236 SH Sole 230,236 -
Johnson Controls Common COM 478366107 1,819 15,400 SH Sole 15,400 -
JPMorgan Chase & Co C COM 46625H100 13,150 286,994 SH Sole 286,994 -
Kayne Anderson Energy Tot COM 48660P104 4,827 170,332 SH Sole 170,332 -
Kayne Anderson Mlp Invest COM 486606106 5,468 173,600 SH Sole 173,600 -
Keycorp Common COM 493267108 3,485 107,800 SH Sole 107,800 -
Kilroy Realty Corp Common COM 49427F108 184,128 3,036,903 SH Sole 2,682,191 354,712
Kimberly-Clark Corp Commo COM 494368103 3,864 55,000 SH Sole 55,000 -
Kimco Realty Corp Common COM 49446R109 23,881 528,247 SH Sole 488,947 39,300
Kinder Morgan Energy Part COM 494550106 13,762 278,592 SH Sole 278,592 -
Kraft Foods Inc Common COM 50075N104 9,502 275,326 SH Sole 275,326 -
LaSalle Hotel Properties COM 517942108 57,447 1,365,190 SH Sole 1,093,461 271,729
Leggett & Platt Common COM 524660107 3,426 178,800 SH Sole 178,800 -
Liberty All Star Equity F COM 530158104 3,093 376,286 SH Sole 376,286 -
Liberty Property Trust Co COM 531172104 495,501 12,322,829 SH Sole 11,746,749 576,080
LMP Cap & Inc CEF CEF COM 50208A102 10,553 533,259 SH Sole 533,259 -
Lockheed Martin Corp Comm COM 539830109 12,650 116,600 SH Sole 116,600 -
Macerich Co/The Common COM 554382101 682,976 7,798,309 SH Sole 6,844,370 953,939
Mack-Cali Realty Corp Com COM 554489104 350,444 8,526,573 SH Sole 8,244,081 282,492
Macquarie Global Infr Tot COM 55608D101 1,039 36,000 SH Sole 36,000 -
Macquarie/Ft Gl Int/Ut Dv COM 55607W100 1,592 60,000 SH Sole 60,000 -
Madison/Claymore Covered COM 556582104 1,931 147,489 SH Sole 147,489 -
Magellan Midstream Partne COM 559080106 5,288 132,100 SH Sole 132,100 -
Maguire Properties Inc Co COM 559775101 176,441 6,830,869 SH Sole 6,274,196 556,673
Masco Corp Common COM 574599106 2,672 115,300 SH Sole 115,300 -
McDonald's Corp Common COM 580135101 3,052 56,039 SH Sole 56,039 -
Medtronic Common COM 585055106 16,642 295,025 SH Sole 295,025 -
Merck and Co Inc Common COM 589331107 9,657 186,829 SH Sole 186,829 -
Merrill Lynch Common COM 590188108 4,298 60,300 SH Sole 60,300 -
MGIC Investment Corp Comm COM 552848103 2,042 63,200 SH Sole 63,200 -
Microchip Technology Inc COM 595017104 11,017 303,348 SH Sole 303,348 -
Microsoft Common COM 594918104 13,564 460,415 SH Sole 460,415 -
Mid-America Apartment Com COM 59522J103 134,942 2,706,982 SH Sole 2,565,482 141,500
Mirant Corp Common COM 60467R100 4,556 112,000 SH Sole 112,000 -
Mission West Properties C COM 605203108 31,385 2,583,141 SH Sole 2,516,541 66,600
Monsanto Co Common COM 61166W101 12,135 141,534 SH Sole 141,534 -
Morgan Stanley Common COM 617446448 6,842 108,600 SH Sole 108,600 -
Nasdaq Premium Income & G COM 63110R105 9,442 502,500 SH Sole 502,500 -
National City Corp Common COM 635405103 3,984 158,800 SH Sole 158,800 -
National Fuel Gas Co Comm COM 636180101 2,443 52,200 SH Sole 52,200 -
National Retail Propertie COM 637417106 22,776 934,200 SH Sole 934,200 -
Nationwide Health Propert COM 638620104 211,779 7,028,890 SH Sole 6,970,290 58,600
Neuberger Berman Dvd Adv COM 64127J102 3,791 165,700 SH Sole 165,700 -
Neuberger Berman Income O COM 64126L108 2,968 207,700 SH Sole 207,700 -
Neuberger Berman Real Est COM 64190A103 7,456 483,847 SH Sole 483,847 -
Neuberger Berman Realty I COM 64126G109 5,522 265,086 SH Sole 265,086 -
Newcastle Investment Corp COM 65105M108 44,928 2,549,808 SH Sole 2,538,308 11,500
Newell Rubbermaid Inc Com COM 651229106 2,075 72,000 SH Sole 72,000 -
NFJ Dvd Interest & Pr Str COM 65337H109 12,683 534,000 SH Sole 534,000 -
Nicholas Applegate Eq & C COM 65370K100 4,531 194,650 SH Sole 194,650 -
Nicholas-Applegate Conv. COM 65370G109 3,671 248,904 SH Sole 248,904 -
Nicholas-Applegate Intl & COM 65370C108 2,753 101,300 SH Sole 101,300 -
Nike Inc Common COM 654106103 13,429 228,937 SH Sole 228,937 -
Nokia OYJ ADR COM 654902204 3,512 92,600 SH Sole 92,600 -
Nordstrom Inc Common COM 655664100 7,124 151,940 SH Sole 151,940 -
Norfolk Southern Corporat COM 655844108 1,261 24,300 SH Sole 24,300 -
Northeast Utilities Commo COM 664397106 17,633 617,200 SH Sole 617,200 -
NRG Energy Common COM 629377508 14,759 349,000 SH Sole 349,000 -
NSTAR Common COM 67019E107 29,589 850,013 SH Sole 850,013 -
Nuveen Diversified Divide COM 6706EP105 5,885 351,126 SH Sole 351,126 -
Nuveen Equity Premium Inc COM 6706ER101 3,124 181,639 SH Sole 181,639 -
Nuveen Global Value Oppty COM 6706EH103 2,540 135,100 SH Sole 135,100 -
Nuveen Real Estate Income COM 67071B108 8,093 358,109 SH Sole 358,109 -
Nuveen Tax-Adv Tot Ret St COM 67090H102 1,956 75,500 SH Sole 75,500 -
OGE Energy Corp Common COM 670837103 6,074 183,500 SH Sole 183,500 -
Old Mutual Claymore Long- COM 68003N103 2,406 149,079 SH Sole 149,079 -
Omega Healthcare Investor COM 681936100 38,086 2,452,400 SH Sole 2,374,900 77,500
Oneok Inc Common COM 682680103 4,655 98,200 SH Sole 98,200 -
Paccar Inc Common COM 693718108 2,967 34,800 SH Sole 34,800 -
Parkway Properties Inc/Md COM 70159Q104 86,629 1,962,573 SH Sole 1,753,573 209,000
Pepco Holdings Inc Common COM 713291102 63,828 2,357,000 SH Sole 2,357,000 -
PepsiCo, Inc. COM 713448108 2,821 38,510 SH Sole 38,510 -
Petro-Canada Common COM 71644E102 7,311 127,400 SH Sole 127,400 -
Pfizer Inc Common COM 717081103 14,677 600,734 SH Sole 600,734 -
PG&E Corp Common COM 69331C108 110,241 2,306,307 SH Sole 2,306,307 -
PIMCO Corporate Opportuni COM 72201B101 2,589 173,742 SH Sole 173,742 -
PIMCO Global StocksPLUS & COM 722011103 1,323 53,800 SH Sole 53,800 -
Pinnacle West Capital Cor COM 723484101 40,304 1,020,100 SH Sole 1,020,100 -
Pioneer High Income Trust COM 72369H106 53 3,190 SH Sole 3,190 -
Pitney Bowes Inc Common COM 724479100 4,451 98,000 SH Sole 98,000 -
Plum Creek Timber co Comm COM 729251108 32,470 725,423 SH Sole 724,723 700
PNC Financial Services Gr COM 693475105 524 7,700 SH Sole 7,700 -
PNM Resources Common COM 69349H107 559 24,000 SH Sole 24,000 -
Post Properties Inc Commo COM 737464107 21,215 548,220 SH Sole 490,662 57,558
PPG Industries Inc Common COM 693506107 2,365 31,300 SH Sole 31,300 -
PPL Corp Common COM 69351T106 64,925 1,402,278 SH Sole 1,402,278 -
Procter & Gamble Co C COM 742718109 18,392 261,476 SH Sole 261,476 -
Progress Energy Inc Commo COM 743263105 92,746 1,979,650 SH Sole 1,979,650 -
Prologis Common COM 743410102 449,290 6,771,510 SH Sole 6,045,920 725,590
PS Business Parks Inc Com COM 69360J107 80,318 1,412,793 SH Sole 1,161,804 250,989
Public Service Enterprise COM 744573106 129,560 1,472,443 SH Sole 1,472,443 -
Public Storage Inc Common COM 74460D109 537,279 6,831,269 SH Sole 6,042,649 788,620
Public Storage Inc Series COM 74460D729 21,398 826,200 SH Sole 802,400 23,800
Questar Corp Common COM 748356102 592 11,278 SH Sole 11,278 -
Quicksilver Gas Services COM 74839G106 447 18,000 SH Sole 18,000 -
Ramco-Gershenson Properti COM 751452202 47,491 1,520,200 SH Sole 1,450,800 69,400
Real Estate Income Fund C COM 50208C108 6,224 315,315 SH Sole 315,315 -
Reaves Utility Inc CEF COM 756158101 3,061 121,000 SH Sole 121,000 -
Regency Centers Corp Comm COM 758849103 139,293 1,814,892 SH Sole 1,624,097 190,795
Rio Tinto Plc ADR ADR COM 767204100 34 100 SH Sole 100 -
Royce Value Trust CEF COM 780910105 193 10,000 SH Sole 10,000 -
RR Donnelley & Sons Co Co COM 257867101 1,971 53,900 SH Sole 53,900 -
SB Emerging Markets Debt COM 95766A101 446 25,000 SH Sole 25,000 -
SCANA Corp Common COM 80589M102 6,082 157,000 SH Sole 157,000 -
Schlumberger LTD Common COM 806857108 10,930 104,098 SH Sole 104,098 -
SemGroup Energy Partners COM 81662W108 5,073 175,000 SH Sole 175,000 -
Sempra Energy Common COM 816851109 24,938 429,068 SH Sole 429,068 -
Senior Housing Prop Trust COM 81721M109 153,894 6,976,120 SH Sole 6,835,620 140,500
Sierra Pacific Resources COM 826428104 1,159 73,700 SH Sole 73,700 -
Simon Property Group Inc COM 828806109 788,556 7,885,553 SH Sole 6,508,007 1,377,546
SL Green Realty Corp Comm COM 78440X101 457,295 3,916,211 SH Sole 3,442,368 473,843
Small Cap Prem & Div Inc COM 83165P101 266 15,000 SH Sole 15,000 -
Sonoco Products Common COM 835495102 1,778 58,900 SH Sole 58,900 -
Source Capital Inc CEF COM 836144105 707 11,000 SH Sole 11,000 -
South Jersey Industries C COM 838518108 626 18,000 SH Sole 18,000 -
Southern Union Co Common COM 844030106 943 30,300 SH Sole 30,300 -
Sovran Self Storage Inc C COM 84610H108 138,711 3,026,008 SH Sole 2,952,908 73,100
Spectra Energy Corp Commo COM 847560109 88,638 3,620,860 SH Sole 3,620,860 -
Starwood Hotels & Resorts COM 85590A401 276,970 4,559,176 SH Sole 3,974,189 584,987
Strategic Hotel Capital I COM 86272T106 212,792 10,334,689 SH Sole 9,679,989 654,700
Sunamerica Focused Alpha COM 867037103 7,655 372,500 SH Sole 372,500 -
Sunstone Hotel Investors COM 867892101 110,670 4,316,279 SH Sole 3,727,255 589,024
Supervalu Common COM 868536103 2,941 75,400 SH Sole 75,400 -
Targa Resources Partners COM 87611X105 11,397 393,000 SH Sole 393,000 -
Taubman Centers Inc Commo COM 876664103 84,533 1,543,976 SH Sole 1,168,258 375,718
Teco Energy Common COM 872375100 10,252 624,000 SH Sole 624,000 -
Teva Pharmaceutical ADR COM 881624209 11,250 252,984 SH Sole 252,984 -
The Southern Co Common COM 842587107 135,547 3,736,124 SH Sole 3,736,124 -
Thomas Properties Group I COM 884453101 18,044 1,503,702 SH Sole 905,502 598,200
Time Warner Common COM 887317105 12,761 695,089 SH Sole 695,089 -
Total SA Spon ADR COM 89151E109 36 450 SH Sole 450 -
TXU Corp Common COM 873168108 47,859 698,980 SH Sole 698,980 -
U-Store-It Trust Common COM 91274F104 70,574 5,346,515 SH Sole 4,872,882 473,633
UDR INC Common COM 902653104 344,990 14,185,450 SH Sole 13,051,800 1,133,650
United Parcel Service Inc COM 911312106 14,386 191,560 SH Sole 191,560 -
United Technologies Corpo COM 913017109 3,016 37,473 SH Sole 37,473 -
Urstadt Biddle Properties COM 917286205 30,166 1,949,977 SH Sole 1,864,877 85,100
US Bancorp Common COM 902973304 14,921 458,700 SH Sole 458,700 -
Valero Energy Corp Common COM 91913Y100 2,781 41,400 SH Sole 41,400 -
Vectren Corp Common COM 92240G101 19,435 712,167 SH Sole 712,167 -
Ventas Inc Common COM 92276F100 370,477 8,948,740 SH Sole 8,746,488 202,252
Verizon Communications In COM 92343V104 51,107 1,154,186 SH Sole 1,154,186 -
VF Corp Common COM 918204108 2,213 27,400 SH Sole 27,400 -
Vornado Realty Trust Comm COM 929042109 788,539 7,211,138 SH Sole 6,751,835 459,303
Wachovia Corp Common COM 929903102 10,471 208,800 SH Sole 208,800 -
Washington Mututal Inc. C COM 939322103 5,402 153,000 SH Sole 153,000 -
Washington Real Estate In COM 939653101 44,398 1,338,095 SH Sole 1,298,395 39,700
Waste Management Inc Comm COM 94106L109 2,427 64,300 SH Sole 64,300 -
Weingarten Realty Investo COM 948741103 136,058 3,281,721 SH Sole 2,904,509 377,212
Wells Fargo & Co Common COM 949746101 22,789 639,787 SH Sole 639,787 -
Western Asset Emerging Mk COM 95766E103 782 60,000 SH Sole 60,000 -
Western Asset High Income COM 95766J102 3,817 350,174 SH Sole 350,174 -
Western Asset Managed Inc COM 95766K109 1,845 285,100 SH Sole 285,100 -
Western Asset Opportunity COM 95766L107 4,057 654,287 SH Sole 654,287 -
Williams Cos Inc Common COM 969457100 1,747 51,300 SH Sole 51,300 -
Windstream Corp Common COM 97381W104 9,418 667,000 SH Sole 667,000 -
Wisconsin Energy Group Co COM 976657106 2,071 46,000 SH Sole 46,000 -
Worthington Industries Co COM 981811102 6,957 295,300 SH Sole 295,300 -
Xcel Energy Inc Common COM 98389B100 68,166 3,164,603 SH Sole 3,164,603 -
Yum! Brands Common COM 988498101 13,541 400,293 SH Sole 400,293 -
Barclays Bank PLC 6.625% PER 06739F390 2,003 82,800 SH Sole 82,800 -
Entergy 7.625% CV PER 29364G202 4,345 65,000 SH Sole 65,000 -
HSBC Holdings PLC 6.20% ( PER 404280604 474 21,100 SH Sole 21,100 -
Prudential PLC 6.52% (PUK PER G7293H189 600 25,900 SH Sole 25,900 -
Royal Bank of Scotland Pf PER 780097879 686 27,450 SH Sole 27,450 -
Teekay LNG Partners LP Co PRTNRS Y8564M105 6,063 179,700 SH Sole 179,700 -
Teekay Offshore Partners PRTNRS Y8565J101 6,094 214,200 SH Sole 214,200 -
Williams Partners LP Comm COM UNIT 96950F104 35,407 856,900 SH Sole 856,900 -
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362 Data Records
19,733,968 Value Total
01 Other Manager on whose behalf report is filed