Cohen & Steers Capital Management, Inc.
FORM 13F
December 31, 2004
Title of Value Shares/ Sh/
Name of Issuer class CUSIP (x$1000) Prn Amt Prn
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AGL Resources COM 001204106 9256 278463 SH
AMB Property Corp. COM 00163T109 122568 3034622 SH
Affordable Residential Communities COM 008273104 55766 3886100 SH
Alexanders Inc. COM 014752109 2064 9600 SH
Ameren Corp COM 023608102 135172 2695896 SH
American Campus Communities COM 024835100 22661 1007600 SH
American Electric Power Co COM 025537101 24418 711052 SH
Amli Residential COM 001735109 110957 3467400 SH
Apartment Investment COM 03748R101 66852 1734610 SH
Archstone-Smith Tr. COM 039583109 444439 11604164 SH
Arden Realty COM 039793104 352602 9347886 SH
Atmos Energy Corp COM 049560105 12739 465770 SH
AvalonBay Comm. COM 053484101 474139 6296668 SH
BRE Properties COM 05564E106 150334 3729458 SH
BioMed Property Trust COM 09063H107 31105 1400490 SH
Boston Properties COM 101121101 515007 7963610 SH
Brandywine Realty Tr. COM 105368203 222927 7585119 SH
Brookfield Properties COM 112900105 173954 4651188 SH
CBL & Associates COM 124830100 131883 1727348 SH
CINergy Corp COM 172474108 126822 3046414 SH
CRT Properties COM 22876P109 37250 1561200 SH
Camden Ppty Trust COM 133131102 113322 2222000 SH
Capital Trust COM 14052H506 13654 444600 SH
CarrAmerica Realty COM 144418100 265767 8053550 SH
Catellus Development COM 149113102 123632 4040272 SH
Cedar Shopping Centers Inc. COM 150602209 26010 1818900 SH
Cleco Corporation COM 12561W105 10294 508078 SH
Colonial Property Tr COM 195872106 108004 2750300 SH
Commercial Net Lease COM 202218103 30906 1500300 SH
Consolidated Edison Inc COM 209115104 111142 2540390 SH
Crescent Real Estate COM 225756105 74511 4080562 SH
DTE Energy Co COM 233331107 119452 2769590 SH
Developers Divers. COM 251591103 126346 2847556 SH
Dominion Resources Inc COM 25746U109 39337 580707 SH
Duke Energy Corporation COM 264399106 113551 4482874 SH
E.ON AG-Spons ADR COM 268780103 47809 525370 SH
Eastgroup Properties COM 277276101 15328 400000 SH
Edison International COM 281020107 1153 35995 SH
Energen Corp COM 29265N108 623 10575 SH
Energy East Corp COM 29266M109 20105 753566 SH
Entergy Corp COM 29364G103 76815 1136489 SH
Equitable Resources Inc COM 294549100 48106 793049 SH
Equity Inns Inc COM 294703103 23641 2013700 SH
Equity Office Pptys COM 294741103 450053 15455115 SH
Equity Residential COM 29476L107 295940 8179655 SH
Essex Property Tr. COM 297178105 95340 1137703 SH
Exelon Corp COM 30161N101 94537 2145147 SH
Extra Space Storage Inc. COM 30225T102 13597 1020000 SH
FPL Group Inc COM 302571104 37310 499126 SH
Federal Realty Inv. COM 313747206 93873 1817483 SH
First Industrial Rlty COM 32054K103 211930 5203300 SH
FirstEnergy Corp COM 337932107 50285 1272710 SH
Forest City Enterprises COM 345550107 6785 117900 SH
GMH Communities Trust COM 36188G102 44734 3172600 SH
Gables Residential Tr COM 362418105 172025 4806500 SH
General Growth COM 370021107 214196 5923550 SH
Glimcher Realty Tr COM 379302102 145284 5243000 SH
Gramercy Capital Corp COM 384871109 41200 2000000 SH
HRPT Properties Tr. COM 40426W101 102069 7955500 SH
Hawaiian Electric Industries COM 419870100 51896 1780324 SH
Health Care Ppty COM 421915109 269288 9725108 SH
Health Care REIT COM 42217K106 186379 4885425 SH
Heritage Property Investment COM 42725M107 146032 4550700 SH
Highwoods Properties COM 431284108 114294 4126125 SH
Hilton Hotels Corp COM 432848109 103802 4564712 SH
Home Properties COM 437306103 132479 3080900 SH
Hospitality Pptys Tr COM 44106M102 177261 3853500 SH
Host Marriott COM 44107P104 241670 13969382 SH
Inland Real Estate Corp COM 457461200 29115 1825400 SH
Keyspan Corp COM 49337W100 81742 2072040 SH
Kilroy Realty COM 49427F108 124845 2920357 SH
Kramont Realty Trust COM 50075Q107 82302 3517200 SH
LTC Properties COM 502175102 10453 525000 SH
Lexington Corporate COM 529043101 42103 1864600 SH
Liberty Property Tr COM 531172104 280446 6491812 SH
Macerich COM 554382101 379122 6036967 SH
Mack-Cali Realty COM 554489104 319120 6932865 SH
Maguire Properties COM 559775101 175970 6408225 SH
Mid-America Apartment Communities COM 59522J103 78244 1898200 SH
Mills Corp COM 601148109 441554 6925255 SH
Mission West COM 605203108 21614 2031400 SH
National Grid Transco-ADR COM 636274102 39764 828582 SH
Nationwide Health COM 638620104 183770 7737700 SH
New Plan Excel Rlty COM 648053106 86843 3206900 SH
Newcastle Investment Corporation COM 65105M108 163110 5132476 SH
NiSource Inc COM 65473P105 8092 355217 SH
Nstar COM 67019E107 16337 300968 SH
Omega Healthcare COM 681936100 2601 220400 SH
PG&E Corp COM 69331C108 1383 41555 SH
PPL Corp COM 69351T106 34218 642225 SH
Pan Pacific COM 69806L104 61106 974583 SH
Pennsylvania REIT COM 709102107 18357 428900 SH
Pepco Holdings Inc COM 713291102 54586 2560303 SH
Pinnacle West Capital Corp COM 723484101 66394 1495014 SH
Post Properties COM 737464107 127027 3639740 SH
Prentiss Properties COM 740706106 250177 6549132 SH
ProLogis COM 743410102 391121 9026569 SH
Progress Energy Inc COM 743263105 92938 2054343 SH
Public Service Enterprise Group COM 744573106 92409 1784992 SH
Public Storage Inc. COM 74460D109 160245 2874352 SH
Public Storage-Series A COM 74460D729 23720 826200 SH
Puget Energy Inc COM 745310102 21418 867134 SH
Questar Corp COM 748356102 561 10999 SH
Ramco-Gershenson COM 751452202 52203 1618700 SH
Reckson Assoc COM 75621K106 308985 9417405 SH
Regency Centers Corp COM 758849103 42493 767018 SH
SL Green Realty COM 78440X101 165435 2732210 SH
Scana Corp Hldg Co. COM 80589M102 8754 222181 SH
Scottish Power Plc-ADR COM 81013T705 11181 358817 SH
Sempra Energy COM 816851109 8523 232359 SH
Shurgard Storage COM 82567D104 172965 3930127 SH
Simon Property Group COM 828806109 500340 7736819 SH
Southern Co COM 842587107 139229 4153622 SH
Sovran Self Storage COM 84610H108 38996 925400 SH
Starwood Hotels COM 85590A203 184450 3158390 SH
Strategic Hotel Capital COM 86272T106 31959 1936900 SH
Summit Properties COM 866239106 78039 2396765 SH
Sun Communities COM 866674104 117405 2916900 SH
TXU Corp COM 873168108 33599 520431 SH
Taubman Centers COM 876664103 143835 4802501 SH
Thomas Properties Group COM 884453101 2609 204800 SH
Town & Country COM 892081100 47471 1718100 SH
Trizec Properties COM 89687P107 8122 429300 SH
U-Store-It Trust COM 91274F104 25607 1475900 SH
Urstadt Biddle Class A COM 917286205 10743 630100 SH
Vectren Corporation COM 92240G101 16106 600961 SH
Ventas Inc. COM 92276F100 291394 10630941 SH
Vornado Realty Tr. COM 929042109 596545 7835874 SH
Westar Energy COM 95709T100 565 24687 SH
Xcel Energy Inc COM 98389B100 55022 3023161 SH
iStar Financial COM 45031U101 176030 3889300 SH
Abbey Nat. ADR 7.375% (ANB B) PFD 002920700 2907 105700 SH
Abbey Nat. ADR 7.375% (ANB C) PFD 002920809 13343 493264 SH
Crescent Real Estate Pr.A PFD 225756204 61090 2740700 SH
Felcor Lodging Pr.A PFD 31430F200 8077 318500 SH
Royal Bank of Scotland Pr.H PFD 780097879 1423 55600 SH
Voting Authority
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Put/ Invstmt Other
Name of Issuer Call Dscretn Managers Sole Shared None
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AGL Resources Sole 278463
AMB Property Corp. Sole 2857822 176800
Affordable Residential Communities Sole 3793900 92200
Alexanders Inc. Sole 9600
Ameren Corp Sole 2695896
American Campus Communities Sole 1003200 4400
American Electric Power Co Sole 711052
Amli Residential Sole 3461500 5900
Apartment Investment Sole 1663210 71400
Archstone-Smith Tr. Sole 11365604 238560
Arden Realty Sole 9223672 124214
Atmos Energy Corp Sole 465770
AvalonBay Comm. Sole 6040984 255684
BRE Properties Sole 3526358 203100
BioMed Property Trust Sole 1346290 54200
Boston Properties Sole 7564722 398888
Brandywine Realty Tr. Sole 7508119 77000
Brookfield Properties Sole 4383488 267700
CBL & Associates Sole 1651848 75500
CINergy Corp Sole 3046414
CRT Properties Sole 1554400 6800
Camden Ppty Trust Sole 2220200 1800
Capital Trust Sole 444600
CarrAmerica Realty Sole 7920496 133054
Catellus Development Sole 3807483 232789
Cedar Shopping Centers Inc. Sole 1812900 6000
Cleco Corporation Sole 508078
Colonial Property Tr Sole 2746600 3700
Commercial Net Lease Sole 1500300
Consolidated Edison Inc Sole 2540390
Crescent Real Estate Sole 4077562 3000
DTE Energy Co Sole 2769590
Developers Divers. Sole 2739374 108182
Dominion Resources Inc Sole 580707
Duke Energy Corporation Sole 4482874
E.ON AG-Spons ADR Sole 525370
Eastgroup Properties Sole 398700 1300
Edison International Sole 35995
Energen Corp Sole 10575
Energy East Corp Sole 753566
Entergy Corp Sole 1136489
Equitable Resources Inc Sole 793049
Equity Inns Inc Sole 2006700 7000
Equity Office Pptys Sole 15200217 254898
Equity Residential Sole 7820355 359300
Essex Property Tr. Sole 1072903 64800
Exelon Corp Sole 2145147
Extra Space Storage Inc. Sole 1014100 5900
FPL Group Inc Sole 499126
Federal Realty Inv. Sole 1714883 102600
First Industrial Rlty Sole 5199100 4200
FirstEnergy Corp Sole 1272710
Forest City Enterprises Sole 117900
GMH Communities Trust Sole 3097100 75500
Gables Residential Tr Sole 4801800 4700
General Growth Sole 5637150 286400
Glimcher Realty Tr Sole 5235800 7200
Gramercy Capital Corp Sole 2000000
HRPT Properties Tr. Sole 7955500
Hawaiian Electric Industries Sole 1780324
Health Care Ppty Sole 9716100 9008
Health Care REIT Sole 4882425 3000
Heritage Property Investment Sole 4545500 5200
Highwoods Properties Sole 4049825 76300
Hilton Hotels Corp Sole 4253912 310800
Home Properties Sole 3074600 6300
Hospitality Pptys Tr Sole 3848100 5400
Host Marriott Sole 13074782 894600
Inland Real Estate Corp Sole 1816100 9300
Keyspan Corp Sole 2072040
Kilroy Realty Sole 2826157 94200
Kramont Realty Trust Sole 3510000 7200
LTC Properties Sole 525000
Lexington Corporate Sole 1859300 5300
Liberty Property Tr Sole 6379370 112442
Macerich Sole 5889349 147618
Mack-Cali Realty Sole 6846365 86500
Maguire Properties Sole 6276925 131300
Mid-America Apartment Communities Sole 1895800 2400
Mills Corp Sole 6718955 206300
Mission West Sole 2031400
National Grid Transco-ADR Sole 828582
Nationwide Health Sole 7733500 4200
New Plan Excel Rlty Sole 3203200 3700
Newcastle Investment Corporation Sole 5132476
NiSource Inc Sole 355217
Nstar Sole 300968
Omega Healthcare Sole 214100 6300
PG&E Corp Sole 41555
PPL Corp Sole 642225
Pan Pacific Sole 928383 46200
Pennsylvania REIT Sole 424700 4200
Pepco Holdings Inc Sole 2560303
Pinnacle West Capital Corp Sole 1495014
Post Properties Sole 3485540 154200
Prentiss Properties Sole 6465032 84100
ProLogis Sole 8509069 517500
Progress Energy Inc Sole 2054343
Public Service Enterprise Group Sole 1784992
Public Storage Inc. Sole 2705452 168900
Public Storage-Series A Sole 826200
Puget Energy Inc Sole 867134
Questar Corp Sole 10999
Ramco-Gershenson Sole 1615500 3200
Reckson Assoc Sole 9227205 190200
Regency Centers Corp Sole 733718 33300
SL Green Realty Sole 2576210 156000
Scana Corp Hldg Co. Sole 222181
Scottish Power Plc-ADR Sole 358817
Sempra Energy Sole 232359
Shurgard Storage Sole 3742427 187700
Simon Property Group Sole 7416817 320002
Southern Co Sole 4153622
Sovran Self Storage Sole 923700 1700
Starwood Hotels Sole 2856190 302200
Strategic Hotel Capital Sole 1931100 5800
Summit Properties Sole 2270365 126400
Sun Communities Sole 2791100 125800
TXU Corp Sole 520431
Taubman Centers Sole 4569001 233500
Thomas Properties Group Sole 204800
Town & Country Sole 1714600 3500
Trizec Properties Sole 398200 31100
U-Store-It Trust Sole 1471000 4900
Urstadt Biddle Class A Sole 630100
Vectren Corporation Sole 600961
Ventas Inc. Sole 10456541 174400
Vornado Realty Tr. Sole 7575022 260852
Westar Energy Sole 24687
Xcel Energy Inc Sole 3023161
iStar Financial Sole 3884400 4900
Abbey Nat. ADR 7.375% (ANB B) Sole 105700
Abbey Nat. ADR 7.375% (ANB C) Sole 493264
Crescent Real Estate Pr.A Sole 2740700
Felcor Lodging Pr.A Sole 318500
Royal Bank of Scotland Pr.H Sole 55600
REPORT SUMMARY 137 DATA RECORDS 1543231 1 OTHER MANAGER ON WHOSE BEHALF REPORT
IS FILED