Cohen & Steers Capital Management, Inc. FORM 13F June 30, 2005 Title Value Shares/ Sh/ Name of Issuer class CUSIP (x$1000) Prn Amt Prn ---------------------- ------ --------- -------- -------- --- AGL Resources COM 001204106 22,154 573,196 SH AMB Property Corp. COM 00163T109 178,613 4,112,659 SH Abbott Laboratories COM 002824100 1,742 35,550 SH Affordable Residential Communities COM 008273104 78,704 5,895,440 SH Alexandria Real Estate COM 015271109 2,878 39,193 SH Alltel Corp COM 020039103 1,763 28,300 SH Altria Group Inc COM 02209S103 4,032 62,350 SH Ameren Corp COM 023608102 134,912 2,439,644 SH American Campus Communities COM 024835100 43,262 1,907,500 SH American Electric Power Co COM 025537101 26,064 706,908 SH American Financial Realty Tr COM 02607P305 149,784 9,738,865 SH Amli Residential COM 001735109 106,553 3,408,600 SH Amsouth Bancorporation COM 032165102 3,944 151,700 SH Apartment Investment COM 03748R101 173,298 4,235,028 SH Archstone-Smith Tr. COM 039583109 342,202 8,860,750 SH Arden Realty COM 039793104 369,136 10,259,461 SH Atmos Energy Corp COM 049560105 6,194 215,058 SH AvalonBay Comm. COM 053484101 412,344 5,103,275 SH Avery Dennison Corp. COM 053611109 1,414 26,700 SH BRE Properties COM 05564E106 160,682 3,839,478 SH Bank of America Corp. COM 060505104 4,748 104,100 SH Bedford Ppty Invs COM 076446301 4,514 196,100 SH Bellsouth Corp COM 079860102 4,947 186,200 SH Bemis Company COM 081437105 1,330 50,100 SH BioMed Property Trust COM 09063H107 55,587 2,330,695 SH Boston Properties COM 101121101 494,892 7,069,884 SH Brandywine Realty Tr. COM 105368203 228,432 7,452,915 SH Brookfield Properties COM 112900105 230,306 7,996,736 SH CBL & Associates COM 124830100 68,268 1,585,061 SH CINergy Corp COM 172474108 118,979 2,654,595 SH CMS Energy Corp COM 125896100 789 52,400 SH CRT Properties COM 22876P109 53,249 1,950,500 SH Camden Ppty Trust COM 133131102 84,954 1,580,535 SH CarrAmerica Realty COM 144418100 281,228 7,773,024 SH Catellus Development COM 149113102 97,482 2,971,998 SH Cedar Shopping Centers Inc. COM 150602209 43,934 2,978,600 SH ChevronTexaco Corp. COM 166764100 3,076 55,000 SH Citigroup Inc COM 172967101 1,470 31,800 SH Cleco Corporation COM 12561W105 11,493 532,816 SH Coca Cola Co. COM 191216100 1,553 37,200 SH Colonial Property Tr COM 195872106 128,678 2,924,500 SH Commercial Net Lease COM 202218103 30,711 1,500,300 SH Consolidated Edison Inc COM 209115104 107,149 2,287,548 SH Constellation Energy Group COM 210371100 3,375 58,500 SH Crescent Real Estate COM 225756105 34,622 1,846,500 SH DPL Inc. COM 233293109 15,196 553,600 SH DTE Energy Co COM 233331107 105,994 2,266,286 SH Developers Divers. COM 251591103 146,861 3,195,411 SH Diamondrock Hospitality Company COM 252784301 28,769 2,545,900 SH Digital Realty Trust Inc. COM 253868103 6,222 358,000 SH Dominion Resources Inc COM 25746U109 54,715 745,544 SH Dow Chemical Co COM 260543103 1,367 30,700 SH Du Pont El de Nemours COM 263534109 2,611 60,700 SH Duke Energy Corporation COM 264399106 139,870 4,704,692 SH Duke Realty Corp COM 264411505 73,679 2,327,220 SH E.ON AG-Spons ADR COM 268780103 36,955 1,248,074 SH Eastgroup Properties COM 277276101 973 23,100 SH Edison International COM 281020107 80,295 1,980,140 SH Education Realty Trust COM 28140H104 55,467 3,031,000 SH El Paso Electric Co COM 283677854 254 12,400 SH Eli Lilly and Company COM 532457108 3,220 57,800 SH Emerson Electric Co COM 291011104 1,384 22,100 SH Enel SpA -Spon ADR COM 29265W108 15,285 352,100 SH Energen Corp COM 29265N108 1,826 52,106 SH Energy East Corp COM 29266M109 24,105 831,780 SH Entergy Corp COM 29364G103 92,270 1,221,304 SH Entertainment Properties COM 29380T105 2,567 55,800 SH Equitable Resources Inc COM 294549100 58,100 854,410 SH Equity Inns Inc COM 294703103 22,684 1,705,600 SH Equity Office Pptys COM 294741103 641,219 19,372,192 SH Equity Residential COM 29476L107 282,958 7,684,887 SH Essex Property Tr. COM 297178105 113,176 1,362,583 SH Exelon Corp COM 30161N101 127,473 2,483,397 SH Extra Space Storage Inc. COM 30225T102 52,948 3,694,900 SH FPL Group Inc COM 302571104 69,236 1,646,136 SH Fairpoint Communicationss Inc COM 305560104 29,070 1,800,000 SH Federal Realty Inv. COM 313747206 97,935 1,659,907 SH First Horizon National Corp. COM 320517105 4,309 102,100 SH First Industrial Rlty COM 32054K103 171,067 4,287,400 SH FirstEnergy Corp COM 337932107 40,939 850,955 SH Forest City Enterprises COM 345550107 14,931 210,300 SH GMH Communities Trust COM 36188G102 62,571 4,517,730 SH Gables Residential Tr COM 362418105 40,710 941,700 SH General Electric COM 369604103 1,580 45,600 SH General Growth COM 370021107 246,970 6,010,451 SH General Mills Inc COM 370334104 1,521 32,500 SH Glimcher Realty Tr COM 379302102 137,715 4,962,700 SH HJ Heinz Company COM 423074103 3,053 86,200 SH HRPT Properties Tr. COM 40426W101 126,177 10,151,000 SH Hawaiian Electric Industries COM 419870100 23,188 864,904 SH Health Care Ppty COM 421915109 232,498 8,598,300 SH Health Care REIT COM 42217K106 185,206 4,913,925 SH Healthcare Rlty Tr. COM 421946104 71,629 1,855,200 SH Heritage Property Investment COM 42725M107 153,955 4,396,200 SH Highwoods Properties COM 431284108 99,074 3,329,110 SH Hilton Hotels Corp COM 432848109 101,720 4,264,969 SH Home Properties COM 437306103 155,194 3,607,500 SH Hospitality Pptys Tr COM 44106M102 154,818 3,513,000 SH Host Marriott COM 44107P104 233,506 13,343,190 SH Inland Real Estate Corp COM 457461200 52,770 3,281,700 SH Kerr McGee Corp. COM 492386107 1,463 19,172 SH KeyCorp COM 493267108 4,740 143,000 SH Keyspan Corp COM 49337W100 52,993 1,302,037 SH Kilroy Realty COM 49427F108 158,813 3,344,128 SH Kimberly-Clark Corp. COM 494368103 3,004 48,000 SH Kimco Realty Corp. COM 49446R109 5,279 89,610 SH Lexington Corporate COM 529043101 49,981 2,056,000 SH Liberty Property Tr COM 531172104 295,916 6,678,311 SH Macerich COM 554382101 366,986 5,473,311 SH Mack-Cali Realty COM 554489104 302,957 6,687,788 SH Maguire Properties COM 559775101 183,908 6,489,330 SH Marathon Oil Corp. COM 565849106 3,912 73,300 SH Mid-America Apartment Communities COM 59522J103 82,133 1,808,300 SH Mills Corp COM 601148109 367,227 6,040,906 SH Mission West COM 605203108 20,862 2,031,400 SH National City Corp. COM 635405103 4,555 133,500 SH National Grid Transco-ADR COM 636274300 40,891 838,447 SH Nationwide Health COM 638620104 192,308 8,145,200 SH New Jersey Resources Corp COM 646025106 484 10,027 SH New Plan Excel Rlty COM 648053106 87,398 3,216,710 SH Newcastle Investment Corporation COM 65105M108 162,472 5,388,776 SH Newell Rubbermaid Inc. COM 651229106 5,045 211,600 SH NiSource Inc COM 65473P105 10,428 421,681 SH Nstar COM 67019E107 26,742 867,400 SH Omega Healthcare COM 681936100 4,158 323,300 SH Oneok Inc COM 682680103 3,572 109,400 SH PG&E Corp COM 69331C108 92,754 2,470,807 SH PPG Industries Inc. COM 693506107 1,406 22,400 SH PPL Corp COM 69351T106 51,004 858,939 SH Pan Pacific COM 69806L104 136,081 2,050,037 SH Pennsylvania REIT COM 709102107 19,029 400,600 SH Pepco Holdings Inc COM 713291102 58,826 2,457,210 SH Pfizer Inc. COM 717081103 3,595 130,350 SH Pinnacle West Capital Corp COM 723484101 54,765 1,232,050 SH Pitney Bowes Inc COM 724479100 1,502 34,500 SH Post Properties COM 737464107 132,753 3,676,348 SH Prentiss Properties COM 740706106 238,582 6,547,250 SH ProLogis COM 743410102 314,465 7,814,731 SH Progress Energy Inc COM 743263105 58,189 1,286,234 SH PS Business Parks Inc. COM 69360J107 125 2,811 SH Public Service Enterprise Group COM 744573106 109,923 1,807,343 SH Public Storage Inc. COM 74460D109 215,868 3,412,941 SH Public Storage-Series A COM 74460D729 23,423 826,200 SH Puget Energy Inc COM 745310102 6,555 280,365 SH Questar Corp COM 748356102 2,777 42,139 SH RR Donnelley & Sons COM 257867101 3,341 96,800 SH Ramco-Gershenson COM 751452202 47,273 1,614,500 SH Reckson Assoc COM 75621K106 290,891 8,670,385 SH Regency Centers Corp COM 758849103 39,022 682,195 SH Regions Financial Corp COM 7591EP100 4,452 131,400 SH SL Green Realty COM 78440X101 150,559 2,334,249 SH Scana Corp Hldg Co. COM 80589M102 26,097 611,039 SH Scottish Power Plc-ADR COM 81013T705 12,429 349,117 SH Sempra Energy COM 816851109 12,673 306,768 SH Shurgard Storage COM 82567D104 204,859 4,457,345 SH Simon Property Group COM 828806109 514,066 7,091,545 SH Southern Co COM 842587107 134,507 3,879,624 SH Sovran Self Storage COM 84610H108 40,205 884,400 SH Spirit Finance Corp. COM 848568309 36,028 3,066,200 SH Starwood Hotels COM 85590A203 163,500 2,791,534 SH Strategic Hotel Capital COM 86272T106 51,455 2,858,600 SH Sun Communities COM 866674104 112,827 3,033,810 SH TXU Corp COM 873168108 45,836 551,640 SH Tanger Factory Ctrs COM 875465106 5,690 211,300 SH Taubman Centers COM 876664103 168,351 4,938,430 SH Teekay LNG Partners LP COM Y8564M105 4,408 156,300 SH Temple-Inland Inc COM 879868107 279 7,500 SH Thomas Properties Group COM 884453101 5,379 430,300 SH Town & Country COM 892081100 48,190 1,690,300 SH Trizec Properties COM 89687P107 37,816 1,838,395 SH United Domonion Realty Trust COM 910197102 46,645 46,645 SH U-Store-It Trust COM 91274F104 54,321 2,851,500 SH US Bancorp COM 902973304 4,508 154,400 SH UST Inc COM 902911106 2,822 61,800 SH Urstadt Biddle Class A COM 917286205 11,374 656,700 SH Vectren Corporation COM 92240G101 12,734 443,215 SH Ventas Inc. COM 92276F100 360,962 11,952,396 SH Verizon Communications COM 92343V104 4,657 134,800 SH Vornado Realty Tr. COM 929042109 540,785 6,726,185 SH Washington Mutual COM 939322103 4,679 115,000 SH Waste Management Inc COM 94106L109 2,417 85,300 SH Weingarten Realty COM 948741103 3,722 94,905 SH Westar Energy COM 95709T100 390 16,225 SH Weyerhaeuser Co COM 962166104 1,267 19,900 SH Whirlpool Corp COM 963320106 1,788 25,500 SH Worthington Industries Inc COM 981811102 2,135 135,100 SH Wyeth COM 983024100 1,789 40,200 SH Xcel Energy Inc COM 98389B100 71,248 3,650,003 SH iStar Financial COM 45031U101 157,352 3,783,400 SH Abbey Nat. ADR 7.375% (ANB C) PFD 002920809 12,983 493,264 SH Crescent Real Estate Pr.A PFD 225756204 54,164 2,541,700 SH Felcor Lodging Pr.A PFD 31430F200 5,919 242,300 SH Royal Bank of Scotland 6.35% (RBS N)PFD 780097770 5,074 200,000 SH Royal Bank of Scotland Pr.H PFD 780097879 1,429 55,600 SH DATA RECORDS 16,500,374 VOTING AUTHORITY ----------------- Put/ Invstmt Oth Call Dscretn Mgrs Sole Shared None ---- ------- --- ------ ------ ------ AGL Resources Sole 573,196 0 0 AMB Property Corp. Shared 3,789,050 33,709 289,900 Abbott Laboratories Sole 35,550 0 0 Affordable Residential Communities Sole 5,680,240 0 215,200 Alexandria Real Estate Shared 35,200 3,993 Alltel Corp Sole 28,300 0 0 Altria Group Inc Sole 62,350 0 0 Ameren Corp Sole 2,439,644 0 0 American Campus Communities Sole 1,907,500 0 0 American Electric Power Co Sole 706,908 0 0 American Financial Realty Tr Sole 9,398,065 0 340,800 Amli Residential Sole 3,408,600 0 0 Amsouth Bancorporation Sole 151,700 0 0 Apartment Investment Shared 3,992,371 38,357 204,300 Archstone-Smith Tr. Shared 8,551,599 69,251 239,900 Arden Realty Shared 9,922,456 34,005 303,000 Atmos Energy Corp Sole 215,058 0 0 AvalonBay Comm. Shared 4,791,981 25,994 285,300 Avery Dennison Corp. Sole 26,700 0 0 BRE Properties Shared 3,504,806 24,072 310,600 Bank of America Corp. Sole 104,100 0 0 Bedford Ppty Invs Sole 102,300 0 93,800 Bellsouth Corp Sole 186,200 0 0 Bemis Company Sole 50,100 0 0 BioMed Property Trust Sole 2,128,195 0 202,500 Boston Properties Shared 6,574,812 36,172 458,900 Brandywine Realty Tr. Sole 7,410,215 0 42,700 Brookfield Properties Sole 7,323,786 0 672,950 CBL & Associates Shared 1,503,976 16,285 64,800 CINergy Corp Sole 2,654,595 0 0 CMS Energy Corp Sole 52,400 0 0 CRT Properties Sole 1,950,500 0 0 Camden Ppty Trust Shared 1,575,600 4,935 0 CarrAmerica Realty Shared 7,624,722 26,802 121,500 Catellus Development Sole 2,807,409 164,589 Cedar Shopping Centers Inc. Sole 2,978,600 0 0 ChevronTexaco Corp. Sole 55,000 0 0 Citigroup Inc Sole 31,800 0 0 Cleco Corporation Sole 532,816 0 0 Coca Cola Co. Sole 37,200 0 0 Colonial Property Tr Sole 2,924,500 0 0 Commercial Net Lease Sole 1,500,300 0 0 Consolidated Edison Inc Sole 2,287,548 0 0 Constellation Energy Group Sole 58,500 0 0 Crescent Real Estate Sole 1,846,500 0 0 DPL Inc. Sole 553,600 0 0 DTE Energy Co Sole 2,266,286 0 0 Developers Divers. Shared 3,058,411 8,800 128,200 Diamondrock Hospitality Company Sole 2,545,900 0 0 Digital Realty Trust Inc. Sole 358,000 0 0 Dominion Resources Inc Sole 745,544 0 0 Dow Chemical Co Sole 30,700 0 0 Du Pont El de Nemours Sole 60,700 0 0 Duke Energy Corporation Sole 4,704,692 0 0 Duke Realty Corp Shared 2,279,100 48,120 0 E.ON AG-Spons ADR Sole 1,248,074 0 0 Eastgroup Properties Sole 23,100 0 0 Edison International Sole 1,980,140 0 0 Education Realty Trust Sole 3,031,000 0 0 El Paso Electric Co Sole 12,400 0 0 Eli Lilly and Company Sole 57,800 0 0 Emerson Electric Co Sole 22,100 0 0 Enel SpA -Spon ADR Sole 352,100 0 0 Energen Corp Sole 52,106 0 0 Energy East Corp Sole 831,780 0 0 Entergy Corp Sole 1,221,304 0 0 Entertainment Properties Sole 55,800 0 0 Equitable Resources Inc Sole 854,410 0 0 Equity Inns Inc Sole 1,705,600 0 0 Equity Office Pptys Shared 18,815,935 144,757 411,500 Equity Residential Shared 7,223,724 95,563 365,600 Essex Property Tr. Sole 1,252,083 0 110,500 Exelon Corp Sole 2,483,397 0 0 Extra Space Storage Inc. Sole 3,627,700 0 67,200 FPL Group Inc Sole 1,646,136 0 0 Fairpoint Communicationss Inc Sole 1,800,000 0 0 Federal Realty Inv. Sole 1,561,407 0 98,500 First Horizon National Corp. Sole 102,100 0 0 First Industrial Rlty Sole 4,287,400 0 0 FirstEnergy Corp Sole 850,955 0 0 Forest City Enterprises Sole 141,300 0 69,000 GMH Communities Trust Sole 4,390,930 0 126,800 Gables Residential Tr Sole 941,700 0 0 General Electric Sole 45,600 0 0 General Growth Shared 5,663,073 63,078 284,300 General Mills Inc Sole 32,500 0 0 Glimcher Realty Tr Sole 4,962,700 0 0 HJ Heinz Company Sole 86,200 0 0 HRPT Properties Tr. Sole 10,151,000 0 0 Hawaiian Electric Industries Sole 864,904 0 0 Health Care Ppty Sole 8,598,300 0 0 Health Care REIT Sole 4,913,925 0 0 Healthcare Rlty Tr. Sole 1,855,200 0 0 Heritage Property Investment Sole 4,396,200 0 0 Highwoods Properties Sole 3,329,110 0 0 Hilton Hotels Corp Sole 3,884,769 0 380,200 Home Properties Shared 3,589,900 17,600 0 Hospitality Pptys Tr Sole 3,513,000 0 0 Host Marriott Shared 12,184,890 24,5001,133,800 Inland Real Estate Corp Sole 3,281,700 0 0 Kerr McGee Corp. Sole 19,172 0 0 KeyCorp Sole 143,000 0 0 Keyspan Corp Sole 1,302,037 0 0 Kilroy Realty Sole 3,126,928 0 217,200 Kimberly-Clark Corp. Sole 48,000 0 0 Kimco Realty Corp. Shared 59,500 30,110 0 Lexington Corporate Sole 2,056,000 0 0 Liberty Property Tr Shared 6,539,240 27,271 111,800 Macerich Shared 5,305,191 20,820 147,300 Mack-Cali Realty Shared 6,578,613 27,575 81,600 Maguire Properties Shared 6,231,630 7,500 250,200 Marathon Oil Corp. Sole 73,300 0 0 Mid-America Apartment Communities Sole 1,808,300 0 0 Mills Corp Sole 5,803,506 237,400 Mission West Sole 2,031,400 0 0 National City Corp. Sole 133,500 0 0 National Grid Transco-ADR Sole 838,447 0 0 Nationwide Health Sole 8,145,200 0 0 New Jersey Resources Corp Sole 10,027 0 0 New Plan Excel Rlty Shared 3,209,800 6,910 0 Newcastle Investment Corporation Sole 5,388,776 0 0 Newell Rubbermaid Inc. Sole 211,600 0 0 NiSource Inc Sole 421,681 0 0 Nstar Sole 867,400 0 0 Omega Healthcare Sole 323,300 0 0 Oneok Inc Sole 109,400 0 0 PG&E Corp Sole 2,470,807 0 0 PPG Industries Inc. Sole 22,400 0 0 PPL Corp Sole 858,939 0 0 Pan Pacific Shared 1,880,166 21,971 147,900 Pennsylvania REIT Sole 400,600 0 0 Pepco Holdings Inc Sole 2,457,210 0 0 Pfizer Inc. Sole 130,350 0 0 Pinnacle West Capital Corp Sole 1,232,050 0 0 Pitney Bowes Inc Sole 34,500 0 0 Post Properties Shared 3,440,038 24,810 211,500 Prentiss Properties Shared 6,456,607 25,243 65,400 ProLogis Shared 7,212,906 58,325 543,500 Progress Energy Inc Sole 1,286,234 0 0 PS Business Parks Inc. Shared 0 2,811 0 Public Service Enterprise Group Sole 1,807,343 0 0 Public Storage Inc. Shared 3,173,822 34,219 204,900 Public Storage-Series A Sole 826,200 0 0 Puget Energy Inc Sole 280,365 0 0 Questar Corp Sole 42,139 0 0 RR Donnelley & Sons Sole 96,800 0 0 Ramco-Gershenson Sole 1,614,500 0 0 Reckson Assoc Shared 8,361,465 45,520 263,400 Regency Centers Corp Sole 646,595 0 35,600 Regions Financial Corp Sole 131,400 0 0 SL Green Realty Shared 2,178,489 23,060 132,700 Scana Corp Hldg Co. Sole 611,039 0 0 Scottish Power Plc-ADR Sole 349,117 0 0 Sempra Energy Sole 306,768 0 0 Shurgard Storage Shared 4,090,919 18,526 347,900 Simon Property Group Shared 6,752,148 65,397 274,000 Southern Co Sole 3,879,624 0 0 Sovran Self Storage Sole 884,400 0 0 Spirit Finance Corp. Sole 3,066,200 0 0 Starwood Hotels Sole 2,443,334 0 348,200 Strategic Hotel Capital Sole 2,858,600 0 0 Sun Communities Sole 2,869,910 0 163,900 TXU Corp Sole 551,640 0 0 Tanger Factory Ctrs Sole 121,000 0 90,300 Taubman Centers Shared 4,531,373 29,557 377,500 Teekay LNG Partners LP Sole 156,300 0 0 Temple-Inland Inc Sole 7,500 0 0 Thomas Properties Group Sole 271,800 158,500 Town & Country Sole 1,690,300 0 0 Trizec Properties Sole 1,724,295 114,100 United Domonion Realty Trust Shared 0 46,645 U-Store-It Trust Sole 2,851,500 0 0 US Bancorp Sole 154,400 0 0 UST Inc Sole 61,800 0 0 Urstadt Biddle Class A Sole 656,700 0 0 Vectren Corporation Sole 443,215 0 0 Ventas Inc. Sole 11,558,896 0 393,500 Verizon Communications Sole 134,800 0 0 Vornado Realty Tr. Shared 6,393,967 37,218 295,000 Washington Mutual Sole 115,000 0 0 Waste Management Inc Sole 85,300 0 0 Weingarten Realty Shared 65,300 29,605 0 Westar Energy Sole 16,225 0 0 Weyerhaeuser Co Sole 19,900 0 0 Whirlpool Corp Sole 25,500 0 0 Worthington Industries Inc Sole 135,100 0 0 Wyeth Sole 40,200 0 0 Xcel Energy Inc Sole 3,650,003 0 0 iStar Financial Sole 3,783,400 0 0 Abbey Nat. ADR 7.375% (ANB C) Sole 493,264 0 0 Crescent Real Estate Pr.A Sole 2,541,700 0 0 Felcor Lodging Pr.A Sole 242,300 0 0 Royal Bank of Scotland 6.35% (RBS N) Sole 200,000 0 0 Royal Bank of Scotland Pr.H Sole 55,600 0 0 1 OTHER MANAGERS ON WHOSE BEHALF THIS REPORT IS FILED