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Cohen & Steers (Real Estate)

2022 Real Estate Top 150 ranking: 45

Putting recent commercial real estate debt headlines into perspective

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New York Community Bank (NYCB) posted a surprise fourth-quarter loss as it built reserves for commercial real estate (CRE) debt losses, and it cut its dividend by more than 70%, resulting in the greatest-ever-day-over-day decline for the stock (–38%).

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