Cohen & Steers Ltd Duration Preferred & Income Fund, Inc. (LDP)
The Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP) is a closed-end investment vehicle dedicated to fixed income, initially established by Cohen & Steers, Inc., and now managed by Cohen & Steers Capital Management, Inc. This U.S.-domiciled fund, which commenced operations on May 1, 2012, pursues investment opportunities across global fixed income markets. Its strategy involves allocating capital primarily to companies within the financial industry, including banks, diversified financial services, real estate, and insurance sectors. The portfolio predominantly comprises a diverse range of preferred securities, such as floating-rate, fixed-to-floating-rate, traditional, and hybrid-preferred instruments, in addition to various debt and convertible securities. The fund employs derivatives, like interest rate swaps, to facilitate its investment objectives. Portfolio construction is grounded in fundamental analysis, with a keen focus on assessing the credit quality of issuers and responding to prevailing market dynamics. The fund measures its performance against two benchmarks: the BofA Merrill Lynch Capital Securities Index, and a composite index consisting of 75% BofA Merrill Lynch Capital Securities Index and 25% BofA Merrill Lynch 7% Constrained Adjustable Rate Preferred Securities Index.
Industry: Asset Management - Income
Cohen & Steers Limited Duration Preferred and Income Fund, Inc.
NYSE:LDPFinancial Services · Asset Management - Income
-0.11%$18.65
AH Close$18.65+0.00%vs close
AH Close$18.65+0.00%vs close
Mkt Cap$542.33M
Float29.08M
O/S29.08M
Inst Own29.8%
SI0.1%
Div Yield8.43%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$80.15M
Net Income$64.4M
Total Assets$972.81M
Free Cash Flow$30.15M
Debt & Equity
Debt 32%
Equity 68%
Total Debt$315M
Total Equity$655.21M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in LDP's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$972.81M
Liabilities$317.61M
Accounts Receivable$12.6M
Accounts Payable$1.42M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Revenue | $80.15M | $80.98M | $7.83M | $32.31M | $74.84M | $62.08M | $148.47M | -$57.96M | $107.2M | $67.62M | $59.74M | $63.01M | $63.82M |
| YoY Growth | -1.0% | 934.8% | -75.8% | -56.8% | 20.6% | -58.2% | -356.1% | -154.1% | 58.5% | 13.2% | -5.2% | -1.3% | - |
| Cost of Revenue | $7.5M | $7.34M | $7.12M | $7.73M | $8.56M | $8.1M | $8.36M | $8.48M | $8.72M | $8.2M | $8.3M | $11.76M | $11.82M |
| Gross Profit | $72.65M | $73.63M | $709K | $24.58M | $66.29M | $53.98M | $140.11M | -$66.45M | $98.48M | $59.41M | $51.45M | $51.25M | $52M |
| Gross Margin | 90.6% | 90.9% | 9.1% | 76.1% | 88.6% | 86.9% | 94.4% | 114.6% | 91.9% | 87.9% | 86.1% | 81.3% | 81.5% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $964K | $1.06M | $1.17M | $1.28M | $1.15M | $1.23M | $1.25M | $1.25M | $53K | $50K | $40K | $40K |
| Other | -$7.49M | $20K | $19K | $19K | $20K | $38.4M | $18K | $23K | $22K | -$840K | -$10.06M | $147K | $130K |
| Total Operating Expenses | -$7.49M | $984K | $1.08M | $1.19M | $1.3M | $39.56M | $1.25M | $1.27M | $1.27M | $840K | $10.06M | $187K | $170K |
| Operating Income (EBIT) | $80.14M | $104.01M | $57.36M | -$77.2M | $45.51M | $42.54M | $147.23M | -$50.22M | $112.05M | $58.57M | $41.39M | $51.06M | $51.82M |
| Operating Margin | 100.0% | 128.4% | 733.0% | -238.9% | 60.8% | 68.5% | 99.2% | 86.6% | 104.5% | 86.6% | 69.3% | 81.0% | 81.2% |
| Interest Expense | $15.79M | $18.73M | $18.54M | $8.12M | $2.87M | $4.22M | $9.66M | $9.02M | $6.12M | $4.15M | $3.42M | $29.69M | -$5.93M |
| Interest Income | $62.53M | $54.14M | $48.76M | $44.94M | $43.52M | $45.27M | $48.74M | $46.73M | $47.55M | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$15.74M | -$18.8M | -$18.42M | -$8.16M | -$2.93M | -$4.16M | $0 | -$9.02M | $6.07M | $848K | $324K | $29.69M | -$5.93M |
| Income Before Tax (EBT) | $64.4M | $85.21M | $38.94M | -$85.36M | $42.59M | $38.38M | $147.23M | -$59.24M | $105.93M | $59.42M | $41.71M | $80.75M | $45.89M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | -$53K | $0 | $0 | -$59.38M | $11.86M |
| Net Income | $64.4M | $85.21M | $38.94M | -$85.36M | $42.59M | $38.38M | $147.23M | -$59.24M | $105.93M | $59.42M | $41.71M | $140.13M | $34.03M |
| Net Income Margin | 80.4% | 105.2% | 497.6% | -264.2% | 56.9% | 61.8% | 99.2% | 102.2% | 98.8% | 87.9% | 69.8% | 222.4% | 53.3% |
| Supplementary Data | |||||||||||||
| EPS | 2.21 | 2.93 | 1.34 | -2.94 | 1.47 | 1.33 | 5.10 | -2.05 | 3.67 | 2.06 | 1.45 | 4.86 | 1.18 |
| Diluted EPS | 2.21 | 2.93 | 1.34 | -2.94 | 1.47 | 1.33 | 5.10 | -2.05 | 3.67 | 2.06 | 1.45 | 4.86 | 1.18 |
| Weighted Average OS | 29.08M | 29.08M | 29.06M | 29.08M | 29.04M | 28.92M | 28.86M | 28.84M | 28.83M | 28.83M | 28.83M | 28.83M | 28.83M |
| EBITDA | $80.19M | $104.01M | $57.36M | -$77.24M | $45.51M | $42.54M | $147.23M | -$50.22M | $112.05M | $73.13M | $37.97M | $110.44M | $39.96M |
| EBITDA Margin | 100.1% | 128.4% | 733.0% | -239.0% | 60.8% | 68.5% | 99.2% | 86.6% | 104.5% | 108.2% | 63.6% | 175.3% | 62.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $1.71M | $988K | $465K | $569K | $272K | $1.68M | $189K | $2.13M | $441K | $9.94M | $8.14M | $11.96M | $4.49M |
| Short-Term Investments | $11.3M | $17.52M | $19.77M | $15.71M | $20.71M | $0 | $0 | $0 | $20.48M | $10M | $6M | $0 | $0 |
| Cash and Short-Term Investments | $13.01M | $18.5M | $20.24M | $16.28M | $272K | $1.68M | $189K | $2.13M | $20.92M | $19.94M | $14.14M | $11.96M | $4.49M |
| Accounts Receivable | $12.6M | $11.86M | $14.97M | $11.87M | $10.73M | $14.62M | $13.68M | $11.59M | $13.1M | $16.38M | $10.68M | $0 | $10.64M |
| Inventory | $0 | $0 | $0 | $0 | $32.17M | $0 | $33.92M | $21.07M | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$11.86M | -$20.24M | -$16.28M | -$11M | -$16.31M | -$13.91M | -$21.07M | -$34.02M | -$36.32M | -$24.82M | $0 | $0 |
| Total Current Assets | $25.61M | $18.5M | $14.97M | $11.87M | $11M | $0 | $13.87M | $13.72M | $13.1M | $25.74M | $17.33M | $11.96M | $15.13M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $944.26M | $439K | $880.43M | $904.62M | $1.05B | $1.05B | $1.07B | $971.19M | $1.09B | $1.01B | $1.02B | $0 | $1.04B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $2.94M | $936.85M | $25.68M | $923.04M | $1.06B | $0 | $0 | -$971.19M | -$1.09B | $10M | $6M | $0 | -$1.04B |
| Total Long-Term Assets | $947.2M | $937.29M | $906.11M | $904.62M | $1.05B | $1.05B | $1.07B | $971.19M | $1.09B | $1.02B | $1.02B | $0 | $1.04B |
| Other Assets | $0 | -$1.87M | $0 | $6.71M | $6.04M | $1.07B | $3.21M | $3.31M | $4.15M | $6.85M | $5.05M | $0 | $10.44M |
| Total Assets | $972.81M | $953.92M | $921.08M | $923.2M | $1.07B | $1.07B | $1.08B | $988.21M | $1.1B | $1.05B | $1.05B | $0 | $1.07B |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $1.42M | $1.6M | $7.38M | $1.57M | $11.85M | $1.39M | $2.36M | $1.26M | $4.08M | $0 | $0 | $0 | $679K |
| Short-Term Debt | $0 | $0 | $5.51M | $0 | $315M | $315M | $315M | $0 | $315M | $315M | $315M | $0 | $315M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | -$303.15M | -$313.61M | -$312.64M | $0 | -$310.92M | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | -$615K | -$6.13M | -$609K | -$13.04M | -$3.52M | -$3.05M | -$1.33M | -$5.04M | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $2.05M | $1.6M | $7.38M | $1.57M | $11.85M | $0 | $2.36M | $1.26M | $4.08M | $315.67M | $315.66M | $0 | $315.68M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $315M | $315M | $315M | $315M | $315M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $562K | $801K | $1.67M | $2.13M | $0 | $0 | $0 | $0 | $0 | $316.26M | $316.75M | $0 | $315.93M |
| Total Long-Term Liabilities | $315.56M | $315.8M | $316.67M | $317.13M | $315M | $1.39M | $2.36M | $1.26M | $4.08M | $316.26M | $316.75M | $0 | $315.93M |
| Other Liabilities | $0 | $0 | $0 | $315.56M | $2.47M | $318.71M | $314.21M | $315.67M | $312.39M | -$314.6M | -$314.96M | $0 | -$306.45M |
| Total Liabilities | $317.61M | $317.4M | $324.05M | $318.7M | $329.32M | $318.71M | $318.93M | $318.18M | $320.54M | $317.33M | $317.45M | $0 | $325.16M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $684.63M | $681.22M | $679.01M | $682.94M | $684.18M | $679.08M | $679.83M | $688.63M | $688.66M | $687.8M | $685.51M | $0 | $0 |
| Retained Earnings | -$29.43M | -$44.7M | -$81.98M | -$78.44M | $51.67M | $72.55M | $83.73M | -$18.6M | -$561K | $1.12M | $237K | $0 | $5.69M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $72.55M | $83.73M | -$18.6M | $94.78M | $44.89M | $42.9M | $50.57M | $39.87M |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $94.78M | $44.89M | $42.9M | $50.57M | $735.22M |
| Total Equity | $655.21M | $636.52M | $597.03M | $604.5M | $735.86M | $751.63M | $763.56M | $670.03M | $782.89M | $733.81M | $728.65M | $50.57M | $740.91M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $972.81M | $953.92M | $921.08M | $923.2M | $1.07B | $1.07B | $1.08B | $988.21M | $1.1B | $1.05B | $1.05B | $50.57M | $1.07B |
| Supplementary Data | |||||||||||||
| Total Debt | $315M | $315M | $320.51M | $315M | $315M | $315M | $315M | $315M | $315M | $315M | $315M | $0 | $315M |
| Net Debt | $313.29M | $314.01M | $320.04M | $314.43M | $314.73M | $313.32M | $314.81M | $312.87M | $314.56M | $305.06M | $306.86M | -$11.96M | $310.51M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | $64.4M | $85.21M | $38.94M | -$85.36M | $42.59M | $38.38M | $147.23M | -$59.24M | $105.93M | $59.42M | $41.71M | $80.75M | $45.89M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | -$1.31M | $805K | -$335K | -$1.01M | $514K | $633K | -$375K | $0 | $0 | -$6.11M | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.12M | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3K | $0 | $0 | $0 |
| Other Working Capital | -$162K | -$271K | $71K | $363K | $853K | -$379K | -$1.08M | $2.5M | $1.49M | -$5.38M | -$2.22M | $0 | $0 |
| Total Working Capital Change | -$1.47M | $534K | -$264K | -$645K | $1.37M | $255K | -$1.45M | $2.5M | $1.49M | -$5.38M | -$2.22M | $6.65M | $8.69M |
| Other Non-Cash Items | -$32.78M | -$41.61M | -$4.15M | $143.86M | $2.84M | $14.53M | -$93.25M | $114.06M | -$62.67M | -$4.42M | $10.64M | -$25.04M | $7.55M |
| Net Cash from Operating | $30.15M | $44.13M | $34.53M | $57.86M | $46.8M | $53.17M | $52.52M | $57.32M | $44.76M | $49.63M | $50.14M | $62.36M | $62.13M |
| Investing Activities | |||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$467.19M | -$568.04M | -$422.73M | -$458.32M | -$512.77M | -$707.98M | -$468.95M | -$364.08M | -$380.49M | -$485.73M | -$483.92M | $0 | $0 |
| Sales of Investments | $476.39M | $565.91M | $437.58M | $436.56M | $509.17M | $728.61M | $496.54M | $357.18M | $391.16M | $493.1M | $487.41M | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $9.2M | -$2.13M | $14.84M | -$21.76M | -$3.6M | $20.64M | $27.59M | -$6.9M | $10.66M | $7.36M | $3.49M | $0 | $0 |
| Financing Activities | |||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$45.69M | -$45.74M | -$46.45M | -$57.36M | -$46.75M | -$50.62M | -$53.77M | -$56.49M | -$54.26M | -$53.99M | -$62.54M | -$54.89M | -$55.05M |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.01M |
| Net Cash from Financing | -$45.69M | -$45.74M | -$46.45M | -$57.36M | -$46.75M | -$50.62M | -$53.77M | -$56.49M | -$54.26M | -$53.99M | -$62.54M | -$54.89M | -$58.06M |
| Forex Effect | $7.07M | $4.27M | -$3.02M | $21.76M | $3.6M | -$20.64M | -$27.59M | $6.9M | -$10.66M | -$1.2M | $5.1M | $0 | $0 |
| Net Change in Cash | $723K | $524K | -$104K | $499K | $47K | $2.55M | -$1.24M | $827K | -$9.5M | $1.8M | -$3.82M | $7.47M | $4.07M |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $30.15M | $44.61M | $34.53M | $57.86M | $46.8M | $53.17M | $52.52M | $57.32M | $44.76M | $49.63M | $50.14M | $62.36M | $62.13M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $30.15M | $44.61M | $34.53M | $57.86M | $46.8M | $53.17M | $52.52M | $57.32M | $44.76M | $49.63M | $50.14M | $62.36M | $62.13M |
| Cash at Beginning | $988K | $5.91M | $569K | $6.77M | $6.73M | $4.18M | $5.42M | $4.59M | $9.94M | $8.14M | $11.96M | $4.49M | $0 |
| Cash at End | $1.71M | $4.77M | $465K | $7.27M | $6.77M | $6.73M | $4.18M | $5.42M | $441K | $9.94M | $8.14M | $11.96M | $4.07M |