Cohen & Steers

Cohen & Steers, Inc. is a holding company which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds. The company was founded by Martin Cohen and Robert Hamilton Steers in 1986 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2022

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Earnings data Q3 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Cohen & Steers reports Q4 earnings, eyes controlled investments in 2023

Cohen & Steers reported Q4 earnings with a slight decrease in earnings per share but a growth in assets under management. The firm is focusing on controlled investments in 2023, particularly in real estate and global markets.
Despite challenges like outflows and competition in the wealth channel, Cohen & Steers is capitalizing on market opportunities and gaining market share in the REIT space.

Cohen & Steers reports solid Q1 performance amidst market challenges

Cohen & Steers delivered solid Q1 performance with earnings of $0.76 per share and maintained a strong investment track record. Despite challenges like underperformance in certain sectors, the company is well-positioned to capitalize on opportunities in real estate debt lending and positive flows in REITs and preferred securities.
The company faces ongoing challenges from market volatility and a shift in economic outlook, necessitating strategic adjustments to navigate changing conditions. By leveraging its global presence and adaptability, Cohen & Steers aims to sustain growth and profitability amidst evolving macroeconomic dynamics.
With a focus on maintaining firm liquidity, engaging in strategic conversations, and exploring new revenue streams, Cohen & Steers demonstrates resilience and foresight in addressing challenges and seizing opportunities in the financial landscape.

Cohen & Steers reports Q2 earnings decline, eyes Asian expansion

Cohen & Steers faced a decrease in earnings but highlighted strong performance in major asset classes and the importance of real assets in portfolios. Challenges include expense management and outflows in the advisory channel, while opportunities lie in expanding into new markets and meeting growing demand in Asia.

Cohen & Steers reports Q3 challenges, strengths, and growth opportunities

Cohen & Steers faced challenges in Q3 with decreased earnings and AUM, yet maintained strong performance in preferred securities.
The company showcased strengths in private real estate investments and successful transitions to active mandates for excess returns.
Opportunities lie in market sectors like energy and infrastructure, with plans to leverage listed and private markets for portfolio enhancement.

Cohen & Steers reports Q4 earnings decline, eyes global real assets

Cohen & Steers navigated challenges of net outflows and lower earnings by focusing on investment performance and client-centric strategies.
Resilience in managing assets and commitment to client success position the company well for future growth.
Challenges in generating positive spreads and market dynamics require strategic adaptation and proactive risk management.
Opportunities in expanding investment universes and providing tailored advice offer avenues for enhancing client relationships and portfolio performance.

Cohen & Steers reports solid Q1 earnings, eyes wealth management growth

Cohen & Steers delivered solid financial results amidst market fluctuations. The company is focused on leveraging real assets in strategic asset allocation and addressing challenges in net outflows. Opportunities in wealth management expansion and real estate financing are key focus areas for growth.

Cohen & Steers reports resilient Q2 performance amidst market challenges

Cohen & Steers demonstrated solid financial performance in Q2, maintaining a competitive fee rate and delivering strong investment results. Despite facing net outflows and client challenges, the company remains focused on growth opportunities and strategic initiatives to navigate market shifts effectively.

Cohen & Steers reports strong Q3 earnings and eyes growth opportunities

Cohen & Steers delivered strong financial performance in Q3 2024, driven by robust AUM growth and positive investment market conditions.
While facing challenges such as margin impact and rising expenses, the firm is focused on capitalizing on opportunities in listed infrastructure and new investment initiatives.
Overall, Cohen & Steers remains well-positioned with a strong balance sheet, effective investment strategies, and a positive outlook for future growth.

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NEW YORK , Nov. 11, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $89.7 billion as of October 31, 2024, a decrease of $2.0 billion from assets under management of $91.8 billion at September 30, 2024. The decrease was due to market depreciation of $2.3 billion and distributions of $150 million, partially offset by net inflows of $454 million.

Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For October 2024

NEW YORK , Nov. 8, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today pending changes to its Global Realty Majors Portfolio Index (GRM) and International Realty Majors Portfolio Index (IRP), effective as of the close of business on November 15, 2024. Cohen & Steers Global Realty Majors Portfolio Index (GRM) Added component (symbol)     Removed component (symbol) Charter Hall Group (CHC.AU) Daiwa House REIT Investment Corp. (8984.JP) Cohen & Steers International Realty Majors Portfolio Index (IRP) Added component (symbol)     Removed component (symbol) Charter Hall Group (CHC.AU) Daiwa House REIT Investment Corp. (8984.JP) Big Yellow Group Plc (BYG.LN) Cofinimmo SA (COFB.BB) These free-float adjusted, modified market capitalization-weighted total return indexes of selected real estate equity securities are quoted intraday on a real-time basis by the Chicago Mercantile Exchange.

Cohen & Steers Announces Changes to Realty Indexes

NEW YORK , Nov. 8, 2024 /PRNewswire/ -- Cohen & Steers, Inc.'s (NYSE: CNS) Board of Directors has appointed Karen Wilson Thissen as a director of the company. Ms. Thissen has also been appointed as a member of the Board's Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee.

Cohen & Steers Appoints Karen Wilson Thissen to Board of Directors

NEW YORK , Nov. 7, 2024 /PRNewswire/ -- The Board of Directors of Cohen & Steers, Inc. (NYSE: CNS) declared a cash dividend for the fourth quarter of 2024 in the amount of $0.59 per share of common stock payable on December 2, 2024 to stockholders of record as of the close of business on November 18, 2024. About Cohen & Steers.

Cohen & Steers, Inc. Declares Quarterly Dividend

Cohen & Steers Reit And Preferred Income Fund Inc

NEW YORK , Oct. 30, 2024 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) (the "Fund") with information regarding the sources of the distribution to be paid on October 31, 2024 and cumulative distributions paid fiscal year-to-date. In December 2017, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission.

Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) Notification of Sources of Distribution Under Section 19(a)

Cohen And Steers Total Return Realty Fund

NEW YORK , Oct. 30, 2024 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) (the "Fund") with information regarding the sources of the distribution to be paid on October 31, 2024 and cumulative distributions paid fiscal year-to-date. In December 2011, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission.

Cohen & Steers Total Return Realty Fund, Inc. (RFI) Notification of Sources of Distribution Under Section 19(a)

Cohen & Steers Quality Income Realty Fund

NEW YORK , Oct. 30, 2024 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) (the "Fund") with information regarding the sources of the distribution to be paid on October 31, 2024 and cumulative distributions paid fiscal year-to-date. In December 2012, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission.

Cohen & Steers Quality Income Realty Fund, Inc. (RQI) Notification of Sources of Distribution Under Section 19(a)

Cohen & Steers Infrastructure Fund Inc

NEW YORK , Oct. 30, 2024 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) (the "Fund") with information regarding the sources of the distribution to be paid on October 31, 2024 and cumulative distributions paid fiscal year-to-date. In March 2015, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission.

Cohen & Steers Infrastructure Fund, Inc. (UTF) Notification of Sources of Distribution Under Section 19(a)

Cohen & Steers Closed-End Opportunity Fund

NEW YORK , Oct. 30, 2024 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) (the "Fund") with information regarding the sources of the distribution to be paid on October 31, 2024 and cumulative distributions paid fiscal year-to-date. In December 2021, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission.

Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) Notification of Sources of Distribution Under Section 19(a)

NEW YORK , Oct. 30, 2024 /PRNewswire/ -- Cohen & Steers (NYSE: CNS) announced today that funds managed by the Private Real Estate Group of Cohen & Steers and DLC, an owner and operator of open-air shopping centers in the U.S., have jointly acquired Springfield Commons, an open-air community shopping center in Springfield, Virginia. Springfield Commons is a 119,085 square foot shopping center located approximately 15 miles west of Washington, D.C.

Cohen & Steers and DLC Acquire Open-Air Shopping Center in Fairfax County, VA

NEW YORK , Oct. 29, 2024 /PRNewswire/ -- Cohen & Steers (NYSE: CNS) announced today that funds managed by the Private Real Estate Group of Cohen & Steers and the Investment Management business of Acadia Realty Trust (NYSE: AKR – "Acadia"), a publicly traded owner and operator of retail properties in the U.S., have entered into a joint venture to own The Walk at Highwoods, an open-air community shopping center in Tampa, Florida. The Walk at Highwoods is a 141,000 square foot power center located approximately 20 miles northeast of downtown Tampa in a high-growth suburban area.

Cohen & Steers and Acadia Realty Trust Acquire Open-Air Shopping Center in Tampa, FL

Cohen & Steers' Q3 2024 results exceeded expectations, with revenue up 9.4% YoY and non-GAAP adjusted EPS up 13.5% YoY. Significant AUM growth and a return to positive net inflows drove the strong financial performance for Cohen & Steers in the recent quarter. CNS' near-term prospects are favorable, with expected revenue and earnings growth due to increased investor real estate allocations and the company's private real estate AUM expansion.

Cohen & Steers Stock : A Buy With Results Beat And Positive Outlook

Cohen & Steers, Inc. (NYSE:CNS ) Q3 2024 Earnings Conference Call October 17, 2024 10:00 AM ET Company Participants Brian Heller - Senior Vice President and Corporate Counsel Jon Cheigh - Chief Investment Officer Joseph Harvey - Chief Executive Officer and President Raja Dakkuri - Chief Financial Officer Conference Call Participants John Dunn - Evercore ISI Benjamin Rubin - UBS Operator Ladies and gentlemen, thank you for standing by. Welcome to the Cohen & Steers Third Quarter 2024 Earnings Conference Call.

Cohen & Steers, Inc. (CNS) Q3 2024 Earnings Call Transcript

NEW YORK , Oct. 16, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported its results for the quarter ended September 30, 2024. The earnings release along with the accompanying earnings presentation can be viewed at Cohen & Steers Reports Results for Third Quarter 2024 and on the company's website at www.cohenandsteers.com under "Company—Investor Relations—Earnings Archive.

COHEN & STEERS REPORTS RESULTS FOR THIRD QUARTER 2024

NEW YORK , Oct. 9, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced that it expects to release third quarter 2024 results after the market closes on Wednesday, October 16, 2024. The earnings release and accompanying earnings presentation will be available on the company's website at www.cohenandsteers.com under "Company—Investor Relations—Earnings Archive.

Cohen & Steers, Inc. to Release Third Quarter 2024 Results on October 16, 2024

NEW YORK , Oct. 8, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $91.8 billion as of September 30, 2024, an increase of $3.7 billion from assets under management of $88.1 billion at August 31, 2024. The increase was due to market appreciation of $2.6 billion and net inflows of $1.3 billion, partially offset by distributions of $286 million.

Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For September 2024

NEW YORK , Sept. 30, 2024 /PRNewswire/ -- The Boards of Directors of the Cohen & Steers Closed-End Funds announced today the monthly distributions for October, November, and December 2024, as summarized in the charts below: Ticker Fund Name Monthly Dividend FOF Cohen & Steers Closed-End Opportunity Fund, Inc. $0.087 LDP Cohen & Steers Limited Duration Preferred and Income Fund, Inc. $0.131 PSF Cohen & Steers Select Preferred and Income Fund, Inc. $0.126 PTA Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund $0.134 RFI Cohen & Steers Total Return Realty Fund, Inc. $0.080 RLTY Cohen & Steers Real Estate Opportunities and Income Fund $0.110 RNP Cohen & Steers REIT and Preferred and Income Fund, Inc. $0.136 RQI Cohen & Steers Quality Income Realty Fund, Inc. $0.080 UTF Cohen & Steers Infrastructure Fund, Inc. $0.155 Distributions will be made on the following schedule: Month Ex-Dividend/ Record Date Payable Date October Oct. 15, 2024 Oct. 31, 2024 November Nov. 12, 2024 Nov. 29, 2024 December Dec. 10, 2024 Dec. 31, 2024 Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund, Cohen & Steers Real Estate Opportunities and Income Fund, Cohen & Steers Limited Duration Preferred and Income Fund, Inc., and Cohen & Steers Select Preferred and Income Fund, Inc. pay regular monthly cash distributions to common shareholders at a level rate that may be adjusted from time to time.

Cohen & Steers Closed-End Funds Declare Distributions for October, November, and December 2024

NEW YORK , Sept. 12, 2024 /PRNewswire/ -- SUBSCRIBE, a leading operating system for alternative investments serving institutional investors, wealth management firms, and fund managers, announced today that leading real assets investment manager Cohen & Steers (NYSE: CNS) has joined the SUBSCRIBE platform to offer its private real estate strategies.

Cohen & Steers Joins SUBSCRIBE Alternative Investment Platform to Expand Private Real Estate Access for Private Wealth Channel

NEW YORK , Sept. 10, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $88.1 billion as of August 31, 2024, an increase of $3.5 billion from assets under management of $84.6 billion at July 31, 2024.

Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For August 2024

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NEW YORK , Aug. 19, 2024 /PRNewswire/ -- Cohen & Steers, Inc.'s (NYSE: CNS) Board of Directors has appointed Lisa Dolly as a director of the company. Ms. Dolly has also been appointed as a member of the Board's Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee.

Cohen & Steers Appoints Lisa Dolly to Board of Directors

Cohen & Steers (CNS) witnesses a 4.8% rise in July AUM balance, driven by solid market appreciation.

Cohen & Steers (CNS) July AUM Jumps 4.8% on Upbeat Markets

NEW YORK , Aug. 8, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $84.6 billion as of July 31, 2024, an increase of $3.9 billion from assets under management of $80.7 billion at June 30, 2024. The increase was due to market appreciation of $4.1 billion, partially offset by distributions of $153 million and net outflows of $45 million.

Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For July 2024

Cohen & Steers, Inc. (NYSE:CNS ) Q2 2024 Earnings Conference Call July 18, 2024 10:00 AM ET Company Participants Brian Heller - Senior Vice President and Corporate Counsel Matthew Stadler - Executive Vice President Jon Cheigh - Chief Investment Officer Joseph Harvey - Chief Executive Officer and President Conference Call Participants John Dunn - Evercore ISI Adam Beatty - UBS Macrae Sykes - Gabelli Operator Ladies and gentlemen, thank you for standing by. Welcome to the Cohen & Steers' Second Quarter 2024 Earnings Conference Call.

Cohen & Steers, Inc. (CNS) Q2 2024 Earnings Call Transcript

CNS is still deserving of a Buy rating based on my analysis of the company's Q2 2024 financial and operating metrics. Cohen & Steers' actual revenue and non-GAAP adjusted EPS for the second quarter were largely consistent with the Wall Street analysts' expectations. There's the potential for CNS' AUM for the U.S. real estate strategy to grow, assuming rate cuts materialize.

News for Cohen & Steers Stock (CNS)