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.

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Earnings data Q3 2023

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Earnings data Q1 2024

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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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The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF with a few minor twists. The portfolio fell by 0.27% in August, underperforming the S&P 500 by 2.69%. Since its inception, the portfolio has generated a CAGR of 24.79%, and is outperforming SCHD by 13.10%.

4 Factor Dividend Growth Strategy: A Speed Bump On The Home Stretch

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.

Cohen & Steers: Still Bullish After Assessing Q2 Results And AUM Figures

NEW YORK , July 17, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported its results for the quarter ended June 30, 2024. The earnings release along with the accompanying earnings presentation can be viewed at Cohen & Steers Reports Results for Second Quarter 2024 and on the company's website at www.cohenandsteers.com under "Company—Investor Relations—Earnings Archive.

COHEN & STEERS REPORTS RESULTS FOR SECOND QUARTER 2024

NEW YORK , July 10, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced that it expects to release second quarter 2024 results after the market closes on Wednesday, July 17, 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 Second Quarter 2024 Results on July 17, 2024

NEW YORK , July 9, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $80.7 billion as of June 30, 2024, an increase of $221 million from assets under management of $80.5 billion at May 31, 2024. The increase was due to market appreciation of $771 million, partially offset by distributions of $372 million and net outflows of $178 million.

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

NEW YORK , June 24, 2024 /PRNewswire/ -- The Boards of Directors of the Cohen & Steers Closed-End Funds announced today the monthly distributions for July, August, and September 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 July Jul. 16, 2024 Jul. 31, 2024 August Aug. 13, 2024 Aug. 30, 2024 September Sept. 10, 2024 Sept.

Cohen & Steers Closed-End Funds Declare Distributions for July, August, and September 2024

Raja Dakkuri joins Cohen & Steers to succeed Matthew Stadler NEW YORK , June 24, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today that Raja Dakkuri has joined Cohen & Steers as Executive Vice President and Chief Financial Officer. Mr. Dakkuri succeeds Matthew Stadler, who previously notified Cohen & Steers on October 17, 2023 of his intention to retire during 2024 upon the appointment of his successor.

Cohen & Steers Announces Succession of Chief Financial Officer

Cohen & Steers (CNS) reports an improvement in the May 2024 AUM balance on solid market performance.

Cohen & Steers (CNS) May AUM Balance Rises on Upbeat Markets

NEW YORK , June 10, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $80.5 billion as of May 31, 2024, an increase of $3.3 billion from assets under management of $77.2 billion at April 30, 2024. The increase was due to market appreciation of $3.6 billion, partially offset by distributions of $150 million and net outflows of $93 million.

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

NEW YORK , June 5, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) has named Daniel Noonan as Executive Vice President and Head of the Wealth Management Consulting Group. In this role, Mr.

Cohen & Steers Appoints Daniel Noonan as Head of Wealth Management Consulting Group

The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF with a few minor twists. The portfolio gained 1.28% in May, trailing the S&P 500 by 3.68%. Since its inception, the portfolio has generated 0.11% of alpha over the S&P 500 and 16.15% of alpha over SCHD on an annualized basis.

The 4 Factor Dividend Growth Strategy - Cooling Off In The Second Half Of Fiscal Year 2

NEW YORK , June 3, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today that an affiliate of Cohen & Steers Capital Management, Inc. ("Cohen & Steers") and DLC Management ("DLC"), an owner and operator of open-air shopping centers in the U.S., have jointly acquired a two-property open-air shopping center complex in Fayetteville, Arkansas. The acquisition is comprised of two centers, Spring Creek Centre and Steele Crossing, and encompasses 403,000 square feet of owned retail space.

Cohen & Steers and DLC Management Acquire Open-Air Shopping Center Complex in Fayetteville, Arkansas

NEW YORK , May 15, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today additional pending changes to its Realty Majors Indexes, effective as of the close of business on May 17, 2024. LondonMetric Property Plc replaces LXI REIT Plc in the Cohen & Steers Global Realty Majors Portfolio Index (GRM) and Cohen & Steers International Realty Majors Portfolio Index (IRP).

Cohen & Steers Announces Additional Changes to Realty Indexes

Cohen & Steers (CNS) records a 4.9% sequential decline in April 2024 AUM.

Cohen & Steers' (CNS) April AUM Dips on Unfavorable Markets

NEW YORK , May 8, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $77.2 billion as of April 30, 2024, a decrease of $4.1 billion from assets under management of $81.2 billion at March 31, 2024. The decrease was due to market depreciation of $3.9 billion, net outflows of $74 million and distributions of $151 million.

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

The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF with a few minor twists.

The 4 Factor Dividend Growth Strategy - Minor Turbulence In April

Blackstone's recent deal suggests that the worst might be over for the real estate market, which send positive signals relating to CNS' future fund flows. Cohen & Steers has good growth prospects in Japan and other foreign markets. My Buy rating for CNS stays unchanged after assessing that its outlook is favorable.

Cohen & Steers: Eyes On Real Estate Recovery And Overseas Markets Growth

NEW YORK , April 22, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) has offered and sold 1,007,057 shares of its common stock (the "Shares") through its "at-the-market" equity offering program (the "ATM Program"). The Shares were offered and sold through BofA Securities, as sales agent, at an average price per share of $69.60.

Cohen & Steers Raises $70 Million in Gross Proceeds from At-the-Market Equity Offering

Kaman Corporation

NEW YORK , April 18, 2024 /PRNewswire/ -- Cohen & Steers Inc. (NYSE:CNS) will replace Kaman Corp. (NYSE:KAMN) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, April 23. Arcline Investment Management LP is acquiring Kaman in a deal expected to close on April 19, pending final closing conditions.

Cohen & Steers Set to Join S&P SmallCap 600

Cohen & Steers, Inc. (NYSE:CNS ) Q1 2024 Earnings Conference Call April 18, 2024 10:00 AM ET Company Participants Brian Heller - SVP & Corporate Counsel Matthew Stadler - CFO Joseph Harvey - CEO & President Jon Cheigh - Chief Investment Officer Conference Call Participants John Dunn - Evercore ISI Adam Beatty - UBS Operator Ladies and gentlemen, thank you for standing by. Welcome to the Cohen & Steers First Quarter 2024 Earnings Conference Call.

Cohen & Steers, Inc. (CNS) Q1 2024 Earnings Call Transcript

OSAKA, Japan--(BUSINESS WIRE)--Shionogi & Co., Ltd. (Head Office: Osaka, Japan; President & CEO: Isao Teshirogi, Ph.D.; hereafter “Shionogi”) announces new data from the largest European real-world evidence study (PERSEUS) of Fetroja®/Fetcroja® (cefiderocol), an innovative siderophore cephalosporin, for the treatment of critically ill patients with carbapenem-resistant (CR) Gram-negative (GN) bacterial infections at the 34th ESCMID Global (formerly ECCMID) in Barcelona, 27–30 April, 202.

ESCMID Global 2024: Shionogi presents real-world data demonstrating efficacy of Fetcroja® / Fetroja® (cefiderocol) in critically ill patients with certain difficult-to-treat bacterial infections

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