CNS
Cohen & Steers, Inc.62.84
+0.30+0.48%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
3.21BP/E (TTM)
19.70Basic EPS (TTM)
3.19Dividend Yield
0.04%Recent Filings
10-Q
Q3 FY2025 results
Cohen & Steers posted solid Q3 results, with revenue climbing 6.4% year-over-year to $141.7 million on higher average assets under management, while operating income rose 9.0% to $48.9 million and diluted EPS edged up to $0.81 from $0.77. Gross margins held steady around 34.5%, buoyed by open-end funds contributing 52% of revenue amid net inflows of $1.6 billion year-to-date. Cash dipped to $98.1 million, yet net liquid assets grew to $339.7 million, backed by a fresh $100 million revolver expiring in 2029 with no draws. The firm deconsolidated funds, trimming redeemable noncontrolling interests by $230.5 million. Free cash flow not disclosed in the 10-Q. Volatility in real estate markets poses ongoing flow risks.
8-K
Q3 EPS $0.81, AUM $90.9B
Cohen & Steers reported Q3 2025 results on October 16, with diluted EPS of $0.81 and revenue up 4.1% to $141.7 million, driven by higher average AUM of $89.7 billion. Assets under management grew 2.2% to $90.9 billion, fueled by $233 million net inflows and $2.4 billion market appreciation, yet institutional outflows persisted in U.S. real estate. Operating margin expanded to 34.5%. Market gains lifted performance, but distributions tempered growth.
8-K
CFO transition announced
Cohen & Steers announced on September 11, 2025, that CFO Raja Dakkuri will resign effective October 17, 2025, to pursue another opportunity, with no disagreements cited. Michael Donohue, Senior Vice President and Controller since May 2023, steps in as Interim CFO, retaining his prior roles. The board approved him a $300,000 bonus—half cash, half restricted stock units vesting over four years. The firm launched a search for a permanent successor. Smooth transition ahead.
8-K
Credit facility extended to 2029
Cohen & Steers amended its $100 million revolving credit facility on August 15, 2025, extending maturity to 2029 while keeping borrowings for working capital and general corporate needs. Interest ties to Term SOFR or Base Rate plus a performance-based spread, with covenants capping leverage at 2.50:1 and mandating 4.00:1 interest coverage. Lenders gain longer-term liquidity, but tighter scrutiny on financial metrics.
10-Q
Q2 FY2025 results
Cohen & Steers posted solid Q2 results, with revenue climbing 11.8% year-over-year to $136.1M on higher average assets under management, while operating income rose 12.9% to $43.3M and diluted EPS held steady at $0.72. Gross margins aren't broken out, but expenses grew 11.4% mainly from incentive comp and fund-related costs, keeping the operating margin at 31.8%. Year-to-date, revenue is up 10.7% to $270.6M, operating income up 12.5% to $88.5M, and diluted EPS at $1.49 on 51.4M shares, reconciling cleanly without anti-dilution flags. Cash sits at $95.4M with net liquid assets near $325M; free cash flow isn't disclosed in the 10-Q. Deconsolidated some funds in Q2, trimming redeemable noncontrolling interests by $230.5M. Yet competition in real assets strategies lingers as a key risk.
IPO
Employees
Sector
Industry
COHN
Cohen & Company Inc.
19.55+0.74
FOF
Cohen & Steers Closed-End Oppor
12.97+0.02
LDP
Cohen & Steers Limited Duration
21.26-0.03
PSF
Cohen & Steers Select Preferred
20.22-0.08
PTA
240905
19.38+0.09
RFI
Cohen & Steers Total Return Rea
10.90-0.08
RLTY
Cohen & Steers Real Estate Oppo
14.58+0.01
RNP
Cohen & Steers Reit and Preferr
19.56-0.06
RQI
Cohen & Steers Quality Income R
11.36-0.08
UTF
Cohen & Steers Infrastructure F
23.86-0.12