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 Q4 2021

Earnings data Q1 2022

Earnings data Q2 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 , March 20, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today that the Cohen & Steers Real Estate Securities Fund ( CSDIX ) and the Cohen & Steers Institutional Realty Shares ( CSRIX ) have received 2024 LSEG Lipper Fund Awards for their strong risk-adjusted performance for the 10-year and 5-year periods, respectively, ended November 30, 2023 . This is the ninth consecutive year Lipper has recognized CSDIX and the second consecutive year Lipper has recognized CSRIX.

Cohen & Steers U.S. Real Estate Funds Receive LSEG Lipper Fund Awards

Favorable market returns drive Cohen & Steers' (CNS) February AUM balance up marginally.

Cohen & Steers' (CNS) February AUM Up on Favorable Markets

NEW YORK , March 11, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $79.6 billion as of February 29, 2024, an increase of $333 million from assets under management at January 31, 2024. The increase was due to market appreciation of $1.2 billion, partially offset by net outflows of $683 million and distributions of $155 million.

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

Automatic Data Processing

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Lowe's

Lam Research

Landstar System

Mastercard

Masco

Microchip Technology

Monolithic Power Systems

Old Dominion Freight Line

Paychex

Robert Half Int.

Rollins

Schwab US Dividend Equity ETF

SPDR S&P 500 ETF Trust

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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 returned 6.99% in February, outperforming the S&P 500 by 1.65%.

4 Factor Dividend Growth Portfolio - Firing On All Cylinders

Cohen & Steers (CNS) announces a 3.5% increase in its quarterly dividend to 59 cents per share. Based on solid fundamentals, this seems sustainable.

Cohen & Steers (CNS) Rewards Shareholders With Dividend Hike

Alpine Global Premier Properties Fund

CBRE Group

CBRE Global Real Estate Income Fund

Nuveen Real Estate Income Fund

Neuberger Berman Real Estate Securities Income Fund Inc

Principal Real Estate Income Fund

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

Vanguard Real Estate ETF

Vanguard Global ex-U.S. Real Estate ETF

REIT closed-end funds, or CEFs, are offering historically high dividend yields. Some yield as much as 14% right now. Is this an opportunity? We highlight various REIT CEFs and explain which is our favorite today.

Earn Up To 14% Dividend Yield From REIT CEFs

Cohen & Steers (CNS) reports a decline in January 2024 AUM balance on market depreciation and outflows.

Cohen & Steers' (CNS) January AUM Falls 4.6% on Weak Markets

NEW YORK , Feb. 8, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $79.3 billion as of January 31, 2024, a decrease of $3.8 billion from assets under management at December 31, 2023. The decrease was due to market depreciation of $2.2 billion, net outflows of $1.5 billion, and distributions of $157 million.

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

Williams-Sonoma

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 returned -2.01% in January, underperforming the S&P 500 by 3.69%.

4 Factor Dividend Growth Portfolio - Holding Steady

Cohen & Steers, Inc. (CNS) Q4 2023 Earnings Call Transcript

NEW YORK , Jan. 24, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported its results for the fourth quarter and year ended December 31, 2023. The earnings release along with the accompanying earnings presentation can be viewed at Cohen & Steers Reports Results for Fourth Quarter and Year Ended December 31, 2023 and on the company's website at www.cohenandsteers.com under "Company—Investor Relations—Earnings Archive.

COHEN & STEERS REPORTS RESULTS FOR FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2023

The inaugural acquisition was made through a joint venture partnership with Sterling Organization. NEW YORK , Jan. 24, 2024 /PRNewswire/ -- Cohen & Steers Income Opportunities REIT, Inc. ("CNSREIT") announced today its acquisition of the Marketplace at Highland Village (the "property"), an open-air community shopping center located in Dallas, TX.

Cohen & Steers Income Opportunities REIT, Inc. Acquires the Marketplace at Highland Village in Dallas, TX

Elaine Zaharis-Nikas to succeed William Scapell as Head of Fixed Income and Preferred Securities following over 20 years of partnership NEW YORK , Jan. 17, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today that William Scapell, Head of Fixed Income and Preferred Securities, will retire from the firm and investment management on August 1, 2024 after more than 20 years of service at Cohen & Steers and 30 years in finance, including his work at Merrill Lynch and with the Federal Reserve. Elaine Zaharis-Nikas, who currently serves as a Senior Portfolio Manager, will succeed William Scapell and will be promoted to Head of Fixed Income and Preferred Securities, effective April 1, 2024.

Cohen & Steers Announces Retirement of William Scapell, Head of Fixed Income and Preferred Securities, Effective August 1, 2024

NEW YORK , Jan. 17, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced that it expects to release fourth quarter and full year 2023 results after the market closes on Wednesday, January 24, 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 Fourth Quarter and Full Year 2023 Results on January 24, 2024

Cohen & Steers' (CNS) AUM balance in December 2023 benefits from net flow and solid market appreciation.

Cohen & Steers' (CNS) December AUM Improves on Upbeat Markets

NEW YORK , Jan. 10, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today the launch of the Real Assets Compass™, an interactive tool focused on real estate allocations designed to help financial advisors and institutional investors improve portfolio risk-return profiles. Using the firm's Capital Market Assumptions for the next 10 years and 30 years of historical data, the Real Assets Compass™ ("the Compass") compares historical and expected returns and volatility of traditional portfolios of only stocks and bonds with those of a more diversified portfolio of stocks, bonds and listed and private real estate.

Cohen & Steers Launches Real Assets Compass™ to Help Financial Advisors Build Better Portfolios with Real Estate

NEW YORK , Jan. 9, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $83.1 billion as of December 31, 2023, an increase of $4.4 billion from assets under management at November 30, 2023. The increase was due to net inflows of $61 million and market appreciation of $4.8 billion, partially offset by distributions of $408 million.

Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For December 2023

Cohen & Steers' (CNS) November AUM balance rises on upbeat market performance.

Cohen & Steers (CNS) Stock Up as November AUM Balance Improves

NEW YORK , Dec. 12, 2023 /PRNewswire/ -- The Boards of Directors of the Cohen & Steers Closed-End Funds announced today the monthly distributions for January, February, and March 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-Date Record Date Payable Date January Jan. 16, 2024 Jan. 17, 2024 Jan. 31, 2024 February Feb. 13, 2024 Feb. 14, 2024 Feb. 29, 2024 March Mar. 12, 2024 Mar. 13, 2024 Mar. 28, 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. Each of these fund's distributions reflect net investment income and may also include net realized capital gains and/or return of capital.

Cohen & Steers Closed-End Funds Declare Distributions for January, February, and March 2024

NEW YORK , Dec. 11, 2023 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $78.7 billion as of November 30, 2023, an increase of $6.5 billion from assets under management at October 31, 2023. The increase was due to market appreciation of $7.0 billion, partially offset by net outflows of $264 million and distributions of $155 million.

Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For November 2023

NEW YORK , Dec. 11, 2023 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today that it has been named as one of the "Best Places to Work in Money Management" for the fourth consecutive year by Pensions & Investments, a global news source of money management. P&I's 12th annual recognition program is dedicated to identifying and recognizing the best employers in the money management industry.

Cohen & Steers Named a "Best Place to Work in Money Management" by Pensions & Investments for Fourth Consecutive Year

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 returned 11.02% in November, outperforming the S&P 500 by 1.89%. Year-to-date, the portfolio is up 17.46%. Since its inception, the portfolio has generated 4.00% of alpha over the S&P 500, on an annualized basis.

4 Factor Dividend Growth Portfolio - Off To A Great Start Again

Cohen & Steers offers three preferred funds focused on preferred investments: PTA, LDP, and PSF. The funds have historically outperformed the iShares Preferred & Income Securities ETF and are currently trading at relatively attractive levels. Higher interest rates have impacted the performance of preferred securities, but the future could be brighter if we are near the end of this rate hiking cycle.

Closed-End Funds: Cohen & Steers Preferred Trio

Subdued market performance and outflows result in a decline in Cohen & Steers' (CNS) October AUM balance.

Cohen & Steers (CNS) October AUM Down on Unfavorable Markets

NEW YORK , Nov. 8, 2023 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $72.2 billion as of October 31, 2023, a decrease of $3.0 billion from assets under management at September 30, 2023. The decrease was due to market depreciation of $2.1 billion, net outflows of $732 million and distributions of $154 million.

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