Cohen & Steers Inc
F:FG9

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Cohen & Steers Inc Logo
Cohen & Steers Inc
F:FG9
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Price: 60.5 EUR -0.82% Market Closed
Market Cap: €3B

Cohen & Steers Inc
Investor Relations

Cohen & Steers is an investment management firm that runs mutual funds, exchange-traded funds, and separate accounts for investors who want exposure to real assets and income-oriented securities. Its main focus is on listed real estate through REITs, preferred securities, infrastructure-related stocks, natural resource equities, and other asset classes that tend to pay steady cash flow. The firm sells portfolio management, research, and investment products to institutions, financial advisors, and individual investors. It makes money mainly by charging fees on the assets it manages, with some additional income from performance-based fees in certain strategies. What sets Cohen & Steers apart is its narrow specialization. Instead of trying to be a general all-purpose money manager, it concentrates on a few specialized markets where it has deep research experience and a long history. That makes it a niche provider for investors looking for targeted exposure to income and real-asset themes.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 17, 2026
AI Summary
Q1 2026

Results: Cohen & Steers reported Q1 earnings of $0.79 per share and revenue of $144.3 million, with revenue up 0.3% sequentially, helped by higher average AUM.

AUM Growth: Ending AUM rose to $93.1 billion from $90.5 billion in Q4, driven by positive net inflows and $2.7 billion of market appreciation.

Flows: The firm posted $497 million of net inflows, its seventh straight quarter of open-end fund inflows and its sixth positive quarter out of the last seven overall.

Outlook: Management kept 2026 compensation, tax, and G&A expectations broadly intact, while describing a more constructive setup for real assets, infrastructure, and listed real estate.

Strategy Shift: Executives said geopolitical conflict, inflation uncertainty, and higher-for-longer rates are reinforcing demand for hard assets, diversification, and liquidity-conscious solutions.

ETFs and Wealth: Active ETFs continued to gain traction, with $224 million of third-party net flows and a first major broker-dealer platform placement, while the nontraded REIT and other private real estate initiatives are still early but building momentum.

Key Financials
Earnings per share
$0.79
Revenue
$144.3 million
Operating income
$50.7 million
Operating margin
35.1%
Ending AUM
$93.1 billion
Average AUM
$94.4 billion
Net inflows
$497 million
Unfunded pipeline
$1.7 billion
Open-end fund inflows
seventh straight quarter of net inflows
Third-party ETF net flows
$224 million
Advisory channel net inflows
$210 million
Sub-advisory net outflows
$269 million
Liquidity
$343 million
Compensation ratio
40%
Effective tax rate
25.5%
Open-end fund AUM rated 4- or 5-star
95%
1-year benchmark outperformance
86% of AUM
3-year benchmark outperformance
above 97% of AUM
5-year benchmark outperformance
above 97% of AUM
Multi-strategy real asset inflows
$142 million
Preferred securities net outflows
$133 million
Global listed infrastructure inflows
$96 million
SICAV net inflows
$62 million
Nontraded REIT assets
$650 million
Nontraded REIT annualized return since inception
10.6%
Nontraded REIT peer average annualized return
4.3%
Active ETF AUM
$675 million
Short duration preferred open-end vehicle yield
just shy of 6%
Short duration preferred duration
2.5 years
Short duration preferred credit profile
BBB-
Tax equivalent yield benefit
100 basis points
Tax equivalent yield advantage vs corporate bonds
nearly 300 basis points
Earnings Call Recording
Other Earnings Calls

Management

Mr. Robert Hamilton Steers
Executive Chairman
No Bio Available
Mr. Martin Cohen
Co-Founder & Chairman
No Bio Available
Mr. Joseph Martin Harvey
President, CEO & Director
No Bio Available
Mr. Adam M Derechin C.F.A.
Executive VP & COO
No Bio Available
Mr. John Y. Cheigh C.F.A.
Executive VP & Chief Investment Officer
No Bio Available
Mr. Daniel P. Charles
Executive VP & Head of Global Distribution
No Bio Available
Mr. Raja A. Dakkuri
Executive VP & CFO
No Bio Available
Ms. Elena Dulik
Chief Accounting Officer & Senior VP
No Bio Available
Mr. Francis Casimir Poli Esq.
Executive VP, General Counsel & Secretary
No Bio Available
Robert Klemens
Vice President of Communications
No Bio Available

Contacts

Address
NEW YORK
New York City
280 Park Ave Fl 10
Contacts
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