Q1 2025 Cohen & Steers Inc Earnings Call Transcript

Apr 17, 2025 / 02:00 PM GMT

Release Date Price: $74.26 (+0.50%)

Transcript 10-Q8-K

Key Points

Positve

Cohen & Steers Inc (CNS) reported a third consecutive quarter of net inflows, with $222 million in net inflows firm-wide.
The company's global listed infrastructure strategy experienced strong flows, with $586 million of net inflows.
Cohen & Steers Inc (CNS) launched its first three active ETFs, which have begun to see inflows, particularly in the Natural Resource equities ETF.
The company's open-end funds have been rated 4 or 5 stars by Morningstar, with 92% of AUM achieving this rating.
Cohen & Steers Inc (CNS) has a strong balance sheet, providing stability and the ability to capitalize on market dislocations.

Negative

Cohen & Steers Inc (CNS) reported a decrease in earnings per share to $0.75 from $0.78 sequentially.
Revenue for Q1 decreased to $133.8 million, driven by lower average AUM and lower dayco compared to the prior quarter.
The company's operating margin decreased to 34.7% from 35.5% in the prior quarter.
The institutional advisory unfunded pipeline declined significantly to $61 million from $531 million last quarter.
Cohen & Steers Inc (CNS) experienced outflows in preferred stock strategies, which was unexpected given their strong performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CNS.N - Cohen & Steers Inc
Q1 2025 Cohen & Steers Inc Earnings Call
Apr 17, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. Welcome to the Cohen and Spears first quarter 2025 earnings conference call.

During the presentation, all participants will be in a listen-only mode, and afterwards we will conduct a question and answer session.

At that time, if you have a question, please press the star followed by the one on your telephone.

If at any time during the conference you need to reach an operator, please press 0.

As a reminder, this conference is being recorded Thursday, April 17th, 2025.

I would now like to turn the conference over to Brian Heller, senior Vice President and deputy general counsel of Cohen and Steers. Please go ahead.

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