Company: CNS
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001284812-25-000299
Chunk: 89

Company: COHEN & STEERS, INC.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 2
Chunk 89
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30, 2025 included:

Advisory accounts:

•Net outflows of $975 million including $532 million from U.S. real estate and $184 million from preferred securities

•Market appreciation of $1.9 billion including $721 million from global/international real estate, $485 million from global listed infrastructure and $457 million from U.S. real estate

Subadvisory accounts:

•Net outflows of $447 million including $590 million from U.S. real estate and $125 million from global/international real estate, partially offset by net inflows of $307 million into global listed infrastructure

•Market appreciation of $1.2 billion including $499 million from global/international real estate and $418 million from U.S. real estate

•Distributions of $503 million including $486 million from U.S. real estate

Closed-end funds

Assets under management in closed-end funds at September 30, 2025 decreased 1.2% to $11.8 billion from $11.9 billion at September 30, 2024. Activity during the nine months ended September 30, 2025 included:

•Net inflows of $108 million including $105 million into global listed infrastructure

•Market appreciation of $830 million including $373 million from global listed infrastructure and $211 million from preferred securities

•Distributions of $462 million including $157 million from U.S. real estate and $149 million from preferred securities

19

Assets Under Management

By Investment Vehicle

(in millions)Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Open-end FundsAssets under management, beginning of period$42,962 $37,451 $40,962 $37,032 Inflows3,148 4,097 9,739 10,335 Outflows(2,380)(2,924)(8,101)(8,694)Net inflows (outflows)768 1,173 1,638 1,641 Market appreciation (depreciation)972 4,618 2,821 5,189 Distributions(305)(263)(1,024)(883)Transfers24 — 24 — Total increase (decrease)1,459 5,528 3,459 5,947 Assets under management, end of period$44,421 $42,979 $44,421 $42,