Company: CNS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001284812-25-000156
Chunk: 29

Company: COHEN & STEERS, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 29
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 under management, end of period$9,710 $8,395 Average assets under management$9,047 $8,191 OtherAssets under management, beginning of period$2,703 $2,277 Inflows244 186 Outflows(149)(187)Net inflows (outflows)95 (1)Market appreciation (depreciation)123 64 Distributions(9)(7)Transfers30 — Total increase (decrease)239 56 Assets under management, end of period$2,942 $2,333 Average assets under management$2,841 $2,280 TotalAssets under management, beginning of period$85,814 $83,136 Inflows4,622 4,208 Outflows(4,400)(6,178)Net inflows (outflows)222 (1,970)Market appreciation (depreciation)2,143 679 Distributions(600)(610)Total increase (decrease)1,765 (1,901)Assets under management, end of period$87,579 $81,235 Average assets under management$86,778 $80,175 

22

Summary of Operating Results(in thousands, except percentages and per share data)Three Months Ended March 31,20252024U.S. GAAPRevenue$134,467 $122,710 Expenses$89,269 $82,445 Operating income$45,198 $40,265 Net income attributable to common stockholders$39,778 $34,004 Diluted earnings per share$0.77 $0.68 Operating margin33.6 %32.8 %As Adjusted (1)Net income attributable to common stockholders$38,353 $34,653 Diluted earnings per share$0.75 $0.70 Operating margin34.7 %35.5 %

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(1)Refer to pages 26-27 for reconciliations of U.S. GAAP to as adjusted results.

Three Months Ended March 31, 2025 Compared with Three Months Ended March 31, 2024

Revenue (in thousands)Three Months Ended March 31,20252024$ Change% ChangeInvestment advisory and administration feesOpen-end funds$69,658 $60,787 $8,