Company: CNS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001284812-25-000156
Chunk: 15

Company: COHEN & STEERS, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 15
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 statements of financial condition attributable to the Company's consolidated VIEs:(in thousands)March 31, 2025December 31, 2024Assets (1)Investments$181,866 $109,210 Due from brokers412 60 Other assets373 199 Total assets182,651 109,469 Liabilities (1)Due to brokers$230 $170 Other liabilities and accrued expenses416 333 Total liabilities646 503 Net assets$182,005 $108,966 Attributable to the Company$60,573 $45,774 Attributable to noncontrolling interests121,432 63,192 Net assets$182,005 $108,966 _________________________(1)    The assets may only be used to settle obligations of each VIE and the liabilities are the sole obligation of each VIE, for which creditors do not have recourse to the general credit of the Company.

5. Fair Value

ASC Topic 820, Fair Value Measurement specifies a hierarchy of valuation classifications based on whether the inputs to the valuation techniques used in each valuation classification are observable or unobservable. These classifications are summarized in the three broad levels listed below:•Level 1—Unadjusted quoted prices for identical instruments in active markets.•Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable.•Level 3—Valuations derived from valuation techniques in which significant inputs or significant value drivers are unobservable.These levels are not necessarily an indication of the risk or liquidity associated with the investments. 

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COHEN & STEERS, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(UNAUDITED)

The following tables present fair value measurements:March 31, 2025(in thousands)Level 1Level 2Level 3Investments Measured at NAVTotalCash equivalents$32,555 $— $— $— $32,555 Equity investments at fair value:Common stocks$198,364 $— $— $— $198,364 Limited partnership interests— 39,451 1,584 41,035 Preferred securities2,378 — — — 2,378 Non-Traded RE