Company: CNS
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001284812-25-000299
Chunk: 57

Company: COHEN & STEERS, INC.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 57
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552 Discounted cash flow Discount rate Terminal capitalization rate7.00% - 10.50%5.25% - 8.75%8.82%7.39%Changes in the significant unobservable inputs in the above tables may result in a materially higher or lower fair value measurement.

6. Derivatives

The following tables summarize the notional amount and fair value of the Company's outstanding derivative financial instruments:As of September 30, 2025Fair Value (1)(in thousands)Notional AmountAssetsLiabilitiesCorporate derivatives:Total return swaps$70,231 $83 $2,547 Forward contracts - foreign exchange13,763 250 1 Total corporate derivatives83,994 333 2,548 Derivatives held by consolidated funds:Forward contracts - foreign exchange23,120 — 118 Total$107,114 $333 $2,666 As of December 31, 2024Fair Value (1)(in thousands)Notional AmountAssetsLiabilitiesCorporate derivatives:Total return swaps$45,237 $1,570 $252 Forward contracts - foreign exchange8,622 484 — Total corporate derivatives$53,859 $2,054 $252 ________________________(1)    The fair value of corporate and consolidated fund derivative financial instruments is recorded in other assets and other liabilities and accrued expenses on the Company's condensed consolidated statements of financial condition.The Company's corporate derivatives included:•Total return swaps that are utilized to economically hedge a portion of the market risk of certain seed investments and total return swaps that are included in certain portfolios the Company maintains for the purpose of establishing a performance track record; and•Forward foreign exchange contracts that are utilized to economically hedge currency exposure arising from certain non-U.S. dollar investment advisory fees. 

13

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

Derivatives held by consolidated funds are comprised of forward foreign exchange contracts that are utilized by certain of the consolidated funds to economically hedge currency exposure.Collateral pledged for corporate and consolidated fund forward and swap contracts totaled $2.3 million and $0.3 million at September 30, 2025 and December 31, 2024, respectively. Collateral received for swap contracts was $1.3 million at December 31, 2024.The