Company: CNS
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001284812-25-000299
Chunk: 99

Company: COHEN & STEERS, INC.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 2
Chunk 99
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 2025 increased to 33.3% from 32.7% for the nine months ended September 30, 2024.

Non-operating Income (Loss)

(in thousands)Nine Months Ended September 30, 2025Consolidated Funds (1)Corporate -Seed and OtherTotalInterest and dividend income$3,684 $13,108 $16,792 Gain (loss) from investments—net 8,817 2,143 10,960 Foreign currency gain (loss)—net(253)(2,583)(2,836)Total non-operating income (loss)12,248 12,668 24,916 Net (income) loss attributable to noncontrolling interests(8,357)— (8,357)Non-operating income (loss) attributable to the Company$3,891 $12,668 $16,559 

(in thousands)Nine Months Ended September 30, 2024Consolidated Funds (1)Corporate -Seed and OtherTotalInterest and dividend income$2,800 $11,596 $14,396 Gain (loss) from investments—net 18,499 (558)17,941 Foreign currency gain (loss)—net(545)(1,496)(2,041)Total non-operating income (loss)20,754 9,542 30,296 Net (income) loss attributable to noncontrolling interests(14,331)— (14,331)Non-operating income (loss) attributable to the Company$6,423 $9,542 $15,965 

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(1)Represents seed investments in funds that we are required to consolidate under U.S. GAAP.

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Income Taxes

A reconciliation of the Company’s statutory federal income tax rate to the effective income tax rate is summarized in the following table:

Nine Months Ended September 30,20252024U.S. statutory tax rate21.0 %21.0 %State and local income taxes, net of federal benefit2.9 2.8 Non-deductible executive compensation1.7 1.2 Excess tax benefits related to the vesting and delivery of restricted stock units(2.1)(0.2)Unrecognized tax benefit adjustments(0.5)0.3 Valuation allowance(0.1)(0.7)Other0.2 — *Effective