Company: CNS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001284812-25-000156
Chunk: 71

Company: COHEN & STEERS, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 71
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 from global/international real estate

Japan subadvisory accounts:

•Market appreciation of $167 million including $126 million from U.S. real estate

•Distributions of $164 million including $159 million from U.S. real estate

Subadvisory accounts excluding Japan:

•Net outflows of $267 million including $447 million from U.S. real estate, partially offset by net inflows of $233 million into global listed infrastructure

•Market appreciation of $147 million including $69 million from global listed infrastructure and $45 million from global/international real estate 

Closed-end funds

Assets under management in closed-end funds at March 31, 2025 increased 2.4% to $11.4 billion from $11.1 billion at March 31, 2024. Activity during the first quarter of 2025 included:

•Market appreciation of $257 million including $118 million from global listed infrastructure and $101 million from U.S. real estate

•Distributions of $154 million including $52 million from U.S. real estate and $50 million from preferred securities

18

Assets Under Management

By Investment Vehicle

(in millions)Three Months Ended March 31,20252024Open-end FundsAssets under management, beginning of period$40,962 $37,032 Inflows3,519 3,302 Outflows(2,934)(2,733)Net inflows (outflows)585 569 Market appreciation (depreciation)1,033 356 Distributions(282)(272)Total increase (decrease)1,336 653 Assets under management, end of period$42,298 $37,685 Average assets under management$41,801 $36,923 Institutional AccountsAssets under management, beginning of period$33,563 $35,028 Inflows1,100 902 Outflows(1,466)(3,445)Net inflows (outflows)(366)(2,543)Market appreciation (depreciation)853 123 Distributions(164)(184)Total increase (decrease)323 (2,604)Assets under management, end of period$33,886 $32,424 Average assets under management$33,623 $32,284 Closed-end FundsAssets under management, beginning of period$11,289 $11,076 Inflows3 4 Outflows— — Net