Company: CNS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001284812-25-000156
Chunk: 43

Company: COHEN & STEERS, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 43
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 ________________________(1)Included forward contracts - foreign exchange held by consolidated funds.

10

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

December 31, 2024(in thousands)Level 1Level 2Level 3Investments Measured at NAVTotalCash equivalents$147,832 $— $— $— $147,832 Equity investments at fair value:Common stocks$96,081 $1,462 $— $— $97,543 Limited partnership interests— — 32,552 1,448 34,000 Preferred securities1,507 74 — — 1,581 Non-Traded REIT— 69,998 — — 69,998 Other5,156 — — 133 5,289 Total$102,744 $71,534 $32,552 $1,581 $208,411 Trading investments:Fixed income$— $126,953 $— $— $126,953 Equity method investments$— $— $— $13 $13 Total investments$102,744 $198,487 $32,552 $1,594 $335,377 Derivatives - assets:Total return swaps$— $1,570 $— $— $1,570 Forward contracts - foreign exchange— 484 — — 484 Total$— $2,054 $— $— $2,054 Derivatives - liabilities:Total return swaps$— $252 $— $— $252 Total$— $252 $— $— $252 Equity investments at fair value classified as Level 2 included common stocks, Cohen & Steers Income Opportunities REIT, Inc. (CNSREIT) and exchange-traded preferred securities, for which quoted prices in active markets are not available. The Company elected the fair value option for CNSREIT to align the measurement of the seed investment and the related gains and losses with other seed investments. The Company's ownership interest was 42.6% and 49.4% at March 31, 2025 and December 31,