Company: CNS
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001284812-25-000299
Chunk: 43

Company: COHEN & STEERS, INC.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 43
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.02 0.05 0.07 0.14 Lease transition and other costs - 280 Park Avenue (2)— — — 0.02 Fund launch and rights offering costs (3)0.01 — 0.01 — Other non-recurring expenses (4)— — 0.01 0.02 Foreign currency exchange (gain) loss—net (5)(0.01)0.04 0.06 0.03 Tax effects of adjustments above— *(0.02)(0.01)(0.05)Tax effects of discrete tax items (6)0.01 — *(0.06)— *Diluted earnings per share, as adjusted $0.81 $0.77 $2.28 $2.15 

_________________________

*    Amounts round to less than $0.01 per share.

(1)Represents the impact of consolidated funds and the net effect of corporate seed investment performance.

(2)Represents the impact of lease and other expenses related to the Company's prior headquarters, for which the lease expired in January 2024.

(3)Represents costs incurred in connection with a closed-end fund rights offering. 

(4)Represents reimbursement of filing fees paid by certain members of senior leadership for the nine months ended September 30, 2025, and the impact of incremental expenses associated with the separation of certain employees for the nine months ended September 30, 2024.

(5)Represents net foreign currency exchange (gain) loss associated with U.S. dollar-denominated assets held by certain foreign subsidiaries.

(6)Includes excess tax benefits related to the vesting and delivery of restricted stock units and unrecognized tax benefit adjustments.

29

Reconciliations of U.S. GAAP to As Adjusted Financial Results

Revenue, Expenses, Operating Income and Operating MarginThree Months Ended September 30,Nine Months Ended September 30,(in thousands, except percentages)2025202420252024Revenue, U.S. GAAP$141,720$133,203$412,313$377,634Fund related amounts (1)(783)230(2,266)731Revenue, as adjusted$140,937$133,433$410,047$378,365Expenses, U.S. GAAP$92,819$88,330$274,887$254,094Fund related amounts (