Company: CNS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001284812-25-000255
Chunk: 85

Company: COHEN & STEERS, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 2
Chunk 85
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 million was reinvested and included in net flows

Institutional accounts

Assets under management in institutional accounts at June 30, 2025 increased 6.7% to $34.4 billion from $32.2 billion at June 30, 2024. Activity during the six months ended June 30, 2025 included:

Advisory accounts:

•Net outflows of $520 million including $297 million from global/international real estate

•Market appreciation of $1.3 billion including $566 million from global/international real estate and $316 million from U.S. real estate

Subadvisory accounts:

•Net outflows of $365 million including $503 million from U.S. real estate, partially offset by net inflows of $248 million into global listed infrastructure

•Market appreciation of $750 million including $358 million from global/international real estate and $212 million from U.S. real estate

•Distributions of $335 million including $326 million from U.S. real estate

Closed-end funds

Assets under management in closed-end funds at June 30, 2025 increased 5.0% to $11.6 billion from $11.0 billion at June 30, 2024. Activity during the six months ended June 30, 2025 included:

•Net inflows of $106 million including $104 million into global listed infrastructure

•Market appreciation of $501 million including $248 million from global listed infrastructure and $119 million from U.S. real estate

•Distributions of $308 million including $105 million from U.S. real estate and $99 million from preferred securities

18

Assets Under Management

By Investment Vehicle

(in millions)Three Months Ended June 30,Six Months Ended June 30,2025202420252024Open-end FundsAssets under management, beginning of period$42,298 $37,685 $40,962 $37,032 Inflows3,072 2,936 6,591 6,238 Outflows(2,787)(3,037)(5,721)(5,770)Net inflows (outflows)285 (101)870 468 Market appreciation (depreciation)816 215 1,849 571 Distributions(437)(348)(719)(620)Total increase (decrease)664 (234)2,000 419 Assets under management, end of period$42,