Company: CNS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001284812-25-000255
Chunk: 57

Company: COHEN & STEERS, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 57
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 are officers and/or directors. The following table summarizes revenue earned from these affiliated funds: Three Months Ended June 30,Six Months Ended June 30,(in thousands)2025202420252024Investment advisory and administration fees $93,252 $82,297 $185,144 $165,257 Distribution and service fees7,166 6,631 14,350 13,448 Total$100,418 $88,928 $199,494 $178,705 Included in accounts receivable at June 30, 2025 and December 31, 2024 are receivables from Company-sponsored funds of $37.0 million and $37.1 million, respectively. Included in accounts payable at June 30, 2025 and December 31, 2024 are payables to Company-sponsored funds of $0.6 million and $1.1 million, respectively. Included in other assets at June 30, 2025 and December 31, 2024 is an advance to CNSREIT of $9.5 million and $8.5 million, respectively. CNSREIT will reimburse the Company ratably over a 60-month period commencing at the earlier of December 31, 2025, or the month that CNSREIT's NAV is at least $1.0 billion.See discussion of commitments to Company-sponsored vehicles in Note 11.

10. Credit Agreement

On January 20, 2023, the Company entered into a Credit Agreement with Bank of America, N.A. (the Credit Agreement) providing for a $100.0 million senior unsecured revolving credit facility maturing on January 20, 2026. Borrowings under the Credit Agreement bear interest at a variable annual rate equal to, at the Company’s option, either, (i) in respect of Term Secured Overnight Financing Rate (SOFR) Loans (as defined in the Credit Agreement), a rate equal to Term SOFR (as defined in the Credit Agreement) in effect for such period plus an applicable rate as determined according to a performance pricing grid and, (ii) in respect of Base Rate Loans (as defined in the Credit Agreement), a rate equal to a Base Rate (as defined in the Credit Agreement) plus an applicable rate as determined according to a performance pricing grid. The 

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COHEN & STEERS, INC. AND SUBSIDIARIESNOTES TO COND