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

Company: COHEN & STEERS, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 25
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 which may cause slight variations in the distribution percentages. This is not investment advice and may not be construed as sales or marketing material for any financial product or service sponsored or provided by Cohen & Steers.

Assets Under Management

Below is a discussion of our assets under management for the quarter ended March 31, 2025. For additional details, please refer to the tables on pages 19 - 22.

Assets under management at March 31, 2025 increased 7.8% to $87.6 billion from $81.2 billion at March 31, 2024.

Open-end funds 

Assets under management in open-end funds at March 31, 2025 increased 12.2% to $42.3 billion from $37.7 billion at March 31, 2024. Activity during the first quarter of 2025 included:

•Net inflows of $585 million including $183 million into U.S. real estate and $175 million into global/international real estate

17

•Market appreciation of $1.0 billion including $780 million from U.S. real estate

•Distributions of $282 million including $151 million from U.S. real estate and $129 million from preferred securities, of which $239 million was reinvested and included in net flows

Institutional accounts

Assets under management in institutional accounts at March 31, 2025 increased 4.5% to $33.9 billion from $32.4 billion at March 31, 2024. Activity during the first quarter of 2025 included:

Advisory accounts:

•Net outflows of $108 million including $318 million from global/international real estate and $111 million from preferred securities, partially offset by net inflows of $266 million into global listed infrastructure and $51 million into U.S. real estate

•Market appreciation of $539 million including $212 million from  U.S. real estate, $174 million from global listed infrastructure and $113 million 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 $