Company: CNS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001284812-25-000156
Chunk: 52

Company: COHEN & STEERS, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 52
---
 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 $69 million from global listed infrastructure and $45 million from global/international real estate 

Closed-end funds

Assets under management in closed-end funds at March 31, 2025 increased 2.4% to $11.4 billion from $11.1 billion at March 31, 2024. Activity during the first quarter of 2025 included:

•Market appreciation of $257 million including $118 million from global listed infrastructure and $101 million from U.S. real estate

•Distributions of $154 million including $52 million from U.S. real estate and $50 million from preferred securities

18

Assets Under Management

By Investment Vehicle

(in millions)Three Months Ended March 31,20252024Open-end FundsAssets under management, beginning of period$40,962 $37,032 Inflows3,519 3,302 Outflows(2,934)(2,733)Net inflows (outflows)585 569 Market appreciation (depreciation)1,033 356 Distributions(282)(272)Total increase (decrease)1,336 653 Assets under management, end of period$42,298 $