Company: CNS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001284812-25-000087
Chunk: 41

Company: COHEN & STEERS, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 41
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•Net outflows of $563 million including $292 million from global/international real estate and $233 million from U.S. real estate

•Market appreciation of $752 million including $661 million from U.S. real estate

•Distributions of $693 million including $647 million from U.S. real estate

Subadvisory accounts excluding Japan:

•Net outflows of $211 million including $297 million from global/international real estate, partially offset by net inflows of $134 million into U.S. real estate

•Market appreciation of $242 million including $110 million from global listed infrastructure and $108 million from U.S. real estate

Closed-end funds

Assets under management in closed-end funds at December 31, 2024 increased 1.9% to $11.3 billion from $11.1 billion at December 31, 2023. The change was primarily due to:

•Net inflows of $13 million

•Market appreciation of $816 million

•Distributions of $616 million

23

Assets Under Management

By Investment Vehicle

(in millions) Years Ended December 31,202420232022Open-end FundsAssets under management, beginning of period$37,032 $36,903 $50,911 Inflows14,239 11,937 17,939 Outflows(11,435)(13,614)(19,713)Net inflows (outflows)2,804 (1,677)(1,774)Market appreciation (depreciation)2,388 3,231 (10,282)Distributions(1,262)(1,265)(1,952)Transfers— (160)— Total increase (decrease)3,930 129 (14,008)Assets under management, end of period$40,962 $37,032 $36,903 Average assets under management$39,090 $36,159 $43,202 Institutional AccountsAssets under management, beginning of period$35,028 $32,373 $42,727 Inflows3,696 2,985 5,915 Outflows(6,684)(3,225)(6,357)Net inflows (outflows)(2,988)(240)(442)Market appreciation (depreciation)2,216 3,626 (8,927)Distributions(693)(891)(985)Trans