Company: CNS
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001284812-25-000299
Chunk: 9

Company: COHEN & STEERS, INC.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 9
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 & Steers, Inc.550,292 511,711 Nonredeemable noncontrolling interests14,380 9,732 Total stockholders’ equity564,672 521,443 Total liabilities, redeemable noncontrolling interests and stockholders’ equity$801,612 $812,366 

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(1)    Amounts in parentheses represent the aggregate balances at September 30, 2025 and December 31, 2024 attributable to variable interest entities (VIEs) consolidated by the Company. The assets may only be used to settle obligations of each VIE and the liabilities are the sole obligation of each VIE, for which creditors do not have recourse to the general credit of the Company.

See notes to condensed consolidated financial statements

1

COHEN & STEERS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

(in thousands, except per share data)

 Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024Revenue:Investment advisory and administration fees$133,628 $125,397 $388,944 $355,319 Distribution and service fees7,513 7,244 21,863 20,692 Other579 562 1,506 1,623 Total revenue141,720 133,203 412,313 377,634 Expenses:Employee compensation and benefits57,196 56,376 168,390 161,476 Distribution and service fees16,329 14,739 47,224 41,404 General and administrative16,775 14,874 52,022 44,351 Depreciation and amortization2,519 2,341 7,251 6,863 Total expenses92,819 88,330 274,887 254,094 Operating income48,901 44,873 137,426 123,540 Non-operating income (loss):Interest and dividend income5,106 5,420 16,792 14,396 Gain (loss) from investments—net692 18,975 10,960 17,941 Foreign currency gain (loss)—net859 (1,692)(2,836)(2,041)Total non-operating income (loss)6,657 22,703