Company: CNS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001284812-25-000156
Chunk: 14

Company: COHEN & STEERS, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 14
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 Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The standard requires disaggregation of certain expense captions into specified categories in disclosures within the footnotes to the financial statements. This new guidance will be effective on January 1, 2027 for annual reporting and January 1, 2028 for interim reporting. The Company is currently evaluating the impact that the adoption of this new standard will have on the Company's condensed consolidated financial statements and related disclosures.

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COHEN & STEERS, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(UNAUDITED)

3. Revenue

The following tables summarize revenue recognized from contracts with customers by client domicile and by investment vehicle:Three Months Ended March 31,(in thousands)20252024Client domicile:North America$117,280 $106,888 Japan7,807 7,788 Europe, Middle East and Africa5,190 4,383 Asia Pacific excluding Japan4,190 3,651 Total$134,467 $122,710   Three Months Ended March 31,(in thousands)20252024Investment vehicle:Open-end funds$77,354 $68,152 Institutional accounts32,167 30,352 Closed-end funds24,946 24,206 Total$134,467 $122,710 

4. Investments

The following table summarizes the Company's investments:(in thousands)March 31,2025December 31, 2024Equity investments at fair value$325,861 $208,411 Trading146,982 126,953 Equity method540 13 Total investments$473,383 $335,377 The following table summarizes gain (loss) from investments—net: Three Months Ended March 31,(in thousands)20252024Net realized gains (losses) during the period$1,127 $(2,226)Net Net unrealized gains (losses) during the period on investmentsstill held at the end of the period2,426 3,210 Gain (loss) from investments—net$3,553 $984 

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COHEN & STEERS, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(UNAUDITED)

The following table summarizes the