Cohen & Steers Reports Solid Q2
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The research indicates that Cohen & Steers (CNS 2. 17%), a global investment manager known for its focus on real assets and alternative income, released its second quarter fiscal 2025...
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real estate
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July 21, 2025
11:49 AM
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The re indicates that Cohen & Steers (CNS 2. 17%), a global investment manager known for its focus on real assets and alternative income, released its second quarter fiscal 2025 earnings on July 17, 2025
Management ary and prior quarter data offer insight into momentum, recent duct development, and persistent market challenges
Moreover, Meanwhile, MetricQ2 2025Q2 2025 EstimateY/Y ChangeEPS$0. 75 + 14%Revenue$136
Additionally, 13 million$135. 49 million+ 12% Source: Analyst estimates for the quarter vided by FactSet
Moreover, Company Overview and ModelCohen & Steers specializes in investment management for real assets and alternative income, focusing on areas real estate securities, private real estate, preferred securities, infrastructure, and natural resource equities
It serves a mix of institutional and wealth management clients worldwide, operating through asset management teams in New York, London, Dublin, Hong Kong, Tokyo, and Singapore
In contrast, The company’s model centers on viding active, specialist investment strategies through various vehicles such as open-end funds, closed-end funds, separately managed accounts, and exchange-traded funds (ETFs), given current economic conditions
Success depends on investment performance, client satisfaction, and expansion into new asset classes and geographic
Recently, Cohen & Steers has focused on broadening its duct range and strengthening its wealth channel distribution, responding to investor demand for real assets and income solutions
Quarterly Highlights and Performance TrendsDuring the recent period, management reinforced its commitment to specialist active strategies in real assets, including listed and private real estate, preferred securities, global infrastructure, and natural resource equities
Moreover, According to prior quarter disclosures, 81% of assets under management (AUM) outperformed their benchmarks in Q1, and Long-term performance remained strong, with over 95% of AUM outperforming on a three-, five-, and ten-year basis as of Q1
Nevertheless, The CNS Income Opportunities REIT, a private real estate investment trust, returned 13
However, 4% for the twelve months February, well ahead of the 4. 4 % average for non-traded REIT peers, marking a standout duct performance
Duct innovation advanced with new active ETFs focusing on real estate, preferreds, and natural resources, specifically catering to wealth channel clients such as registered investment advisers (RIAs) and bank platforms
Additionally, Management noted “modest inflows” into these newly launched ETFs but was encouraged by positive momentum in the natural resource equities ETF
However, Open-end fund channels drove firmwide net inflows for the third consecutive quarter as of Q1, and open-end fund gross sales remained in line with historical averages at $12. 8 billion annualized for Q1
However, However, softness in the institutional advisory channel was evident
Net outflows in this segment totaled $108 million in Q1, and the institutional “unfunded pipeline” dropped sharply to $61 million from $531 million in the previous period as of Q1 (fascinating analysis)
On the other hand, Management acknowledged this as a notable risk, attributing it partly to client rebalancing and account terminations, but suggested future imvements as new mandates are secured and asset allocation trends favor real assets
The offshore UCITS (also called CCAV) duct family continued its growth, with six sub-funds and $1, in today's financial world. 2 billion in AUM, recording inflows in 19 of the past 21 quarters (which is quite significant)
Another recent launch was a short-duration preferred stock sub-fund, aiming to offer investors moderate duration and solid credit quality within a $1. 3 trillion investment universe
Furthermore, Competition, particularly for wealth channel flows and institutional mandates, remained intense as industry-wide data showed outflows from many open-end fund
Despite this, Cohen & Steers achieved net inflows in areas global listed infrastructure, and expanded its reach among model portfolio builders and RIAs, in light of current trends
Additionally, Management stated that duct differentiation and strong investment performance continued to drive market gains in target strategies
Outlook and What to WatchLooking forward, management reiterated its priority to invest in distribution, focusing especially on the wealth channel and multifamily offices
Planned new hires in these areas remain subject to macro conditions, with leadership adopting a cautious apach to additional expansion until the market outlook becomes er, in light of current trends
Additionally, Company resources will continue to target both organic duct development and potential partnerships or acquisitions, especially in strategies or vehicles that expand the addressable client base
Moreover, No explicit financial guidance was vided for the upcoming periods (an important development)
However, Revenue and net income presented using U
Furthermore, Additionally, Generally accepted accounting principles (GAAP) unless otherwise noted
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