CNS

Cohen & Steers, Inc. ( CNS ) Q3 2026 Earnings Call October 16, 2026 10:00 AM EDT Company Participants Brian Meta Amit Muni - Chief Financial Officer John Cheigh - President & Chief Investment Officer Joseph Harvey - CEO & Director Conference Call Participants John Dunn - Evercore ISI Institutional Equities, Research Division Ivory Gao - BofA Securities, Research Division Presentation Operator Ladies and gentlemen, thank you for standing by. Welcome to the Cohen & Steers Third Quarter 2026 Earnings Call.

Cohen & Steers NYSE: CNS reported third-quarter adjusted earnings per share of $0.89, up from $0.85 in the prior quarter, as higher average assets under management and controlled expenses helped lift profitability. The investment manager recorded its fifth consecutive quarter of organic growth and its strongest net inflow period since the fourth quarter of 2021.

NEW YORK, Oct 15, 2026 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported its results for the quarter ended September 30, 2026. The earnings release along with the accompanying earnings presentation can be viewed at Cohen & Steers Reports Results for Third Quarter 2026 and on the company's website at www.cohenandsteers.com under "Company—Investor Relations—Earnings Archive.

NEW YORK, Oct. 8, 2026 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $95.9 billion at September 30, 2026, a decrease of $5.1 billion from assets under management of $101.0 billion at August 31, 2026. The decrease was due to market depreciation of $5.1 billion and distributions of $323 million, partially offset by net inflows of $335 million.

NEW YORK, Oct. 7, 2026 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced that it expects to release third quarter 2026 results after the market closes on Thursday, October 15, 2026. The earnings release and accompanying earnings presentation will be available on the company's website at www.cohenandsteers.com under "Company—Investor Relations—Earnings Archive.

Cohen & Steers is downgraded from Buy to Hold due to limited catalysts in a high interest rate environment and premium valuation. Nearly half of CNS' AUM is in US real estate, making the stock sensitive to rising rates and recent fund underperformance. Despite strong net inflows, robust cash flow, and a 3.6% yield, CNS trades at a 90% forward P/E premium to the financial sector median.

Cohen & Steers Closed-End Opportunity Fund (FOF) was my 2026 "stock of the year" pick, emphasizing resilience amid economic and geopolitical uncertainty. FOF's 20-year total return averages 9% (market price) and 8.5% (NAV) over the past 10–15 years; with the same steady $0.087 monthly distribution (or quarterly equivalent) since 2010. The "discount on discounts" investors get when both FOF and its underlying holdings are discounted, is an extra bonus, like "double coupons" at the grocery store.

Investors interested in Financial - Investment Management stocks are likely familiar with Federated Hermes (FHI) and Cohen & Steers Inc (CNS). But which of these two companies is the best option for those looking for undervalued stocks?

NEW YORK, Sept. 22, 2026 /PRNewswire/ -- The Board of Directors of the Cohen & Steers Closed-End Funds announced today the monthly distributions for October, November, and December 2026, as summarized in the charts below: Ticker Fund Name Monthly Dividend FOF Cohen & Steers Closed-End Opportunity Fund, Inc. $0.087 LDP Cohen & Steers Limited Duration Preferred and Income Fund, Inc. $0.131 PSF Cohen & Steers Select Preferred and Income Fund, Inc. $0.126 PTA Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund $0.134 RFI Cohen & Steers Total Return Realty Fund, Inc. $0.080 RLTY Cohen & Steers Real Estate Opportunities and Income Fund $0.110 RNP Cohen & Steers REIT and Preferred and Income Fund, Inc. $0.136 RQI Cohen & Steers Quality Income Realty Fund, Inc. $0.090 UTF Cohen & Steers Infrastructure Fund, Inc. $0.165 Distributions will be made on the following schedule: Month Ex-Dividend/ Record Date Payable Date October October 13, 2026 October 30, 2026 November November 10, 2026 November 30, 2026 December December 8, 2026 December 31, 2026 Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund, Cohen & Steers Real Estate Opportunities and Income Fund, Cohen & Steers Limited Duration Preferred and Income Fund, Inc., and Cohen & Steers Select Preferred and Income Fund, Inc. (each, a "Fund" and collectively the "Funds") pay regular monthly cash distributions to common shareholders at a level rate that may be adjusted from time to time.

NEW YORK, Sept. 9, 2026 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $101.0 billion at August 31, 2026, a decrease of $1.5 billion from assets under management of $102.5 billion at July 31, 2026.