COHEN & STEERS, INC.
For the period ended Mar 31, 2025. Filed May 2, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 2, 2025
CNS$73.20-0.0%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Statements of Financial Condition (Unaudited)
(in thousands, except share data)
| March 31,2025 | December 31,2024 | |
|---|---|---|
| Assets: | ||
| Cash and cash equivalents | $65,227 | $182,974 |
| Investments ($181,866 and $109,210) (1) | 473,383 | 335,377 |
| Accounts receivable | 79,020 | 74,389 |
| Due from brokers ($412 and $60) (1) | 3,874 | 1,474 |
| Property and equipment—net | 67,529 | 68,604 |
| Operating lease right-of-use assets—net | 98,368 | 99,200 |
| Goodwill and intangible assets—net | 19,169 | 18,756 |
| Other assets ($373 and $199) (1) | 28,295 | 31,592 |
| Total assets | $834,865 | $812,366 |
| Liabilities: | ||
| Accrued compensation and benefits | $19,963 | $71,049 |
| Distribution and service fees payable | 8,194 | 8,485 |
| Operating lease liabilities | 140,046 | 141,115 |
| Income tax payable | 6,897 | 4,601 |
| Due to brokers ($230 and $170) (1) | 4,232 | 2,111 |
| Other liabilities and accrued expenses ($416 and $333) (1) | 14,181 | 10,102 |
| Total liabilities | 193,513 | 237,463 |
| Commitments and contingencies (See Note 11) | ||
| Redeemable noncontrolling interests | 121,710 | 53,460 |
| Stockholders’ equity: | ||
| Common stock, $0.01 par value; 500,000,000 shares authorized; 58,186,178 shares issued and 50,976,952 shares outstanding at March 31, 2025 and 57,492,567 shares issued and 50,574,641 shares outstanding at December 31, 2024 | 582 | 575 |
| Additional paid-in capital | 955,669 | 943,281 |
| Accumulated deficit | (121,933) | (129,339) |
| Accumulated other comprehensive loss | (7,923) | (10,025) |
| Treasury stock, at cost, 7,209,226 and 6,917,926 shares at March 31, 2025 and December 31, 2024, respectively | (318,708) | (292,781) |
| Total stockholders’ equity attributable to Cohen & Steers, Inc. | 507,687 | 511,711 |
| Nonredeemable noncontrolling interests | 11,955 | 9,732 |
| Total stockholders’ equity | 519,642 | 521,443 |
| Total liabilities, redeemable noncontrolling interests and stockholders’ equity | $834,865 | $812,366 |
(1)Amounts in parentheses represent the aggregate balances at March 31, 2025 and December 31, 2024 attributable to variable interest entities (VIEs) consolidated by the Company.
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