COHEN & STEERS, INC.
For the period ended Jun 30, 2025. Filed Aug 1, 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.
Jun 30, 2025 · Filed Aug 1, 2025
Contents
Condensed Consolidated Statements of Financial Condition (Unaudited)
(in thousands, except share data)
| June 30,2025 | December 31,2024 | |
|---|---|---|
| Assets: | ||
| Cash and cash equivalents | $95,372 | $182,974 |
| Investments ($69,916 and $109,210) (1) | 357,630 | 335,377 |
| Accounts receivable | 72,884 | 74,389 |
| Due from brokers ($28 and $60) (1) | 4,163 | 1,474 |
| Property and equipment—net | 67,562 | 68,604 |
| Operating lease right-of-use assets—net | 99,929 | 99,200 |
| Goodwill and intangible assets—net | 20,034 | 18,756 |
| Other assets ($326 and $199) (1) | 33,449 | 31,592 |
| Total assets | $751,023 | $812,366 |
| Liabilities: | ||
| Accrued compensation and benefits | $39,947 | $71,049 |
| Distribution and service fees payable | 8,337 | 8,485 |
| Operating lease liabilities | 141,563 | 141,115 |
| Income tax payable | 192 | 4,601 |
| Due to brokers ($438 and $170) (1) | 4,096 | 2,111 |
| Other liabilities and accrued expenses ($240 and $333) (1) | 14,567 | 10,102 |
| Total liabilities | 208,702 | 237,463 |
| Commitments and contingencies (See Note 11) | ||
| Redeemable noncontrolling interests | 1,250 | 53,460 |
| Stockholders' equity: | ||
| Common stock, $0.01 par value; 500,000,000 shares authorized; 58,210,217 shares issued and 50,993,657 shares outstanding at June 30, 2025 and 57,492,567 shares issued and 50,574,641 shares outstanding at December 31, 2024 | 582 | 575 |
| Additional paid-in capital | 968,684 | 943,281 |
| Accumulated deficit | (117,510) | (129,339) |
| Accumulated other comprehensive loss | (3,958) | (10,025) |
| Treasury stock, at cost, 7,216,560 and 6,917,926 shares at June 30, 2025 and December 31, 2024, respectively | (319,297) | (292,781) |
| Total stockholders’ equity attributable to Cohen & Steers, Inc. | 528,501 | 511,711 |
| Nonredeemable noncontrolling interests | 12,570 | 9,732 |
| Total stockholders’ equity | 541,071 | 521,443 |
| Total liabilities, redeemable noncontrolling interests and stockholders’ equity | $751,023 | $812,366 |
(1)Amounts in parentheses represent the aggregate balances at June 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.
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