Welcome to our dedicated page for Cohen & Steers news (Ticker: CNS), a resource for investors and traders seeking the latest updates and insights on Cohen & Steers stock.
Cohen & Steers, Inc. (NYSE: CNS) is a global investment manager specializing in real assets and alternative income, with a focus on listed and private real estate, preferred securities, infrastructure, resource equities, commodities and multi-strategy solutions. Founded in 1986 and headquartered in New York City, the firm also maintains offices in London, Dublin, Hong Kong, Tokyo and Singapore, and regularly reports on its business through press releases and regulatory filings.
This news page aggregates company announcements and updates related to Cohen & Steers and its investment vehicles. Readers can find information on preliminary assets under management and net flows, where the firm breaks down AUM across institutional advisory and subadvisory accounts, open-end funds and closed-end funds, and explains the impact of market movements, net flows and distributions. The page also features notices for Cohen & Steers-managed closed-end funds such as UTF, RQI, RFI, RNP and FOF, including details on managed distribution policies and the estimated sources of monthly distributions.
In addition to fund-related disclosures, the news feed includes corporate developments such as leadership appointments, regional management changes and updates on the firm’s private real estate operations. Earnings release schedules and information about upcoming conference calls are also highlighted, indicating when quarterly and full-year results will be available and how investors and analysts can access related materials.
By reviewing the items on this page, investors can see how Cohen & Steers communicates on topics like distribution composition, fund performance metrics, assets under management trends and organizational changes. This historical record of press releases and notices provides context around the company’s activities in real assets and alternative income across its global platform.
Cohen & Steers (NYSE: CNS) has announced its financial results for Q4 and full-year 2024, which will be discussed in detail during a conference call scheduled for January 23, 2025, at 10:00 a.m. (ET). The conference call will be hosted by CEO Joseph Harvey, CFO Raja Dakkuri, and head of multi-asset solutions Jeffrey Palma.
Investors and analysts can participate by dialing 800-715-9871 (U.S.) or +1-646-307-1963 (international) with passcode 8494569. A two-week replay will be available, and a webcast can be accessed through the company's website at www.cohenandsteers.com.
Cohen & Steers (NYSE: CNS) has announced its schedule for the release of fourth quarter and full year 2024 financial results. The company will release its earnings report after market close on Wednesday, January 22, 2025, followed by a conference call on Thursday, January 23, 2025, at 10:00 a.m. ET.
The conference call will feature CEO Joseph Harvey, CFO Raja Dakkuri, and head of multi-asset solutions Jeffrey Palma, who will discuss operating results and outlook. Investors and analysts can access the call via webcast or telephone, with dial-in numbers provided for both U.S. (800-715-9871) and international (+1-646-307-1963) participants using passcode 8494569.
A two-week replay will be available, and the webcast will be archived on the company website for one month.
Cohen & Steers (NYSE: CNS) reported preliminary assets under management (AUM) of $85.8 billion as of December 31, 2024, marking a $5.6 billion decrease from November 30, 2024's $91.4 billion. The decline was primarily attributed to:
- Market depreciation of $5.7 billion
- Distributions of $396 million
- Partially offset by net inflows of $504 million
The AUM breakdown shows Open-end Funds at $41.0 billion, Institutional Accounts at $33.6 billion, and Closed-end Funds at $11.3 billion. Within Institutional Accounts, Advisory accounts held $19.3 billion, Japan Subadvisory $8.5 billion, and Subadvisory excluding Japan $5.8 billion.
Cohen & Steers Income Opportunities REIT (CNSREIT) has acquired Bridgepointe Shopping Center in San Mateo, California, through a joint venture with Sterling Organization. The 231,700 square foot open-air shopping center is fully leased and features tenants including Total Wine & More, Nordstrom Rack, Ross Dress for Less, and Marshalls. The center is shadow anchored by top-performing Target and Home Depot stores, attracting 8.58 million visits annually.
Located in Silicon Valley, San Mateo County boasts the fourth highest median household income in the U.S. The area is expected to see employment growth at a 1.6% compound annual rate over the next 12 years, driven by life sciences and AI sectors. This marks CNSREIT's third acquisition with Sterling Organization and fourth open-air shopping center in their portfolio.
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) has announced its December 2024 distribution details and fiscal year-to-date performance. The Fund follows a managed distribution policy implemented in December 2021 to deliver long-term total returns through regular monthly distributions. For December 2024, the distribution of $0.0870 per share comprises 41.95% from net investment income and 58.05% from return of capital. Year-to-date through November 30, 2024, the Fund achieved a cumulative total return of 24.96% and maintains a current annualized distribution rate of 8.38%. The Fund's five-year average annual total return ending November 30, 2024, stands at 7.78%.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced its December 2024 distribution details and year-to-date performance. The Fund's monthly distribution of $0.1360 per share consists entirely of net investment income. The Fund reported strong performance metrics, including a year-to-date cumulative total return of 16.95% and a five-year average annual total return of 6.74%. The current annualized distribution rate stands at 7.21% of NAV. The Fund operates under a managed distribution policy implemented in December 2017, which aims to deliver long-term total returns through regular monthly distributions.
Cohen & Steers Total Return Realty Fund (NYSE: RFI) has announced its December 2024 distribution details and year-to-date performance metrics. The Fund's December distribution of $0.0800 per share comprises 70.38% from net investment income and 29.62% from net realized long-term capital gains. Year-to-date distributions total $0.9600 per share, sourced from net investment income (32.04%), short-term capital gains (8.76%), and long-term capital gains (59.20%).
The Fund's performance metrics show a year-to-date cumulative total return of 13.45% and a cumulative distribution rate of 7.62%. The five-year average annual total return ending November 30, 2024, stands at 6.08%, with a current annualized distribution rate of 7.62%.
Cohen & Steers Quality Income Realty Fund (RQI) has announced its December 2024 distribution details under its managed distribution policy. The Fund will distribute $0.0800 per share on December 31, 2024, comprising 92.88% from net investment income and 7.12% from net realized long-term capital gains.
The Fund's year-to-date performance shows a 17.76% cumulative total return and a 6.70% cumulative distribution rate. Over the five-year period ending November 30, 2024, the Fund achieved an average annual total return of 7.45% with a current annualized distribution rate of 6.70%.
Cohen & Steers Infrastructure Fund (UTF) has announced its December 2024 distribution details and sources. The monthly distribution of $0.1550 per share consists of 66% ($0.1023) from net investment income and 34% ($0.0527) from net realized long-term capital gains. Year-to-date distributions total $1.8600 per share, with 47.76% from net investment income and 52.24% from net realized long-term capital gains.
The Fund's performance metrics show a year-to-date cumulative total return of 21.46% and a five-year average annual total return of 7.49%. The current annualized distribution rate stands at 7.19% of NAV. The Fund operates under a managed distribution policy implemented in March 2015, aiming to deliver long-term total returns through regular monthly distributions.
Cohen & Steers (NYSE: CNS) has appointed Jon Cheigh as President, effective January 1, 2025, while maintaining his role as Chief Investment Officer. Cheigh, who joined the firm in 2005 as a research analyst, progressed through various roles including portfolio manager in 2008, Head of Global Real Estate in 2012, and Chief Investment Officer in 2019.
The appointment reflects Cheigh's successful leadership and mentoring abilities, and aligns with the firm's strategy for investment professional leadership. CEO Joseph Harvey praised Cheigh's transformative role in the real estate team and investment department, highlighting his consistent delivery of alpha and cultivation of a culture focused on creativity, innovation, teamwork, and excellence.