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) reported preliminary assets under management (AUM) of $91.4 billion as of November 30, 2024, representing a $1.7 billion increase from October's $89.7 billion. The growth was primarily driven by market appreciation of $1.9 billion, which was partially offset by distributions of $151 million and net outflows of $98 million.
The AUM breakdown shows Open-end Funds at $43.3 billion, Institutional Accounts at $36.3 billion, and Closed-end Funds at $11.8 billion. Within Institutional Accounts, Advisory accounts held $20.6 billion, Japan Subadvisory $9.3 billion, and Subadvisory excluding Japan $6.4 billion.
Cohen & Steers (NYSE: CNS) has been recognized as one of the 'Best Places to Work in Money Management' by Pensions & Investments for the fifth consecutive year. This recognition comes through a comprehensive evaluation process conducted in partnership with Workforce Research Group, involving a two-part survey.
The assessment consisted of workplace policies and practices evaluation (20% of score) and an employee experience survey (80% of score). CEO Joseph Harvey highlighted the company's commitment to fostering an inclusive culture where employees can collaborate, contribute to communities through volunteerism, and pursue excellence in delivering superior investment results.
The recognition is part of P&I's 13th annual program aimed at identifying top employers in the money management industry.
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) has announced its November 2024 distribution details under its managed distribution policy. The current distribution of $0.0870 per share consists of 43.10% ($0.0375) from net investment income and 56.90% ($0.0495) from return of capital. Year-to-date, the Fund has distributed $0.9570 per share, with 36.32% from net investment income and 63.68% from return of capital. The Fund's performance metrics show a year-to-date total return of 20.01% and a five-year average annual return of 7.26%. The current annualized distribution rate stands at 8.66%.
Cohen & Steers Total Return Realty Fund (NYSE: RFI) has announced its November 2024 distribution details and year-to-date performance. The Fund's distribution of $0.0800 per share comprises 18% from net investment income, 4.50% from short-term capital gains, 55.25% from long-term capital gains, and 22.25% from return of capital. The Fund's year-to-date cumulative total return through October 31, 2024, is 10.59%, with a current annualized distribution rate of 7.77%. The Fund's five-year average annual total return ending October 31, 2024, stands at 5.29%.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) has announced its November 2024 distribution details. The Fund maintains a managed distribution policy that aims to deliver long-term total returns through monthly distributions. The current distribution of $0.1360 per share comes entirely from net investment income. For the year-to-date period through October 31, 2024, the Fund achieved a 14.00% cumulative total return with a current annualized distribution rate of 7.35%. The Fund's five-year average annual total return stands at 6.01%.
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) has announced its November 2024 distribution details under its managed distribution policy. The current distribution of $0.0800 per share consists of 19.63% from Net Investment Income ($0.0157) and 80.37% from Net Realized Long-Term Capital Gains ($0.0643). Year-to-date through October 31, 2024, the Fund has achieved a 13.64% cumulative total return with a 6.33% cumulative distribution rate. The Fund's five-year average annual total return stands at 6.31%, with a current annualized distribution rate of 6.91%.
Cohen & Steers Infrastructure Fund (NYSE: UTF) has announced its November 2024 distribution details and sources. The current distribution of $0.1550 per share comprises 63.16% from net investment income, 11.81% from short-term capital gains, and 25.03% from long-term capital gains. The Fund's year-to-date cumulative total return through October 31, 2024, is 17.05%, with a cumulative distribution rate of 6.80%. The Fund maintains a managed distribution policy implemented in March 2015, aiming to deliver long-term total returns through regular monthly distributions. The five-year average annual total return ending October 31, 2024, stands at 6.30%, with a current annualized distribution rate of 7.42%.
Cohen & Steers (NYSE: CNS) reported preliminary assets under management (AUM) of $89.7 billion as of October 31, 2024, representing a $2.0 billion decrease from September's $91.8 billion. The decline was attributed to market depreciation of $2.3 billion and distributions of $150 million, partially offset by net inflows of $454 million.
The company's AUM breakdown shows Open-end Funds at $42.5 billion, Total Institutional Accounts at $35.6 billion, and Closed-end Funds at $11.7 billion. While Open-end Funds saw positive net flows of $546 million, Institutional Accounts experienced net outflows of $93 million.
Cohen & Steers (NYSE: CNS) has announced upcoming modifications to its Global Realty Majors Portfolio Index (GRM) and International Realty Majors Portfolio Index (IRP), effective November 15, 2024. The changes include adding Charter Hall Group (CHC.AU) and removing Daiwa House REIT Investment Corp. (8984.JP) from both indexes. Additionally, Big Yellow Group Plc (BYG.LN) and Cofinimmo SA (COFB.BB) will be removed from the IRP. These indexes are free-float adjusted, modified market capitalization-weighted, and are quoted intraday on the Chicago Mercantile Exchange.
Cohen & Steers (NYSE: CNS) has appointed Karen Wilson Thissen to its Board of Directors, including positions on the Audit, Compensation, and Nominating and Corporate Governance Committees. Thissen currently serves as General Counsel and Secretary of General Mills, and previously held the position of Executive Vice President and General Counsel at Ameriprise Financial from 2017 to 2022. The company's leadership highlighted her extensive experience in wealth management and executive leadership at S&P 500 companies as valuable assets for strategic development and shareholder value creation.