Cohen & Steers Surpasses $100B AUM Milestone

Cohen & Steers reported a strong second quarter, with assets under management climbing to $100.1 billion, a significant 7.5% increase from the prior quarter. This milestone was bolstered by $1.3 billion in net inflows, the company's most robust quarterly inflow since the fourth quarter of 2021. This achievement extends Cohen & Steers' streak of organic growth to four consecutive quarters.

The investment manager's financial performance also surpassed analyst expectations. Adjusted earnings came in at $0.85 per share, higher than the anticipated $0.83. Revenue saw a 12% year-over-year increase, reaching $152.7 million. The company noted broad-based demand across its product offerings, including U.S. mutual funds, real estate-focused strategies, and actively managed ETFs, which now exceed $1 billion in assets.