---
schema_version: "secwatch.filing_event.v1"
accession: "0001284812-23-000018"
form_type: "8-K"
ticker: "CNS"
cik: "0001284812"
company_name: "COHEN & STEERS, INC."
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T09:15:19.482896+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cohen & Steers Q4 diluted EPS $0.66 ($0.79 adjusted); revenue down 10% sequentially; net outflows $1.1B

## Summary
- Q4 GAAP diluted EPS $0.66 vs $0.90 in Q3; adjusted EPS $0.79 vs $0.92.
- Q4 revenue $125.3M, down 10.4% from Q3 and 21.5% YoY; full-year revenue $566.9M vs $583.8M in 2021.
- Ending AUM $80.4B, up 1.5% from Q3, driven by market appreciation of $3.5B partially offset by net outflows of $1.1B.
- Operating margin GAAP 37.3% (Q4) vs 40.9% (Q3); full-year GAAP 38.1% vs 44.6% in 2021.
- Net outflows of $1.1B in Q4, led by $837M from preferred-securities open-end funds; distributions of $1.2B.

## SEC filing metadata
- accession: 0001284812-23-000018
- form_type: 8-K
- ticker: CNS
- cik: 0001284812
- company_name: COHEN & STEERS, INC.
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1284812/000128481223000018/0001284812-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1284812/000128481223000018/cns-20230125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001284812-23-000018
- JSON: https://secwatch.observer/filing/0001284812-23-000018.json
- Plain text: https://secwatch.observer/filing/0001284812-23-000018.txt

## Key facts
- Earnings Releases
  COHEN & STEERS, INC. reported the year ended December 31, 2022 results: revenue $566,906, net income $171,042, EPS $3.47.
  - Period: the year ended December 31, 2022
  - Revenue: $566,906
  - Net income: $171,042
  - EPS: $3.47
  - Result: reported results
  source text: data) Three Months Ended Year Ended December 31, 2022 September 30, 2022 December 31, 2021 December 31, 2022 December 31, 2021 U.S. GAAP Revenue $ 125,335 $ 139,951 $ 159,629 $ 566,906 $ 583,832 Expenses $ 78,563 $ 82,770 $ 79,123 $ 350,968 $ 323,460 Operating income $ 46,772 $ 57,181 $ 80,506 $ 215,938 $ 260,372 Non-operating income (loss) (1) $ 2,825 $ (1,974)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1284812/000128481223000018/0001284812-23-000018-index.htm
- Earnings Releases
  COHEN & STEERS, INC. reported the fourth quarter ended December 31, 2022 results: revenue $125,335, net income $32,498, EPS $0.66.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $125,335
  - Net income: $32,498
  - EPS: $0.66
  - Result: reported results
  source text: percentages and per share data) Three Months Ended Year Ended December 31, 2022 September 30, 2022 December 31, 2021 December 31, 2022 December 31, 2021 U.S. GAAP Revenue $ 125,335 $ 139,951 $ 159,629 $ 566,906 $ 583,832 Expenses $ 78,563 $ 82,770 $ 79,123 $ 350,968 $ 323,460 Operating income $ 46,772 $ 57,181 $ 80,506 $ 215,938 $ 260,372 Non-operating
  evidence_url: https://www.sec.gov/Archives/edgar/data/1284812/000128481223000018/0001284812-23-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.