secwatch.observer — SEC 8-K summary
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Issuer:     COHEN & STEERS, INC. (CNS)
CIK:        0001284812
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0001284812-23-000216
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cohen & Steers Q2 GAAP EPS $0.64, adjusted $0.70; revenue down 4.3% QoQ to $120.6M
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- Diluted GAAP EPS $0.64; as adjusted EPS $0.70, down 10% and 7.7% QoQ, respectively.
- Revenue $120.6M, down 4.3% from Q1 2023, driven by lower average AUM across all vehicle types.
- Operating margin 33.9% GAAP, 36.4% as adjusted; down 170 bps and 160 bps QoQ, respectively.
- Ending AUM $80.4B (+0.6% QoQ) on market appreciation of $1.8B, offset by net outflows of $512M.
- Net outflows of $512M driven by open-end fund redemptions in preferred securities and U.S. real estate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1284812/000128481223000216/0001284812-23-000216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1284812/000128481223000216/cns-20230719.htm
  HTML page:      https://secwatch.observer/filing/0001284812-23-000216

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer