Cohen & Steers Q1 adjusted EPS $0.70, revenue up 3% QoQ; net outflows $2.0B

COHEN & STEERS, INC.

2023-Q1 EPS reported $0.68 revenue$122,710,000

Diluted EPS $0.68 GAAP ($0.70 adjusted); revenue $122.7M (+3% QoQ).
Operating margin 32.8% GAAP (35.5% adjusted); AUM $81.2B at quarter end.
Net outflows of $2.0B in Q1, primarily from institutional global/international real estate.
Two institutional accounts terminated due to elimination of real estate from strategic asset allocations.
Market appreciation $679M offset outflows and distributions $610M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

COHEN & STEERS, INC. reported the quarter ended March 31, 2024 results: revenue $122,710, net income $34,004, EPS $0.68.

Period: the quarter ended March 31, 2024
Revenue: $122,710
Net income: $34,004
EPS: $0.68
Result: reported results

Exact text from the filing

31, 2024. Financial Highlights (in thousands, except percentages and per share data) Three Months Ended March 31, 2024 December 31, 2023 $ Change % Change U.S. GAAP Revenue $ 122,710 $ 119,188 $ 3,522 3.0 % Expenses $ 82,445 $ 81,322 $ 1,123 1.4 % Operating income $ 40,265 $ 37,866 $ 2,399 6.3 % Non-operating income (loss) (1) $ 5,037 $ 16,651 $ (11,614) (69.7

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COHEN & STEERS, INC. filing history →

Source: SEC EDGAR

accession 0001284812-24-000186

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