earnings
confidence high
sentiment positive
materiality 0.75
Cohen & Steers Q3 2024 EPS $0.77, revenue $133.2M; AUM rises to $91.8B
COHEN & STEERS, INC.
2024-Q3 EPS reported
$2.08
revenue$377,634,000
- GAAP diluted EPS $0.77 (up 23.3% from Q2), adjusted EPS also $0.77.
- Revenue $133.2M (+9.4% QoQ) driven by higher average AUM across all vehicles.
- Ending AUM $91.8B, up 13.7% from Q2; net inflows $1.3B and market appreciation $10.4B.
- Operating margin 33.7% GAAP (35.7% adjusted), up from 31.5% in Q2.
- Open-end fund net inflows of $1.1B into U.S. real estate highlight demand.