Cohen & Steers $(CNS)$ reported FY 2025 revenue of USD 556.1 million (+7.5%) and operating income of USD 177.7 million, with operating margin of 32.0%. FY 2025 net income attributable to common stockholders was USD 153.2 million and diluted EPS was USD 2.97; on an as-adjusted basis, net income attributable to common stockholders was USD 159.1 million and diluted EPS was USD 3.09. CNS ended FY 2025 with assets under management of USD 90.5 billion (+5.5%), driven by net inflows of USD 1.5 billion and market appreciation of USD 6.1 billion, partially offset by distributions of USD 2.9 billion. Open-end fund AUM was USD 43.4 billion (+6.0%), institutional AUM was USD 35.1 billion (+4.5%), and closed-end fund AUM was USD 12.0 billion (+6.7%). Closed-end fund inflows included USD 621.0 million, including USD 513.0 million tied to the Cohen & Steers Infrastructure Fund $(UTF)$ rights offering. In business updates, CNS cited a volatile 2025 macro backdrop and highlighted disciplined risk management and cost control. The company also declared a quarterly dividend of USD 0.67 per share on February 26, 2025, payable March 19, 2026, and reported net liquid assets of USD 367.0 million at December 31, 2025.

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