Loading...
•
Mar 31
Cohen & Steers Q1 2025 Earnings Report
Cohen & Steers reported Q1 2025 results with lower revenue and earnings compared to the previous quarter, but achieved AUM growth through positive inflows and market appreciation.
Key Takeaways
Cohen & Steers delivered solid Q1 2025 results with net income of $39.8M and adjusted EPS of $0.75. Revenue declined quarter-over-quarter, but the company saw growth in AUM driven by $222M net inflows and $2.1B market gains.
Total revenue declined 3.8% QoQ to $134.5M due to lower average AUM and fewer days in the quarter.
Net income attributable to common stockholders was $39.8M, down from $45.8M in Q4 2024.
Adjusted operating margin stood at 34.7%.
AUM increased to $87.6B, supported by $222M in net inflows and market appreciation of $2.1B.
Cohen & Steers
Cohen & Steers
Forward Guidance
No formal forward guidance was provided, but commentary suggests a focus on long-term performance and continued product demand.
Positive Outlook
- Solid net inflows during the quarter.
- Positive market appreciation of $2.1B contributed to AUM growth.
- Improved product mix led to better fee rates.
- Expansion in global listed infrastructure strategy.
- Strong U.S. real estate fund performance.
Challenges Ahead
- Revenue declined QoQ due to lower average AUM and fewer business days.
- Decrease in performance fees from institutional accounts.
- Adjusted EPS slightly lower than prior quarter.
- Increased general and administrative costs due to non-recurring items.
- Declines in some strategies like preferred securities and global real estate.