Cohen & Steers (CNS) reported adjusted EPS of $0.89, up from $0.85 in the prior quarter, with revenue of $156 million and an adjusted operating margin of 37.2%. Assets under management fell to $95.9 billion from $100 billion due to negative market movement, yet net inflows reached $1.6 billion, the fifth straight quarter of organic growth and the strongest since Q4 2021. The institutional pipeline rose to $1.9 billion from $1.6 billion, and active ETF assets grew 22% to $1.3 billion. Institutional outflows of about $400 million were notified, reflecting one client exiting an asset class and another undergoing an acquisition. Management highlighted growing demand for real assets as inflation protection and diversification amid rising interest rates.
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