Cohen & Steers Inc. announced consolidated unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported total revenues of $79,681,000 compared with $83,815,000 for the same period a year ago. Operating income was $28,307,000 compared with $34,549,000 for the same period a year ago. Income before provision for income taxes was $28,950,000 compared with $32,997,000 for the same period a year ago. Net income attributable to common stockholders was $18,083,000 or $0.39 per diluted share compared with $20,816,000 or $0.45 per diluted share for the same period a year ago.

The company project that effective tax rate will remain at approximately 38% for 2016.