Cohen & Steers, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2021
July 20, 2021
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Cohen & Steers, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2021. For the quarter, the company reported total revenue was $144,269,000 against $94,087,000 a year ago. Operating income was $59,697,000 against $35,295,000 a year ago. Net income was $52,406,000 against $32,162,000 a year ago. Basic per share was $0.96 against $0.6 a year ago. Diluted per share was $0.95 against $0.59 a year ago.
For the six months, the company reported total revenue was $270,016,000 against $199,917,000 a year ago. Operating income was $111,635,000 against $63,664,000 a year ago. Net income was $104,836,000 against $40,230,000 a year ago. Basic per share was $1.98 against $1.03 a year ago. Diluted per share was $1.95 against $1.01 a year ago.
Cohen & Steers, Inc. is a holding company, which is engaged in global investment management. The Company is specialized in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. The Companyâs distribution network encompasses two channels, wealth and institutional. Its wealth channel includes registered investment advisers, wire houses, independent and regional broker dealers and bank trusts. Its institutional channel includes sovereign wealth funds, corporate plans, insurance companies and public funds, including defined benefit and defined contribution plans, as well as other financial institutions that access its investment management services directly or through consultants and other intermediaries. The Company manages three types of investment vehicles, such as open-end funds, institutional accounts, and closed end.