Cohen & Steers, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 20, 2022 at 04:27 pm EDT
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Cohen & Steers, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 147.43 million compared to USD 144.27 million a year ago. Net income was USD 51.96 million compared to USD 46.58 million a year ago. Basic earnings per share from continuing operations was USD 1.06 compared to USD 0.96 a year ago. Diluted earnings per share from continuing operations was USD 1.06 compared to USD 0.95 a year ago.
For the six months, revenue was USD 301.62 million compared to USD 270.02 million a year ago. Net income was USD 93.97 million compared to USD 95.43 million a year ago. Basic earnings per share from continuing operations was USD 1.93 compared to USD 1.98 a year ago. Diluted earnings per share from continuing operations was USD 1.91 compared to USD 1.95 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.