Form 8-K

8-K — COHEN & STEERS, INC.

Accession: 0001284812-26-000195

Filed: 2026-10-15

Period: 2026-10-15

CIK: 0001284812

SIC: 6282 (INVESTMENT ADVICE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — cns-20261015.htm (Primary)

EX-99.1 — CNS EARNINGS ANNOUNCEMENT (cns-earningsannouncement93.htm)

EX-99.2 — CNS EARNINGS RELEASE (cns-earningsreleasex93026e.htm)

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8-K

8-K (Primary)

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0001284812false00012848122026-10-152026-10-15

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________

FORM 8-K

_____________________

CURRENT REPORT

Pursuant to section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): October 15, 2026

_____________________

Cohen & Steers, Inc.

(Exact Name of Registrant as Specified in Charter)

_____________________

Delaware 001-32236 14-1904657

(State or Other Jurisdiction

of Incorporation) (Commission File Number)

(IRS Employer

Identification No.)

1166 Avenue of the Americas

New York, NY 10036

(Address of principal executive offices and Zip Code)

(212) 832-3232

(Registrant's telephone number, including area code)

_________________________________________

(Former name or former address, if changed since last report)

________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, $0.01 par value CNS New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02. Results of Operations and Financial Condition.

On October 15, 2026, Cohen & Steers, Inc. (the Company) reported, among other things, the Company’s results for the quarter ended September 30, 2026. Copies of the press release announcing the availability of the Company’s results and the full earnings release are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively.

The information contained under Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 and Exhibit 99.2, is being furnished and, as a result, such information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The exhibits listed on the exhibit index accompanying this Current Report on Form 8-K are furnished herewith.

EXHIBIT INDEX

Exhibit No. Description

99.1

Earnings announcement press release dated October 15, 2026

99.2

Earnings release dated October 15, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Cohen & Steers, Inc.

(Registrant)

Date: October 15, 2026

By: /s/ Amit Muni

Name: Amit Muni

Title: Executive Vice President & Chief Financial Officer

EX-99.1 — CNS EARNINGS ANNOUNCEMENT

EX-99.1

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Cohen & Steers, Inc.

1166 Avenue of the Americas

New York, NY 10036-2708

Tel (212) 832-3232

COHEN & STEERS REPORTS RESULTS FOR THIRD QUARTER 2026

New York, NY, October 15, 2026—Cohen & Steers, Inc. (NYSE: CNS) today reported its results for the quarter ended September 30, 2026. The earnings release along with the accompanying earnings presentation can be viewed at Cohen & Steers Reports Results for Third Quarter 2026 and on the company’s website at www.cohenandsteers.com under "Company—Investor Relations—Earnings Archive."

Conference Call and Webcast Information

The company will host a conference call tomorrow, Friday, October 16, 2026, at 10:00 a.m. (ET) to discuss these results via webcast and telephone. Hosting the call will be Chief Executive Officer, Joseph Harvey, Chief Financial Officer, Amit Muni, and President and Chief Investment Officer, Jon Cheigh.

The earnings presentation will be displayed through the live webcast and referenced by management during the conference call.

Investors and analysts can access the live conference call by dialing +1-833-461-5787 (toll free) or +1-585-542-9983 (international); meeting ID: 350 591 233. Participants should plan to register at least 10 minutes before the conference call begins. Internet access to the live, listen-only webcast will be available on the company’s website at www.cohenandsteers.com under “Company—Investor Relations" under "Financials.” The accompanying presentation that will be used during the conference call will be available prior to the call on the company's website at the same page.

A replay of the call will be available for two weeks starting approximately two hours after the conference call concludes and can be accessed at +1-833-309-1852 (toll free); meeting ID: 350 591 233. A replay of the webcast will be archived on the website at www.cohenandsteers.com under “Company—Investor Relations” under “Financials.”

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.

Contact:

Brian Meta

Senior Vice President

Head of Investor Relations and FP&A

Tel (212) 796-9353

EX-99.2 — CNS EARNINGS RELEASE

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COHEN & STEERS REPORTS RESULTS FOR THIRD QUARTER 2026

Fifth consecutive quarter of organic growth, broadening client demand and continued execution across strategic growth initiatives

•Diluted EPS of $0.81; $0.89, adjusted

•AUM of $95.9 billion at quarter end

•Broad based net inflows of $1.6 billion, our strongest quarter since Q4 2021

•Continued Wealth channel momentum across mutual funds, ETFs and SICAVs

NEW YORK, NY, October 15, 2026—Cohen & Steers, Inc. (NYSE: CNS) today reported its results for the quarter ended September 30, 2026.

Joseph M. Harvey, Chief Executive Officer: “Our third-quarter results provide further evidence that our growth strategy is gaining traction. We generated our fifth consecutive quarter of organic growth with $1.6 billion of net inflows and positive contributions across a broad range of strategies, vehicles and client channels.” Mr. Harvey continued, "Demand for real assets is broadening as investors increasingly recognize their role in diversified portfolios. At the same time, our investments in new vehicles and global distribution are expanding how clients can access our capabilities and are increasing our addressable market. With strong investment capabilities, a more diversified platform and a healthy pipeline of future business, we believe Cohen & Steers is well positioned to build on this momentum and deliver sustainable long-term results for clients and shareholders."

Operating and Financial highlights

As of and for the quarters ended

September 30,

2026 June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2025

Operating results (in billions):

AUM $ 95.9 $ 100.1 $ 93.1 $ 90.5 $ 90.9

Net inflows (outflows) $ 1.6 $ 1.3 $ 0.5 $ 1.2 $ 0.2

Average AUM $ 101.1 $ 99.0 $ 94.4 $ 90.8 $ 89.7

GAAP results

Revenue (in millions)

$ 157.4 $ 152.7 $ 145.6 $ 143.8 $ 141.7

Net income (in millions)

$ 42.2 $ 49.3 $ 42.4 $ 34.9 $ 41.7

Diluted EPS $ 0.81 $ 0.95 $ 0.82 $ 0.68 $ 0.81

Operating margin 32.4 % 34.6 % 34.4 % 28.0 % 34.5 %

Fee Rate (ex. performance fees)

58.3 bps 58.5 bps 59.0 bps 58.7 bps 59.1 bps

Adjusted results (non-GAAP)

Revenue (in millions)

$ 156.4 $ 151.8 $ 144.3 $ 143.8 $ 140.9

Net income (in millions)

$ 46.5 $ 44.0 $ 40.7 $ 41.7 $ 41.7

Diluted EPS $ 0.89 $ 0.85 $ 0.79 $ 0.81 $ 0.81

Operating margin 37.2 % 36.3 % 35.1 % 36.4 % 36.1 %

Fee Rate (ex. performance fees)

57.9 bps 58.1 bps 58.4 bps 58.6 bps 58.7 bps

Business developments:

•In August, we launched Cohen & Steers Real Assets Active ETF (CSRA). This increases our active ETF offerings to seven funds across our core capabilities, accelerating our participation in the rapidly expanding ETF market while providing investors with greater flexibility and access to our investment expertise in real assets and preferred securities.

•The Cohen & Steers Real Estate Opportunities Fund (REOF) acquired two additional properties during the third quarter. Additionally, Cohen & Steers Income Opportunities REIT, Inc, (CNSREIT) acquired an additional shopping center in the third quarter, bringing the fund to a total of twelve properties. These properties demonstrate Cohen & Steers’ commitment to the investment thesis of acquiring well-occupied, income-generating shopping centers anchored by necessity-based retailers in growing, supply-constrained markets.

•In July, we appointed Erik Schneberger as Chief Marketing Officer, bringing more than two decades of experience leading and building award-winning marketing organizations across leading firms in the financial services industry. His expertise in brand and media strategies, digital innovation, and client engagement across wealth and institutional channels will help drive our global growth strategy as we continue to invest in distribution.

•Our international business development efforts continued in the third quarter of 2026 with several key milestones including the fundings of both our first Singaporean client and Philippine client, meaningful progress in our SICAV business with onboarding of our Short Duration Hybrid Credit & Income SICAV fund in partnership with a major multinational bank in Asia, and recognition for our Diversified Real Assets SICAV fund with Rayner Spencer Mills Research (RSMR) for “Best Specialist Fund” award beating out our competitors.

Quarterly highlights

Assets under management (AUM)

(in millions) As of

September 30,

2026 June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2025

By vehicle:

Mutual Funds $ 40,012 $ 41,598 $ 38,581 $ 37,503 $ 38,678

ETFs 1,310 1,075 597 374 199

SICAVs 2,225 2,006 1,653 1,533 1,436

Other Wealth Vehicles 4,158 4,314 4,010 4,027 4,108

Total Wealth 47,705 48,993 44,841 43,437 44,421

Institutional 36,208 38,523 36,029 35,060 34,711

Closed-end Funds 12,031 12,583 12,258 12,047 11,765

Total Firm $ 95,944 $ 100,099 $ 93,128 $ 90,544 $ 90,897

By strategy:

Real Estate $ 61,647 $ 65,248 $ 59,395 $ 58,165 $ 59,053

Preferred Securities 18,092 18,433 17,903 18,139 18,500

Global listed Infrastructure 12,488 13,082 12,808 11,606 10,660

Multi-Strategy Real Assets 3,717 3,336 3,022 2,634 2,684

Total Firm $ 95,944 $ 100,099 $ 93,128 $ 90,544 $ 90,897

Average AUM $ 101,105 $ 98,977 $ 94,361 $ 90,751 $ 89,738

_________________________

Note: Totals may not foot due to rounding.

AUM at the end of the quarter was $95.9 billion, a decrease of 4.2% from $100.1 billion at the end of the second quarter of 2026 due to market depreciation of $5.1 billion and distributions of $632 million, partially offset by net inflows of $1.6 billion. Average AUM increased 2.1% from the end of the second quarter of 2026. Firmwide net inflows were driven by our wealth channel, with net inflows across all of our strategies.

Revenues

Total revenues increased approximately 3% on both a GAAP and adjusted basis from the second quarter of 2026 due to higher average AUM and one additional day in the current quarter. Total revenues increased approximately 11% on both a GAAP and adjusted basis from the third quarter of 2025 primarily due to higher average AUM.

Expenses

Total operating expenses increased 6.4% on a GAAP basis from the second quarter of 2026 primarily due to distribution and service fees associated with the Cohen & Steers Quality Income Realty Fund, Inc. (RQI) rights offering. Adjusted total operating expenses increased 1.7% from the second quarter of 2026 primarily due to higher employee compensation and benefits, in line with the increase in revenues.

Total operating expenses increased 14.6% from the third quarter of 2025 primarily due to higher employee compensation and benefits due to higher revenue and AUM, and higher distribution and service fees primarily due to the RQI rights offering. Total adjusted operating expenses increased 9.1% from the third quarter of 2025 primarily due to higher employee compensation and benefits, consistent with the increase in revenues.

Income Taxes

Our effective income tax rate for the third quarter of 2026 was 26.4%, resulting in income tax expense of $15.2 million. Our adjusted effective income tax rate for the third quarter of 2026 was 25.6%.

Capital allocation and balance sheet

As of September 30, 2026, cash, cash equivalents, U.S. Treasurys and liquid seed investments were $387.8 million, compared with $354.3 million as of June 30, 2026.

During the quarter, the Board of Directors declared a $0.67 quarterly dividend per share, which was paid on August 20, 2026 to stockholders of record as of the close of business on August 10, 2026.

Investment Performance at September 30, 2026

________________________

(1) Past performance is no guarantee of future results. Outperformance is determined by comparing the annualized investment performance of each investment strategy to the performance of specified reference benchmarks. Investment performance in excess of the performance of the benchmark is considered outperformance. The investment performance calculation of each investment strategy is based on all active accounts and investment models pursuing similar investment objectives. For accounts, actual investment performance is measured gross of fees and net of withholding taxes. For investment models, for which actual investment performance does not exist, the investment performance of a composite of accounts pursuing comparable investment objectives is used as a proxy for actual investment performance. The performance of the specified reference benchmark for each account and investment model is measured net of withholding taxes, where applicable. This is not investment advice and may not be construed as sales or marketing material for any financial product or service sponsored or provided by Cohen & Steers.

(2) © 2026 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar calculates its ratings based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars and the bottom 10% receive one star. Past performance is no guarantee of future results. Based on independent rating by Morningstar, Inc. of investment performance of each Cohen & Steers-sponsored open-end U.S.-registered mutual fund for all share classes for the overall period at September 30, 2026. Overall Morningstar rating is a weighted average based on the 3-year, 5-year and 10-year Morningstar rating. Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages. This is not investment advice and may not be construed as sales or marketing material for any financial product or service sponsored or provided by Cohen & Steers.

Conference Call and Webcast Information

Cohen & Steers will host a conference call and webcast on Friday, October 16, 2026 at 10:00 a.m. (ET) to discuss the company's third quarter results. Investors and analysts can access the live conference call by dialing +1-833-461-5787 (toll free) or +1-585-542-9983 (international); meeting ID: 350 591 233. Participants should plan to register at least 10 minutes before the conference call begins. Internet access to the live, listen-only webcast will be available on the company's website at www.cohenandsteers.com under “Company—Investor Relations" under "Financials.” The accompanying presentation that will be used during the conference call will be available prior to the call on the company's website at the same page.

About Cohen & Steers

Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.

Forward-Looking Statements

This press release and other statements that Cohen & Steers may make may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the company's current views with respect to, among other things, the company's operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates" or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these forward-looking statements. The company believes that these factors include, but are not limited to, the risks described in the Risk Factors section of the company's Annual Report on Form 10-K for the year ended December 31, 2025 (the Form 10-K), which is accessible on the Securities and Exchange Commission's website at www.sec.gov and on the company's website at www.cohenandsteers.com. These factors are not exhaustive and should be read in conjunction with the other cautionary statements that are included in the company's Form 10-K and other filings with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

# # # #

Cohen & Steers, Inc. and Subsidiaries

Consolidated Statements of Operations (Unaudited)

(in thousands, except per share data)

Three Months Ended

September 30,

2026 June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2025

Revenue:

Investment advisory and administration fees $ 148,655 $ 144,285 $ 136,826 $ 135,890 $ 133,628

Distribution and service fees 8,056 7,919 8,055 7,475 7,513

Other 716 526 758 438 579

Total revenue 157,427 152,730 145,639 143,803 141,720

Expenses:

Employee compensation and benefits 64,115 61,506 57,702 56,076 57,196

Distribution and service fees 22,070 16,890 16,337 25,670 16,329

General and administrative 17,525 18,953 18,904 19,212 16,775

Depreciation and amortization 2,652 2,606 2,574 2,535 2,519

Total expenses 106,362 99,955 95,517 103,493 92,819

Operating income 51,065 52,775 50,122 40,310 48,901

Non-operating income (loss):

Interest and dividend income 5,942 5,218 5,307 5,217 5,106

Gain (loss) from investments—net (1,320) 14,186 1,011 (2,248) 692

Foreign currency gain (loss)—net 311 (166) 759 (991) 859

Total non-operating income (loss) 4,933 19,238 7,077 1,978 6,657

Income before provision for income taxes 55,998 72,013 57,199 42,288 55,558

Provision for income taxes 15,166 16,447 15,979 11,585 13,924

Net income 40,832 55,566 41,220 30,703 41,634

Net (income) loss attributable to noncontrolling

interests 1,412 (6,223) 1,148 4,176 77

Net income attributable to common stockholders $ 42,244 $ 49,343 $ 42,368 $ 34,879 $ 41,711

Earnings per share attributable to common

stockholders:

Basic $ 0.82 $ 0.96 $ 0.82 $ 0.68 $ 0.81

Diluted $ 0.81 $ 0.95 $ 0.82 $ 0.68 $ 0.81

Weighted average shares outstanding:

Basic 51,567 51,545 51,441 51,243 51,205

Diluted 52,114 51,861 51,595 51,639 51,572

Adjusted (non-GAAP)

Revenue $ 156,408 $ 151,837 $ 144,264 $ 143,794 $ 140,937

Expense $ 98,299 $ 96,692 $ 93,610 $ 91,432 $ 90,060

Operating income $ 58,109 $ 55,145 $ 50,654 $ 52,362 $ 50,877

Net income $ 46,458 $ 43,968 $ 40,692 $ 41,718 $ 41,720

Diluted EPS $ 0.89 $ 0.85 $ 0.79 $ 0.81 $ 0.81

Operating margin 37.2 % 36.3 % 35.1 % 36.4 % 36.1 %

Cohen & Steers, Inc. and Subsidiaries

Consolidated Statements of Operations (Unaudited)

(in thousands, except per share data)

Nine Months Ended

September 30,

2026 September 30,

2025

Revenue:

Investment advisory and administration fees $ 429,766 $ 388,944

Distribution and service fees 24,030 21,863

Other 2,000 1,506

Total revenue 455,796 412,313

Expenses:

Employee compensation and benefits 183,323 168,390

Distribution and service fees 55,297 47,224

General and administrative 55,382 52,022

Depreciation and amortization 7,832 7,251

Total expenses 301,834 274,887

Operating income 153,962 137,426

Non-operating income (loss):

Interest and dividend income 16,467 16,792

Gain (loss) from investments—net 13,877 10,960

Foreign currency gain (loss)—net 904 (2,836)

Total non-operating income (loss) 31,248 24,916

Income before provision for income taxes 185,210 162,342

Provision for income taxes 47,592 35,647

Net income 137,618 126,695

Net (income) loss attributable to noncontrolling interests (3,663) (8,357)

Net income attributable to common stockholders $ 133,955 $ 118,338

Earnings per share attributable to common stockholders:

Basic $ 2.60 $ 2.31

Diluted $ 2.58 $ 2.30

Weighted average shares outstanding:

Basic 51,518 51,143

Diluted 51,858 51,488

Adjusted (non-GAAP)

Revenue $ 452,509 $ 410,047

Expense $ 288,601 $ 267,266

Operating income $ 163,908 $ 142,781

Net income $ 131,118 $ 117,397

Diluted EPS $ 2.53 $ 2.28

Operating margin 36.2 % 34.8 %

Cohen & Steers, Inc. and Subsidiaries

Assets Under Management

By Investment Vehicle

(in millions)

Three Months Ended

September 30,

2026 June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2025

Wealth

Assets under management, beginning of period $ 48,993 $ 44,841 $ 43,437 $ 44,421 $ 42,962

Inflows 3,685 4,275 3,358 3,487 3,148

Outflows (2,388) (2,821) (2,803) (3,474) (2,380)

Net inflows (outflows) 1,297 1,454 555 13 768

Market appreciation (depreciation) (2,268) 3,147 1,155 (378) 972

Distributions (317) (449) (306) (535) (305)

Transfers — — — (84) 24

Total increase (decrease) (1,287) 4,152 1,404 (984) 1,459

Assets under management, end of period $ 47,705 $ 48,993 $ 44,841 $ 43,437 $ 44,421

Average assets under management $ 49,680 $ 48,111 $ 45,279 $ 43,812 $ 43,633

Institutional

Assets under management, beginning of period $ 38,523 $ 36,029 $ 35,060 $ 34,711 $ 34,386

Inflows 1,117 1,372 1,103 1,790 812

Outflows (1,068) (1,529) (1,162) (1,109) (1,349)

Net inflows (outflows) 49 (157) (59) 681 (537)

Market appreciation (depreciation) (2,220) 2,801 1,184 (252) 1,054

Distributions (144) (150) (156) (164) (168)

Transfers — — — 84 (24)

Total increase (decrease) (2,315) 2,494 969 349 325

Assets under management, end of period $ 36,208 $ 38,523 $ 36,029 $ 35,060 $ 34,711

Average assets under management $ 38,838 $ 38,272 $ 36,714 $ 34,924 $ 34,459

Closed-end Funds

Assets under management, beginning of period $ 12,583 $ 12,258 $ 12,047 $ 11,765 $ 11,588

Inflows 204 1 1 513 2

Outflows — — — — —

Net inflows (outflows) 204 1 1 513 2

Market appreciation (depreciation) (585) 493 375 (55) 329

Distributions (171) (169) (165) (176) (154)

Total increase (decrease) (552) 325 211 282 177

Assets under management, end of period $ 12,031 $ 12,583 $ 12,258 $ 12,047 $ 11,765

Average assets under management $ 12,587 $ 12,594 $ 12,368 $ 12,015 $ 11,646

12587000000

Total

Assets under management, beginning of period $ 100,099 $ 93,128 $ 90,544 $ 90,897 $ 88,936

Inflows 5,006 5,648 4,462 5,790 3,962

Outflows (3,456) (4,350) (3,965) (4,583) (3,729)

Net inflows (outflows) 1,550 1,298 497 1,207 233

Market appreciation (depreciation) (5,073) 6,441 2,714 (685) 2,355

Distributions (632) (768) (627) (875) (627)

Total increase (decrease) (4,155) 6,971 2,584 (353) 1,961

Assets under management, end of period $ 95,944 $ 100,099 $ 93,128 $ 90,544 $ 90,897

Average assets under management $ 101,105 $ 98,977 $ 94,361 $ 90,751 $ 89,738

_________________________

Note: Totals may not foot due to rounding.

Cohen & Steers, Inc. and Subsidiaries

Assets Under Management

By Wealth Vehicle

(in millions)

Three Months Ended

September 30,

2026 June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2025

Mutual Funds

Assets under management, beginning of period $ 41,598 $ 38,581 $ 37,503 $ 38,678 $ 37,464

Inflows 2,722 3,185 2,743 2,797 2,732

Outflows (1,995) (2,380) (2,432) (2,989) (2,023)

Net inflows (outflows) 727 805 311 (192) 709

Market appreciation (depreciation) (2,011) 2,838 1,065 (370) 805

Distributions (301) (437) (298) (529) (300)

Transfers — (189) — (84) —

Total increase (decrease) (1,585) 3,017 1,078 (1,175) 1,214

Assets under management, end of period $ 40,012 $ 41,598 $ 38,581 $ 37,503 $ 38,678

Average assets under management $ 41,918 $ 41,196 $ 39,053 $ 37,966 $ 38,033

ETFs

Assets under management, beginning of period $ 1,075 $ 597 $ 374 $ 199 $ 124

Inflows 368 358 244 181 76

Outflows (94) (77) (33) (6) (6)

Net inflows (outflows) 274 281 211 175 70

Market appreciation (depreciation) (28) 16 16 3 7

Distributions (9) (8) (4) (3) (2)

Transfers — 189 — — —

Total increase (decrease) 236 478 223 175 75

Assets under management, end of period $ 1,310 $ 1,075 $ 597 $ 374 $ 199

Average assets under management $ 1,241 $ 813 $ 488 $ 260 $ 157

SICAVs

Assets under management, beginning of period $ 2,006 $ 1,653 $ 1,533 $ 1,436 $ 1,365

Inflows 395 529 195 366 170

Outflows (105) (203) (132) (278) (159)

Net inflows (outflows) 290 326 63 88 11

Market appreciation (depreciation) (69) 28 58 10 37

Distributions (3) (1) (1) (1) (1)

Transfers — — — — 24

Total increase (decrease) 219 353 120 97 71

Assets under management, end of period $ 2,225 $ 2,006 $ 1,653 $ 1,533 $ 1,436

Average assets under management $ 2,207 $ 1,890 $ 1,659 $ 1,511 $ 1,376

Other Wealth Vehicles

Assets under management, beginning of period $ 4,314 $ 4,010 $ 4,027 $ 4,108 $ 4,009

Inflows 200 203 176 143 170

Outflows (194) (161) (206) (201) (192)

Net inflows (outflows) 7 42 (30) (58) (22)

Market appreciation (depreciation) (160) 265 16 (21) 123

Distributions (4) (3) (3) (2) (2)

Total increase (decrease) (157) 304 (17) (81) 99

Assets under management, end of period $ 4,158 $ 4,314 $ 4,010 $ 4,027 $ 4,108

Average assets under management $ 4,314 $ 4,212 $ 4,079 $ 4,075 $ 4,067

_________________________

Note: Totals may not foot due to rounding.

Cohen & Steers, Inc. and Subsidiaries

Assets Under Management

By Investment Strategy

(in millions)

Three Months Ended

September 30,

2026 June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2025

Real Estate

Assets under management, beginning of period $ 65,248 $ 59,395 $ 58,165 $ 59,053 $ 58,306

Inflows 3,097 3,654 2,883 3,286 2,631

Outflows (2,413) (3,077) (2,788) (2,632) (2,648)

Net inflows (outflows) 684 577 95 654 (17)

Market appreciation (depreciation) (3,911) 5,723 1,518 (1,025) 1,154

Distributions (374) (447) (383) (517) (390)

Total increase (decrease) (3,601) 5,853 1,230 (888) 747

Assets under management, end of period $ 61,647 $ 65,248 $ 59,395 $ 58,165 $ 59,053

Average assets under management $ 65,987 $ 64,246 $ 60,734 $ 58,480 $ 58,513

Preferred Securities

Assets under management, beginning of period $ 18,433 $ 17,903 $ 18,139 $ 18,500 $ 17,955

Inflows 985 954 850 956 886

Outflows (704) (773) (718) (1,290) (756)

Net inflows (outflows) 282 181 132 (334) 130

Market appreciation (depreciation) (428) 539 (185) 157 599

Distributions (193) (190) (183) (184) (184)

Total increase (decrease) (340) 530 (236) (361) 545

Assets under management, end of period $ 18,092 $ 18,433 $ 17,903 $ 18,139 $ 18,500

Average assets under management $ 18,397 $ 18,325 $ 18,240 $ 18,300 $ 18,300

Global Listed Infrastructure

Assets under management, beginning of period $ 13,082 $ 12,808 $ 11,606 $ 10,660 $ 10,175

Inflows 466 476 438 1,323 214

Outflows (242) (316) (307) (389) (155)

Net inflows (outflows) 224 160 131 934 59

Market appreciation (depreciation) (761) 213 1,125 105 472

Distributions (57) (99) (54) (93) (46)

Total increase (decrease) (594) 274 1,202 946 485

Assets under management, end of period $ 12,488 $ 13,082 $ 12,808 $ 11,606 $ 10,660

Average assets under management $ 13,089 $ 13,084 $ 12,476 $ 11,292 $ 10,358

Cohen & Steers, Inc. and Subsidiaries

Assets Under Management

By Investment Strategy - continued

(in millions)

Three Months Ended

September 30,

2026 June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2025

Multi-Strategy Real Assets

Assets under management, beginning of period $ 3,336 $ 3,022 $ 2,634 $ 2,684 $ 2,500

Inflows 458 564 291 225 231

Outflows (97) (184) (152) (272) (170)

Net inflows (outflows) 361 380 139 (47) 61

Market appreciation (depreciation) 28 (34) 256 78 130

Distributions (8) (32) (7) (81) (7)

Total increase (decrease) 381 314 388 (50) 184

Assets under management, end of period $ 3,717 $ 3,336 $ 3,022 $ 2,634 $ 2,684

Average assets under management $ 3,633 $ 3,322 $ 2,911 $ 2,679 $ 2,567

Total

Assets under management, beginning of period $ 100,099 $ 93,128 $ 90,544 $ 90,897 $ 88,936

Inflows 5,006 5,648 4,462 5,790 3,962

Outflows (3,456) (4,350) (3,965) (4,583) (3,729)

Net inflows (outflows) 1,550 1,298 497 1,207 233

Market appreciation (depreciation) (5,073) 6,441 2,714 (685) 2,355

Distributions (632) (768) (627) (875) (627)

Total increase (decrease) (4,155) 6,971 2,584 (353) 1,961

Assets under management, end of period $ 95,944 $ 100,099 $ 93,128 $ 90,544 $ 90,897

Average assets under management $ 101,105 $ 98,977 $ 94,361 $ 90,751 $ 89,738

_________________________

Notes:

(1) Totals may not foot due to rounding.

(2) Investment strategies were reclassified during the current quarter and prior period amounts have been recast to conform to the current presentation. Such reclassifications had no impact on the total assets under management previously reported.

Reconciliations of U.S. GAAP to Adjusted Financial Results

Management believes that use of the following adjusted (non-GAAP) financial results provides greater transparency into the company’s operating performance. In addition, these adjusted financial results are used to prepare the company's internal management reports that are used in evaluating its business. While management believes that these adjusted financial results are useful in evaluating operating performance, this information should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with U.S. GAAP.

Net Income Attributable to Common Stockholders and Diluted Earnings per Share

Three Months Ended Nine Months Ended

(in thousands, except per share data) September 30,

2026 June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2026 September 30,

2025

Net income attributable to common stockholders, U.S. GAAP $ 42,244 $ 49,343 $ 42,368 $ 34,879 $ 41,711 $ 133,955 $ 118,338

Seed investments—net (1)

(1,330) (8,974) (3,299) (1,498) (1,320) (13,603) (4,893)

Accelerated vesting of restricted stock units

424 771 (4) (77) 1,142 1,191 3,346

Fund launch and rights offering costs 5,105 1,264 335 10,814 650 6,704 650

Other non-recurring expenses (2)

1,128 — — — — 1,128 616

Foreign currency (gain) loss—net

(311) 166 (759) 422 (677) (904) 3,034

Tax effects of adjustments above

(895) 1,928 1,300 (2,062) (132) 2,333 (789)

Tax effects of discrete tax items (3)

93 (530) 751 (760) 346 314 (2,905)

Net income attributable to common stockholders, adjusted $ 46,458 $ 43,968 $ 40,692 $ 41,718 $ 41,720 $ 131,118 $ 117,397

Diluted weighted average shares outstanding 52,114 51,861 51,595 51,639 51,572 51,858 51,488

Diluted earnings per share, U.S. GAAP $ 0.81 $ 0.95 $ 0.82 $ 0.68 $ 0.81 $ 2.58 $ 2.30

Seed investments—net (1)

(0.02) (0.17) (0.06) (0.03) (0.03) (0.26) (0.10)

Accelerated vesting of restricted stock units

0.01 0.02 — * — * 0.02 0.03 0.07

Fund launch and rights offering costs 0.10 0.02 0.01 0.21 0.01 0.13 0.01

Other non-recurring expenses (2)

0.02 — — — — 0.02 0.01

Foreign currency (gain) loss—net

(0.01) — * (0.02) 0.01 (0.01) (0.02) 0.06

Tax effects of adjustments above

(0.02) 0.04 0.03 (0.04) — * 0.04 (0.01)

Tax effects of discrete tax items (3)

— * (0.01) 0.01 (0.02) 0.01 0.01 (0.06)

Diluted earnings per share, adjusted $ 0.89 $ 0.85 $ 0.79 $ 0.81 $ 0.81 $ 2.53 $ 2.28

_________________________

* Amounts round to less than $0.01 per share.

(1)Represents the impact of consolidated funds and the net effect of corporate seed investment performance.

(2)Represents a compensation-related tax adjustment for the three and nine months ended September 30, 2026, and reimbursement of filing fees paid by certain members of senior leadership for the nine months ended September 30, 2025.

(3)Includes excess tax benefits/deficiencies related to the vesting and delivery of restricted stock units and unrecognized tax benefit adjustments.

Reconciliations of U.S. GAAP to Adjusted Financial Results

Revenue, Expenses, Operating Income and Operating Margin

(in thousands, except percentages) Three Months Ended Nine Months Ended

September 30,

2026 June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2026 September 30,

2025

Revenue, U.S. GAAP $ 157,427 $ 152,730 $ 145,639 $ 143,803 $ 141,720 $ 455,796 $ 412,313

Fund related amounts (1)

(1,019) (893) (1,375) (9) (783) (3,287) (2,266)

Revenue, adjusted $ 156,408 $ 151,837 $ 144,264 $ 143,794 $ 140,937 $ 452,509 $ 410,047

Expenses, U.S. GAAP $ 106,362 $ 99,955 $ 95,517 $ 103,493 $ 92,819 $ 301,834 $ 274,887

Fund related amounts (1)

(1,406) (1,228) (1,576) (1,324) (967) (4,210) (3,009)

Accelerated vesting of restricted stock units

(424) (771) 4 77 (1,142) (1,191) (3,346)

Fund launch and rights offering costs (5,105) (1,264) (335) (10,814) (650) (6,704) (650)

Other non-recurring expenses (2)

(1,128) — — — — (1,128) (616)

Expenses, adjusted $ 98,299 $ 96,692 $ 93,610 $ 91,432 $ 90,060 $ 288,601 $ 267,266

Operating income, U.S. GAAP $ 51,065 $ 52,775 $ 50,122 $ 40,310 $ 48,901 $ 153,962 $ 137,426

Fund related amounts (1)

387 335 201 1,315 184 923 743

Accelerated vesting of restricted stock units

424 771 (4) (77) 1,142 1,191 3,346

Fund launch and rights offering costs 5,105 1,264 335 10,814 650 6,704 650

Other non-recurring expenses (2)

1,128 — — — — 1,128 616

Operating income, adjusted $ 58,109 $ 55,145 $ 50,654 $ 52,362 $ 50,877 $ 163,908 $ 142,781

Operating margin, U.S. GAAP 32.4 % 34.6 % 34.4 % 28.0 % 34.5 % 33.8 % 33.3 %

Operating margin, adjusted 37.2 % 36.3 % 35.1 % 36.4 % 36.1 % 36.2 % 34.8 %

_________________________

(1)Represents the impact of consolidated funds and expenses incurred on behalf of certain company-sponsored funds.

Non-operating Income (Loss)

(in thousands) Three Months Ended Nine Months Ended

September 30,

2026 June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2026 September 30,

2025

Non-operating income (loss), U.S. GAAP $ 4,933 $ 19,238 $ 7,077 $ 1,978 $ 6,657 $ 31,248 $ 24,916

Seed investments—net (1)

(305) (15,532) (2,352) 1,363 (1,427) (18,189) (13,993)

Foreign currency (gain) loss—net

(311) 166 (759) 422 (677) (904) 3,034

Non-operating income (loss), adjusted $ 4,317 $ 3,872 $ 3,966 $ 3,763 $ 4,553 $ 12,155 $ 13,957

_________________________

(1)Represents the impact of consolidated funds and the net effect of corporate seed investment performance.

Contact:

Brian Meta

Senior Vice President

Head of Investor Relations and FP&A

Tel (212) 796-9353

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