Cohen & Steers reported August assets under management of $101.0 billion, a $1.5 billion sequential decline driven entirely by $1.9 billion in market depreciation and $155 million in distributions, while net client inflows of $528 million softened the drop. Open-end funds led the monthly inflows with $430 million, complemented by $119 million from subadvisory mandates. The August flows echo the firm's July 17 earnings report, when second-quarter net inflows touched $1.3 billion, adjusted earnings per share climbed to $0.85 from $0.73 a year prior, and operating margin expanded to 36.3 percent. CEO Joseph Harvey pointed to institutional mandate wins across Korea, Hong Kong and the Philippines, an active ETF suite exceeding $1 billion, and a REIT rally he said signals a broader capital rotation back into real estate. The performance record remains the weak spot, with only 41 percent of assets outperforming over the past year, which management blamed on the US REIT strategy's cell tower holdings amid slower carrier spending and satellite displacement worries. The stock trades at 18.45 times forward earnings, and short interest stands at 5.44 percent of the float.
Cohen & Steers IncAugust net client inflows of $528 million softened the AUM decline, echoing Q2 net inflows of $1.3 billion and EPS rising to $0.85 from $0.73.
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