[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  LongYield [@LongYield](/creator/twitter/LongYield) on x 4480 followers Created: 2025-07-20 16:52:36 UTC $CNS Cohen & Steers, Inc. Earnings Call Key Highlights: (1/2) 📊 Financial Performance and Operating Metrics Q2 2025 earnings were $XXXX per share, down slightly from $XXXX in Q1, reflecting modestly higher expenses and stable revenues. Revenue increased XXX% quarter-over-quarter to $XXX million, driven by higher average assets under management (AUM) and a favorable day count. Operating margin decreased to XXXX% from XXXX% in the prior quarter, as expenses rose more than revenues. Compensation and benefits remained aligned with revenue growth, holding the compensation ratio steady at 40.5%. 💼 Assets Under Management and Flow Trends Ending AUM reached $XXXX billion, up from $XXXX billion in Q1, benefiting from market appreciation despite April volatility. Open-end fund net inflows continued for the fourth straight quarter, totaling $XXX million, while institutional and sub-advisory channels experienced net outflows. Advisory outflows totaled $XXX million due to portfolio rebalancing and strategy realignment, though none were performance-related. Total net outflows for the quarter were $XXX million, with year-to-date flows remaining positive and exceeding industry averages. 🌐 Active ETFs and Wealth Channel Expansion Launched three active ETFs in February—real estate, preferreds, and natural resource equities—generating $XX million in Q2 net inflows. Active ETFs reached $XXX million in total AUM, including seed capital, with strong alpha and competitive peer rankings in early performance. Early ETF adoption includes RIAs exclusively using ETFs and wirehouse advisors converting existing books to ETF structures. Plans are in motion to expand the ETF suite with additional core strategies in response to shifting adviser preferences. 🏠 Real Estate Market Bottoming and Strategy Positioning Management highlighted a turning point in private real estate, with four consecutive quarters of positive returns following a prolonged downturn. Shopping centers, particularly open-air necessity-based formats, are leading the recovery and are a key focus of CNS's private real estate strategies. Elevated interest rates have helped restore rent growth dynamics by suppressing overdevelopment, improving supply-demand fundamentals. Cohen & Steers sees current valuations in real assets, especially real estate, as offering compelling risk-reward opportunities. 🔄 Innovation in Listed and Private Real Estate Integration Launched a tactical listed and private real estate strategy in partnership with IDR Investment Management, targeting institutional investors. The strategy combines listed REITs and a core private real estate index replication approach to enhance liquidity, returns, and tactical allocation flexibility. Advantages cited include reduced drawdowns, better liquidity profiles, and improved alpha generation over traditional core private strategies. Discussions with early institutional prospects are underway; leadership views this as a major innovation in real estate investing.  XXX engagements  **Related Topics** [q2](/topic/q2) [metrics](/topic/metrics) [quarterly earnings](/topic/quarterly-earnings) [$cns](/topic/$cns) [coins defi](/topic/coins-defi) [coins dao](/topic/coins-dao) [Post Link](https://x.com/LongYield/status/1946976544909344921)
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LongYield @LongYield on x 4480 followers
Created: 2025-07-20 16:52:36 UTC
$CNS Cohen & Steers, Inc. Earnings Call Key Highlights: (1/2)
📊 Financial Performance and Operating Metrics
Q2 2025 earnings were $XXXX per share, down slightly from $XXXX in Q1, reflecting modestly higher expenses and stable revenues.
Revenue increased XXX% quarter-over-quarter to $XXX million, driven by higher average assets under management (AUM) and a favorable day count.
Operating margin decreased to XXXX% from XXXX% in the prior quarter, as expenses rose more than revenues.
Compensation and benefits remained aligned with revenue growth, holding the compensation ratio steady at 40.5%.
💼 Assets Under Management and Flow Trends
Ending AUM reached $XXXX billion, up from $XXXX billion in Q1, benefiting from market appreciation despite April volatility.
Open-end fund net inflows continued for the fourth straight quarter, totaling $XXX million, while institutional and sub-advisory channels experienced net outflows.
Advisory outflows totaled $XXX million due to portfolio rebalancing and strategy realignment, though none were performance-related.
Total net outflows for the quarter were $XXX million, with year-to-date flows remaining positive and exceeding industry averages.
🌐 Active ETFs and Wealth Channel Expansion
Launched three active ETFs in February—real estate, preferreds, and natural resource equities—generating $XX million in Q2 net inflows.
Active ETFs reached $XXX million in total AUM, including seed capital, with strong alpha and competitive peer rankings in early performance.
Early ETF adoption includes RIAs exclusively using ETFs and wirehouse advisors converting existing books to ETF structures.
Plans are in motion to expand the ETF suite with additional core strategies in response to shifting adviser preferences.
🏠 Real Estate Market Bottoming and Strategy Positioning
Management highlighted a turning point in private real estate, with four consecutive quarters of positive returns following a prolonged downturn.
Shopping centers, particularly open-air necessity-based formats, are leading the recovery and are a key focus of CNS's private real estate strategies.
Elevated interest rates have helped restore rent growth dynamics by suppressing overdevelopment, improving supply-demand fundamentals.
Cohen & Steers sees current valuations in real assets, especially real estate, as offering compelling risk-reward opportunities.
🔄 Innovation in Listed and Private Real Estate Integration
Launched a tactical listed and private real estate strategy in partnership with IDR Investment Management, targeting institutional investors.
The strategy combines listed REITs and a core private real estate index replication approach to enhance liquidity, returns, and tactical allocation flexibility.
Advantages cited include reduced drawdowns, better liquidity profiles, and improved alpha generation over traditional core private strategies.
Discussions with early institutional prospects are underway; leadership views this as a major innovation in real estate investing.
XXX engagements
Related Topics q2 metrics quarterly earnings $cns coins defi coins dao