Cohen & Steers, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 27, 2021 at 04:33 pm
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Cohen & Steers, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced total revenue was USD 116.460 million compared to USD 109.847 million a year ago. Operating loss was USD 11.914 million compared to operating Income of USD 46.462 million a year ago. Net loss was USD 4.412 million compared to net income of USD 36.728 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to basic earnings per share from continuing operations of USD 0.78 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to diluted earnings per share from continuing operations of USD 0.75 a year ago. For the full year, total revenue was USD 427.536 million compared to USD 410.830 million a year ago. Operating income was USD 95.057 million compared to USD 160.134 million a year ago. Net income was USD 76.584 million compared to USD 134.621 million a year ago. Basic earnings per share from continuing operations was USD 1.6 compared to USD 2.85 a year ago. Diluted earnings per share from continuing operations was USD 1.57 compared to USD 2.79 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.
COHEN & STEERS, INC. 
