Cohen & Steers Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
January 22, 2014 at 05:06 pm
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Cohen & Steers Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported operating income of $29,356,000, income before provision for income taxes was $31,327,000, net income was $19,428,000, net income attributable to common shareholders was $19,413,000 or $0.43 diluted per share on total revenue of $73,432,000 against operating income of $32,733,000, income before provision for income taxes was $34,264,000, net income was $22,044,000, net income attributable to common shareholders was $21,723,000 or $0.49 diluted per share on total revenue of $71,095,000 for the same period a year ago.
For the year, the company reported operating income of $106,342,000, income before provision for income taxes was $104,364,000, net income was $63,255,000, net income attributable to common shareholders was $68,119,000 or $1.51 diluted per share on total revenue of $297,713,000 against operating income of $96,432,000, income before provision for income taxes was $104,303,000, net income was $67,896,000, net income attributable to common shareholders was $66,117,000 or $1.49 diluted per share on total revenue of $273,553,000 for the same period 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.