Cohen & Steers Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported income attributable to common shareholders of $16.0 million, or $0.36 per diluted share compared with income attributable to common shareholders of $12.8 million, or $0.29 per diluted share for the quarter ended December 31, 2010. Total revenue was $59.4 million, an increase of 14.7% from $51.8 million for the fourth quarter of 2010. The fourth quarter 2010 results included an after-tax expense of approximately $0.06 per share associated primarily with the offering of Cohen & Steers Select Preferred and Income Fund Inc. and an after-tax gain of approximately $0.03 per share due to recoveries on the sale of securities. After adjusting for these items, earnings per share would have been $0.32 for the quarter ended December 31, 2010. Operating income was $22.799 million compared to $13.053 million for the same period last year. Income before provision for income taxes was $25.208 million compared to $18.187 million for the same period last year. For the year ended December 31, 2011, the company recorded income attributable to common shareholders of $54.3 million, or $1.23 per diluted share compared with income attributable to common shareholders of $46.4 million, or $1.07 per diluted share for the year ended December 31, 2010. The 2010 results included after-tax gains of approximately $0.17 per share primarily due to recoveries on the sale of securities and the above mentioned after-tax expense of approximately $0.06 per share. After adjusting for these items, earnings per share would have been $0.96 for the year ended December 31, 2010. Total revenue was $237.246 million compared to $183.738 million for the same period last year. Operating income was $87.004 million compared to $52.786 million for the same period last year. Income before provision for income taxes was $86.861 million compared to $65.494 million for the same period last year.