Cohen & Steers, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
January 27, 2022 at 03:07 am IST
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Cohen & Steers, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported revenue was USD 159.63 million compared to USD 116.46 million a year ago. Net income was USD 64.48 million compared to net loss of USD 4.41 million a year ago. Basic earnings per share from continuing operations was USD 1.33 compared to basic loss per share from continuing operations of USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 1.3 compared to diluted loss per share from continuing operations of USD 0.09 a year ago.
For the full year, revenue was USD 583.83 million compared to USD 427.54 million a year ago. Net income was USD 211.4 million compared to USD 76.58 million a year ago. Basic earnings per share from continuing operations was USD 4.38 compared to USD 1.6 a year ago. Diluted earnings per share from continuing operations was USD 4.31 compared to USD 1.57 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.