Cohen & Steers Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 23, 2019 at 09:47 pm
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Cohen & Steers Inc. announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced total revenue was USD 93.906 million compared to USD 99.454 million a year ago. Operating income was USD 34.309 million compared to USD 40.888 million a year ago. Net income was USD 25.561 million compared to USD 20.398 million a year ago. Basic earnings per share was USD 0.55 compared to USD 0.44 a year ago. Diluted earnings per share was USD 0.54 compared to USD 0.43 a year ago. For the full year, total revenue was USD 381.111 million compared to USD 378.696 million a year ago. Operating income was USD 147.038 million compared to USD 154.746 million a year ago. Net income was USD 113.896 million compared to USD 91.939 million a year ago. Basic earnings per share was USD 2.43 compared to USD 1.98 a year ago. Diluted earnings per share was USD 2.4 compared to USD 1.96 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. 
