Cohen & Steers Q4 Earnings Call Highlights: Solid Revenue Growth, Stable Fee Rates, and Continued Positive Flows

Cohen & Steers reported Q4 earnings of $0.81 per share, matching the prior quarter, with revenue increasing 2% sequentially to $143.8 million. Full-year 2025 earnings were $3.09 per share, up from $2.93 in 2024. The firm had net inflows of $1.28 billion in Q4 and $1.5 billion for the full year. Management highlighted a strengthening institutional pipeline and provided expectations for expense trends and tax rates in 2026.