Mission Statement, Vision, & Core Values (2024) of Cohen & Steers, Inc. (CNS)

An Overview of Cohen & Steers, Inc. (CNS)

General Summary of Cohen & Steers, Inc. (CNS)

Cohen & Steers, Inc. (CNS) was founded in 1986 and is based in New York City. The company specializes in investment management and offers a range of products and services in the areas of real estate, infrastructure, and other asset classes. As of 2024, Cohen & Steers manages approximately $91.8 billion in assets under management (AUM), demonstrating its solid position in the financial services industry.

Company's Financial Performance in the Latest Financial Reports

In the nine months ending September 30, 2024, Cohen & Steers reported total revenue of $377.6 million, compared to $370.4 million in the same period of 2023, reflecting a growth of 1.9%. The breakdown of revenue is as follows:

In terms of expenses, total expenses for the same period were $254.1 million, up from $243.8 million in 2023, representing a 4.2% increase. Key expense categories include:

Net income attributable to common stockholders for the nine months ended September 30, 2024, was $105.4 million, compared to $99.2 million in 2023, resulting in diluted earnings per share of $2.08, up from $2.00 in the previous year.

Introduction to Company as a Leader in the Industry

Cohen & Steers, Inc. has established itself as a leading investment management firm, particularly recognized for its expertise in real estate and infrastructure investments. The firm’s commitment to delivering strong investment performance and its strategic focus on asset classes where it has a competitive advantage have positioned it well in the market. With a robust platform and a proven track record, Cohen & Steers continues to attract institutional and retail investors alike.

Mission Statement of Cohen & Steers, Inc. (CNS)

Mission Statement of Cohen & Steers, Inc. (CNS)

The mission statement of Cohen & Steers, Inc. (CNS) serves as a foundational guide for the company's long-term goals and strategic direction. It reflects the organization's commitment to delivering high-quality investment management services, focusing on value creation for clients and shareholders. The mission emphasizes integrity, excellence, and a client-centric approach, which are crucial in the competitive field of asset management.

Core Component 1: Client Commitment

Cohen & Steers is devoted to prioritizing the needs of its clients. This commitment is evident in its continuous efforts to deliver superior investment performance and responsive service. The company aims to build long-term relationships with clients by understanding their unique investment goals and providing tailored solutions.

In 2024, the company reported total revenue of $377.6 million, with investment advisory and administration fees contributing $355.3 million of that total. This revenue demonstrates the impact of their client-focused strategies, as these fees are directly tied to the assets under management (AUM) and the quality of service provided.

Core Component 2: Investment Excellence

The mission statement underscores Cohen & Steers' commitment to investment excellence. The firm seeks to achieve superior investment returns through rigorous research, disciplined investment processes, and a deep understanding of market dynamics. This dedication to excellence is reflected in the company's investment performance metrics.

As of September 30, 2024, Cohen & Steers reported net income attributable to common stockholders of $105.4 million, with diluted earnings per share reaching $2.08. This financial performance highlights the effectiveness of their investment strategies and the ability to generate value for shareholders.

Core Component 3: Integrity and Accountability

Integrity and accountability are central tenets of Cohen & Steers' mission. The company emphasizes ethical conduct and transparency in all its dealings, ensuring that clients can trust the firm with their investments. This focus on integrity is critical in maintaining client confidence and fostering a positive corporate reputation.

In the nine months ended September 30, 2024, Cohen & Steers demonstrated strong operational metrics, including an operating margin of 32.7%. This margin reflects the company's efficient management and commitment to accountability, ensuring that resources are utilized effectively to enhance client outcomes.

Vision Statement of Cohen & Steers, Inc. (CNS)

Vision Statement of Cohen & Steers, Inc. (CNS)

The vision statement of Cohen & Steers, Inc. (CNS) for 2024 emphasizes the company's commitment to being a leader in global real estate and listed infrastructure investment management.

Cohen & Steers aims to provide superior investment performance and exceptional client service. The company is focused on achieving the highest standards in investment management, which is reflected in its financial performance. For the nine months ended September 30, 2024, CNS reported total revenue of $377.6 million, a 1.9% increase from $370.4 million in the same period of 2023.

The vision includes expanding its global footprint in the investment management sector. As of September 30, 2024, the assets under management (AUM) reached approximately $91.8 billion, up from $75.2 billion a year prior, showcasing a robust growth trajectory.

Cohen & Steers is dedicated to developing innovative investment strategies that meet evolving market needs. The firm has committed to invest $50 million in the Cohen & Steers Real Estate Opportunities Fund, L.P. (REOF) and $125 million in the Cohen & Steers Income Opportunities REIT, Inc. (CNSREIT), with substantial amounts remaining unfunded.

Central to its vision is a client-centric approach, ensuring that the needs and goals of clients are prioritized. This commitment is evidenced by the significant portion of revenue derived from investment advisory and administration fees, which totaled $355.3 million for the nine months ended September 30, 2024.

Cohen & Steers emphasizes its financial resilience and operational efficiency. The company reported an operating margin of 32.7% for the nine months ended September 30, 2024, indicating effective cost management and operational performance.

This vision reflects Cohen & Steers' strategic direction and commitment to excellence in the investment management industry, further solidifying its position as a trusted partner for investors worldwide.

Core Values of Cohen & Steers, Inc. (CNS)

Core Value: Integrity

The core value of Integrity at Cohen & Steers, Inc. (CNS) emphasizes the importance of honesty and accountability in all business dealings. This value is crucial in maintaining trust with clients, stakeholders, and employees.

Cohen & Steers demonstrates its commitment to integrity through its transparent reporting practices and adherence to regulatory standards. For example, the company’s financial reports are prepared in accordance with U.S. GAAP, ensuring that all financial data presented is accurate and reliable. In the nine months ended September 30, 2024, CNS reported a net income attributable to common stockholders of $105.4 million, reflecting a commitment to honest financial performance.

Core Value: Collaboration

Collaboration is another key value at CNS, highlighting the importance of teamwork and shared goals. The company encourages collaboration across departments to enhance service delivery and innovation.

An example of this value in action is the company's approach to investment strategy development, where teams across various sectors work together to create comprehensive investment solutions. As of September 30, 2024, CNS managed assets totaling $91.8 billion, a testament to the effective collaboration among teams to attract and retain clients.

Core Value: Excellence

The value of Excellence at Cohen & Steers drives the organization to strive for the highest quality in its services and investment performance. This commitment is reflected in their rigorous investment processes and client service standards.