Every material Form 8-K Cohen & Steers filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Cohen & Steers reported third-quarter 2025 results for the period ended September 30, 2025, with revenue up 4.1% from the second quarter to $141.7 million and diluted earnings per share of $0.81, up from $0.72. Assets under management reached $90.9 billion, driven by net inflows of $233 million and market appreciation, which matters to shareholders because it reflects higher fee-earning assets and profit in the quarter.
Revenue of $141.7 million, up 4.1% from $136.1 million in the second quarter and up 6.4% from $133.2 million a year earlier
Diluted EPS of $0.81 versus $0.72 in the second quarter and $0.77 a year earlier; as-adjusted diluted EPS was also $0.81
Operating margin of 34.5% versus 31.8% in the second quarter; as-adjusted operating margin was 36.1%
Ending AUM of $90.9 billion, up 2.2% from June 30, 2025; the company will hold a conference call on October 17, 2025 at 10:00 a.m. ET
Cohen & Steers said Chief Financial Officer Raja Dakkuri will resign effective October 17, 2025, after securing another opportunity, and that the resignation was not due to any disagreement with the company. Controller Michael Donohue will become interim CFO on that date while keeping his controller role, and the company has started a search for a permanent successor. The filing does not report any financial results, but the change in the finance leadership team is relevant to shareholders.
Raja Dakkuri gave notice on September 11, 2025, and remains CFO through October 17, 2025.
Michael Donohue, Senior Vice President and Controller since May 2023, becomes interim CFO effective October 17, 2025.
Donohue's interim CFO bonus totals $300,000: $150,000 in cash payable in Q1 2026 and restricted stock units equal to $150,000 at the October 17, 2025 closing price, vesting over four years.
The company has begun a search for a permanent CFO that includes internal and external candidates.
Cohen & Steers entered into a First Amendment to its credit agreement on August 15, 2025, providing a $100 million senior unsecured revolving credit facility maturing August 15, 2029, with Bank of America as administrative agent. The filing says borrowings may be used for working capital and general corporate purposes, and the company gains an obligation under the amended facility with leverage and interest coverage covenants. The filing does not report any drawn amount or financial results.
Facility: $100 million senior unsecured revolving credit, maturing August 15, 2029
Agreement dated August 15, 2025; amends the credit agreement dated January 20, 2023
Bank of America, N.A. is administrative agent; State Street Bank and Trust Company is syndication agent
Interest is variable (Term SOFR or Base Rate plus a performance pricing grid margin), with a commitment fee on unused amounts
Cohen & Steers reported results for the quarter ended June 30, 2025. Revenue rose 1.2% from the first quarter to $136.1 million and 11.8% from a year earlier, but operating income fell 4.1% sequentially to $43.3 million and diluted earnings per share fell 7.5% to $0.72, with operating margin down to 31.8% from 33.6%. Compared with the second quarter of 2024, diluted EPS rose 14.4% from $0.63. Assets under management ended the quarter at $88.9 billion, though the firm recorded net outflows of $131 million.
Total revenue of $136.1 million, up 1.2% from $134.5 million in the first quarter of 2025 and up 11.8% from $121.7 million a year earlier
Diluted EPS of $0.72 versus $0.77 in the first quarter; adjusted diluted EPS of $0.73 versus $0.75
Operating margin of 31.8% versus 33.6% in the first quarter; adjusted operating margin of 33.6%
Ending assets under management of $88.9 billion, up 1.5% from March 31, 2025, with net outflows of $131 million
Cohen & Steers reported first-quarter 2025 results on April 16, 2025, showing revenue of $134.5 million and diluted EPS of $0.77, both lower than the fourth quarter of 2024 but above the first quarter of 2024. Assets under management rose 2.1% to $87.6 billion, driven by market gains and $222 million of net inflows, which matters to shareholders because earnings per share declined from the prior quarter.
Diluted EPS was $0.77 versus $0.89 in Q4 2024; as adjusted EPS was $0.75 versus $0.78.
Revenue was $134.5 million, down 3.8% from $139.8 million in Q4 2024 and up from $122.7 million in Q1 2024.
Operating margin was 33.6% versus 35.3% in Q4 2024; ending AUM was $87.6 billion with net inflows of $222 million.
The company will hold a conference call on Thursday, April 17, 2025 at 10:00 a.m. ET.
Cohen & Steers announced that Daniel Charles, Executive Vice President and Head of Global Distribution, will retire, and he will stay on to help transition his responsibilities. The firm has started a search for his successor, so shareholders will want to watch for a named replacement in this senior sales role.
Daniel P. Charles gave notice of his retirement on March 10, 2025, after nearly six years at the company and a 37-year career in sales leadership.
He oversees global wealth, institutional sales, relationship management and global marketing.
The company has commenced a search for a successor; the filing does not name a timeline or candidate.
CEO Joseph Harvey thanked Charles for his leadership and contributions.
Cohen & Steers reported fourth-quarter 2024 revenue of $139.8 million, up 17.3% from a year earlier, and diluted EPS of $0.89 versus $0.60, with adjusted EPS of $0.78 versus $0.67. For the full year, revenue rose 5.7% to $517.4 million and diluted EPS rose to $2.97 from $2.60, but assets under management fell 6.5% in the quarter to $85.8 billion, driven by $6.1 billion of market depreciation.
Q4 2024 revenue $139.8 million, up 4.9% from Q3 2024 and 17.3% from Q4 2023
Q4 2024 diluted EPS $0.89 (U.S. GAAP) and $0.78 as adjusted; full-year diluted EPS $2.97 and $2.93 as adjusted
Ending AUM $85.8 billion at December 31, 2024, down from $91.8 billion at September 30, 2024; Q4 net inflows $860 million
Full-year 2024 net outflows of $171 million; the company will host a conference call on January 23, 2025 at 10:00 a.m. ET
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