CNS Cohen & Steers (CNS) Q3 FY26 earnings call
Cohen & Steers delivered robust Q3 FY26 results, driven by strong organic growth across strategies and channels, leading to an expanded operating margin. Despite negative market movements impacting AUM, the firm's diversified pipeline and strategic initiatives position it for continued momentum, particularly in real assets and active ETFs, as investors seek diversification and inflation protection.
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CNS operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | This call Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Net new assets | $497MThe first quarter's fundamental highlights include net inflows of $497 million a strong one unfunded pipeline of $1.7 billion, characterized by good velocity with continued fundings and new mandates, stable fee rates strong absolute performance and neutral relative performance, while 1-, 3- and 5-year relative performance continues to be excellent.Source: earnings call transcript | $1.3BWe generated $1.3 billion of net inflows, one of the strongest flow quarters in our recent history, while our institutional pipeline remained robust at $1.6 billion.Source: earnings call transcript | $1.6BWe generated $1.6 billion of net inflows, representing our fifth consecutive quarter of organic growth and our strongest flow period since the fourth quarter of 2021.Source: earnings call transcript | +23.1% |
| Net new assets Multi-strategy real asset | $142MFlow highlights by investment strategy include: multi-strategy real asset inflows totaled $142 million, the best quarter since third quarter of 2022.Source: earnings call transcript | $380MOur multi-strategy real assets portfolio had $380 million in net inflows bringing strategy wide AUM to $3 billion, a compound annual growth rate of 29% since 2021.Source: earnings call transcript | — | +167.6% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.