Financial Data and Key Metrics Changes - The company reported earnings of $0.75 per share, a decrease from $0.78 sequentially [6] - Revenue for Q1 decreased to $133.8 million from the prior quarter, primarily due to lower average AUM and a lower day count [6][7] - The effective fee rate improved slightly to 59 basis points, up from the prior quarter [8] - Operating margin was 34.7%, down from 35.5% in the prior quarter [8] - Ending AUM increased to $87.6 billion from $85.8 billion at the prior quarter end, driven by net inflows and market appreciation [9][10] - Total expenses decreased, mainly due to a reduction in compensation and benefits, resulting in a compensation ratio of 40.5% [10][11] - Liquidity at the end of Q1 totaled $295 million, a decrease from the prior period [11] Business Line Data and Key Metrics Changes - The company experienced net inflows of $222 million firm-wide, with open-end funds leading at $585 million [35][36] - Institutional advisory saw net outflows of $108 million, attributed to new mandates and account terminations [39] - The unfunded pipeline ended at $61 million, significantly lower than the previous quarter [39] Market Data and Key Metrics Changes - U.S. equities declined 4.3% in Q1, while developed market ex-U.S. equities rose 5.4% [16] - U.S. REITs gained 2.8%, and global listed infrastructure rose 4.8%, outperforming corresponding broad equity indices [16] - The company noted a rotation into defensive assets, including utilities and gold, amid macroeconomic concerns [17] Company Strategy and Development Direction - The company remains focused on growth despite market volatility and potential recession risks [32] - There is a growing case for real assets due to persistent inflation, with a focus on enhancing market position through strategic initiatives [35][48] - The company plans to launch additional active ETFs and explore partnerships for new investment vehicles [41][90] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about a potential recession due to recent tariff announcements and their impact on economic growth [21][32] - The company anticipates a slowdown in economic growth and higher inflation, which may affect investment strategies [21][65] - Management emphasized the importance of liquidity and the opportunity costs associated with illiquidity in the current market environment [27][30] Other Important Information - The company launched its first three active ETFs in February, targeting real estate, preferreds, and natural resource equities [41] - The company is seeing increased interest in real assets from retirement segments and model builders [50] - The company is committed to investing in distribution capabilities, particularly in the wealth channel [52] Q&A Session Summary Question: What is the current state of the Wealth Manager channel? - Management noted that the market has been volatile, leading to uncertainty and a less robust flow environment, but there is interest in U.S. REITs and listed infrastructure [57][58] Question: What are the second-order impacts from tariffs? - Management indicated that the indirect effects would include slower economic growth and higher inflation, with infrastructure being a stagflationary strategy [65][66] Question: How is the company responding to potential recession risks? - Management stated that they are not making rash short-term changes but are focused on strategic hires and maintaining strong client interactions [68][70] Question: What is the outlook for the unfunded pipeline? - Management expressed confidence in the future, noting that while the current pipeline is low, there are good levels of activity and new allocations expected [84][86] Question: What are the company's acquisition strategies? - Management is open to exploring acquisitions or partnerships, particularly in light of changing dynamics in the wealth channel [90][92]

LONDON, April 17, 2025 /PRNewswire/ -- Today, Corero Network Security (AIM: CNS) (OTCQX: DDOSF), the distributed denial of service (DDoS) protection specialists, announced a new partnership with Advania Iceland, part of Advania Group, one of Northern Europe's leading IT services providers. Under a three-year agreement, Corero will enhance the resilience of Advania's Icelandic infrastructure by delivering advanced DDoS mitigation capabilities. The deployment will ensure continuous service availability for Ad ...

Financial Performance - Revenue for Q1 2025 was $134.5 million, a decrease of 3.8% from $139.8 million in Q4 2024[3] - Net income attributable to common stockholders was $39.8 million, down 13.2% from $45.8 million in the previous quarter[3] - Diluted earnings per share (EPS) decreased to $0.77, a decline of 12.7% from $0.89 in Q4 2024[3] - Total revenue for Q1 2025 was $134.467 million, a decrease of 3.8% from Q4 2024 but an increase of 9.6% year-over-year[20] - Net income attributable to common stockholders for Q1 2025 was $39.778 million, down 13.2% from Q4 2024 but up 17.0% from Q1 2024[20] - Diluted earnings per share (EPS) for Q1 2025 was $0.77, a decrease of 13.5% from $0.89 in Q4 2024, and an increase of 13.2% from $0.68 in Q1 2024[27] - Adjusted operating income for Q1 2025 was $46,446,000, down 6.4% from $49,708,000 in Q4 2024, and up 6.4% from $43,692,000 in Q1 2024[30] - Operating margin for Q1 2025 was 33.6%, down from 35.3% in Q4 2024, representing a decline of 170 basis points[7] - Operating margin as adjusted for Q1 2025 was 34.7%, compared to 35.5% in Q4 2024 and 35.5% in Q1 2024[30] Assets Under Management (AUM) - Total assets under management (AUM) reached $87.6 billion, reflecting a 2.1% increase from $85.8 billion at the end of 2024[11] - Assets under management at the end of Q1 2025 increased to $87.579 billion, reflecting a 2.1% increase from Q4 2024 and a 7.8% increase year-over-year[22] - Average AUM decreased by 3.0% to $86,778 million compared to the previous quarter, but increased by 8.2% year-over-year[25] - Assets under management (AUM) for institutional accounts increased to $33,886 million, reflecting a 1.0% increase from December 31, 2024, and a 4.5% increase from March 31, 2024[23] - U.S. Real Estate AUM rose to $43,591 million, a 1.5% increase from December 31, 2024, and a 13.3% increase from March 31, 2024[24] - Global Listed Infrastructure AUM increased to $9,710 million, marking a 10.4% increase from December 31, 2024, and a 15.7% increase from March 31, 2024[25] Inflows and Outflows - Net inflows amounted to $222 million, contributing to the increase in AUM[11] - The company experienced net inflows of $222 million in Q1 2025, compared to net inflows of $860 million in Q4 2024[22] - Total net inflows for the company were $222 million, compared to net outflows of $1,970 million in the same period last year[25] - The company reported net outflows of $366 million in institutional accounts, a decrease from $2,543 million in the same period last year[23] Expenses - Employee compensation and benefits decreased by 3.5% to $54.6 million compared to $56.5 million in the previous quarter[6] - General and administrative expenses increased by 8.8% to $17.2 million, primarily due to non-recurring expenses[6] - Employee compensation and benefits expenses were $54.554 million in Q1 2025, a decrease of 3.4% from Q4 2024[20] Tax and Non-Operating Income - Effective income tax rate for Q1 2025 was 19.5%, down from 21.7% in Q4 2024[10] - The company reported a total non-operating income of $7.752 million for Q1 2025, a 21.7% increase from Q4 2024 and a 53.9% increase year-over-year[20] - Non-operating income for Q1 2025 was $7,752,000, an increase of 21.7% from $6,368,000 in Q4 2024, and an increase of 54.0% from $5,037,000 in Q1 2024[32] Currency and Adjustments - The company reported a foreign currency exchange gain of $969,000 in Q1 2025, compared to a loss of $(2,824,000) in Q4 2024 and a loss of $(456,000) in Q1 2024[32] - Total tax adjustments for Q1 2025 amounted to $(3,329,000), compared to $(994,000) in Q4 2024 and $(910,000) in Q1 2024[29] Future Outlook - The company anticipates continued growth in assets under management driven by market appreciation and strategic inflows[18]

NEW YORK, April 16, 2025 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported its results for the quarter ended March 31, 2025. The earnings release along with the accompanying earnings presentation can be viewed at Cohen & Steers Reports Results for First Quarter 2025 and on the company's website at www.cohenandsteers.com under "Company—Investor Relations—Earnings Archive."Conference CallThe company will host a conference call tomorrow, Thursday, April 17, 2025, at 10:00 a.m. (ET) to discuss the ...

Core Viewpoint - Cohen & Steers, Inc. is set to release its first quarter 2025 results on April 16, 2025, after market close, with a conference call scheduled for April 17, 2025, to discuss the results and outlook [1][2]. Company Information - Cohen & Steers is a prominent global investment manager that specializes in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, and commodities [3]. - The firm was founded in 1986 and is headquartered in New York City, with additional offices in London, Dublin, Hong Kong, Tokyo, and Singapore [3].

Core Insights - Cohen & Steers, Inc. reported preliminary assets under management (AUM) of $87.6 billion as of March 31, 2025, reflecting a decrease of $979 million from $88.6 billion at February 28, 2025 [1][2] AUM Breakdown - The decrease in AUM was attributed to market depreciation of $1.1 billion and distributions totaling $301 million, which were partially offset by net inflows of $452 million [1][2] - AUM by investment vehicle as of March 31, 2025: - Institutional Accounts: Total AUM decreased to $33.886 billion, with advisory accounts at $19.703 billion, Japan subadvisory at $8.534 billion, and subadvisory excluding Japan at $5.649 billion [2] - Open-end Funds: AUM decreased to $42.298 billion [2] - Closed-end Funds: AUM decreased to $11.395 billion [2] Company Overview - Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, and commodities [2] - The firm was founded in 1986 and is headquartered in New York City, with additional offices in London, Dublin, Hong Kong, Tokyo, and Singapore [2]

LONDON, April 3, 2025 /PRNewswire/ -- Today, Corero Network Security (AIM: CNS) (OTCQX: DDOSF), the distributed denial of service (DDoS) protection specialists, announced a new strategic partnership with Brazil-based TechEnabler to expand their existing Corero DDoS Protection-as-a-Service (DDPaaS) solution with the additional of the Corero 3400 400G appliances. This agreement marks the latest in a series of significant wins in Brazil, where Corero has secured four deals in the past four months totaling over ...

LONDON, April 1, 2025 /PRNewswire/ -- Corero Network Security (AIM: CNS) (OTCQX: DDOSF), the DDoS protection specialists, today announced an expansion of its partnership with Juniper Networks, enabling Juniper to sell Corero's full portfolio of DDoS protection solutions to customers, regardless of their existing network infrastructure. Corero Network Security is a leading provider of DDoS protection solutions, specializing in automatic detection and protection solutions with network visibility, analytics, a ...

NEW YORK, March 27, 2025 /PRNewswire/ -- The Boards of Directors of the Cohen & Steers Closed-End Funds announced today the monthly distributions for April, May and June 2025, as summarized in the charts below: Ticker Fund Name MonthlyDividend FOF Cohen & Steers Closed-End Opportunity Fund, Inc. $0.087 LDP Cohen & Steers Limited Duration Preferred and Income Fund, Inc. $0.131 PSF Cohen & Steers Select Preferred and Income Fund, Inc. $0.126 PTA Cohen & Steers Tax-Advantaged Preferred S ...

CNS Pharmaceuticals, Inc. CNSP on Tuesday announced the primary analysis of its clinical trial evaluating Berubicin for recurrent or progressive Glioblastoma Multiforme (GBM), an aggressive form of brain cancer.The trial compared Berubicin to Lomustine, a current standard of care in recurrent or progressive GBM.This analysis did not demonstrate statistically significant superiority in overall survival, the primary endpoint.Additionally, patients experienced no cardiotoxicity, a risk that curtails the use of ...