Cohen & Steers, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
January 18, 2017 at 04:41 pm EST
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Cohen & Steers, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported earnings of $0.56 per diluted share compared with $0.27 per diluted share for the quarter ended December 31, 2015 and $0.51 per diluted share for the quarter ended September 30, 2016. Adjusted earnings per diluted share were $0.48 for the quarter ended December 31, 2016, compared with $0.41 per diluted share for the quarter ended December 31, 2015 and $0.51 per diluted share for the quarter ended September 30, 2016. Revenue was $89,434,000 compared to $81,671,000 a year ago. Net income attributable to common stockholders was $26,168,000 compared to $12,385,000 a year ago. Adjusted net income attributable to common stockholders was $22,373,000 compared to $18,878,000 a year ago. Operating income was $35,860,000 compared to $30,352,000 a year ago. Income before provision for income taxes was $37,287,000 compared to $24,780,000 a year ago. Revenue, as adjusted was $89,463,000 compared to $81,710,000 a year ago. Operating income, as adjusted was $35,913,000 compared to $30,416,000 a year ago.
For the year ended December 31, 2016, the company reported earnings of $2.00 per diluted share, compared with $1.41 per diluted share for the year ended December 31, 2015. Adjusted earnings per diluted share were $1.85 for the year ended December 31, 2016, compared with $1.71 per diluted share for the year ended December 31, 2015. Revenue was $349,876,000 compared to $328,655,000 a year ago. Net income attributable to common stockholders was $92,936,000 compared to $64,551,000 a year ago. Adjusted net income attributable to common stockholders was $86,109,000 compared to $78,694,000 a year ago. Operating income was $135,511,000 compared to $127,549,000 a year ago. Income before provision for income taxes was $143,403,000 compared to $112,744,000 a year ago. Revenue, as adjusted was $350,023,000 compared to $328,757,000 a year ago. Operating income, as adjusted was $137,709,000 compared to $127,699,000 a year ago.
Cohen & Steers, Inc. is a holding company, which is engaged in global investment management. The Company is specialized in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. The Companyâs distribution network encompasses two channels, wealth and institutional. Its wealth channel includes registered investment advisers, wire houses, independent and regional broker dealers and bank trusts. Its institutional channel includes sovereign wealth funds, corporate plans, insurance companies and public funds, including defined benefit and defined contribution plans, as well as other financial institutions that access its investment management services directly or through consultants and other intermediaries. The Company manages three types of investment vehicles, such as open-end funds, institutional accounts, and closed end.
COHEN & STEERS, INC. 
