Loading…
← CockpitCompetitor Analysis › CNS Cohen & Steers, Inc.Open in the cockpit ↗

Cohen & Steers, Inc.CNSCompetitor analysis, valuation and peers

United States · USD·Financials›Investment Managers

Specialist asset manager focused on real assets such as REITs, real estate securities, listed infrastructure and preferred securities.

Momentum neutral 47
Mkt cap
$3.76B
US dollars, full cap
Free float
54%
of shares outstanding
$/day
$24.3M
20-day average traded
Fwd P/E
20.1×
forward earnings
ROIC−WACC
n/a
WACC 10.6%
Hurdle
n/a
no reverse DCF
Next earnings
82 days
27 Jan 2027
Close · USD$73.20
1D0.0%
1W+1.0%
1M+3.5%
3M-10.9%
6M+0.6%
YTD+16.6%
1Y+7.0%
ATR %3.4%
Beta0.62
52w lowhigh15.4% off high

What Cohen & Steers does

Specialist asset manager focused on real assets such as REITs, real estate securities, listed infrastructure and preferred securities.

Charges fees as a share of assets managed, through funds sold to retail investors and separate accounts for institutions, so revenue rises with markets and net inflows and falls with redemptions. Its REIT specialism dates from the early years of that market.

Products and services

  • Real estate securities funds
  • Listed infrastructure funds
  • Preferred securities funds

Customers

  • Institutional investors
  • Retail fund investors/financial advisors

Where it sits in the supply chain

  • Asset management
  • Real assets/income-focused investment…
  • Institutional and retail investors

What could go right

  • Real assets allocation growth amid inflation/rate cycles
  • Retail advisor distribution growth

What could go wrong

  • REIT/real estate market cyclicality
  • Fee compression from passive alternatives

Moat: narrow (brand, process know-how). Decades of specialist real-assets expertise and track record versus generalist multi-asset managers.

Headquarters: New York, New York, United States · Founded: 1986 · Employees: 424

Named competitors

Cohen & Steers at a glance

Size Cohen & Steers (CNS) is a United States Financials company (Investment Managers) with a market value of $3.76B, the 1385th largest of 3,117 United States companies the cockpit tracks. Shares closed at $73.20 on 6 Nov 2026.

Performance Over six months the shares gained 0.6%, against +4.1% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 21 in its peer set.

Growth Revenue grew 13.3% over the last twelve months (peer median +21.0%); the operating margin is 32.8% (peer median 29.3%).

Valuation It trades at 20.1× forward earnings against a peer median of 15.6× (8th most expensive of 19).

Short interest Short interest is 3.7% of the free float (15 Oct 2026).

Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).

Relative performance

9010011012011 May 202611 Aug 20266 Nov 2026Peer median 104CNS 101
Six months, rebased to 100: Cohen & Steers against the median of its 20 peers (local-currency closes).

Cohen & Steers financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$627M$571M$514M$484M$574M
Revenue growth—+11%+6%-16%—
Gross profit$536M$489M$448M$411M$475M
EBITDA$216M$196M$196M$187M$207M
Net income$169M$153M$151M$129M$171M
Free cash flown/a$193M$181M$134M$228M
Capital expenditure$0$5.98M$11.7M$57.0M$4.22M
Total debt$132M$138M$141M$140M$139M

Quarterly statements and history in the cockpit →

Cohen & Steers competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%+40%0%+10%RFAMPNUVAMA0027971788ANANDRATHIMANTANWL000750QLT1359TKOAAMIEMGAPAMABAJBFHIBPTSIICNS6-month return →1-month return →
Up and to the right = strong over both horizons. Cohen & Steers is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%25×50×75×RFAMPNUVAMAANANDRATHIMANTANWLQLT1359TKOAAMIEMGAPAMSIICNSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Cohen & Steers is the large dot.

Cohen & Steers competitors and peer comparison

Head to head with its named competitors (CNS vs BAM vs IVZ)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Cohen & Steers CNS$3.76B+1%+13%33%20.1×n/a
Brookfield Asset Management BAM$86.7B+6%+120%62%26.6×n/a
Invesco IVZ$11.9B-1%+17%24%8.6×n/a

How Cohen & Steers compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Cohen & Steers against its 20 peers (data as of 6 Nov 2026)
MeasureCNSPeer medianRank in peer set
1-month return+3.5%+1.2%8th highest of 21
6-month return+0.6%+4.1%9th lowest of 21
Distance from 52-week high-15.4%-16.3%10th highest of 21
Revenue growth (TTM)+13.3%+21.0%7th lowest of 20
Operating margin32.8%29.3%9th highest of 20
Forward P/E20.1×15.6×8th most expensive of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Cohen & Steers CNSUnited States$3.76B+1%+13%33%20.1×n/an/a
Eurazeo RF.PAFrance$3.70B+2%+18%-2%28.7×n/an/a
AMP AMP.AXAustralia$3.69B+46%-5%-1%15.7×n/an/a
Nuvama Wealth Management NUVAMA.NSIndia$3.61B+25%+13%29%26.2×n/an/a
First Capital Securities 002797.SZChina$3.61B-24%-6%22%21.1×n/an/a
Guotai Junan International 1788.HKHong Kong$3.58B+10%+43%65%n/an/an/a
Anand Rathi Wealth ANANDRATHI.NSIndia$4.18B+31%+35%41%90.5×n/an/a
Mandatum MANTA.HEFinland$3.33B-10%+60%8%23.7×n/an/a
Netwealth NWL.AXAustralia$3.31B-13%+21%46%34.1×n/an/a
Sealand Securities 000750.SZChina$3.30B-12%+2%22%n/an/an/a
Quilter QLT.LUnited Kingdom$3.30B+5%+191%3%15.0×n/an/a
China Cinda Asset Management 1359.HKHong Kong$4.36B-21%-25%53%11.7×n/an/a
Tikehau Capital SCA TKO.PAFrance$3.24B-10%+32%31%10.7×n/an/a
Acadian Asset Management AAMIUnited States$3.23B+33%+25%27%15.4×n/an/a
Man EMG.LUnited Kingdom$4.43B+10%+24%28%8.4×n/an/a
Artisan Partners Asset Management APAMUnited States$3.17B+3%+6%36%10.6×n/an/a
AllianceBernstein Holding L.P ABUnited States$3.14B-13%n/an/a9.6×n/an/a
AJ Bell AJB.LUnited Kingdom$3.04B+13%+19%42%19.2×n/an/a
Federated Hermes FHIUnited States$4.73B+14%+13%28%10.9×n/an/a
Bridgepoint BPT.LUnited Kingdom$4.79B+55%+36%49%10.7×n/an/a
Sprott SII.TOCanada$2.96B-17%+88%38%25.6×n/an/a

Questions

Who are Cohen & Steers's main competitors?
Named competitors: Nuveen (TIAA) (private or unlisted), Principal Real Estate (private or unlisted), Brookfield Asset Management (BAM), Invesco (IVZ), Janus Henderson (private or unlisted). The cockpit's measured peer set (industry) also includes Eurazeo (RF.PA), AMP (AMP.AX), Nuvama Wealth Management (NUVAMA.NS), First Capital Securities (002797.SZ), Guotai Junan International (1788.HK), Anand Rathi Wealth (ANANDRATHI.NS).
Is Cohen & Steers expensive compared with its peers?
On forward p/e it trades at 20.1× against a peer median of 15.6×, 8th most expensive of 19 in its peer set.
How has Cohen & Steers stock performed?
Over six months to 6 Nov 2026 the shares returned +0.6% against +4.1% for the median peer; over one year +7.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.