Earnings Call

Cohen & Steers Q2 FY2026 Earnings Call

With Joe Harvey (CEO), Jon Cheigh (President and Chief Investment Officer), Amit Muni (CFO) and 1 more.

CNS
Fiscal Q2 2026
July 17, 2026
24 min read
4 questions

Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, and natural resource equities, as well as preferred securities and other income solutions.

More about Cohen & Steers

Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore. Follow to see more customized feed content. Important Disclosures: http://www.cohenandsteers.com/Social_Media_Guidelines.pdf.

1Prepared remarks4 speakers

Operator Gentlemen, thank you for standing by. Welcome to the Cohen & Steers second quarter 2026 earnings conference call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question and answer session. At that time, if you have a question, please press star followed by one on your telephone. If at any time during the conference you need to reach an operator, please press star zero. As a reminder, this conference is being recorded Friday, July 17th, 2026. I would now like…
Brian HellerSVP and Deputy General Counsel

Thank you. Welcome to the Cohen & Steers second quarter 2026 earnings webcast and conference call. Joining me are Joe Harvey, our Chief Executive Officer, Amit Muni, our Chief Financial Officer, and Jon Cheigh, our President and Chief Investment Officer. I want to remind you that some of our comments and answers to your questions may include forward-looking statements.

We believe these statements are reasonable based on information currently available to us, but actual outcomes could differ materially due to a…

Amit MuniCFO

Thank you, Brian. Good morning, everyone. On today's call, I'll begin with a review of our operating and financial results for the quarter. Jon Cheigh will then discuss investment performance and the market environment, followed by Joe Harvey, who will highlight the growth momentum we are seeing across the business. We will then open the call for your questions. Turning to our summary highlights. I'll focus my remarks on our adjusted results. We reported adjusted earnings per share of $0.85 for the quarter, up…

Jon CheighPresident and Chief Investment Officer

Thank you, Amit, and good morning. Today, I'd like to cover three topics: our performance scorecard, the investment environment for the quarter, and the accelerating real estate and real asset recovery. Beginning with our performance scorecard, over the last one, three, and five years, 41%, 91%, and 97% of our AUM respectively has outperformed. Given that our performance metrics are normally nearly 100%, I did want to address the one-year outlier. The one-year result is solely coming from our U.S. REIT relative…

Joe HarveyCEO

Thank you, Jon, and good morning. Today, I will review our key business trends in the second quarter, provide an update on our growth initiatives, and comment on an industry topic that touches our business. To get right to the point, the broad positive business momentum that we have experienced in recent quarters continued to gain…

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