Cohen & Steers Inc

Cohen & Steers and DLC have acquired Royal Plaza, a grocery-anchored shopping center in Front Royal, Virginia, through a joint venture with the Cohen & Steers Real Estate Opportunities Fund. The property is 92% occupied and anchored by the second highest-performing Martin's grocery store in the chain, while also shadow-anchored by Rural King, whose Front Royal location ranks as the retailer's top-performing store nationwide. James S. Corl, Head of the Private Real Estate Group at Cohen & Steers, said the anchor tenants generate exceptional traffic and tenant sales, presenting an opportunity to bring in top national retailers to optimize the merchandising mix. Royal Plaza benefits from a large trade area, with Martin's drawing grocery traffic from 10 to 15 miles and Rural King attracting customers from as far as 50 miles, while the surrounding 10-mile trade area includes approximately 50,000 residents with annual growth significantly outpacing the U.S. average.

Cohen & Steers Inc announced a total dividend of $0.67 per share, with the ex-dividend date set for 2026-08-10 and payment on 2026-08-20. The company has maintained a consistent dividend payment record since 2004 and has increased its dividend each year since 2009, earning status as a dividend achiever. As of today, the 12-month trailing dividend yield is 3.09% and the forward yield is 3.21%, while the five-year annual dividend growth rate stands at 9.50%. However, the dividend payout ratio is 0.79 as of 2026-06-30, and recent growth metrics show negative trends, with three-year revenue and EPS growth rates of approximately -1.20% and -5.80% per year, respectively, raising questions about long-term sustainability.

Cohen & Steers reported higher second-quarter 2026 adjusted earnings and assets under management, driven by improving demand for real estate, infrastructure, preferred securities and broader real assets strategies. Adjusted earnings per share rose to $0.85 from $0.79 in the prior quarter and $0.73 a year earlier, while net income increased 8% sequentially and 18% year-over-year to $44 million. Assets under management climbed about 8% to more than $100 billion, supported by $1.3 billion of net inflows, which Chief Executive Officer Joseph Harvey said was the highest level in four and a half years. Revenue grew 5% from the prior quarter to $152 million, and the adjusted operating margin improved to 36.3% as expense growth lagged revenue gains. The firm ended the quarter with $219 million of cash and U.S. Treasuries and about $136 million of liquid seed investments, providing what Chief Financial Officer Amit Muni called substantial financial flexibility.

CIBC Global Asset Management announced portfolio sub-advisory changes to the CIBC Real Assets Private Pool, effective on or about July 1, 2026. Portfolio management responsibilities will be assumed by Cohen & Steers Capital Management Inc. and Maple-Brown Abbott Ltd. The addition of these two firms is intended to complement the Pool and support CIBC Global Asset Management's commitment to delivering strong results for clients.

Custody bank stocks delivered a strong first quarter, with the 16 companies tracked by StockStory beating analysts' consensus revenue estimates by 2.5% on average. Cohen & Steers reported revenues of $145.6 million, up 8.3% year on year and exceeding expectations by 1.6%, though it was a mixed quarter overall. Franklin Resources stood out as the best performer, with revenues of $2.29 billion, an 8.7% increase that surpassed estimates by 11.8%, while Hamilton Lane was the slowest, with revenues of $193.6 million, down 2.2% and missing estimates by 3.4%. BNY posted revenues of $5.41 billion, up 13.8% and beating estimates by 4.3%, and Affiliated Managers Group reported revenues of $544.9 million, up 9.7% but missing estimates by 1.8%. Share prices of the group have been resilient, rising 8% on average since the latest earnings results.