Cohen & Steers, an investment management firm, met Wall Street's revenue and earnings expectations in Q4 2025, reporting sales of $143.8 million, up 2.9% year on year. Non-GAAP profit reached $0.81 per share, in line with analyst estimates. Despite meeting forecasts, shares declined following the results due to significant margin compression. Operating margin fell to 28% from 35.3% in the prior year quarter, driven by higher general and administrative expenses related to business development and talent acquisition. The company reported net inflows across nearly all vehicles and launched five active ETFs during the year. Management highlighted geographic expansion, particularly in Australia, Japan and Asia, whilst noting that US REIT strategies underperformed, returning just 3.2%. Looking ahead, Cohen & Steers expects to benefit from investments in new strategies and distribution channels.

Investment management firm Cohen & Steers will announce earnings results Thursday. Analysts expect revenue to grow 2.4% year-on-year to $143.2 million, slowing from the 17.3% increase recorded in the same quarter last year. Adjusted earnings are projected at $0.81 per share. Last quarter, Cohen & Steers beat revenue expectations by 2.1%, reporting $141.7 million, up 6.4% year-on-year. The company has missed Wall Street's revenue estimates four times over the past two years. Analysts have generally reconfirmed their estimates over the last 30 days. Cohen & Steers shares have risen 8.5% over the past month, outperforming the capital markets segment, which remained flat. The average analyst price target stands at $72.33, compared to the current share price of $68.70.

Product & service launches - 12/11/2025. CAIS Advisors announces sports, media and entertainment fund; Magnifact introduces real-time annuity tracking at Revol One; Cohen & Steers launches 2 new ETFs; and more. CAIS Advisors announces Sports, Media, Entertainment Fund. CAIS Advisors LLC announced it will launch the CAIS Sports, Media and Entertainment Fund on January 2, 2026 or another date in early January. The fund, registered under the Investment Company Act of 1940, will provide accredited investors with access to sports, media and entertainment assets. CAIS will oversee portfolio management for the fund. According to CAIS' release, the fund aims to provide exposure to a portfolio that includes assets in franchises of the National Football League, National Basketball Association, Major League Baseball, National Hockey League and Major League Soccer; television companies; music catalogs; and live event properties. The firm has selected Arctos and Eldridge as core independent managers. The fund will offer investment minimums as low as $25,000 and the potential for semi-annual liquidity. Magnifact introduces real-time annuity tracking at Revol One. Magnifact LLC, an insurance technology company, announced the launch of its real-time annuity case-tracking feature at insurance provider Revol One Insurance Co., better known as Revol One Financial. The partnership leverages Magnifact's AgentVizion API Services platform, allowing Revol One's distribution partners instant access to pending annuity applications. Magnifact's release stated that the integration enables distributors and producers to reduce processing times, quickly address issues and accelerate the sales process. Cohen & Steers launches 2 new ETFs. Cohen & Steers Inc. announced the launch of the Cohen & Steers Infrastructure Opportunities Active ETF and the Cohen & Steers Short Duration Preferred and Income Active ETF, both of which began trading on the NYSE Arca on December 10. In making the announcement, the firm described the infrastructure opportunities exchange-traded fund as a "high-conviction, benchmark unconstrained, and actively managed portfolio of infrastructure companies with allocations to key secular growth opportunities such as rising power demand stemming from data growth and artificial intelligence." The short-duration preferred and income active ETF is designed to provide "tax-efficient income and total returns through short duration preferred securities with a focus on investment grade, institutional preferred securities." Cohen & Steers' announcement also stated that the company believes the ETF is a viable alternative to traditional short-term fixed income investments, allowing investors to both preserve or increase their current income levels while maintaining attractive credit quality. Guardian Life adds 2 new crediting strategies to index-linked annuity. The Guardian Life Insurance Co. of America added two new crediting strategies - Step Up Trigger Rate and Cap with Participation and Spread strategies - to its index-linked annuity, Guardian MarketPerform. According to a statement from Guardian Life, the cap rate with participation and spread strategy allows clients access to greater growth potential without paying a fee. The step-up trigger rate option is intended to give clients more predictability in their investment growth.