Cohen & Steers (NYSE:CNS) reported a significant jump in assets under management to start 2026, as a late-January rally in real estate and infrastructure securities helped the specialist manager recover from a volatile close to the previous year.
The New York-based firm reported preliminary assets under management (AUM) of $93.1 billion as of Jan. 31, 2026, representing a $2.5 billion increase from the end of December.
The gain was primarily driven by $2.2 billion in market appreciation, reflecting a broader recovery in Real Estate Investment Trusts (REITs) and preferred securities following a record-breaking month for the S&P 500.
Net inflows of $449 million further supported the total, partially offset by $153 million in distributions.
The uptick in AUM comes at a critical time for Cohen & Steers, which ended 2025 with $90.5 billion in assets and mixed quarterly results.
While the firm achieved strong full-year net inflows of $1.5 billion in 2025, its fourth-quarter earnings of $0.81 per share had slightly missed analyst estimates due to higher general and administrative expenses related to talent acquisition and a major expansion of its active ETF suite.