This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Cohen & Steers Celebrates 10 Years As A Public Company

Stocks in this article: CNS

NEW YORK, Aug. 7, 2014 /PRNewswire/ -- Martin Cohen and Robert Steers will ring the closing bell of the New York Stock Exchange today in commemoration of Cohen & Steers, Inc.'s (NYSE: CNS) 10 years as a publicly traded company. At its initial public offering (IPO) on August 12, 2004, Cohen & Steers debuted at $13 per share. 10 years later, on August 6, 2014, CNS stock closed at $42.49, and together with quarterly and special dividends, has resulted in total value per share of $53.81. Over the past decade Cohen & Steers has passed several milestones in achieving its long-term vision of becoming a leading manager of real asset strategies, building from its long standing renown as a listed U.S. real estate investor. 

The firm's core institutional asset base has grown significantly since its IPO, as have the open-end and closed-end mutual fund businesses. Assets under management more than tripled since August 12, 2004, from $15 billion to $52 billion at June 30, 2014. The number of professionals driving Cohen & Steers' success also expanded more than threefold during this time, from 76 to 260. Offices were opened in London, Hong Kong, Tokyo and Seattle, in addition to the New York headquarters, in keeping with the firm's rising global presence. 

Robert Steers, Chief Executive Officer of Cohen & Steers, remarked, "Today we ring the bell to celebrate and look back on our history of innovation as we sharpen our focus on real assets investing for the future." Martin Cohen, Executive Chairman, added, "We've witnessed marked development of the scope of our business, from our origins in REITs and other income-oriented strategies to a comprehensive suite of real assets solutions."

More information is available at cohenandsteers.com.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs