Aug. 7, 2014
/PRNewswire/ -- Martin Cohen and
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
per share. 10 years later, on
August 6, 2014
, CNS stock closed at
, and together with quarterly and special dividends, has resulted in total value per share of
. 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
$15 billion to $52 billion
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
, in addition to the
headquarters, in keeping with the firm's rising global presence.
, 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."
, 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.