Cohen & Steers Management

Management criteria checks 3/4

Cohen & Steers' CEO is Joe Harvey, appointed in Jan 2003, has a tenure of 21.33 years. total yearly compensation is $6.54M, comprised of 9.2% salary and 90.8% bonuses, including company stock and options. directly owns 3.1% of the company’s shares, worth €101.64M. The average tenure of the management team and the board of directors is 4.6 years and 19.8 years respectively.

Key information

Joe Harvey

Chief executive officer

US$6.5m

Total compensation

CEO salary percentage	9.2%
CEO tenure	21.3yrs
CEO ownership	3.1%
Management average tenure	4.6yrs
Board average tenure	19.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Joe Harvey's remuneration changed compared to Cohen & Steers's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$128m
Dec 31 2023	US$7m	n/a	US$129m
Sep 30 2023	n/a	n/a	US$132m
Jun 30 2023	n/a	n/a	US$144m
Mar 31 2023	n/a	n/a	US$164m
Dec 31 2022	US$7m	US$600k	US$171m
Sep 30 2022	n/a	n/a	US$203m
Jun 30 2022	n/a	n/a	US$210m
Mar 31 2022	n/a	n/a	US$205m
Dec 31 2021	US$5m	US$600k	US$211m
Sep 30 2021	n/a	n/a	US$143m
Jun 30 2021	n/a	n/a	US$123m
Mar 31 2021	n/a	n/a	US$105m
Dec 31 2020	US$5m	US$600k	US$77m
Sep 30 2020	n/a	n/a	US$118m
Jun 30 2020	n/a	n/a	US$120m
Mar 31 2020	n/a	n/a	US$123m
Dec 31 2019	US$4m	US$600k	US$135m
Sep 30 2019	n/a	n/a	US$123m
Jun 30 2019	n/a	n/a	US$120m
Mar 31 2019	n/a	n/a	US$119m
Dec 31 2018	US$4m	US$600k	US$114m
Sep 30 2018	n/a	n/a	US$109m
Jun 30 2018	n/a	n/a	US$103m
Mar 31 2018	n/a	n/a	US$97m
Dec 31 2017	US$4m	US$600k	US$92m

Compensation vs Market: Joe's total compensation ($USD6.54M) is above average for companies of similar size in the German market ($USD2.55M).

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.

CEO

Joe Harvey (59 yo)

21.3yrs

Tenure

US$6,537,038

Compensation

Mr. Joseph Martin Harvey, also known as Joe, is President, Chief Executive Officer and Director of Cohen & Steers, Inc. from March 01, 2022. He joined the Cohen & Steers, Inc. in 1992. He was President & D...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Martin Cohen	Co-Founder & Chairman	19.8yrs	US$406.78k	18.18% $ 596.9m
Joseph Harvey	President	21.3yrs	US$6.54m	3.1% $ 101.6m
Matthew Stadler	Executive VP & CFO	19yrs	US$3.90m	0.29% $ 9.6m
Adam Derechin	Executive VP & COO	no data	US$1.80m	1.04% $ 34.1m
John Cheigh	Executive VP & Chief Investment Officer	4.6yrs	US$5.91m	0.34% $ 11.3m
Daniel Charles	Executive VP & Head of Global Distribution	4.7yrs	US$2.69m	0.026% $ 838.0k
Robert Steers	Executive Chairman	19.8yrs	US$6.10m	23.36% $ 766.9m
Elena Dulik	Chief Accounting Officer & Senior VP	11yrs	no data	0.042% $ 1.4m
Francis Poli	Executive VP	no data	US$1.67m	0.16% $ 5.2m
Robert Klemens	Vice President of Communications	less than a year	no data	no data
Brandon Brown	Chief Human Resources Officer & Executive VP	less than a year	no data	0.012% $ 407.0k
Douglas Bond	Executive VP & Head of Closed-End Funds	no data	no data	no data

4.6yrs

Average Tenure

59yo

Average Age

Experienced Management: FG9's management team is considered experienced (4.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Martin Cohen	Co-Founder & Chairman	19.8yrs	US$406.78k	18.18% $ 596.9m
Joseph Harvey	President	4.8yrs	US$6.54m	3.1% $ 101.6m
Robert Steers	Executive Chairman	19.8yrs	US$6.10m	23.36% $ 766.9m
Peter Rhein	Independent Director	19.8yrs	US$237.50k	0.059% $ 1.9m
Edmond Villani	Independent Director	19.8yrs	US$237.50k	0.068% $ 2.2m
Frank Connor	Independent Director	10.2yrs	US$252.50k	0.033% $ 1.1m
Richard Simon	Independent Director	19.8yrs	US$237.50k	0.035% $ 1.1m
Reena Aggarwal	Independent Director	7.5yrs	US$242.50k	0.019% $ 616.8k
Dasha Smith	Independent Director	4.5yrs	US$245.00k	0.0046% $ 152.3k

19.8yrs

Average Tenure

70yo

Average Age

Experienced Board: FG9's board of directors are seasoned and experienced ( 19.8 years average tenure).

Cohen & Steers Management

Management criteria checks 3/4

Key information

Recent management updates

Cohen & Steers, Inc., Annual General Meeting, May 02, 2024

Independent Director recently sold €267k worth of stock

Independent Director recently sold €662k worth of stock

Independent Director recently sold €477k worth of stock

Cohen & Steers, Inc. Announces Matthew S. Stadler Intention to Retire as Chief Financial Officer, Effective in 2024

Cohen & Steers, Inc. to Promote Jason Yablon as Head of Listed Real Estate Effective January 1, 2024

Recent updates

Cohen & Steers, Inc. Declares Cash Dividend for the Second Quarter of 2024, Payable on May 23, 2024

Cohen & Steers, Inc. has completed a Follow-on Equity Offering in the amount of $70.091167 million.

New minor risk - Shareholder dilution

Cohen & Steers, Inc. has completed a Follow-on Equity Offering in the amount of $70.091167 million.

Cohen & Steers, Inc. has filed a Follow-on Equity Offering in the amount of $100 million.

First quarter 2024 earnings released: EPS: US$0.69 (vs US$0.72 in 1Q 2023)

Cohen & Steers, Inc. to Report Q1, 2024 Results on Apr 17, 2024

Cohen & Steers, Inc., Annual General Meeting, May 02, 2024

Independent Director recently sold €267k worth of stock

Independent Director recently sold €662k worth of stock

Full year 2023 earnings released: EPS: US$2.62 (vs US$3.51 in FY 2022)

Fourth quarter dividend of US$0.59 announced

Cohen & Steers, Inc. Declares Cash Dividend for the First Quarter of 2024, Payable on March 14, 2024

Full year 2023 earnings released: EPS: US$2.62 (vs US$3.51 in FY 2022)

Realty Income Corporation (NYSE:O) completed the acquisition of Spirit Realty Capital, Inc. (NYSE:SRC) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), Cohen & Steers, Inc. (NYSE:CNS), FMR LLC, State Street Corporation (NYSE:STT) and others.

Cohen & Steers, Inc. to Report Q4, 2023 Results on Jan 24, 2024

Cohen & Steers, Inc. Declares Quarterly Dividend, Payable on November 28, 2023

Independent Director recently sold €477k worth of stock

Third quarter 2023 earnings released: EPS: US$0.65 (vs US$0.91 in 3Q 2022)

Cohen & Steers, Inc. Announces Matthew S. Stadler Intention to Retire as Chief Financial Officer, Effective in 2024

Cohen & Steers, Inc. to Report Q3, 2023 Results on Oct 18, 2023

Cohen & Steers, Inc. to Promote Jason Yablon as Head of Listed Real Estate Effective January 1, 2024

Cohen & Steers, Inc. Appoints Liyen Wee as Head of Wealth, Asia Pacific

Cohen & Steers, Inc. Declares Cash Dividend for the Third Quarter of 2023, Payable on August 24, 2023

Second quarter 2023 earnings released: EPS: US$0.64 (vs US$1.07 in 2Q 2022)

Cohen & Steers, Inc. to Report Q2, 2023 Results on Jul 19, 2023

Cohen & Steers, Inc. Declares Cash Dividend for the Second Quarter of 2023, Payable on May 25, 2023

First quarter 2023 earnings released: EPS: US$0.72 (vs US$0.86 in 1Q 2022)

Full year 2022 earnings released: EPS: US$3.51 (vs US$4.38 in FY 2021)

Full year 2022 earnings released: EPS: US$3.51 (vs US$4.38 in FY 2021)

Cohen & Steers Appoints John Moore as Head of Private Wealth Solutions

Cohen & Steers, Inc. to Report Fiscal Year 2022 Results on Jan 25, 2023

Insufficient new directors

Cohen & Steers, Inc. Declares Quarterly Dividend, Payable on November 29, 2022

Third quarter 2022 earnings released: EPS: US$0.91 (vs US$1.06 in 3Q 2021)

Cohen & Steers, Inc. to Report Q3, 2022 Results on Oct 19, 2022

Prologis, Inc. (NYSE:PLD) completed the acquisition of Duke Realty Corporation (NYSE:DRE) from BlackRock, Inc. (NYSE:BLK), State Street Corporation (NYSE:STT), The Vanguard Group, Inc., Cohen & Steers, Inc. (NYSE:CNS) and others.

Cohen & Steers Appoints Richard Hill as Senior Vice President and Head of Real Estate Strategy & Research

Insufficient new directors

Co-Founder & Director recently sold €4.6m worth of stock

Cohen & Steers, Inc. Declares Cash Dividend for the Third Quarter of 2022, Payable on August 25, 2022

Chief Accounting Officer & Senior VP recently sold €87k worth of stock

Second quarter 2022 earnings released: EPS: US$1.07 (vs US$0.96 in 2Q 2021)

Healthcare Trust of America, Inc. (NYSE:HTA) completed the acquisition of Healthcare Realty Trust Incorporated (NYSE:HR) from a group of shareholders.

Cohen & Steers, Inc. to Report Q2, 2022 Results on Jul 20, 2022

First quarter 2022 earnings released: EPS: US$0.86 (vs US$1.02 in 1Q 2021)

Cohen & Steers, Inc. Declares Second Quarterly Cash Dividend, Payable on May 26, 2022

Cohen & Steers, Inc. Appoints Alicia E. Dee as Executive Vice President and Chief Human Resources Officer

First quarter 2022 earnings released: EPS: US$0.86 (vs US$1.02 in 1Q 2021)

Cohen & Steers, Inc. to Report Q1, 2022 Results on Apr 20, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Cohen & Steers, Inc. has filed an IPO in the amount of $305 million.

Co-Founder & Chairman recently sold €8.6m worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Third quarter 2021 earnings released: EPS US$1.06 (vs US$0.67 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.96 (vs US$0.60 in 2Q 2020)

Executive VP, Head of U.S. Real Estate & Senior Portfolio Manager Thomas Bohjalian has left the company

First quarter 2021 earnings released: EPS US$1.02 (vs US$0.43 in 1Q 2020)

Cohen & Steers, Inc. Declares Dividend for the Second Quarter of 2021, Payable on May 27, 2021

First quarter 2021 earnings released: EPS US$1.02 (vs US$0.43 in 1Q 2020)

Full year 2020 earnings released: EPS US$1.60 (vs US$2.85 in FY 2019)

Revenue beats expectations

New 90-day low: €53.50

Cohen & Steers, Inc. Appoints Joseph M. Harvey, as Acting Chief Executive Officer

Full year 2020 earnings released: EPS US$1.60 (vs US$2.85 in FY 2019)

Revenue beats expectations

Cohen & Steers, Inc. to Report Q4, 2020 Results on Jan 27, 2021

Cohen & Steers, Inc. Appoints Koichiro Teramoto as Head of Sales, Japan

Insider recently sold €199k worth of stock