Cohen & Steers, Inc. (NYSE:CNS) Q1 2022 Earnings Conference Call April 21, 2022 10:00 AM ET

Company Representatives

Joe Harvey - Chief Executive Officer

Matt Stadler - Chief Financial Officer

John Shay - Chief Investment Officer

Brian Heller - Senior Vice President, Corporate Counsel

Conference Call Participants

John Dunn - Evercore ISI

Alex Bond - KBW

Marla Backer - Sidoti

John Dunn - Evercore ISI

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Cohen & Steers, First Quarter 2022 Earnings Conference Call. During the presentation all participants will be in a listen-only mode. Afterwards we will conduct a question-and-answer session. [Operator Instructions]. As a reminder, this conference is being recorded on Thursday, April 21, 2022.

I would now like to turn the conference over to Mr. Brian Heller, Senior Vice President and Corporate Counsel of Cohen & Steers. Please go ahead.

Brian Heller

Thank you, and welcome to the Cohen & Steers, First Quarter 2022 Earnings Conference Call. Joining me are our Chief Executive Officer, Joe Harvey; our Chief Financial Officer, Matt Stadler; and our Chief Investment Officer, John Shay.

I want to remind you that some of our comments and answers to your questions may include forward-looking statements. We believe these statements are reasonable based on information currently available to us, but actual outcomes could differ materially due to a number of factors, including those described in our accompanying first quarter earnings release and presentation, our most recent Annual Report on Form 10-K and our other SEC filings. We assume no duty to update any forward-looking statement. Further, none of our statements constitute an offer to sell or the solicitation of an offer to buy the securities of any fund.

Our presentation also contains non-GAAP financial measures referred to as adjusted financial measures that we believe are meaningful in evaluating our performance. These non-GAAP financial measures should be read in conjunction with our GAAP results. A reconciliation of these non-GAAP financial measures is included in the earnings release and presentation to the extent reasonably available. The earnings release and presentation, as well as links to our SEC filings are available in the Investor Relations section of our website at www.cohenandsteers.com.

With that, I'll turn the call over to Matt.

Matt Stadler

Thank you, Brian. Good morning everyone! As usual my remarks this morning will focus on our as adjusted results, which in addition to the customary items exclude cost of $15.2 million associated with the initial public offering of Cohen & Steers real estate opportunities and income fund.