• Cohen & Steers, Inc. recently appointed Diana Shieh as Chief Operating Officer and Head of Asset Management for its Private Real Estate Group, while also reporting preliminary assets under management of US$90.5 billion as of December 31, 2025, reflecting a US$1.4 billion decline from November due to market depreciation and distributions partly offset by net inflows.
• The combination of a senior hire with deep real estate experience and a recent AUM pullback highlights how Cohen & Steers is refining its private real estate platform amid shifting real asset market conditions.
• We’ll now examine how Shieh’s appointment to lead private real estate asset management could influence Cohen & Steers’ existing investment narrative.

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Cohen & Steers Investment Narrative Recap

To own Cohen & Steers, you need to believe in the long term appeal of real assets and the firm’s ability to grow and retain fee paying AUM despite fee pressure and product shifts. The appointment of Diana Shieh to lead private real estate and the modest December AUM pullback do not materially change the near term focus on stabilising flows and managing expense growth, but they are part of how the firm is positioning its higher margin real estate platform.

Among recent announcements, the launch of new active ETFs in real assets stands out alongside Shieh’s hire, since both relate directly to Cohen & Steers’ effort to broaden its product set while deepening its private real estate capabilities. Together, they connect to a key potential catalyst: winning more allocations to both listed and private real assets as investors look for income and diversification, even as the business remains concentrated in real estate and exposed to shifts toward lower fee vehicles.

Yet behind this repositioning, investors still need to weigh the risk that ongoing client preference for lower fee, passive products could...

Cohen & Steers' narrative projects $704.3 million revenue and $318.2 million earnings by 2028. This requires 9.0% yearly revenue growth and about a $156 million earnings increase from $162.1 million today.

Uncover how Cohen & Steers' forecasts yield a $71.67 fair value, a 4% upside to its current price.

Exploring Other Perspectives

The single fair value estimate from the Simply Wall St Community sits at US$71.67, showing one clear reference point rather than a wide spread of views. You can weigh that against the highlighted risk that fee pressure from lower cost products may persist and consider how different future margin paths could influence your own expectations for Cohen & Steers’ performance.

Explore another fair value estimate on Cohen & Steers - why the stock might be worth as much as $71.67!

Build Your Own Cohen & Steers Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Cohen & Steers research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.
• Our free Cohen & Steers research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Cohen & Steers' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.