Cohen & Steers: Q1 2023 Earnings Presentation Summary of first quarter 2023 results Assets under management • March 31, 2023 AUM was $79.9 billion versus $80.4 billion at December 31, 2022 • Average AUM was $83.2 billion for Q1 2023 versus $80.5 billion for Q4 2022 • Market appreciation was $671 million for Q1 2023 versus market appreciation of $3.5 billion for Q4 2022 Flows • Net outflows of $497 million in Q1 2023 versus net outflows of $1.1 billion in Q4 2022 • Net outflows in subadvisory ex. Japan, advi ...