CBRE Group

CBRE Group, Inc. engages in the provision of commercial real estate and investment services. It operates through the following segments: Advisory Services, Global Workplace Solutions and Real Estate Investments. The Advisory Services Segment provides a comprehensive range of services globally, including property leasing, capital markets (property sales and mortgage origination, sales and servicing), property management, project management services and valuation services. The Global Workplace Solutions Segment provides a broad suite of integrated, contractually-based outsourcing services globally for occupiers of real estate, including facilities management, project management and transaction services (leasing and sales). The Real Estate Investments Segment consists of investment management services provided globally, development services in the United States and United Kingdom and a service designed to help property occupiers and owners meet the growing demand for flexible office space solutions on a global basis. The company was founded by Colbert Coldwell in 1906 and is headquartered in Dallas, TX.

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Earnings data Q4 2024

CBRE Group surpasses Q4 earnings estimates amidst market challenges

CBRE Group's Q4 2022 performance exceeded estimates, with full-year core EPS growth despite challenges. Anticipate sales and leasing weakness in 2023 but aim for cost containment and potential M&A. Focus on talent retention, capital allocation, and achieving long-term EPS growth.

CBRE Group reports Q1 results, eyes M&A for growth

CBRE Group navigates a challenging landscape with a focus on resilient business lines and cost reduction efforts. Despite anticipating a moderate recession and office market recovery delays, the company maintains its full-year outlook and eyes growth opportunities through M&A and private credit.

CBRE surpasses Q2 expectations amidst challenges, eyes M&A opportunities

CBRE's Q2 2023 performance slightly exceeded expectations, driven by growth in GWS and challenges in property sales and advisory services, impacted by interest rate increases.
The company faces challenges in leasing revenue, U.S. office leasing, and a decline in Advisory Services net revenue, while also experiencing a decline in full-year core EPS.
Opportunities lie in potential M&A activities, technology investments for efficiency, and growth in the development segment's pipeline, positioning CBRE for future success.

CBRE faces challenges in Q3 but eyes growth opportunities

CBRE Group navigated challenges in Q3, with a focus on resilient business segments like GWS and strategic capital deployment for future growth.
Despite lowered earnings expectations, the company remains optimistic about meaningful growth next year, driven by opportunities in M&A and untapped market potential.
The delay in the capital markets recovery timeline and interest rate impact pose challenges, but CBRE's active involvement in infrastructure and strong international performance provide avenues for long-term success.

CBRE Group reports strong Q4 performance and optimistic outlook

CBRE Group's Q4 2023 earnings call highlighted robust performance, strategic wins, and positive outlook for 2024. Despite market challenges, the company anticipates growth in transaction volumes and core EPS. Focus on M&A and infrastructure investments underscores a proactive approach to driving future success.

CBRE Group exceeds earnings expectations, addresses cost challenges for growth

CBRE Group's Q1 2024 performance showcased strength in net revenue growth but challenges in cost management, with opportunities for growth initiatives and operational improvements.
Despite facing cost issues in the GWS segment, the company remains focused on achieving its earnings outlook for the year and sustaining growth aspirations.
Aggressive actions to address cost challenges and strategic realignment efforts position CBRE Group for improved performance and operational efficiency in the upcoming quarters.

CBRE Group surpasses Q2 expectations, eyes record EPS in 2025

CBRE Group's Q2 performance exceeded expectations across key metrics, with strong growth in various business segments. The company is optimistic about achieving record EPS in 2025 and sustaining double-digit long-term growth.

CBRE Group reports robust Q3 performance, eyes growth in industrial leasing

CBRE Group's Q3 earnings call highlighted strong financial performance, operational gains, and strategic advancements. Management expressed confidence in sustained strength in office leasing, steady improvement in capital markets, and growth opportunities in various segments.

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CBRE Group, Inc. engages in the provision of commercial real estate and investment services. It operates through the following segments: Advisory Services, Global Workplace Solutions, Real Estate Investments, and Corporate and Other. The Advisory Services segment provides a comprehensive range of services globally, including property leasing, property sales, mortgage services, property management, and valuation services. The Global Workplace Solutions segment includes a suite of integrated facilities management and project management solutions for major occupiers of commercial real estate. The Real Estate Investments segment consists of investment management services provided globally, development services in the United States and United Kingdom, and a service designed to help property occupiers and owners meet the growing demand for flexible office space solutions on a global basis. The Corporate and Other segment refers to the corporate overhead costs and activities from strategic non-core and non-controlling equity investments. The company was founded by Colbert Coldwell in 1906 and is headquartered in Dallas, TX.

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MainStay CBRE Global Infrastructure Megatrends Fund

NEW YORK , Aug. 14, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for August 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.30% based upon the closing price of $13.27 on August 13, 2024, and 10.09% based upon the Fund's closing NAV of $14.87 as of the same date.

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for August 2024 and Availability of 19(a) Notice

Extensive real estate market knowledge and a healthy outsourcing business bode well for CBRE Group (CBRE).

Key Reasons to Add CBRE Group (CBRE) to Your Portfolio Now

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Buying real estate is one of the oldest ways of investing, and it has changed along with the evolution of the financial system. Renting out your space looks like a great option if you don't see it as passive income, because constant visits to check on the condition of the property can turn into a full-time job.

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CBRE's Q2 2024 EBITDA and EPS beat the sell-side analysts' consensus forecasts by +9.9% and +14.3%, respectively. The company raised its full-year bottom-line guidance by +7.9%, and the updated outlook implies a +25.0% increase in its earnings for 2024. I stick with a Buy rating for CBRE, as the stock could command a higher P/E multiple in view of its 2024 earnings outlook and its historical EPS growth numbers.

CBRE: Staying Positive With Beat-And-Raise Quarter

CBRE Group, Inc. (NYSE:CBRE ) Q2 2024 Results Conference Call July 25, 2024 8:30 AM ET Company Participants Chandni Luthra - Executive Vice President, Head of FP&A and Investor Relations Bob Sulentic - Chair & Chief Executive Officer Emma Giamartino - Chief Financial Officer Conference Call Participants Ronald Kamdem - Morgan Stanley Anthony Paolone - JPMorgan Jade Rahmani - KBW Michael Griffin - Citi Steve Sakwa - Evercore ISI Stephen Sheldon - William Blair Peter Abramowitz - Jefferies Operator Greetings, and welcome to the Second Quarter 2024 CBRE Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

CBRE Group, Inc. (CBRE) Q2 2024 Earnings Call Transcript

CBRE Group's (CBRE) Q2 results reflect the benefits of diversification and the expansion of its resilient business in recent years despite the challenging macro environment.

CBRE Group (CBRE) Q2 Earnings Beat, 2024 Outlook Raised

Although the revenue and EPS for CBRE (CBRE) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

CBRE (CBRE) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

CBRE Group (CBRE) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.82 per share a year ago.

CBRE Group (CBRE) Tops Q2 Earnings Estimates

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the second quarter ended June 30, 2024. Key Highlights: Revenue up 9%; net revenue up 11% Resilient Business(1) net revenue increased 14%, bolstered by Turner & Townsend's 18% growth Advisory transaction revenue - leasing and capital markets - rose 5%, supported by growth of 13% in U.S. leasing revenue and 20% in mortgage origination fees GAAP EPS down 34% to $0.42; Core EPS down 2% to $0.81 Deployed.

CBRE Group, Inc. Reports Financial Results for Second-Quarter 2024

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A focus on resilient business and diversification across property types, lines of business, geographic markets and clients and disciplined expense management are likely to aid CBRE Group's (CBRE) Q2 results.

Can CBRE Group (CBRE) Keep Its Winning Streak Alive in Q2?

Extensive real estate market knowledge and a solid outsourcing business bode well for CBRE Group (CBRE), though macroeconomic uncertainty and its adverse impact on commercial real estate transactions are concerning.

Should Investors Retain CBRE Group (CBRE) Stock for Now?

CBRE (CBRE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CBRE Group (CBRE) Expected to Beat Earnings Estimates: Should You Buy?

NEW YORK , July 15, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for July 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.39% based upon the closing price of $13.17 on July 11, 2024, and 10.11% based upon the Fund's closing NAV of $14.83 as of the same date.

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for July 2024 and Availability of 19(a) Notice

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Why CBRE Group (CBRE) is a Top Stock for the Long-Term

CBRE (CBRE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why CBRE (CBRE) is Poised to Beat Earnings Estimates Again

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE: CBRE) today announced that Gunjan Soni, a senior executive with deep technology and international business experience, has been appointed to the company's Board of Directors, effective July 15. Ms. Soni is chief executive officer of Zalora, the leading fashion e-commerce platform in Southeast Asia, and chief operating officer of its parent Global Fashion Group (GFG). “Gunjan brings a strong combination of technological enablement expertise and in.

Gunjan Soni to Join CBRE Group Board of Directors

NEW YORK, July 3, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) (the "Fund") has announced a webinar with the portfolio management team, led by Jeremy Anagnos, Principal, CIO, Listed Infrastructure and David Leggette, Lead Product Strategist, to be held on Thursday, July 18, 2024 at 4:00 PM ET. During the webinar, the team will provide an update on the portfolio and outlook for the year ahead.

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Announces Portfolio Manager Update Webinar Thursday, July 18, 2024

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE: CBRE) will release its second quarter 2024 financial results at approximately 6:55 a.m. Eastern time on Thursday, July 25, 2024. Management will hold a conference call to discuss these results at 8:30 a.m. Eastern time on that same day (Thursday, July 25, 2024). The event will be webcast live and accessible through the Investor Relations section of the company's website at www.cbre.com, along with a supplemental slide presentation, which is also.

CBRE Group, Inc. Announces Details of Conference Call and Webcast for Second Quarter 2024 Financial Results

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CBRE Group (CBRE) is set to combine its Project Management business with Turner & Townsend to generate incremental run-rate core EPS by the end of 2027.

CBRE Group (CBRE) to Merge its Project Management Business

Two Cleveland-based companies join forces to transform a historic Downtown building into a boutique hotel and modern multifamily apartments. CLEVELAND , June 25, 2024 /PRNewswire/ -- In a strategic collaboration that allows Cleveland's urban gems to shine in a new light, Spark GHC and Cleveland Construction today announce a groundbreaking joint venture.

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BUCHAREST, Romania , June 25, 2024 /PRNewswire/ -- Real estate investor-developer HAGAG Development Europe (TASE: HGGE) and leading real estate consulting agency CBRE Romania have recently signed an exclusive agreement destined to place Romania on the map of luxury shopping destinations. Romania's luxury goods market is estimated to generate revenues of EUR 535.82 million in 2024, with a significant contribution from online sales (13.8%).

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News for CBRE Group Stock (CBRE)