Colliers International Group

Colliers International Group, Inc. engages in the provision of commercial real estate services to corporate and institutional clients. The firm primarily offers outsourcing and advisory services, lease brokerage, and sales brokerage. It operates through the following geographical segments: Americas, EMEA, Asia Pacific, and Corporate. The Corporate segment includes the costs of global administrative functions and corporate head office. The company was founded on July 31, 1988 and is headquartered in Toronto, Canada.

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Colliers International Group, Inc. engages in the provision of commercial real estate services to corporate and institutional clients. It offers outsourcing and advisory services, lease brokerage, and sales brokerage. It operates through the following segments: Americas, EMEA, Asia Pacific, Investment Management, and Corporate. The Corporate segment includes the costs of global administrative functions and corporate head office. The company was founded on July 31, 1988, and is headquartered in Toronto, Canada.

Report highlights progress on environment, inclusiveness and health & wellbeing commitments Report highlights progress on environment, inclusiveness and health & wellbeing commitments

Colliers releases 2023 Global Sustainability Report

TORONTO and LAVAL, June 03, 2024 (GLOBE NEWSWIRE) -- Global diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today it has entered into a definitive agreement to acquire Englobe Corporation (“Englobe”), a leading Canadian multi-discipline engineering, environmental and inspection services firm. Englobe's senior leadership team and employee shareholders will remain shareholders in the business under Colliers' unique partnership model.

Colliers to Acquire Leading Canadian Engineering Firm Englobe

TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX and NASDAQ: CIGI) ("Colliers") announced today that its Board of Directors has declared a semi-annual cash dividend on the outstanding Subordinate Voting Shares and Multiple Voting Shares (together, the "Common Shares") of US$0.15 per Common Share. This dividend is in accordance with the dividend policy of Colliers. The dividend is payable on July 12, 2024 to holders of Common Shares of record at the close of business on June 28, 2024. The dividend is an "eligible dividend" for Canadian income tax purposes.

Colliers declares semi-annual dividend

FirstService

Colliers International Group Inc. (NASDAQ:CIGI ) Q1 2024 Results Conference Call May 2, 2024 11:00 AM ET Company Participants Jay Hennick - Global Chairman and Chief Executive Officer Chris McLernon - Chief Executive Officer, Real Estate Services Christian Mayer - Chief Financial Officer Conference Call Participants Stephen MacLeod - BMO Capital Markets Daryl Young - Stifel Stephen Sheldon - William Blair Himanshu Gupta - Scotiabank Jimmy Shan - RBC Frederic Bastien - Raymond James Operator Welcome to the Colliers International First Quarter Investors Conference Call. Today's call is being recorded.

Colliers International Group Inc. (CIGI) Q1 2024 Earnings Call Transcript

Continued growth and resiliency from highly diversified recurring services First quarter operating highlights:   Three months ended   March 31 (in millions of US$, except EPS)   2024     2023               Revenues $ 1,002.0   $ 965.9   Adjusted EBITDA (note 1)   108.7     104.6   Adjusted EPS (note 2)   0.77     0.86               GAAP operating earnings   43.3     22.1   GAAP diluted net earnings (loss) per share   0.26     (0.47 ) TORONTO, May 02, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers” or the “Company”) today announced operating and financial results for the first quarter ended March 31, 2024. All amounts are in US dollars.

Colliers Reports First Quarter Results

Colliers International (CIGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Colliers International (CIGI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

CBRE Group

Cushman & Wakefield plc

Jones Lang LaSalle

William Blair suggests buying shares of CBRE Group, Jones Lang LaSalle, Colliers International, and Cushman & Wakefield, which service commercial properties.

4 Stock Picks to Play a Commercial-Real-Estate Bottom, Says Analyst

Acquisition strengthens Colliers' key U.S. Northeast and Mid-Atlantic Regions Acquisition strengthens Colliers' key U.S. Northeast and Mid-Atlantic Regions

Colliers adds market leader in Philadelphia

TORONTO, April 02, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX: CIGI; NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that at its annual and special meeting of shareholders held virtually on April 2, 2024, the ten director nominees listed in Colliers' management information circular dated February 15, 2024 (the “Circular”) were elected as directors of Colliers. Directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote are set out below.

Colliers Announces Voting Results

TORONTO, March 20, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX & NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that its Annual and Special Meeting of Shareholders will be held virtually on April 2, 2024 at 11:00am ET.

Colliers announces upcoming meeting and reporting dates

TORONTO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX and NASDAQ: CIGI) (“Colliers” or the “Company”) is pleased to report that it has closed its previously announced bought deal public offering of 2,479,500 subordinate voting shares (the “Subordinate Voting Shares”), at a price of US$121.00 per Subordinate Voting Share for gross proceeds of US$300.0 million (the “Offering”) with a syndicate of underwriters led by BMO Capital Markets and J.P. Morgan as joint bookrunners, and including Mizuho, National Bank Financial, RBC Capital Markets, Scotiabank, Merrill Lynch, BTIG, LLC, CIBC Capital Markets, Goldman Sachs, Raymond James, TD Securities, Wells Fargo and Stifel Nicolaus (the “Underwriters”). Colliers has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any.

Colliers International Group Inc. Completes US$300 Million Bought Deal Public Offering of Equity

TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX and NASDAQ: CIGI) (“Colliers” or the “Company”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and J.P. Morgan, under which the underwriters have agreed to buy on a “bought deal” basis 2,479,500 subordinate voting shares (the “Subordinate Voting Shares”), at a price of US$121.00 per Subordinate Voting Share for gross proceeds of approximately US$300 million (the “Offering”). Colliers has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about February 28, 2024.

Colliers International Group Inc. Announces US$300 Million Bought Deal Public Offering of Equity

TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management company Colliers (NASDAQ and TSX: CIGI) has been named to the 2024 Global Outsourcing 100® list by the International Association of Outsourcing Professionals (IAOP). This marks Colliers' 18th consecutive year of being recognized as one of the world's best outsourcing service providers.

Colliers recognized among best professional services firms by IAOP

CIGI's recent fourth quarter top line and bottom line exceeded the sell side's expectations by +1.9% and +3.5%, respectively. The company sees its revenue and earnings expanding by +7.5% and +15.0% (mid-point of guidance), respectively in the current year which indicates that a turnaround is in sight. I think that Colliers International's shares are undervalued and deserving of a Buy rating based on a comparison of its EV/EBIT multiple and its expected EBIT growth.

Colliers International: Turnaround Isn't Fully Priced In Yet

Colliers International Group Inc. (CIGI) Q4 2023 Earnings Call Transcript

Colliers International (CIGI) came out with quarterly earnings of $2 per share, beating the Zacks Consensus Estimate of $1.92 per share. This compares to earnings of $2.31 per share a year ago.

Colliers International (CIGI) Q4 Earnings and Revenues Surpass Estimates

Robust revenue growth continues in high-value recurring services Fourth quarter and full year operating highlights:     Three months ended   Twelve months ended     December 31   December 31 (in millions of US$, except EPS)   2023     2022     2023     2022                           Revenues $ 1,235.2   $ 1,222.4   $ 4,335.1   $ 4,459.5 Adjusted EBITDA (note 1)   198.4     202.7     595.0     630.5 Adjusted EPS (note 2)   2.00     2.31     5.35     6.99                           GAAP operating earnings   132.6     103.8     300.9     332.5 GAAP diluted net earnings per share   1.42     0.51     1.41     1.05 TORONTO, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers” or the “Company”) today announced operating and financial results for the fourth quarter and year ended December 31, 2023. All amounts are in US dollars.

Colliers Reports Fourth Quarter Results

Analysts Estimate Colliers International (CIGI) to Report a Decline in Earnings: What to Look Out for

TORONTO, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX & NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that results for the fourth quarter and full year ended December 31, 2023 will be issued by press release on February 8, 2024 at approximately 7:00am ET.

Colliers to announce fourth quarter and full year results on February 8, 2024

TORONTO, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Hennick & Company, Inc. (“Hennick&Co”), a private investment firm founded by the Hennick Family, announced today that it has acquired the Bridge Tower Place Retail located at 401 East 60th Street, a significant real estate asset in Manhattan, New York for USD $153 million (the “Property”). The Hennick Family is the founding and largest shareholder of two public companies, Colliers International Group Inc. (NASAQ: CIGI) and FirstService Corporation (NASAQ: FSV).

Hennick & Company Acquires Generational Real Estate in Manhattan

Becton, Dickinson and Co.

Dollar General

DG, BDX and CIGI have been added to the Zacks Rank #5 (Strong Sell) List on December 11, 2023.

New Strong Sell Stocks for December 11th

Advancing sustainability efforts by targeting whole life carbon and use of 100% renewable energy in own operations Advancing sustainability efforts by targeting whole life carbon and use of 100% renewable energy in own operations

Colliers joins the World Green Building Council's Net Zero Carbon Buildings Commitment

Industrial & logistics, multifamily, and office remain top picks for 2024 with investors deploying new strategies in each sector Industrial & logistics, multifamily, and office remain top picks for 2024 with investors deploying new strategies in each sector

Challenging conditions to persist, but expectation of clearer rate outlook and tightening bid-ask spreads on the horizon

TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Global professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) has been recognized once again by Forbes as one of the world's top companies for women. Colliers was the only global, full-service commercial real estate firm to receive this prestigious accolade, which highlights the company's commitment to supporting women both inside and outside of the workplace.

Colliers recognized by Forbes as one of the World's Top Companies for Women in 2023

Gildan Activewear

TFI International

I read a recent Seeking Alpha article about Cenovus (NYSE: CVE ), easily one of Canada's best energy producers. The author's focus on CVE's buyback propensity had me thinking about other Canadian stocks making big share repurchases in 2023.

News for Colliers International Group Stock (CIGI)