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.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

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.

CBRE benefits from diversification across asset types, business lines, client types and geographies and the expansion of its resilient business in recent years.

CBRE Retains Top Spot in U.S. Investment Sales Activity in 2022

DALLAS--( BUSINESS WIRE )--CBRE was the top-ranked firm for commercial real estate investment sales in the U.S. during 2022, according to MSCI Real Assets—the 17th consecutive year that CBRE has claimed the top spot.

CBRE Leads U.S. Investment Sales Activity in 2022 for 17th Consecutive Year

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Pressured by global recession concerns, Industrial REITs dipped by 30% in 2022 - the sector's worst year on record- snapping a seven-year streak of outperformance over the broader REIT Index. The frenzied investment in logistics space clashed with already-tight supply, fueling an incredible surge in rent growth across logistics and warehouse properties. Market rents have soared 50% since early 2021.

Industrial REITs: Shortages Become Gluts

MainStay CBRE Global Infrastructure Megatrends Fund

NEW YORK , Jan. 13, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for January 2023 of $0.1083 per common share. The distribution reflects an annualized distribution rate of 6.5% based on a $20.00 per share initial public offering (IPO) price.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Declares Monthly Distribution for January 2023 and Availability of 19(a) Notice

NEW YORK , Jan. 11, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) (the "Fund") has announced a webinar with the portfolio management team, to be held on Wednesday, January 18, 2023, 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 Fund (NYSE: MEGI) Announces Portfolio Manager Update Webinar Wednesday, January 18, 2023

DALLAS--( BUSINESS WIRE )--CBRE Group, Inc. (NYSE: CBRE) will release its fourth quarter 2022 financial results at approximately 6:55 a.m. Eastern time on Thursday, February 23, 2023. Management will hold a conference call to discuss these results at 8:30 a.m. Eastern time on that same day (Thursday, February 23, 2023).

CBRE Group, Inc. Announces Details of Conference Call and Webcast for Fourth Quarter 2022 Financial Results

WEST PALM BEACH, Fla. , Dec. 20, 2022 /PRNewswire/ -- Mint Eco Car Wash has announced the acquisition of its tenth site in Palm Beach County, officially making the award-winning, local brand the largest car wash business in the County.

Mint Eco Car Wash Acquires Tenth Site, Becomes the Largest Car Wash in Palm Beach County

CBRE is the global leader in its industry, operating in more than 100 countries. The company has become more resilient, with a strong balance sheet, a highly variable cost structure, and a higher percentage of earnings coming from resilient business lines.

CBRE Group: Now Is A Great Time To Buy Shares

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Prologis

U.S. industrial and logistics leasing activity will decline by 10% to 15% in 2023, though for the 13th consecutive year more industrial square footage will be absorbed than will be vacated, real estate services firm CBRE Group Inc. said Thursday. Industrial vacancy rates, already at historic lows, will increase just slightly next year, CBRE said.

Warehouse leasing forecast to fall as much as 15% in 2023

NEW YORK , Dec. 14, 2022 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for December 2022 of $0.1083 per common share. The distribution reflects an annualized distribution rate of 6.5% based on a $20.00 per share initial public offering (IPO) price.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Declares Monthly Distribution for December 2022 and Availability of 19(a) Notice

DALLAS--( BUSINESS WIRE )--CBRE Group, Inc. (NYSE: CBRE) has again joined the top corporate sustainability leaders on the Dow Jones Sustainability World Index (DJSI) for the fourth consecutive year. DJSI identifies companies using S&P Global's Corporate Sustainability Assessment (CSA) focused on economic, environmental and social criteria.

CBRE Recognized on Dow Jones Sustainability World Index Four Years in a Row

DALLAS--( BUSINESS WIRE )--CBRE (NYSE: CBRE) announced today that Bob Sulentic, the company's Chief Executive Officer, will participate in a fireside chat at the Goldman Sachs U.S. Financial Services Conference on Tuesday, December 6, 2022. The presentation is scheduled for 3 pm Eastern time.

CBRE Group, Inc. to Present at the Goldman Sachs 2022 U.S. Financial Services Conference

MELBOURNE, Australia & NEW YORK--( BUSINESS WIRE )--Occupancy analytics leader XY Sense today announced that it won the Innovation of the Year Award at the CBRE Supplier Innovation Challenge for North America. The competition recognizes CBRE partner companies for their innovative contributions to serving the needs of CBRE clients.

XY Sense Wins Innovation of the Year Award at the CBRE Global Workplace Solutions (GWS) Supplier Innovation Challenge

DALLAS--( BUSINESS WIRE )--CBRE ranked #26 among the S&P 250 for investor transparency and was the top firm within the real estate industry in the fourth annual U.S. Transparency Awards. The rankings compare corporate disclosure practices among the S&P 250—the nation's largest companies based on market capitalization. Additionally, CBRE's Standards of Business Conduct was ranked in the top 10 for Best Code of Conduct.

CBRE Ranks Among Top Companies for Investor Transparency

NEW YORK , Nov. 14, 2022 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for November 2022 of $0.1083 per common share. The distribution reflects an annualized distribution rate of 6.5% based on a $20.00 per share initial public offering (IPO) price.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Declares Monthly Distribution for November 2022 and Availability of 19(a) Notice

DALLAS--(BUSINESS WIRE)--CBRE Group (NYSE:CBRE) today announced it has acquired Full Spectrum Group, a leading provider of expert technical support services for high-end laboratory systems in the U.S., from private equity firm Pfingsten Partners, for a total consideration of $110 million.

CBRE Enhances Integrated Laboratory Solutions Capabilities with Acquisition of Full Spectrum Group

CBRE Group's (CBRE) Q3 results reflect lower-than-expected revenues amid the weakening of the macro environment.

CBRE Group (CBRE) Q3 Earnings & Revenues Lag, Stock Down

CBRE Group, Inc. (NYSE:CBRE ) Q3 2022 Earnings Conference Call October 27, 2022 8:30 AM ET Company Participants Brad Burke - Head, IR Robert Sulentic - President and CEO Emma Giamartino - CFO and Investment Officer Conference Call Participants Chandni Luthra - Goldman Sachs Anthony Paolone - JPMorgan Steve Sakwa - Evercore ISI Jade rahmani - KBW Stephen Sheldon - William Blair Patrick O'Shaughnessy - Raymond James Operator Greetings and welcome to the CBRE Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

CBRE Group, Inc. (CBRE) Q3 2022 Earnings Call Transcript

CBRE (CBRE) delivered earnings and revenue surprises of -8.87% and 4.68%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

CBRE Group (CBRE) Lags Q3 Earnings and Revenue Estimates

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the third quarter ended September 30, 2022.

CBRE Group, Inc. Reports Financial Results for Third-Quarter 2022

With interest rates having risen dramatically in 2022, commercial real estate transaction levels may decline significantly in 2H22 and into 2023. This will adversely impact near-term transaction activity. Over the past decade, more real estate private equity has focused on permanent capital/buy&hold strategies as opposed to buy/fix/sell which presents a long-term headwind to transaction activity.

CBRE Group: Cyclical And Structural Headwinds

NEW YORK , Oct. 14, 2022 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for October 2022 of $0.1083 per common share. The distribution reflects an annualized distribution rate of 6.5% based on a $20.00 per share initial public offering (IPO) price.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Declares Monthly Distribution for October 2022 and Availability of 19(a) Notice

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Want to put an S&P 500 investor in a good mood during earnings season? A huge earnings surprise would do it.

11 Stocks Are Primed To Blow Away Earnings Expectations

NEW YORK , Oct. 13, 2022 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) (the "Fund") has announced a conference call with the portfolio management team, to be held on Thursday, October 20, 2022 at 4:00 PM ET. During the call, the team will provide an update on the portfolio and market outlook.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Announces Portfolio Manager Update Call Thursday, October 20, 2022

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE: CBRE) will release its third quarter 2022 financial results at approximately 6:55 a.m. Eastern time on Thursday, October 27, 2022. Management will hold a conference call to discuss these results at 8:30 a.m. Eastern time on that same day (Thursday, October 27, 2022). The call will be webcast and accessible through the Investor Relations section of the company's website at www.cbre.com, along with a supplementary slide presentation also available

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