CBRE Earnings Reports

CBRE delivered record Q4 core earnings and free cash flow, with strong performance in leasing and capital markets driving revenue growth of 16.2% YoY.

CBRE Group, Inc. reported strong financial results for the third quarter of 2024, with GAAP EPS up 20% to $0.73 and Core EPS up 67% to $1.20. Revenue increased by 15%, and net revenue rose by 20%. The company also raised its full-year Core EPS outlook.

CBRE Group, Inc. reported strong second-quarter 2024 financial results, with revenue up 9% and net revenue up 11%. The company saw growth in resilient businesses and advisory transaction revenue, particularly in U.S. leasing and mortgage origination fees. Free cash flow improved significantly, and the company increased its full-year Core EPS outlook.

CBRE Group, Inc. reported financial results for the first quarter ended March 31, 2024. GAAP EPS was up 10% to $0.41, while Core EPS was down 15% to $0.78. Revenue increased by 7.1% to $7,935 million. The company expects to generate core earnings per share in the range of $4.25 to $4.65 in 2024.

CBRE Group, Inc. reported a strong Q4 2023 with operating profit growth across all three business segments. Q4 GAAP EPS rose to $1.55 and Core EPS rose to $1.38. Revenue increased by 9.2% to $8.95 billion.

CBRE Group, Inc. reported financial results for the third quarter ended September 30, 2023. GAAP EPS declined 56% to $0.61, and Core EPS declined 36% to $0.72. The company now expects 2023 core earnings-per-share to decrease by mid-30%.

CBRE Group, Inc. reported financial results for the second quarter ended June 30, 2023. GAAP EPS declined 57% to $0.64 and Core EPS declined 55% to $0.82.

CBRE Group, Inc. reported financial results for the first quarter ended March 31, 2023. GAAP EPS declined 68% to $0.37, and Core EPS declined 34% to $0.92. Revenue was $7.411 billion, a 1.1% increase year-over-year.

CBRE Group, Inc. reported financial results for the fourth quarter and year ended December 31, 2022. Although core earnings declined significantly in the fourth quarter, they slightly exceeded the estimate provided last quarter. For all of 2022, CBRE achieved a solid, 7% growth rate in core earnings-per-share despite the more than doubling of long-term interest rates, sharp equity market decline and the credit crunch that constrained investment activity for most of the second half.

CBRE Group, Inc. reported financial results for the third quarter ended September 30, 2022. GAAP EPS rose 7% to $1.38, while core EPS declined 19% to $1.13. Revenue increased by 10.8% to $7,530 million.

CBRE Group, Inc. reported financial results for the second quarter ended June 30, 2022. Net income was up 10% and GAAP EPS was up 13%. Core Adjusted Net Income was up 33% and Core EPS was up 37%.

CBRE Group, Inc. reported a strong start to 2022, with significant increases in net income, EPS, and revenue. The company's diversified business strategy and strategic investments, including the acquisition of Turner & Townsend, contributed to the positive results. Share repurchases totaled $627 million year-to-date, reflecting a commitment to returning cash to shareholders.

CBRE Group, Inc. reported strong Q4 and full year 2021 financial results, achieving record revenue, net revenue, earnings, and free cash flow. The company's diversification strategy and healthy balance sheet contributed to the outstanding performance.

CBRE Group, Inc. reported financial results for the third quarter ended September 30, 2021, with net income up 137% and EPS up 135%. Adjusted Net Income was up 93% and Adjusted EPS up 92%. The company's diversification strategy and adept leadership in identifying growth opportunities contributed to the strong performance.

CBRE Group, Inc. reported strong financial results for the second quarter ended June 30, 2021, with EPS rising to $1.30 (GAAP) and $1.36 (Adjusted). Revenue increased by 20% to $6.459 billion, and net income saw a significant rise of 440.5% to $443 million. The company's adjusted EBITDA also experienced substantial growth, increasing by 168.7% to $718 million.

CBRE Group, Inc. reported a strong start to 2021, achieving record first-quarter revenue and adjusted earnings per share. The company's performance was driven by its diversified business model and cost-saving measures implemented in 2020. While the office market continues to face pressure, CBRE anticipates strong growth for the full year, surpassing 2019's peak levels.

CBRE Group, Inc. reported strong Q4 2020 results, with adjusted earnings per share reaching an all-time high and adjusted EBITDA growing by 9%. The company's diversification across property types, lines of business, geographic markets, and clients contributed to its resilience during the Covid-19 crisis.

CBRE Group, Inc. reported financial results for the third quarter ended September 30, 2020. The company's performance was impacted by the Covid-19 pandemic, particularly in the sales and leasing businesses. However, internal efforts to improve cash management resulted in increased free cash flow. GAAP EPS was $0.55 and adjusted EPS was $0.73 for the quarter.

CBRE Group, Inc. reported financial results for the second quarter ended June 30, 2020. The company's performance was impacted by Covid-19, but cushioned by its diverse business mix and early expense reduction moves. Double-digit adjusted EBITDA growth in the Global Workplace Solutions segment demonstrated the resiliency of a business.

CBRE Group, Inc. reported financial results for the first quarter ended March 31, 2020. Revenue increased by 14.7% to $5,889 million, and GAAP EPS increased by 4.9% to $0.51. However, adjusted EBITDA decreased by 4.4% to $430 million, and adjusted EPS decreased by 4.9% to $0.75, primarily due to a decline in the Real Estate Investments segment.

CBRE Group, Inc. reported strong Q4 2019 results, with revenue reaching $7.119 billion, a 13.1% increase year-over-year. GAAP EPS was $1.87, up 63.0%, and adjusted EPS was $1.32, an 8.8% increase. The company anticipates adjusted EPS of $4.05 to $4.25 for 2020.