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Mar 31, 2020
CBRE Q1 2020 Earnings Report
CBRE reported a strong start to the year, driven by Advisory Services, particularly property sales in Europe and Japan, before being impacted by Covid-19 in late March. Actions are being taken to mitigate the impact across the business in light of the economic downturn.
Key Takeaways
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.
Revenue increased by 14.7% to $5,889 million.
GAAP EPS increased by 4.9% to $0.51.
Adjusted EBITDA decreased by 4.4% to $430 million.
Adjusted EPS decreased by 4.9% to $0.75.
CBRE
CBRE
CBRE Revenue by Segment
Forward Guidance
In light of the uncertain operating environment caused by Covid-19, CBRE has withdrawn the 2020 earnings guidance that was provided on February 27, 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income