CBRE Q2 2021 Earnings Report
Key Takeaways
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's Q2 2021 revenue increased by 20% year-over-year to $6.459 billion.
GAAP net income rose by 440.5% to $443 million, with GAAP EPS at $1.30.
Adjusted EBITDA increased by 168.7% to $718 million.
The company's Advisory Services segment experienced a strong rebound, with revenue up by 46.9%.
CBRE
CBRE
CBRE Revenue by Segment
Forward Guidance
CBRE's agreement to acquire a majority interest in Turner & Townsend is expected to close in the fourth quarter of 2021, subject to regulatory approvals and other customary closing conditions. Upon completion, Turner & Townsend’s financial results will be consolidated and reported in CBRE’s GWS segment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income