CBRE Q2 2022 Earnings Report
Key Takeaways
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%.
All three business segments posted double-digit revenue and segment operating profit growth.
Core EPS was the highest for any quarter in CBRE’s history – up 37% from last year’s second quarter and even slightly higher than last year’s record fourth quarter.
These results reflect the benefits of our diversification strategy and an economic backdrop that was still generally supportive despite heightened macro concerns.
The company repurchased approximately 7.5 million shares for $611.2 million ($81.39 average price per share) during the second quarter of 2022.
CBRE
CBRE
CBRE Revenue by Segment
Forward Guidance
The company did not provide forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income