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Sep 30, 2021

CBRE Q3 2021 Earnings Report

CBRE reported strong Q3 2021 results driven by diversification strategy, with significant growth in net income and EPS.

Key Takeaways

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.

Net income increased by 137% and EPS increased by 135%.

Adjusted net income increased by 93% and adjusted EPS increased by 92%.

Global property sales revenue rose 93% and exceeded the third-quarter 2019 peak level by 27%.

Global leasing revenue increased 58% and exceeded the third-quarter 2019 peak level by 7%.

Total Revenue
$6.8B
Previous year: $5.65B
+20.4%
EPS
$1.39
Previous year: $0.73
+90.4%
Operating Margin
21.6%
Previous year: 3.8%
+468.4%
Mortgage Origination Growth
41%
Previous year: -21%
-295.2%
Gross Profit
$1.54B
Previous year: $1.08B
+42.5%
Cash and Equivalents
$2.77B
Previous year: $1.48B
+86.8%
Free Cash Flow
$928M
Previous year: $798M
+16.3%
Total Assets
$19.7B
Previous year: $16.3B
+20.7%

CBRE

CBRE

CBRE Revenue by Segment

Forward Guidance

The company did not provide specific forward guidance in this report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income