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Sep 30, 2022
CBRE Q3 2022 Earnings Report
CBRE's financial performance reflected resilience amidst a deteriorating macro environment, with leasing performing well and secularly favored businesses posting solid results.
Key Takeaways
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.
Leasing activity continued to rebound in most global markets with revenue rising 14%.
A constrained capital environment caused global sales revenue to fall 11%.
GWS revenue rose 8%, excluding $325 million of Turner & Townsend revenue.
The development pipeline increased $2.0 billion from second-quarter 2022 to $13.5 billion, a record level.
Revenue by Segment
Forward Guidance
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Revenue & Expenses
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Avg. Return Before/After Earnings
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