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Sep 30, 2024
CBRE Q3 2024 Earnings Report
CBRE's Q3 2024 performance was marked by significant growth in revenue and earnings, driven by strong performance across all three business segments.
Key Takeaways
CBRE Group, Inc. reported strong financial results for the third quarter of 2024, with GAAP EPS up 20% to $0.73 and Core EPS up 67% to $1.20. Revenue increased by 15%, and net revenue rose by 20%. The company also raised its full-year Core EPS outlook.
GAAP EPS increased by 20% to $0.73, while Core EPS surged by 67% to $1.20.
Revenue grew by 15%, and net revenue increased by 20%.
Global leasing revenue experienced a significant increase of 19%, supported by a 24% rise in the United States.
Global property sales revenue increased for the first time in eight quarters, with 20% growth in the United States driven by multifamily and retail assets.
Revenue by Segment
Forward Guidance
CBRE increased full-year Core EPS outlook to a range of $4.95 to $5.05 – up from $4.70 to $4.90
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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