CBRE Q3 2024 Earnings Report
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.
CBRE
CBRE
CBRE 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