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Sep 30
CBRE Q3 2025 Earnings Report
CBRE Group, Inc. reported strong financial results for the third quarter ended September 30, 2025, with significant growth across all segments.
Key Takeaways
CBRE Group, Inc. delivered excellent results in Q3 2025, with GAAP EPS up 66% to $1.21 and Core EPS up 34% to $1.61. Revenue increased 14% to $10.3 billion, driven by strong growth in both Resilient and Transactional Businesses. GAAP net income rose 61% to $363 million, and Core EBITDA increased 19% to $821 million. The company also generated strong free cash flow of $779 million for the quarter.
GAAP EPS increased by 66% to $1.21, and Core EPS rose by 34% to $1.61, significantly exceeding prior year figures.
Total revenue grew by 14% to $10.3 billion, with both Resilient and Transactional Businesses contributing to the strong performance.
GAAP net income surged by 61% to $363 million, and Core EBITDA saw a 19% increase to $821 million.
The company generated substantial free cash flow of $779 million for the quarter, contributing to increased liquidity of $5.2 billion.
CBRE
CBRE
CBRE Revenue by Segment
Revenue by Segment
Advisory Services Revenue
CapyFin.comBuilding Operations & Experience Revenue
CapyFin.comProject Management Revenue
CapyFin.comReal Estate Investments Revenue
CapyFin.com Forward Guidance
CBRE increased its 2025 Core EPS outlook to $6.25 to $6.35, up from the previous guidance of $6.10 to $6.20. At the midpoint, this represents a more than 24% increase for the year and would be 10% above the prior peak.
Positive Outlook
- Increased 2025 Core EPS outlook to $6.25 to $6.35, indicating strong confidence in future performance.
- Midpoint of the new Core EPS outlook is more than 24% higher year-over-year.
- Midpoint of the new Core EPS outlook is 10% above the prior peak, signaling robust growth.
- Continued strong performance across all four segments is expected to drive future results.
- Company's scale across asset types, client types, lines of business, and geographies supports sustained growth.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the report.
- Potential for disruptions in general economic, political, and regulatory conditions.
- Volatility or adverse developments in securities, capital, or credit markets could impact results.
- Changes in interest rates and conditions affecting real estate asset values may pose challenges.
- Foreign currency fluctuations and changes in currency restrictions could affect international operations.