Loading...
•
Dec 31, 2019
CBRE Q4 2019 Earnings Report
CBRE's Q4 2019 financial results were released, showcasing record revenue and earnings.
Key Takeaways
CBRE Group, Inc. reported strong Q4 2019 results, with revenue reaching $7.119 billion, a 13.1% increase year-over-year. GAAP EPS was $1.87, up 63.0%, and adjusted EPS was $1.32, an 8.8% increase. The company anticipates adjusted EPS of $4.05 to $4.25 for 2020.
Revenue reached $7.119 billion, up 13.1% from Q4 2018.
GAAP net income was $638 million, a 61.9% increase year-over-year.
Adjusted EPS increased by 8.8% to $1.32.
Global property sales surged 21%, reaching its highest level ever for a quarter.
CBRE
CBRE
CBRE Revenue by Segment
Revenue by Segment
Advisory Services Revenue
CapyFin.comBuilding Ops & Experience Revenue
CapyFin.comReal Estate Investments Revenue
CapyFin.com Forward Guidance
CBRE expects adjusted earnings-per-share of $4.05 to $4.25 for 2020, indicating growth of 12% at the mid-point of the range.
Positive Outlook
- Advisory Services fee revenue growth in the mid-single-digit percentage range
- Similar level of growth anticipated for both leasing and capital markets (property sales and commercial mortgage origination combined)
- Fee revenue in the GWS segment is expected to increase in the low double-digit percentage range as the pipeline remains strong and renewals/expansions are expected to be in line with the historical average
- Solid adjusted EBITDA growth in its Advisory Services and GWS business segments
- Adjusted EBITDA from its REI segment will increase significantly to around $250 million for the year at the midpoint of the company’s outlook
Revenue & Expenses
Visualization of income flow from segment revenue to net income