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Dec 31, 2020

CBRE Q4 2020 Earnings Report

CBRE reported financial results for Q4 and full year 2020, with adjusted EPS reaching an all-time high for the quarter.

Key Takeaways

CBRE Group, Inc. reported strong Q4 2020 results, with adjusted earnings per share reaching an all-time high and adjusted EBITDA growing by 9%. The company's diversification across property types, lines of business, geographic markets, and clients contributed to its resilience during the Covid-19 crisis.

Adjusted earnings per share for Q4 reached an all-time high.

Adjusted EBITDA grew by 9% for the quarter.

The company's diversification strategy proved beneficial during the Covid-19 crisis.

CBRE expects a minimum of low double-digit average annual adjusted earnings per share growth from 2021 through at least 2025.

Total Revenue
$6.91B
Previous year: $7.12B
-2.9%
EPS
$1.45
Previous year: $1.32
+9.8%
Operating Margin
6.42%
Previous year: 18.6%
-65.5%
Gross Profit
$1.54B
Previous year: $1.59B
-2.9%
Cash and Equivalents
$1.9B
Previous year: $972M
+95.1%
Free Cash Flow
$864M
Previous year: $951M
-9.1%
Total Assets
$18B
Previous year: $16.2B
+11.4%

CBRE

CBRE

CBRE Revenue by Segment

Forward Guidance

CBRE expects to achieve a minimum of low double-digit average annual adjusted earnings per share growth from this year through at least 2025, absent a recession, with meaningful upside potential from additional capital allocation.

Revenue & Expenses

Visualization of income flow from segment revenue to net income