CBRE Q4 2021 Earnings Report
Key Takeaways
CBRE Group, Inc. reported strong Q4 and full year 2021 financial results, achieving record revenue, net revenue, earnings, and free cash flow. The company's diversification strategy and healthy balance sheet contributed to the outstanding performance.
CBRE's Q4 2021 revenue reached $8.55 billion, a 23.7% increase year-over-year.
GAAP earnings per share (EPS) for Q4 2021 totaled $2.04, while adjusted EPS reached $2.19.
The company's Advisory Services segment saw revenue growth across most business lines, led by property sales and leasing.
CBRE increased its multi-year aspirational growth framework, expecting average annual core adjusted earnings per share growth to exceed 20% from 2020 to 2025.
CBRE
CBRE
CBRE Revenue by Segment
Forward Guidance
CBRE expects average annual core adjusted EPS growth to exceed 20% from 2020 to 2025, absent a recession. The average annual growth rate is expected to be in the low double digits for the period from 2021 to 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income