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Mar 31, 2021
Cushman & Wakefield Q1 2021 Earnings Report
Cushman & Wakefield's revenue increased slightly, driven by growth in property management and valuation services, but net loss was reported due to the impact of COVID-19 on brokerage activity.
Key Takeaways
Cushman & Wakefield reported a slight increase in revenue for Q1 2021, driven by growth in property management and valuation services. However, the company reported a net loss due to the impact of COVID-19 on brokerage activity. Adjusted EBITDA increased significantly due to cost savings and operating efficiency initiatives.
Revenue increased by 1% to $1.9 billion, driven by property management and valuation services.
Net loss was $17.2 million, or $0.08 per share, while adjusted earnings per share was $0.11.
Adjusted EBITDA increased by 42% to $99.7 million, with an adjusted EBITDA margin of 7.5%.
The company generated $60 million of savings through cost reduction actions and tight management of discretionary expenses.
Cushman & Wakefield
Cushman & Wakefield
Cushman & Wakefield Revenue by Segment
Cushman & Wakefield Revenue by Geographic Location
Revenue by Segment
Leasing Revenue
CapyFin.comCapital Markets Revenue
CapyFin.comValuation and Other Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.com Forward Guidance
The company remains well-positioned with a strong balance sheet and significant liquidity to take advantage of growth opportunities during what they anticipate will be an uneven market rebound
Revenue & Expenses
Visualization of income flow from segment revenue to net income