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Dec 31, 2024
Cushman & Wakefield Q4 2024 Earnings Report
Cushman & Wakefield reported steady revenue growth and improved net income in Q4 2024.
Key Takeaways
Cushman & Wakefield saw a 3% increase in revenue to $2.63 billion, with net income rising to $112.9 million. Leasing revenue increased by 6%, while capital markets revenue grew by 35%. Adjusted EBITDA rose to $222.3 million, with an adjusted EPS of $0.48.
Revenue increased by 3% year-over-year to $2.63 billion.
Net income rose by 62% to $112.9 million.
Leasing and capital markets revenues showed strong growth of 6% and 35%, respectively.
Adjusted EPS improved to $0.48 from $0.45 in Q4 2023.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Cushman & Wakefield expects continued growth in leasing and capital markets segments, driven by improved investor sentiment and stable interest rates.
Positive Outlook
- Strong momentum in capital markets revenue growth.
- Positive leasing demand in key global markets.
- Operational efficiencies expected to enhance margins.
- Improving investor and occupier sentiment in commercial real estate.
- Increased liquidity providing financial flexibility.
Challenges Ahead
- Macroeconomic uncertainties impacting real estate investments.
- Fluctuations in interest rates affecting capital markets.
- Continued decline in services revenue segment.
- Potential cost inflation affecting profitability.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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