Shares of CBRE Group (CBRE) have rallied 39.4% in the past six months, outperforming its industry’s growth of 13.1%.With a wide array of real estate products and services offerings, CBRE enjoys a robust scale and is the largest commercial real estate services and investment firm (based on 2023 revenues). A healthy outsourcing business, strategic acquisitions and a solid balance sheet are expected to drive its performance.Last week, CBRE announced that it had completed the combination of its project manageme ...

Company Announcement - CBRE Group has completed the combination of its project management business with Turner & Townsend, a majority-owned subsidiary since 2021 [1] - Turner & Townsend's board chair and CEO, Vincent Clancy, has joined CBRE's board of directors [1] - Turner & Townsend's revenues have increased at a compound annual rate of more than 20% since 2021 [1] Strategic Benefits - The unified project management business is unmatched in scale and breadth of capabilities, poised to benefit from trends in infrastructure, green energy transition, and employee experience [2] - CBRE now owns 70% of the combined Turner & Townsend/CBRE Project Management business [2] - From 2025, CBRE will report Project Management results as a standalone business segment, increasing transparency for investors [2] Company Overview - CBRE Group is well-positioned to benefit from its wide range of real estate products and services [3] - The outsourcing business remains healthy with a strong pipeline, offering growth opportunities [3] - Strategic buyouts and technology investments are expected to drive performance [3] Stock Performance - CBRE's shares have rallied 48.8% over the past six months, outperforming the industry's 20.9% upside [4] Industry Comparison - Jones Lang (JLL) and Kennedy-Wilson (KW) are better-ranked stocks in the operations real estate industry, each carrying a Zacks Rank 2 (Buy) [5] - The Zacks Consensus Estimate for JLL's 2024 and 2025 EPS is $13.60 and $16.42, suggesting year-over-year growth of 83.8% and 20.7%, respectively [5] - The Zacks Consensus Estimate for KW's 2024 EPS is $3.00, indicating a significant increase from the year-ago figure, and $3.05 for 2025, suggesting 1.7% growth [7]

For Immediate ReleaseChicago, IL – December 13, 2024 – Today, Zacks Equity Research CBRE Group, Inc. (CBRE) , Jones Lang LaSalle Inc. (JLL) and Kennedy-Wilson Holdings, Inc. (KW) .Industry: Real Estate OperationsLink: https://www.zacks.com/commentary/2382594/3-real-estate-operations-stocks-poised-to-escape-industry-woesThe Zacks Real Estate Operations industry constituents’ performances are likely to be affected by the geopolitical unrest in the near term. Moreover, customers remain focused on cost controls ...

The Zacks Real Estate Operations industry constituents’ performances are likely to be affected by the geopolitical unrest in the near term. Moreover, customers remain focused on cost controls and, for certain asset categories, are delaying their decision-making with respect to property purchase and leasing.Despite these challenges, the increased adoption of outsourced real estate services by companies and the acceleration of certain trends are creating scope for these industry participants to grow. Strategi ...

Boosting shareholders’ wealth, CBRE Group’s (CBRE) board of directors approved an additional $5 billion increase in the company’s stock repurchase authorization.This approved expanded authorization supplements CBRE’s existing $4 billion stock repurchase authorization, which had approximately $1.4 billion remaining as of Sept. 30, 2024. Since 2021, CBRE has repurchased 36 million shares at an estimated cost of $3 billion, with a weighted average price of approximately $83.50 per share.The expanded authorizat ...

DALLAS, Nov. 22, 2024 /PRNewswire/ -- Rentokil Terminix, North America's largest pest control provider, is proud to announce its recognition as the 2024 Supplier Innovation Challenge winner for North America, awarded by CBRE Global Workplace Solutions. The company received the prestigious Innovation of the Year Award for its proprietary range of sustainable pest-proofing solutions. The proprietary range of sustainable pest and rodent exclusion products helps reduce the dependency on chemical interventions. ...

Did you analyze how CBRE Group (CBRE) fared in its international operations for the quarter ending September 2024? Given the widespread global presence of this provider of real estate investment management services, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities. In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-bein ...

David A. Johnson is founder and principal of Endurance Capital Management, a New Jersey Limited Liability Company. As an investor entrepreneur, David invests in stocks, bonds, options, ETFs, REITs, real estate, closed end funds and alternative investment funds such as hedge funds and private credit. With over 30 years' experience in investing, David holds a Master of Science (MS) Degree in Finance, with a concentration in Investment Analysis, from Boston University, a Certificate in Financial Planning, and ...

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CBRE Group, Inc. (NYSE:CBRE) Q3 2024 Results Conference Call October 24, 2024 8:30 AM ET Company Participants Chandni Luthra - Executive Vice President, Head of FP&A and Investor Relations Bob Sulentic - Chair & Chief Executive Officer Emma Giamartino - Chief Financial Officer Conference Call Participants Michael Griffin - Citi Anthony Paolone - JPMorgan Chase Steve Sakwa - Evercore ISI Stephen Sheldon - William Blair Ronald Kamdem - Morgan Stanley Jade Rahmani - KBW Peter Abramowitz - Jefferies Operator Gr ...