CBRE(CBRE)

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Here is Why Growth Investors Should Buy CBRE (CBRE) Now
ZACKS· 2025-08-12 17:46
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks ...
CBRE(CBRE) - 2025 Q2 - Quarterly Report
2025-07-29 20:59
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number 001-32205 CBRE GROUP, INC. (Exact name of registrant as specified in its charter) ______________________________ ...
CBRE Group Stock Rises on Q2 Earnings Beat, 2025 EPS Outlook Raised
ZACKS· 2025-07-29 18:01
Core Insights - CBRE Group Inc. reported second-quarter 2025 core earnings per share (EPS) of $1.19, exceeding the Zacks Consensus Estimate of $1.05, and reflecting a year-over-year increase of 46.9% [1][9] - The company's shares rose over 8% following the earnings report, driven by strong revenue growth across most business segments, except for Real Estate Investments [2][9] - Total revenues for the quarter increased by 16.2% year over year to $9.75 billion, surpassing the Zacks Consensus Estimate of $9.37 billion [2][9] Revenue Breakdown - Adjusted net revenues rose 14% (12.9% in local currency) year over year to $5.67 billion, with core EBITDA increasing by 30.3% (28.9% in local currency) to $658 million [3] - The Advisory Services segment saw a revenue increase of 14.4% (13.8% in local currency) to $2 billion, while global leasing revenue grew by 14% (13% in local currency) [4] - Global property sales revenues grew by 20% (19% in local currency), with notable growth in the U.S. (25%), APAC (24%), and EMEA (19%) [5] - The Building Operations & Experience segment reported an 18.7% (17.5% in local currency) revenue increase to $5.76 billion, with facilities management revenues rising by 17% (16% in local currency) [6] Segment Performance - Project Management segment revenues increased by 14.3% (12.9% in local currency) to $1.79 billion, driven by growth from Turner & Townsend and CBRE's legacy business [7] - The Real Estate Investments segment experienced a revenue decline of 7.3% (9.1% in local currency) to $215 million [7] Financial Position - As of the end of Q2 2025, assets under management increased by $6.2 billion to $155.3 billion, aided by favorable foreign currency movements [8] - CBRE's cash and cash equivalents rose to $1.40 billion, with total liquidity increasing to $4.7 billion due to new financing activities [9][10] - The company's net leverage ratio was 1.47X, significantly below its primary debt covenant of 4.25X [10] Future Outlook - For 2025, CBRE raised its core EPS guidance to a range of $6.10-$6.20, compared to the previous guidance of $5.80-$6.10, with the Zacks Consensus Estimate currently at $5.94 [11]
CBRE(CBRE) - 2025 Q2 - Earnings Call Transcript
2025-07-29 13:32
CBRE Group (CBRE) Q2 2025 Earnings Call July 29, 2025 08:30 AM ET Company ParticipantsChandni Luthra - EVP & Global Head - FP&A & IRRobert Sulentic - President, CEO, Chairman & DirectorEmma Giamartino - CFOAnthony Paolone - Executive DirectorJulien Blouin - VP - Real Estate Investment ResearchRonald Kamdem - MD & Head - US REITs and CRE ResearchJade Rahmani - Managing DirectorPeter Abramowitz - SVP - Equity ResearchConference Call ParticipantsSteve Sakwa - Senior Managing Director & Senior Equity Research A ...
CBRE(CBRE) - 2025 Q2 - Earnings Call Transcript
2025-07-29 13:30
Financial Data and Key Metrics Changes - The company reported strong momentum in Q2 2025, with resilient revenues growing by 17%, surpassing the 15% growth rate for transactional businesses [4][6] - Core EBITDA and core EPS grew by 30% and 47% respectively, exceeding expectations [8] - The company raised its core EPS guidance for the year to a range of $6.1 to $6.2, indicating over 20% growth for the year if the midpoint is achieved [6][16] Business Line Data and Key Metrics Changes - Advisory Services revenue rose by 14% with SOP growing by 31%, driven by margin expansion [9] - Global leasing revenue increased by 13%, with U.S. office leasing leading at a 15% increase [9][10] - The Building Operations and Experience segment saw mid-teens revenue growth, while Project Management achieved 13% revenue growth and 18% SOP growth [12][13] Market Data and Key Metrics Changes - Growth in non-gateway markets outpaced gateway markets, indicating increased momentum in regions outside major cities [10] - U.S. industrial leasing revenue was up 15%, driven by third-party logistics providers [10] - Global property sales rose by 19%, with U.S. property sales increasing by 25%, particularly strong in data centers, office, and retail [11] Company Strategy and Development Direction - The company is focused on synergies across its nearly 8 billion square foot management portfolio and is optimistic about the integration of Turner and Townsend with its legacy project management business [5][29] - The company is targeting growth in infrastructure services and asset management, with a growing $10 billion AUM infrastructure fund [66][67] - The outlook for capital markets activity remains strong, with expectations for continued sales and refinancing activity [36][39] Management's Comments on Operating Environment and Future Outlook - Management noted that while the macro environment remains uncertain, occupier and investor clients are proceeding with their plans [4] - The company expects to set a new earnings peak this year, just two years after the 2023 downturn in commercial real estate [6][7] - Management expressed confidence in the resilience of the economy with limited risk of recession later this year [16] Other Important Information - The company generated $1.3 billion of free cash flow on a trailing twelve-month basis, with expectations of over $1.5 billion for the full year [15] - A bond offering of $1.1 billion was completed during the quarter, increasing liquidity to $4.7 billion [16] Q&A Session Summary Question: What are the expectations for the office leasing recovery? - Management acknowledged that comparisons will become tougher but noted strong momentum in office leasing, particularly in second-tier markets [20][22] Question: What benefits have been seen from the integration of Turner and Townsend? - Management reported no unexpected challenges and highlighted significant cost and revenue synergies, with expectations for continued benefits over the next couple of years [29][30] Question: What is the outlook for capital markets activity? - Management expects strong sales and refinancing activity to continue, with no significant changes anticipated in interest rates [36][39] Question: How is the company addressing potential synergies in the Building Operations and Experience segment? - Management indicated that while synergies are expected to be significant, they have not yet quantified them [23][24] Question: What is the expected growth for project management revenue in the second half of the year? - Management anticipates low double-digit revenue growth for project management, with normalization expected in the second half [55][56] Question: How is the company approaching capital deployment and share buybacks? - Management reiterated a focus on M&A opportunities while balancing share buybacks, with no specific capital allocation embedded in guidance [40][41]
CBRE Group (CBRE) Q2 Earnings and Revenues Beat Estimates
ZACKS· 2025-07-29 13:06
Core Viewpoint - CBRE Group reported quarterly earnings of $1.19 per share, exceeding the Zacks Consensus Estimate of $1.05 per share, and showing a significant increase from $0.81 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was +13.33%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2] - CBRE's revenues for the quarter ended June 2025 were $9.75 billion, surpassing the Zacks Consensus Estimate by 4.14%, and up from $8.39 billion year-over-year [3] - The company has also exceeded consensus revenue estimates three times in the last four quarters [3] Stock Performance - CBRE shares have increased approximately 11.6% since the beginning of the year, outperforming the S&P 500's gain of 8.6% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.48 on revenues of $9.97 billion, and for the current fiscal year, it is $5.94 on revenues of $39.73 billion [8] - The outlook for the Real Estate - Operations industry, where CBRE operates, is currently in the bottom 41% of Zacks industries, which may impact stock performance [9] Competitor Insights - Jones Lang LaSalle (JLL), a competitor in the same industry, is expected to report quarterly earnings of $3.20 per share, reflecting a year-over-year change of +25.5%, with revenues anticipated at $6.11 billion, up 8.5% from the previous year [10][11]
CBRE(CBRE) - 2025 Q2 - Earnings Call Presentation
2025-07-29 12:30
Financial Performance - CBRE's Q2 2025 revenue increased by 16% to $9754 million compared to $8391 million in Q2 2024[5] - Adjusted Net Revenue increased by 14% to $5668 million[5] - GAAP Net Income increased significantly by 65% to $215 million[5] - Core EBITDA grew by 30% year-on-year to $658 million[5,57] - Core EPS increased by 47% year-on-year to $1.19[5] Segment Performance - Advisory Services revenue grew by 14%, with Global leasing revenue up by 13%[8] - Global property sales rose by 19%[8] - Building Operations & Experience revenue increased by 18%[11] - Project Management revenue grew by 13%[15] - Real Estate Investments revenue decreased by 7% to $215 million, but segment operating profit increased by 150% to $25 million[18,51] Capital Allocation and Guidance - The company expects to generate over $1.5 billion of free cash flow for the full year[26] - CBRE completed a $1.1 billion bond offering and expanded its revolving credit facility, increasing liquidity to $4.7 billion[26] - The company raised its 2025 Core EPS range to $6.10 - $6.20[28]
CBRE(CBRE) - 2025 Q2 - Quarterly Results
2025-07-29 11:07
EXHIBIT 99.1 Press Release FOR IMMEDIATE RELEASE For further information: Chandni Luthra - Investors Steve Iaco - Media 212.984.8113 212.984.6535 Chandni.Luthra@cbre.com Steven.Iaco@cbre.com CBRE GROUP, INC. REPORTS FINANCIAL RESULTS FOR SECOND-QUARTER 2025 Dallas – July 29, 2025 — CBRE Group, Inc. (NYSE: CBRE) today reported financial results for the second quarter ended June 30, 2025. Key Highlights: "The strong momentum we exhibited to start the year continued in the second quarter. Despite uncertainty i ...
Wall Street's Insights Into Key Metrics Ahead of CBRE (CBRE) Q2 Earnings
ZACKS· 2025-07-24 14:16
In its upcoming report, CBRE Group (CBRE) is predicted by Wall Street analysts to post quarterly earnings of $1.05 per share, reflecting an increase of 29.6% compared to the same period last year. Revenues are forecasted to be $9.36 billion, representing a year-over-year increase of 11.6%.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company' ...
世邦魏理仕李凌:服务在穗企业“坐广州、卖全球”
2 1 Shi Ji Jing Ji Bao Dao· 2025-07-24 11:10
南方财经记者魏彤 广州报道 "城市,因合伙而生生不息;未来,因合伙而更可期。"十五运会和残特奥会广州赛区执委会相关负责人 在首批广州"城市合伙人"发布活动现场说。 今年,十五运会和残特奥会将首次由粤港澳三地联合举办。广州以此为契机,创新推出了"城市合伙 人"计划。不同于普通的赛事赞助,广州"城市合伙人"计划通过办展办会和各类社会宣传活动,市场化 供给和公共服务领域运营创新等举措,进一步降低城市运营成本,加快构建"市场+资源+应用场景"的 资源合作与招商引资新模式。 可以说,"城市合伙人"更着眼于城市与企业的长期合作共赢。 不久前,首批15家城市合伙人企业名单发布,包括战略合作伙伴、超级合伙人和城市梦想家三类。名单 中既包括世邦魏理仕、德勤、滴滴集团等现代服务业翘楚,也有新经济、新兴支柱产业和未来产业以及 在智慧城市建设、绿色环保等领域为广州城市发展贡献力量的企业代表。 其中,世邦魏理仕(CBRE)作为一家全球性的地产服务与投资公司,已经深耕广州近30年,参与过城 市区域重大发展规划与招商引资工作,见证了广州从"千年商都"向"国际枢纽"的蜕变。 日前,南方财经记者专访世邦魏理仕中国区总裁李凌。他表示,广州面向全 ...