EXHIBIT 99.1 "CBRE had a successful second quarter for three reasons. First, revenue, profitability and cash flow exceeded our expectations, with outperformance across all three business segments. Second, we made several sizable capital investments consistent with our strategy to invest in cyclically resilient or secularly favored elements of our business. And third, we made quick, material progress on the cost challenges we identified last quarter," said Bob Sulentic, chair and chief executive officer of C ...

Real estate stocks are a cornerstone asset class, typically providing a valuable hedge against inflation and steady income stream. Yet, real estate shares have lagged behind the S&P 500 index in 2024. On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article. First on our list of real estate stocks is CBRE Group (NYSE:CBRE). This global commercial real estate firm offers leasing, property sales, mortgage, propert ...

In the last reported quarter, this Dallas, TX-based commercial real estate services and investment firm reported an earnings surprise of 13.04%. Results reflected growth in its resilient lines of business. Global Workplace Solutions ("GWS") experienced strong business wins, though higher costs and one-time expenses affected margins. The leasing business performed well due to office leasing growth on a worldwide basis amid a resilient economy and progress on return-to-office plans. However, property sales tr ...

For the most recent quarter, CBRE was expected to post earnings of $0.69 per share, but it reported $0.78 per share instead, representing a surprise of 13.04%. For the previous quarter, the consensus estimate was $1.21 per share, while it actually produced $1.38 per share, a surprise of 14.05%. This provider of real estate investment management services has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters wa ...

CBRE Group, Inc. (CBRE) recently announced its plan to combine its Project Management business with Turner & Townsend. Subject to satisfaction of regulatory and other customary conditions, as well as completion of required consultations with employee Works Councils in certain jurisdictions, the transaction is expected to close at the end of 2024. In November 2021, CBRE acquired a 60% ownership interest in Turner & Townsend. Since the acquisition, Turner & Townsend has achieved a compounded revenue growth ra ...

Two Cleveland-based companies join forces to transform a historic Downtown building into a boutique hotel and modern multifamily apartments. CLEVELAND, June 25, 2024 /PRNewswire/ -- In a strategic collaboration that allows Cleveland's urban gems to shine in a new light, Spark GHC and Cleveland Construction today announce a groundbreaking joint venture. Project Scarlet represents a significant commitment of $100+ million to transform a 400,000-square-foot office space, formerly Medical Mutual's headquarters, ...

Romania's luxury goods market is estimated to generate revenues of EUR 535.82 million in 2024, with a significant contribution from online sales (13.8%). The demand for luxury goods is on the rise, fuelled by an increasingly wealthier[1] population. In this context, HAGAG Development Europe is delighted to announce the exclusive involvement of CBRE Romania in the leasing strategy of H Știrbei Palace - a class A, iconic, historical monument located in the heart of Bucharest on the emblematic Calea Victoriei, ...

CBRE Group's (CBRE) wide array of real estate products and service offerings and healthy outsourcing business positions it well for growth. However, persistent macroeconomic uncertainty and its adverse impact on commercial real estate transactions raise concerns for the company. High interest rates add to its woes. CBRE, the largest commercial real estate services and investment firm (based on 2023 revenues), holds extensive knowledge of domestic and international real estate markets. This helps it enjoy a ...

CBRE Group, Inc. (CBRE) recently announced the acquisition of Direct Line Global from a private equity firm, Guardian Capital. The acquisition is expected to be immediately accretive to CBRE's core earnings per share ("EPS"). Per Vikram Kohli, CEO of CBRE, "This acquisition fits squarely with our strategy of enhancing our capabilities in asset classes that benefit from secular tailwinds, in this case, the increasing digitization of the global economy." Direct Line Global will operate as part of CBRE's Data ...

Companies are focused on properties where electric vehicle drivers most often want to charge: multifamily complexes, hotels, hospitals and healthcare-related facilities DALLAS, May 16, 2024 /PRNewswire/ -- EV+, a provider of on-site, electric vehicle charging infrastructure solutions, today announced a preferred partner agreement with CBRE to deploy electric vehicle charging systems at 10,000 U.S. commercial properties over the next five years. The companies are focused on EV-enabling real estate where driv ...