Financial Data and Key Metrics Changes - Colliers reported second quarter revenues of $1.1 billion, up 6% year-over-year, with internal growth of 5% overall [11] - Adjusted EBITDA for the second quarter was $156 million, also up 6% from the prior year, with a slight increase in margin to 13.7% [11] - Financial leverage ratio was 2 times as of June 30, expected to rise to 2.5 times in Q3 due to the Englobe acquisition, then decline to approximately 2 times by year-end [13] Business Line Data and Key Metrics Changes - Leasing revenues increased by 13%, driven by strong activity in office and industrial asset classes, with office leasing up 18% globally and 32% in the Americas [8][9] - Capital Markets experienced modest growth for the first time in 24 months, with significant improvement in loan origination activity, particularly in the multifamily asset class [5][9] - Outsourcing and advisory services revenues grew by 5%, with solid pipelines and revenue visibility through the end of the year [9] Market Data and Key Metrics Changes - Strong leasing activity was noted in various regions, including Germany, France, the Netherlands, New Zealand, China, Hong Kong, and India [8] - Industrial leasing was up 11% globally, indicating strength in that sector as well [25] - The capital markets showed a gradual increase in activity, with expectations for normalization in 2025 [20][26] Company Strategy and Development Direction - The acquisition of Englobe positions Colliers as a top player in Canada and aligns with the strategy to increase high-value recurring revenue streams, which now represent 72% of earnings [6][7] - The company plans to realign segment reporting to focus on three growth engines: real estate services, engineering, and investment management [7] - Future growth is expected from public and private sector infrastructure tailwinds and differentiated investment strategies [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in capital markets activity in the latter half of the year, although risks remain for delays [13] - The company maintains its financial outlook for 2024, with expectations of mid- to high single-digit revenue growth in recurring service lines [13] - Management highlighted the strong engagement of employees and the unique culture that drives the company's success [10] Other Important Information - Colliers completed the acquisition of Englobe, enhancing its engineering and project management capabilities [6] - The company has a strong commitment to shareholder value, with a track record of delivering 20% annualized returns [7] Q&A Session Summary Question: Will pro forma historicals be provided for the new reporting structure? - Yes, pro forma historicals will be provided with the Q3 reporting [16] Question: What is the outlook for investment management fundraising? - Fundraising is expected to be weighted towards Q4, with strong pipelines but slightly below initial forecasts for the year [17][18] Question: What is the visibility into capital markets activity for the rest of the year? - Sentiment is shifting positively, with increased activity expected, but normalization may not occur until 2025 [19][20] Question: What is driving the slowdown in Outsourcing & Advisory growth? - The valuation business has been flat due to low capital markets transactions, but overall growth is still expected to be mid to high single-digit [22] Question: How is the Englobe acquisition expected to impact growth? - The acquisition is expected to strengthen Colliers' position in Canada and provide growth opportunities in the U.S. and Europe [43][45]

| --- | --- | --- | --- | |-------|----------------------------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Second Quarter 2024 Financial Results | | | | | | | | Colliers 2 Forward-Looking Statements This presentation includes or may include forward-looking statements. Forward-looking statements include the Company's financial performance outlook and statements regarding goals, beliefs, strategies, objectives, plans or current expectations. These statements i ...

Colliers International (CIGI) came out with quarterly earnings of $1.36 per share, missing the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -0.73%. A quarter ago, it was expected that this commercial real estate services provider would post earnings of $0.94 per share when it actually produced earnings of $0.77, delivering a surprise of -18.09% ...

EXHIBIT 99.1 Colliers Reports Solid Second Quarter Results Growth across all service lines and segments Second quarter and year to date operating highlights: | | Three months ended | | | | | Six months ended | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | June 30 | | | | | June 30 | | | | (in millions of US$, except EPS) | | 2024 | | 2023 | | 2024 | | 2023 | | Revenues | | $ 1,139.4 | $ | 1,078.0 | $ | 2,141.3 | $ | 2,043.9 | | Adjusted EBITDA (note 1) | | 155.6 | | 147.1 | | 264.3 | | 251 ...

About Colliers Christian Mayer Chief Financial Officer Headquartered in Laval, Englobe is a leading engineering and environmental services firm with a wellestablished network of offices and facilities across Canada. The Company's 2,800+ team members include engineers, professionals, technicians and technical support staff. Englobe offers a broad suite of services from engineering, design and inspection to environmental consulting and remediation. It completes over 25,000 projects annually for public and pri ...

A conference call to review these results will take place at 11:00am ET on August 1, 2024 and will be hosted by Jay S. Hennick, Global Chairman & CEO, Chris McLernon, CEO, Real Estate Services and Christian Mayer, CFO. For anyone unable to listen to the scheduled call, the rebroadcast number will be Toll Free – NA 1-877-674- 7070 with passcode 917200#. The rebroadcast will also be available at the above noted web address for 30 days following the call. Colliers (NASDAQ, TSX: CIGI) is a leading diversified p ...

Company Overview - Colliers International Group Inc. is a leading diversified professional services and investment management company with operations in 68 countries and a workforce of 19,000 professionals [6] - The company has delivered compound annual investment returns of approximately 20% for shareholders over more than 29 years [6] - Colliers reported annual revenues of $4.3 billion and manages assets worth $96 billion [6] Upcoming Events - Colliers will issue its second quarter results for the period ended June 30, 2024, via press release on August 1, 2024, at approximately 7:00am ET [4] - A conference call to review these results will take place at 11:00am ET on the same day, hosted by key executives including Jay S. Hennick, Global Chairman & CEO [2][4]

LONDON and ZURICH, July 10, 2024 (GLOBE NEWSWIRE) -- Colliers, a leading diversified professional services and investment management company, is set to fortify its European presence through a partnership agreement with SPGI Zurich AG. This strategic alignment will see the Switzerland-based commercial property advisor join Colliers' expansive EMEA platform as an affiliate. Robert Hauri, CEO Intercity Group and Co-Owner & CEO SPGI Zurich AG, added: "This partnership will enhance the services we offer to our d ...

Alpine Income Property Trust (PINE) Looking ahead to 2024, PINE aims to continue growing its portfolio by selling non-investment grade assets and acquiring higher-quality investment-grade properties. The company is focused on maintaining its high occupancy and stable revenue streams through strategic property management and acquisitions LXP Industrial Trust (NYSE:LXP) owns and leases industrial properties, benefiting from strong demand in logistics and warehousing. Its substantial dividend growth and major ...

Company Performance - Elevance Health reported a revenue growth of 0.9% in Q1 2024, with adjusted EPS increasing by 12.5%. The operating margin grew by 7.52%, and return on equity (ROE) increased by 15.95%. Bank of America subsequently upgraded its price target to $646 per share [2] - Colliers International has a growth estimate of 28.60% for the next quarter, significantly higher than the S&P 500 index's 10.20%. Of eight analysts, seven recommended buying, with an average price target of $140 per share, indicating a potential upside of around 28% [7] - Elevance Health's price-to-earnings ratio stands at 20.3x, below the S&P 500 benchmark of 27.9x. Analysts favor this stock, with 19 of 22 covering analysts recommending it as a buy, and an average price target of $609.25 per share, suggesting a potential upside of approximately 13.4% [9] - US Foods has seen price target upgrades from four analysts, with an average target now at $64.56 per share, representing a potential upside of 24% from current levels [11] Industry Insights - The real estate market is expected to strengthen due to ongoing lower interest rates globally, prompting analysts to upgrade Colliers [3] - The food distribution industry, represented by US Foods, is anticipated to benefit from increased food demand driven by record tourism and a projected 6.3% year-over-year increase in airline passengers to the U.S. from June to August [17]