Colliers International(CIGI)

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Colliers adds top-tier firm to Canadian engineering platform
GlobeNewswire News Room· 2025-05-08 20:01
Core Insights - Colliers has announced the acquisition of Higher Ground Consulting Inc., enhancing its Canadian engineering platform Englobe Corporation [1][3] - Higher Ground, established in 2013, employs 65 professionals and specializes in multidisciplinary engineering consulting services in Alberta and British Columbia [2] - The acquisition aims to expand Colliers' footprint and expertise across Canada, particularly in the water resources sector [3] Company Overview - Colliers operates as a global diversified professional services and investment management company, with a focus on Real Estate Services, Engineering, and Investment Management [4] - The company has a proven business model and a unique partnership philosophy, delivering approximately 20% compound annual returns for shareholders over the past 30 years [4] - Colliers generates nearly $5.0 billion in annual revenues and manages over $100 billion in assets, employing a team of 23,000 professionals [4]
Colliers Announces Normal Course Issuer Bid
Globenewswire· 2025-05-07 11:30
Core Viewpoint - Colliers International Group Inc. has announced its intention to initiate a normal course issuer bid (NCIB) for its subordinate voting shares, allowing for the purchase of up to 4,300,000 shares over a twelve-month period, which represents approximately 10% of the public float as of April 30, 2025 [1][2]. Group 1: NCIB Details - The NCIB will commence on May 9, 2025, and conclude no later than May 8, 2026, with purchases made through the TSX, alternative Canadian Trading Systems, or Nasdaq [2]. - Colliers may purchase up to 4,300,000 subordinate voting shares, which is about 10% of the 43,457,718 shares in the public float as of April 30, 2025 [2]. - Daily purchases under the NCIB will be limited to 13,777 subordinate voting shares, excluding block purchases, based on the average daily trading volume of 55,111 shares from November 1, 2024, to April 30, 2025 [2]. Group 2: Previous NCIB and Management Strategy - The previous NCIB authorized the purchase of up to 4,000,000 subordinate voting shares and expired on July 19, 2024, with no shares purchased under that program [4]. - Colliers may decide to purchase shares if it finds the market price attractive and believes it is a suitable use of corporate funds [3]. Group 3: Broker and Purchase Plan - BMO Nesbitt Burns Inc. has been appointed as the designated broker for the NCIB, and an automatic share purchase plan (ASPP) has been established to facilitate purchases during regulatory black-out periods [5]. - The ASPP has been pre-cleared by the TSX and will be effective starting May 9, 2025 [5]. Group 4: Company Overview - Colliers is a global diversified professional services and investment management company, with nearly $5.0 billion in annual revenues and over $100 billion in assets under management [6]. - The company operates through three platforms: Real Estate Services, Engineering, and Investment Management, and has consistently delivered approximately 20% compound annual returns for shareholders over the past 30 years [6].
Colliers International (CIGI) Q1 Earnings and Revenues Miss Estimates
ZACKS· 2025-05-06 13:15
Core Insights - Colliers International reported quarterly earnings of $0.87 per share, missing the Zacks Consensus Estimate of $0.89 per share, but showing an increase from $0.77 per share a year ago, resulting in an earnings surprise of -2.25% [1] - The company posted revenues of $1.14 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.26%, compared to $1 billion in revenues a year ago [2] - Colliers International shares have declined approximately 10.2% since the beginning of the year, while the S&P 500 has decreased by -3.9% [3] Earnings Outlook - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at $1.59 on $1.3 billion in revenues, and $6.46 on $5.37 billion in revenues for the current fiscal year [7] - The Zacks Rank for Colliers International is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Real Estate - Operations industry, to which Colliers International belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting potential challenges ahead [8]
Colliers Reports First Quarter Results
GlobeNewswire News Room· 2025-05-06 11:00
Engineering delivers strong year-over-year gains and internal growth First quarter operating highlights: "We're pleased with our operating results for the quarter, which met expectations and keep us on track to achieve our full-year targets," said Jay S. Hennick, Chairman & CEO of Colliers. "When we set our outlook for the year, we took a conservative stance given the macroeconomic and political uncertainty - and we're glad we did. At Colliers, market volatility has never derailed our focus on creating valu ...
Colliers adds leading telecommunications engineering firm
Globenewswire· 2025-05-05 11:00
Expands wireless infrastructure capabilitiesTORONTO and CHICAGO, May 05, 2025 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today that its Colliers Engineering & Design (“Colliers Engineering”) division has acquired Terra Consulting Group, LLC (“Terra”), a specialty telecommunications infrastructure engineering firm based in Chicago, Illinois. This acquisition strengthens Colliers Engineering’s footprint in the Midwes ...
Katarína Brydone appointed Managing Director of Colliers in Czech Republic
Globenewswire· 2025-04-23 11:00
Leading industry expert to accelerate growth Anna Silkstone Head of Content, EMEA +44(0)7858 193057 Anna.silkstone@colliers.com About Colliers LONDON, April 23, 2025 (GLOBE NEWSWIRE) -- Leading global diversified professional services and investment management company Colliers announced today the appointment of Katarína Brydone as the Managing Director (MD) of Colliers in the Czech Republic, effective 2 May 2025. Brydone will concentrate on driving overall growth and enhancing operational excellence within ...
Colliers announces acquisition of Triovest
Newsfilter· 2025-04-15 11:30
TORONTO, April 15, 2025 (GLOBE NEWSWIRE) -- Colliers ((NASDAQ, TSX:CIGI) announced today that it has entered into a definitive agreement to acquire Triovest Inc. ("Triovest"), a leading Canadian commercial real estate services platform, from its owner, Coril Holdings. After closing, Triovest will rebrand as Colliers, merging its operations and capabilities to solidify Colliers' position as Canada's largest commercial real estate services firm. The combined Canadian operations will employ more than 3,000 pro ...
Miro Karttunen appointed Managing Director of Colliers in Finland
Globenewswire· 2025-04-15 08:30
Core Insights - Colliers has appointed Miro Karttunen as the Managing Director of Colliers in Finland, effective August 1, 2025, to enhance its Property Management services across the Nordics [1][3] - The leadership transition follows the retirement announcement of Ari Vanhanen, who will remain as an advisory board member until the end of 2025 to support Karttunen [3][4] Company Strategy - Karttunen aims to strengthen Colliers' position as a market leader in client service excellence and drive strategic collaboration within the Nordics and EMEA region [1][3] - The focus will be on expanding Property Management services, leveraging Karttunen's experience in the real estate industry and his previous roles [2][3] Leadership Background - Miro Karttunen has a strong background in the real estate sector, having previously led operational strategies for residential funds at CapMan Real Estate and served as Managing Director at Newsec Property Asset Management [2] - His leadership style is characterized by a dynamic approach and a proven track record in driving business growth and team performance [2][3] Company Overview - Colliers operates as a global diversified professional services and investment management company, with annual revenues exceeding $4.8 billion and $99 billion in assets under management [5] - The company has consistently delivered approximately 20% compound annual returns for shareholders over the past 30 years, supported by a strong market presence and a unique partnership philosophy [5]
Colliers International Is Reasonably Defensive With A Potential Catalyst
Seeking Alpha· 2025-04-14 21:28
Group 1 - The article focuses on the Asia Value & Moat Stocks research service, which targets value investors looking for Asia-listed stocks with significant discrepancies between price and intrinsic value [1] - The service emphasizes deep value balance sheet bargains, such as net cash stocks and low price-to-book (P/B) stocks, as well as wide moat stocks that represent high-quality businesses [1] - The author provides a range of watch lists with monthly updates, particularly concentrating on investment opportunities in the Hong Kong market [1]
Colliers Announces Voting Results
Globenewswire· 2025-04-01 21:15
Group 1 - Colliers International Group Inc. held its annual meeting of shareholders on April 1, 2025, where all ten director nominees were elected to serve until the next annual meeting [1][2] - The voting results showed that John (Jack) P. Curtin, Jr. received 99.01% of votes for his nomination, while Katherine M. Lee had the lowest approval at 73.29% [2] - Shareholders also approved the appointment of PricewaterhouseCoopers LLP as the auditor for the upcoming year and a non-binding advisory resolution on executive compensation [2] Group 2 - Colliers is a global diversified professional services and investment management company with annual revenues exceeding $4.8 billion and $99 billion in assets under management [3] - The company operates through three platforms: Real Estate Service, Engineering, and Investment Management, and has delivered approximately 20% compound annual returns for shareholders over the past 30 years [3] - Colliers employs a team of 23,000 professionals and maintains a unique partnership philosophy that drives growth and value creation [3]