TORONTO, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX & NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that results for the fourth quarter and full year ended December 31, 2024, will be issued by press release on February 6, 2025, at approximately 7:00am ET. A conference call to review these results will take place at 11:00am ET on February 6, 2025, and will be hosted by Jay S. Hennick, Global Chairman & CEO, and Christian Mayer, CFO. The telephone numbers for this c ...

Core Insights - Colliers has announced the promotion of John Munday to Chief Executive Officer (CEO) of Colliers UK, effective March 3, 2025, to lead the strategic direction of the UK transactional and advisory services business [1][4] Group 1: Leadership Transition - John Munday has 30 years of industry experience and has previously held leadership roles, including Co-Head of Project & Building Consultancy at Colliers since 2022 [2] - Munday will succeed Tony Horrell, who has served as CEO for 14 years and will transition to a non-executive chairman role [4] Group 2: Strategic Vision - Munday aims to enhance the UK business by focusing on the quality of advice and a diversified service platform to meet the needs of owners, occupiers, and investors [5] - The company is positioned to create enhanced opportunities for clients and employees through investment in a diverse range of services [5] Group 3: Company Overview - Colliers operates in 70 countries with over 22,000 professionals, generating annual revenues exceeding $4.5 billion and managing $99 billion in assets [6] - The company has consistently delivered approximately 20% compound annual investment returns for shareholders over nearly 30 years [6]

TORONTO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX and NASDAQ: CIGI) ("Colliers") announced that John Sullivan has been appointed to the Board of Directors, effective today. Sullivan has more than 30 years of real estate experience in acquisitions, dispositions, asset management and development. He served as the President and Chief Executive Officer of The Cadillac Fairview Corporation Limited for 13 years, retiring in 2023. Prior to his role as CEO, Sullivan held several seni ...

TORONTO and SEATTLE, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Leading global diversified professional services company Colliers (NASDAQ and TSX: CIGI) today announced that Colliers Engineering & Design has finalized an agreement to partner with MG2 Corporation (“MG2”), a premier architecture, strategic planning, design, and program management firm based in Seattle, Washington. This strategic partnership significantly expands Colliers Engineering & Design’s footprint in the U.S. Northwest, strengthening existing se ...

TORONTO, Nov. 29, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX and NASDAQ: CIGI) ("Colliers") today announced the expansion and extension of its unsecured multi-currency revolving credit facility (the “Credit Facility”) for a new five-year term, maturing November 2029. The updated Credit Facility replaces the previous agreement which was set to mature in May 2027 and increases borrowing capacity to $2.25 billion from $1.75 billion. With this expansion, Colliers has over $1 billion of capa ...

Group 1 - Colliers appointed Jeroen Lokerse as CEO of the Netherlands to drive strategic direction and growth [1][4] - Lokerse has 17 years of experience at Cushman & Wakefield, including a decade as Head of the Netherlands [2] - Dirk Bakker will focus on leading the European hotel specialists as Head of Hotels, EMEA [2][3] Group 2 - Davoud Amel-Azizpour, CEO EMEA, expressed confidence in Lokerse's leadership skills and potential for the Dutch business [3] - Lokerse highlighted the strength of Colliers' platform and the quality of its people as key factors for his excitement in the new role [4] - Colliers operates in 70 countries with over 22,000 professionals, generating annual revenues exceeding $4.5 billion [5]

Financial Data and Key Metrics Changes - Third quarter revenues reached $1.2 billion, an increase of 11% compared to the prior year period [19] - Adjusted EBITDA for the third quarter was $155 million, up 6% over the prior year [20] - The margin for the quarter slightly declined to 13.1% due to higher captive insurance reserves and margin dilutive effects from performance fees [21] Business Line Data and Key Metrics Changes - Engineering segment grew by 21% driven by acquisitions [5] - Real estate services revenues and capital markets rose 17%, with leasing achieving 6% growth [5][11] - Investment management saw a modest increase in recurring management fee revenue, with assets under management growing by $2.4 billion to nearly $99 billion [6][24] Market Data and Key Metrics Changes - Capital markets revenues rose 17%, with significant growth in office (up 77%), retail (up 53%), and industrial (up 90%) asset classes [12] - Debt origination showed solid improvement, with agency and non-agency businesses performing well [13] - Industrial leasing in the U.S. increased by 8%, indicating a positive trend despite global hesitations [34] Company Strategy and Development Direction - The company has transformed into a differentiated global professional services and investment management firm, focusing on recurring revenue streams [8] - A robust M&A pipeline is in place to continue growth and strengthen operations [7] - The company anticipates stronger fundraising in 2025, driven by improving capital markets and enhanced investment strategies [10][22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the rebound in capital markets and solid momentum in leasing, expecting continued growth [28] - The company is well-positioned for future growth, with expectations of mid to high single-digit growth rates [9][29] - Management noted that the investment management results are expected to improve significantly in 2025 [45] Other Important Information - Colliers was recognized on the list of the world's best companies and named to Forbes' world's best employers ranking for the second consecutive year [17] - The company completed the acquisition of Englobe, creating a substantial new growth platform in Canada [6][63] Q&A Session Summary Question: Can you walk through the moving pieces for the profit guide reduction? - The adjustment to the earnings outlook is entirely due to investment management fundraising, impacting revenues and EBITDA significantly [31] Question: What is the outlook for leasing growth in the fourth quarter and next year? - Leasing showed good momentum, with larger deals coming to market and a positive trend in office leasing [32][34] Question: How is the fundraising pipeline for 2025 looking? - The company expects significantly more fundraising in 2025 due to new products and a recovering market [45][47] Question: What is the expected organic growth in the engineering division? - Organic growth in the engineering practice should be in the high single-digit range moving forward [43] Question: How is the integration of sales and marketing for fundraising progressing? - There is a stronger desire to integrate and share opportunities across platforms, with plans for reorganizing distribution capabilities [56]

Colliers International (CIGI) came out with quarterly earnings of $1.32 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -9.59%. A quarter ago, it was expected that this commercial real estate services provider would post earnings of $1.37 per share when it actually produced earnings of $1.36, delivering a surprise of -0.73%.O ...

EXHIBIT 99.1 Colliers Reports Third Quarter Results Solid growth across all service lines and segments Re-aligned operating segments to better reflect value and growth Third quarter and year to date operating highlights: | | Three months ended | | | | | | Nine months ended | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | September 30 | | | | | | September 30 | | | (in millions of US$, except EPS) | 2024 | | | 2023 | | 2024 | | 2023 | | Revenues | $ | 1,179.1 | $ | 1,056.0 | $ | 3,320.4 | $ | ...

Solid growth across all service lines and segments Re-aligned operating segments to better reflect value and growth Third quarter and year to date operating highlights:     Three months ended   Nine months ended     September 30   September 30 (in millions of US$, except EPS)   2024     2023     2024     2023                             Revenues $ 1,179.1   $ 1,056.0   $ 3,320.4   $ 3,100.0   Adjusted EBITDA (note 1)   154.6     144.9     419.0     39 ...