NEW YORK--(BUSINESS WIRE)-- #cre--Cushman & Wakefield (NYSE: CWK) announced that it has successfully completed a repricing of approximately $840 million of its Term Loan issued in January 2025 ("Term Loan†) due January 2030. The repricing reduces the applicable interest rate on the Term Loan by 25 basis points from Term SOFR plus 2.75% to Term SOFR plus 2.50%. There are no changes to the maturity of the Term Loan following this repricing and all other terms are substantially unchanged. Previously,. ...

NEW YORK--(BUSINESS WIRE)-- #cre--Cushman & Wakefield plc (NYSE: CWK) (the "Company†) today announced that independent proxy advisory firm Institutional Shareholder Services ("ISS†) has recommended that the Company's shareholders vote "FOR†all of the Company's proposals in connection with the Company's intention to change its place of incorporation from England and Wales to Bermuda (the "Redomiciliation†). The Company's board of directors (the "Board†) is recommending that shareholders vote in fa. ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify effective metrics for assessing momentum in stocks [2] Group 2: Cushman & Wakefield (CWK) Performance - Cushman & Wakefield currently holds a Momentum Style Score of A and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - Over the past week, CWK shares increased by 5.41%, significantly outperforming the Zacks Real Estate - Operations industry, which rose by 1.08% [6] - In a longer timeframe, CWK shares have surged by 55.6% over the past quarter and 23.08% over the last year, compared to the S&P 500's gains of 10.77% and 17.6%, respectively [7] Group 3: Trading Volume and Earnings Outlook - CWK's average 20-day trading volume is 2,657,449 shares, indicating a bullish trend when combined with rising stock prices [8] - In the last two months, four earnings estimates for CWK have been revised upward, increasing the consensus estimate from $1.11 to $1.17 [10] - The positive earnings outlook, along with strong price performance, supports CWK's status as a 2 (Buy) stock with a Momentum Score of A [12]

Core Insights - Momentum investors focus on "buying high and selling higher" rather than traditional strategies of buying low and selling high [1] - Investing in fast-moving stocks can be risky if valuations exceed future growth potential [2] - A strategy that combines momentum with bargain stocks can be more effective [3] Company Analysis: Cushman & Wakefield (CWK) - CWK has shown significant price momentum with a four-week price change of 29.9% [4] - The stock has gained 55.6% over the past 12 weeks, indicating strong long-term momentum [5] - CWK has a beta of 1.5, suggesting it moves 50% more than the market in either direction [5] - The stock has a Momentum Score of A, indicating a favorable entry point for investors [6] - CWK has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investor interest [7] - The stock is trading at a low Price-to-Sales ratio of 0.38, suggesting it is undervalued [7] Investment Strategy - CWK is identified as a strong candidate for investment due to its combination of momentum and reasonable valuation [8] - There are additional stocks that meet the criteria of "Fast-Paced Momentum at a Bargain" that investors may consider [8] - Zacks offers over 45 Premium Screens to help identify potential winning stocks based on various investing styles [9]

Group 1 - The article focuses on value investing opportunities in Asia, particularly in Hong Kong, targeting stocks with significant discrepancies between market price and intrinsic value [1] - The investment strategy emphasizes deep value balance sheet bargains, such as net cash stocks and low price-to-book (P/B) ratio stocks, as well as wide moat stocks that represent high-quality businesses [1] - The author provides a range of watch lists with monthly updates to assist investors in identifying potential investment opportunities [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 10-Q x 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: 001-38611 Cushman & Wakefield plc (Exact name of registrant as specified in its c ...

Core Insights - Cushman & Wakefield reported $2.48 billion in revenue for Q2 2025, an 8.6% year-over-year increase, with EPS of $0.30 compared to $0.20 a year ago, exceeding Zacks Consensus Estimates for both revenue and EPS [1] - The company achieved a revenue surprise of +4.18% and an EPS surprise of +36.36% compared to analyst expectations [1] Financial Performance - Total service line fee revenue reached $1.7 billion, surpassing the average estimate of $1.63 billion from four analysts [4] - Geographical fee revenue breakdown includes: - Americas: $1.2 billion vs. $1.16 billion estimated [4] - APAC: $269.8 million vs. $275.24 million estimated [4] - EMEA: $223.7 million vs. $202.02 million estimated [4] - Specific service line revenue includes: - Leasing: $486.9 million vs. $472.02 million estimated [4] - Valuation and other: $114.2 million vs. $109.33 million estimated [4] - Services: $890.2 million vs. $878.56 million estimated [4] - Capital markets: $207 million vs. $173.12 million estimated [4] Stock Performance - Shares of Cushman & Wakefield have returned +6.2% over the past month, outperforming the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - The company reported a 7% increase in fee revenue for the second quarter, reaching $1.7 billion, with organic revenue growth of 8% [13] - Adjusted EBITDA rose by 15% to $162 million, and the adjusted EBITDA margin expanded by 75 basis points to 9.5% [13] - Adjusted earnings per share (EPS) increased by 50% to $0.30 from $0.20 a year ago [13] Business Line Data and Key Metrics Changes - The capital markets business experienced a 26% revenue growth in the second quarter, marking a significant acceleration [8] - Leasing revenue grew by 8% in the second quarter, with a 9% increase in The Americas [14] - The services segment achieved 6% fully organic growth in the quarter, an acceleration from the first quarter [10] Market Data and Key Metrics Changes - In The Americas, capital markets revenue grew by 30%, driven by strong fundamentals and increased activity in multifamily and office transactions [16] - EMEA capital markets revenue increased by 16%, with notable strength in Spain and Germany [17] - APAC capital markets grew by 4%, supported by performance in India and Australia [17] Company Strategy and Development Direction - The company is focused on three pillars: protecting core strengths, operating with discipline, and cultivating growth avenues [6] - A significant emphasis is placed on talent expansion, with new hires in capital markets brokers showing 200% higher average revenue than in 2024 [8][63] - The company aims to reduce debt while investing in growth, with a commitment to achieving a net leverage target of two to three times [20] Management's Comments on Operating Environment and Future Outlook - Management noted that leaders are making long-term strategic decisions despite macroeconomic uncertainties, with a positive outlook for global leasing markets and capital markets activity [11][50] - The company raised its full-year EPS guidance, expecting adjusted EPS growth of 30% to 35% [21] - Management expressed confidence in the operational performance and market share gains, anticipating continued momentum into 2026 and beyond [23] Other Important Information - The company prepaid an additional $150 million in debt, reducing gross debt from $3.2 billion to $2.8 billion [10] - The company achieved a 96% annualized retention rate in its Global Occupier Services (GOS) business year to date, indicating strong client retention [10][32] - The company ended the quarter with net leverage of 3.7 times and a trailing twelve months free cash flow of $126 million [18][19] Q&A Session Summary Question: How much of the EMEA improvement is due to operational changes versus market conditions? - Management indicated that while operational improvements are starting to show results, there is also a general improvement in market conditions across several countries in EMEA [28][29] Question: Will services return to mid-single-digit growth in Q3 and Q4? - Management confirmed that guidance assumes a return to mid-single-digit growth in the services segment for the latter half of the year [30] Question: How does the retention rate in GOS compare historically? - Management noted that the current retention rate of 96% is a significant improvement over historical figures, indicating a more stable client environment [31][32] Question: What is the outlook for leasing growth in the back half of the year? - Management expressed optimism about leasing growth, particularly in the industrial sector, despite facing tough comparisons from the previous year [36][59] Question: What are the trends in capital markets for July? - Management reported that capital markets activity in July remained strong, with no significant disruptions from tariffs observed [47][50] Question: How is the company addressing profitability in the services segment? - Management highlighted a focus on improving margins through operational efficiency and restructuring, particularly in project management [41][42] Question: What is the company's approach to talent expansion? - Management described a broad-based hiring strategy across various business lines, emphasizing the recruitment of high-performing brokers [62][63]

Financial Data and Key Metrics Changes - The company achieved a 95% increase in adjusted earnings per share to $0.39, marking the strongest first half earnings growth since going public in 2018 [6][19] - Adjusted EBITDA margin improved by over 90 basis points year-to-date compared to the previous year [6] - Fee revenue for the second quarter reached $1.7 billion, growing by 7%, with organic revenue up 8% [12] Business Line Data and Key Metrics Changes - Capital markets revenue grew by 26% in the second quarter, with a significant increase in talent recruitment [7][12] - Leasing revenue increased by 8% in the second quarter, with strong demand across all asset classes, particularly in The Americas [8][13] - Services segment achieved 6% fully organic growth in the quarter, with a 96% annualized retention rate in the Global Occupier Services (GOS) business [9][15] Market Data and Key Metrics Changes - The Americas capital markets experienced a 30% growth, driven by strong fundamentals and increased deal sizes [14] - EMEA leasing revenue grew by 8%, with notable strength in Germany and Ireland [13] - APAC region saw a 3% decline in revenue, but growth in India and Australia helped offset challenges in Greater China [14] Company Strategy and Development Direction - The company is focused on protecting core strengths, operating with discipline, and cultivating growth avenues, achieving most of its three-year targets ahead of schedule [5] - There is an intensified focus on client retention and leveraging the full suite of capabilities of the Cushman platform [9] - The company aims to continue reducing debt while investing in growth, targeting a net leverage of two to three times [18] Management's Comments on Operating Environment and Future Outlook - Management noted that leaders are making long-term strategic decisions despite market volatility, with expectations of continued growth in global leasing and capital markets [10][49] - The company raised its full-year EPS guidance, expecting adjusted EPS growth of 25% to 35% [19] - Management expressed confidence in the operational performance and market share gains, anticipating further momentum into 2026 and beyond [21] Other Important Information - The company prepaid an additional $150 million in debt, reducing gross debt from $3.2 billion to $2.8 billion [9][18] - The company has a strong liquidity position of $1.7 billion, with no material debt maturities until 2028 [18] Q&A Session Summary Question: How much of the EMEA improvement is due to operational changes versus market conditions? - Management indicated that both operational improvements and favorable market conditions contributed to the growth, with notable activity in Ireland, Netherlands, Germany, and Spain [27][28] Question: Will services return to mid-single-digit growth in Q3 and Q4? - Management confirmed that guidance assumes a return to mid-single-digit growth in the services segment for the latter half of the year [29] Question: How does the 96% retention rate in GOS compare historically? - Management noted that the current retention rate is a significant improvement over historical figures, indicating a more stable client environment [30] Question: What is the outlook for leasing growth in the back half of the year? - Management expressed optimism for continued growth in leasing, particularly in the industrial sector, despite facing tough comparisons from the previous year [36][57] Question: How are investments impacting margins and growth? - Management acknowledged that while investments may slightly impact margins in the short term, they expect overall margin expansion for the full year [45][46] Question: What are clients considering regarding leasing needs amid macro uncertainty? - Management reported that clients are still making leasing and capital markets deals, indicating strong pipelines heading into the second half of the year [48][50] Question: How is the turnaround in EMEA services progressing? - Management highlighted improvements in project management and overall services in EMEA, with a focus on growth and efficiency [53][54]