Revenue Performance - Revenue for Q2 2024 was $2.3 billion, a decrease of 5% from Q2 2023, with Leasing growing 2% driven by the Americas and APAC [142]. - Revenue for the first half of 2024 was $4.5 billion, down 4% from the first half of 2023, with Leasing growth of 3% across all segments [142]. - Total revenue for Q2 2024 was $2,288.0 million, a decrease of 5% compared to $2,406.0 million in Q2 2023 [167]. - Revenue for the three months ended June 30, 2024, was $2.3 billion, a decrease of $118.0 million or 5% compared to the same period in 2023, primarily driven by a 7% decline in the Americas [171]. - Revenue for the six months ended June 30, 2024, was $4.5 billion, a decrease of $182.5 million or 4%, driven by a 6% decline in the Americas [180]. - Americas revenue for Q2 2024 was $1.7 billion, a decrease of $123.1 million or 7% from Q2 2023, primarily due to lower Services and Gross contract reimbursables revenue [193]. - EMEA revenue for Q2 2024 was $221.9 million, an 8% decrease from Q2 2023, mainly due to lower Services and Gross contract reimbursables revenue [201]. - APAC revenue for Q2 2024 was $352.7 million, a 7% increase from Q2 2023, with a 9% increase on a local currency basis after excluding foreign currency impact [209]. - For the first half of 2024, APAC revenue was $694.2 million, a 6% increase from the first half of 2023, with a 9% increase on a local currency basis [213]. Net Income and Loss - Net income for Q2 2024 was $13.5 million, an increase of $8.4 million compared to $5.1 million in Q2 2023, with diluted earnings per share at $0.06 [142]. - Net loss for the first half of 2024 improved by 79% to $15.3 million compared to a net loss of $71.3 million in the first half of 2023 [142]. - Net income for the three months ended June 30, 2024, was $13.5 million, an increase of $8.4 million compared to the same period in 2023, resulting in a net income margin of 0.6% [178]. Adjusted EBITDA - Adjusted EBITDA for Q2 2024 was $138.9 million, a decrease of 5% from Q2 2023, while for the first half of 2024, it increased by 5% to $217.0 million [142]. - Adjusted EBITDA for the three months ended June 30, 2024, was $138.9 million, a decrease of $7.2 million or 5% compared to the same period in 2023, with an adjusted EBITDA margin of 8.8% [179]. - Adjusted EBITDA for the six months ended June 30, 2024, was $217.0 million, an increase of $10.0 million or 5%, with an adjusted EBITDA margin of 7.0% [189]. - Adjusted EBITDA for the Americas in Q2 2024 was $109.0 million, a decrease of $7.4 million or 6% compared to Q2 2023, driven by declines in Services and Capital markets [195]. - Adjusted EBITDA for EMEA in Q2 2024 was $13.2 million, a decrease of $3.7 million or 22% compared to Q2 2023, primarily due to cost inflation and higher incentive compensation [202]. - Adjusted EBITDA for Q2 2024 was $16.7 million, a 30% increase compared to Q2 2023, primarily due to growth in Leasing and Capital markets revenue [211]. Costs and Expenses - Total costs and expenses for Q2 2024 were $2,217.6 million, a decrease of 6% from $2,349.7 million in Q2 2023 [167]. - Costs of services for the same period were $1.9 billion, down $103.3 million or 5%, mainly due to a decrease in third-party consumables by approximately $75.0 million [172]. - Operating, administrative, and other expenses decreased by $34.7 million or 11% to $294.2 million, attributed to cost savings initiatives [173]. - The company incurred $10.2 million in cost savings initiatives during Q2 2024, reflecting ongoing efforts to optimize workforce and reduce expenses [164]. - Costs of services for the six months ended June 30, 2024, were $3.7 billion, down $178.4 million or 5%, with total costs of services as a percentage of total revenue remaining at 83% [181]. Liquidity and Cash Flow - Liquidity as of June 30, 2024, was $1.7 billion, consisting of $1.1 billion available on the undrawn Revolver and $0.6 billion in cash and cash equivalents [142]. - Net cash used in operating activities for the first half of 2024 was $103.3 million, a decrease of $135.0 million compared to the same period in 2023 [224]. - The company generated $56.9 million from investing activities in the first half of 2024, primarily from net capital funding secured by A/R Securitization [226]. - Cash used in financing activities for the first half of 2024 was $140.5 million, an increase of $85.5 million from the same period in 2023, mainly due to repayment of borrowings [227]. Strategic Initiatives - In June 2024, the company signed an agreement to sell a non-core business, expected to close in Q3 2024, to focus on core growth opportunities [142]. - The company implemented cost savings initiatives that contributed to a decrease in fee-based operating expenses by 4% in both the Americas and EMEA segments [194][205]. - The company has a foreign exchange risk management strategy that includes local operations and the use of derivative financial instruments to mitigate currency fluctuations [233]. Macroeconomic Environment - The company experienced macroeconomic challenges, including elevated interest rates, impacting demand for services, but Leasing showed positive momentum with a 3% revenue increase [141]. - The company expects continued challenges in the macroeconomic environment, impacting future revenue growth and operational efficiency [164].

INVESTOR RELATIONS MEDIA CONTACT Megan McGrath Aixa Velez Investor Relations Corporate Communications +1 312 338 7860 +1 312 424 8195 IR@cushwake.com aixa.velez@cushwake.com CHICAGO (BUSINESS WIRE), July 29, 2024 — Cushman & Wakefield (NYSE: CWK) today reported financial results for the second quarter of 2024. • Revenue of $2.3 billion for the second quarter of 2024 decreased 5% from the second quarter of 2023. ◦ Leasing grew 2% driven by the Americas and APAC. ◦ Services, Capital markets and Valuation and ...

NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, and Cushman & Wakefield, a leading global real estate services firm, jointly announced they provided acquisition financing for, and arranged the sale of, respectively, a 344-unit two-property multifamily portfolio in Maryland. "This transaction represents a true collaboration for our teams, culminating in a repeat client of ours acquiring the properties and Greystone being able to provide the ac ...

Core Insights - Greystone and Cushman & Wakefield collaborated to provide acquisition financing and arrange the sale of a 344-unit multifamily portfolio in Maryland [1][2] Group 1: Transaction Details - The properties were acquired for approximately $73.5 million and financed with Fannie Mae loans totaling $57 million [3] - The communities, Columbia Apartments and Town Center Apartments, have a 94% occupancy rate in the desirable Columbia suburb of Baltimore, Maryland [3] Group 2: Company Profiles - Greystone is recognized as a leader in multifamily and healthcare finance, ranking as a top lender for FHA, Fannie Mae, and Freddie Mac [4] - Cushman & Wakefield, with around 52,000 employees in nearly 400 offices across 60 countries, reported revenue of $9.5 billion in 2023 from its core services [6]

Investors in Cushman & Wakefield plc (CWK) need to pay close attention to the stock based on moves in the options market lately. That is because the Aug 16, 2024 $5 Put had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event c ...

Cushman & Wakefield plc (NYSE:CWK) Q1 2024 Earnings Conference Call April 29, 2024 5:00 PM ET Company Participants Megan McGrath - Head of Investor Relations Michelle MacKay - Chief Executive Officer Neil Johnston - Chief Financial Officer Conference Call Participants Anthony Paolone - J.P. Morgan Michael Griffin - Citi Alex Kramm - UBS Ronald Kamdem - Morgan Stanley Patrick McIlwee - William Blair Patrick O'Shaughnessy - Raymond James Operator Good day, and welcome to the Cushman & Wakefield First Quarter ...

Cushman & Wakefield (CWK) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this company would post earnings of $0.39 per share when it actually produced earnings of $0.45, delivering a surprise of 15.38%.Over the last four quarters, the company has surp ...

The Company provides for the effects of income taxes on interim financial statements based on estimates of the effective tax rate for the full year, which is based on forecasted income by country and enacted tax rates. Summarized financial information by segment is as follows (in millions): Practical Expedient The following tables summarize the carrying amounts and accumulated amortization of intangible assets (in millions): The Company records changes in the fair value of derivatives designated and qualify ...

Cautionary Note on Forward Looking Statements Unrealized loss on investments, net represents net unrealized losses on fair value investments. Prior to 2024, this primarily reflected unrealized losses on our investment in WeWork. ‒ Capital Markets fee revenue declined 1%; a meaningful improvement vs. the 32% y/y decline in 4Q23 2024 2023 USD LC Americas EMEA APAC Total Fee Revenue Fee Revenue by Service Line In USD $m $143 $- $1,100 $644 $- 2023 2024 2025 2026 2027 2028 2029 2030 2031 Term Loan ('25 Maturity ...

Exhibit 99.1 Cushman & Wakefield Reports Financial Results for the First Quarter 2024 CHICAGO (BUSINESS WIRE), April 29, 2024 — Cushman & Wakefield (NYSE: CWK) today reported financial results for the first quarter of 2024. Effective January 1, 2024, the Property, facilities and project management service line was renamed to Services. The change was to the name only and had no impact on the composition of the Company's service lines or its historical results. First Quarter Results: For Immediate Release In ...