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Cushman & Wakefield(CWK) - 2024 Q2 - Quarterly Results
2024-07-29 20:06
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 ...
Cushman & Wakefield and Greystone Close Sale and Financing of Two Maryland Multifamily Properties
Newsfilter· 2024-07-26 15:49
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 ...
Cushman & Wakefield and Greystone Close Sale and Financing of Two Maryland Multifamily Properties
GlobeNewswire News Room· 2024-07-26 15:49
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]
Is the Options Market Predicting a Spike in Cushman & Wakefield (CWK) Stock?
ZACKS· 2024-07-11 13:41
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(CWK) - 2024 Q1 - Earnings Call Transcript
2024-04-29 23:12
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) Reports Break-Even Earnings for Q1
Zacks Investment Research· 2024-04-29 22:46
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 ...
Cushman & Wakefield(CWK) - 2024 Q1 - Quarterly Report
2024-04-29 22:01
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 ...
Cushman & Wakefield(CWK) - 2024 Q1 - Earnings Call Presentation
2024-04-29 20:59
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 ...
Cushman & Wakefield(CWK) - 2024 Q1 - Quarterly Results
2024-04-29 20:06
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 ...
Cushman & Wakefield (CWK) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Zacks Investment Research· 2024-04-22 15:06
The market expects Cushman & Wakefield (CWK) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 29, 2024, might help the stock move higher if these key numbers ...