CBRE(CBRE) - 2024 Q1 - Quarterly Results

• Total revenue edged up 1% (flat local currency), with flat asset management fees. • Operating profit fell 14.0% (same local currency) to approximately $37 million, slightly better than expected. • Assets Under Management (AUM) totaled $144.0 billion, a decrease of $3.5 billion from year-end 2023. The decrease was driven by lower asset values and adverse foreign currency movement. • Non-core operating loss totaled $71 million, primarily due to the lower value of the company's investment in Altus Power, Inc ...