CBRE(US:CBRE) ZACKS·2024-12-13 08:15Industry Overview - The Zacks Real Estate Operations industry is facing challenges due to geopolitical unrest and macroeconomic factors, which are affecting customer decision-making regarding property purchases and leasing [2][6][9] - Economic trends, employment growth, interest rates, and government policies significantly influence the real estate market's performance [5] Current Trends - Despite challenges, the adoption of outsourced real estate services is increasing, providing growth opportunities for companies in the industry [3][10] - Companies are focusing on strategic technological investments to enhance efficiency and client services [12] Major Players - CBRE Group, Inc.: This company has diversified its business model and is expected to benefit from a healthy outsourcing business and strategic investments in technology. The Zacks Consensus Estimate for its 2024 EPS is $4.99, reflecting a 1.6% upward revision [18][20] - Jones Lang LaSalle Inc. (JLL): JLL's diverse service offerings and strategic investments have positioned it well in the market. The Zacks Consensus Estimate for its 2024 EPS is $13.37, with a 1.5% upward revision [21][23] - Kennedy Wilson Holdings, Inc.: This company is expected to benefit from its investment management business and demand for its multifamily and commercial portfolio. The Zacks Consensus Estimate for its current-year EPS is $3.00, reflecting a 1.4% upward revision [24][25] Industry Performance - The Zacks Real Estate Operations industry has outperformed the broader Zacks Finance sector with a growth of 28.6% over the past year, although it underperformed the S&P 500's growth of 29.1% [16] - The industry is currently trading at a forward 12-month price-to-earnings ratio of 17.87X, which is above the Finance sector's 17.44X but below the S&P 500's 22.62X [17]