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Colliers named to IAOP’s Global 100 for 20th consecutive year
Globenewswire· 2026-02-26 12:30
Two decades of global service excellence underscore Colliers’ commitment to client successTORONTO, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Colliers (NASDAQ, TSX: CIGI), a leading diversified professional services and investment management company, has been named to the 2026 Global 100 list produced by IAOP® in the Leader category for large, established global firms. This marks the 20th consecutive year that Colliers has been recognized for global service excellence. IAOP’s annual list recognizes the world’s top o ...
Colliers appoints Laura Hernando CEO of Iberia to lead next phase of growth
Globenewswire· 2026-02-24 09:00
MADRID and LONDON, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Colliers announces the appointment of Laura Hernando as Chief Executive Officer (CEO) for Iberia, with her start scheduled in the second quarter of 2026. She succeeds Mikel Echavarren, who will maintain a key strategic role as Chairman for the Iberian region. Hernando will also continue as Managing Director of Hotels for Colliers Spain. Hernando brings more than two decades of expertise in the Iberian market. She has played a pivotal role in the country’s ...
Colliers Extends Maturity and Enhances Flexibility of its US$2.25 Billion Credit Facility
Globenewswire· 2026-02-20 21:05
TORONTO, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Colliers (NASDAQ and TSX: CIGI), a global leader in professional services and investment management, announced today that it has amended its revolving credit facility. The amended agreement extends the maturity to February 2031, providing significant long-term financial flexibility. The amended agreement maintains the total credit facility at US$2.25 billion and now includes a US$250 million accordion feature. The updated terms provide enhanced flexibility to suppo ...
Colliers International(CIGI) - 2025 Q4 - Earnings Call Transcript
2026-02-13 17:02
Financial Data and Key Metrics Changes - For Q4 2025, the company generated revenues of $1.6 billion, up 5% year-over-year, with adjusted EBITDA of $245 million, reflecting a 6% increase [10][11] - Full-year internal revenue growth was solid at 5%, with commercial real estate segment net revenue up 7% [10][11] - Investment management ended the year with over $108 billion in assets under management, flat relative to September 30 [6][14] Business Line Data and Key Metrics Changes - Capital Markets revenues increased by 13%, driven by strong activity in the U.S., while leasing revenues rose by 3% [11][12] - Outsourcing solutions grew by 8%, with valuation practices contributing significantly [11] - Engineering segment net revenue was up 8%, supported by recent acquisitions, with a strong revenue backlog providing visibility for future growth [12][16] Market Data and Key Metrics Changes - The U.S. market showed strong performance, particularly in Capital Markets and leasing activities, while EMEA and Asia Pacific experienced modest growth [11][35] - The company expects low teens top-line growth in commercial real estate for 2026, with Capital Markets projected to grow in the high teens [16][63] Company Strategy and Development Direction - The company is focused on expanding its diversified platform and pursuing further acquisitions, with the recent acquisition of Ayesa Engineering expected to enhance growth opportunities [4][5] - AI is viewed as a productivity and growth enabler, helping to automate routine tasks and improve efficiency across all segments [8][9] - The company aims to maintain a strong partnership model, emphasizing inside ownership to align leaders with clients and shareholders [7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering 2026 with strong momentum and a healthy pipeline, expecting solid internal growth and contributions from recent acquisitions [7][16] - The company anticipates mid-teens growth across key operating metrics, driven by favorable trends in infrastructure and urbanization [16][63] Other Important Information - The company plans to maintain leverage at around 2x, with the recent acquisition expected to add approximately 0.7 turns of leverage on a pro forma basis [15][70] - Fundraising targets for 2026 are set between $6 billion and $9 billion, with several funds currently in the market [13][66] Q&A Session Summary Question: Organic growth in engineering - Management noted strong demand for services, with opportunities to increase pricing and a growing workforce to meet demand [19][20] Question: Capital allocation and share buybacks - Management indicated a preference for careful capital management, with no immediate plans for stock buybacks due to ongoing acquisitions [28] Question: Macro perspective on Capital Markets - Management does not expect rate cuts to impact their outlook, citing pent-up demand for transactions as a key driver for growth [35][36] Question: AI's impact on business - Management sees AI as a margin enhancer rather than a disruptor, emphasizing its role in improving efficiency and decision-making [72] Question: Ayesa acquisition and growth expectations - Management expects high single-digit organic growth for Ayesa, leveraging its expertise in high-demand markets [80][81] Question: Fund performance and fundraising - Fund performance has been strong, with the flagship fund exceeding benchmarks, aiding in fundraising efforts [67][68]
Colliers International(CIGI) - 2025 Q4 - Earnings Call Transcript
2026-02-13 17:02
Financial Data and Key Metrics Changes - For Q4 2025, the company generated revenues of $1.6 billion, up 5% year-over-year, with overall internal growth for the quarter being essentially flat due to strong prior comparisons [10] - Adjusted EBITDA for the quarter was $245 million, reflecting a 6% increase over the previous year, in line with revenue growth [10] - The company's leverage declined to 2x as of December 31, benefiting from strong seasonal cash flows [15] Business Line Data and Key Metrics Changes - The commercial real estate segment net revenue increased by 7% in Q4, with Capital Markets revenues rising by 13%, primarily driven by strong activity in the U.S. [11] - Leasing revenues grew by 3%, led by the U.S. in office and industrial asset classes [11] - The engineering segment net revenue was up 8%, supported by recent acquisitions, while investment management net revenues increased by 6% [12] Market Data and Key Metrics Changes - The U.S. market continued to show strength, particularly in Capital Markets, which is expected to maintain high teens growth in 2026 [64] - EMEA and Asia Pacific markets experienced modest growth, with expectations for improvement in 2026 [36] Company Strategy and Development Direction - The company is focused on expanding its diversified platform and has recently agreed to acquire Ayesa Engineering, which will enhance growth avenues and strengthen its global presence [5] - The strategy emphasizes leveraging AI as a productivity and growth enabler, improving efficiency and margins while allowing professionals to focus on higher-value advisory services [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering 2026 with strong momentum and a healthy pipeline, expecting solid internal growth and contributions from recent acquisitions [7] - The company anticipates mid-teens growth across its key operating metrics for 2026, driven by a recovery in Capital Markets and strong demand in engineering and investment management [16] Other Important Information - The company raised $2.1 billion in new capital commitments during Q4 and $5.3 billion for the full year, with a fundraising target of $6 billion to $9 billion for 2026 [13][66] - The integration costs in the investment management segment are expected to continue impacting margins through the first half of 2026 [12][32] Q&A Session Summary Question: Organic growth in engineering - Management noted strong demand for services and opportunities to increase pricing, with hiring ongoing to meet demand [19][20] Question: Capital allocation and share buybacks - Management indicated a preference for careful capital management and highlighted the focus on acquisitions rather than share buybacks at this time [29] Question: Macro perspective on Capital Markets - Management does not expect rate cuts to influence their outlook, citing pent-up demand for transactions as a key driver for growth [36] Question: AI's impact on business - Management views AI as a margin enhancer rather than a disruptor, emphasizing its role in improving efficiency and enabling professionals to focus on complex transactions [71][72] Question: Ayesa acquisition and future growth - Management highlighted the strategic importance of the Ayesa acquisition for expanding into new markets and leveraging existing capabilities [56][87]
Colliers International(CIGI) - 2025 Q4 - Earnings Call Transcript
2026-02-13 17:00
Financial Data and Key Metrics Changes - For Q4 2025, the company generated revenues of $1.6 billion, up 5% year-over-year, with overall internal growth for the quarter being essentially flat due to strong prior comparisons [8][10] - Adjusted EBITDA for the quarter was $245 million, reflecting a 6% increase over the previous year, in line with revenue growth [8] - The company ended the year with over $108 billion in assets under management, flat relative to September 30, with new capital raised offset by asset sales [11] Business Line Data and Key Metrics Changes - The commercial real estate segment net revenue increased by 7% in Q4, with Capital Markets revenues up 13%, driven by strong activity in the U.S. [9][10] - Leasing revenues rose by 3%, led by the U.S. in office and industrial asset classes [9] - The engineering segment net revenue grew by 8%, supported by recent acquisitions, while the investment management segment net revenues increased by 6% [10] Market Data and Key Metrics Changes - Capital Markets showed a rebound, particularly in the U.S., with modest growth in EMEA and Asia Pacific against strong prior year comparisons [9] - Demand for outsourcing solutions, including property management and valuation, grew significantly as clients sought trusted partners [4] Company Strategy and Development Direction - The company is focused on expanding its diversified platform and enhancing its capabilities through acquisitions, such as the recent agreement to acquire Ayesa Engineering [4][5] - The strategy emphasizes organic growth, ongoing contributions from acquisitions, and leveraging AI to improve productivity and efficiency [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering 2026 with strong momentum and a healthy pipeline, expecting solid internal growth and contributions from recent acquisitions [5][12] - The company anticipates low teens top-line growth in commercial real estate, with mid-single-digit growth in engineering and low teens growth in investment management for 2026 [13][14] Other Important Information - The company views AI as a productivity and growth enabler, enhancing efficiency and margins while allowing professionals to focus on higher-value advisory services [6][7] - The leverage ratio declined to 2x as of December 31, with the Ayesa acquisition expected to add approximately 0.7 turns of leverage on a pro forma basis [12] Q&A Session Summary Question: Organic growth trends in engineering - Management noted strong demand for services, opportunities to increase pricing, and ongoing hiring to meet demand, with strong backlogs driving utilization [15][16] Question: Capital allocation thoughts on buybacks - Management expressed a desire to buy back stock but emphasized the importance of focusing on acquisitions like Ayesa [25][26] Question: Macro perspective on Capital Markets pipeline - Management indicated that they are not counting on rate cuts for their outlook, citing pent-up demand for transactions as a key driver [31][32] Question: AI's impact on business - Management clarified that AI is seen as a margin enhancer rather than a disruptor, improving efficiency and allowing professionals to focus on complex transactions [40][41][67] Question: Ayesa acquisition growth expectations - Management expects high single-digit organic growth for Ayesa, driven by high-value services in public sector markets [75][76] Question: Fund performance in Investment Management - Management reported strong fund performance, ranking in the top quartile across various categories, which supports fundraising efforts [63][64]
Colliers International(CIGI) - 2025 Q4 - Earnings Call Presentation
2026-02-13 16:00
Fourth Quarter 2025 Results February 13, 2026 REAL ESTATE SERVICES | ENGINEERING | INVESTMENT MANAGEMENT Colliers 2 Highlights (US $ millions, except per share amounts) | Three months ended | 2025 | 2024 | %Change | | | --- | --- | --- | --- | --- | | December 31 | | | USD | LC(1) | | Revenues | 1,606.5 | 1,501.6 | 7% | 5% | | Net Revenues | 1,428.1 | 1,312.8 | 9% | 7% | | Adjusted EBITDA | 245.1 | 225.3 | 9% | 6% | | Adjusted EBITDA Margin | 15.3% | 15.0% | | | | Net Margin | 17.2% | 17.2% | | | | Adjusted ...
Colliers International (CIGI) Q4 Earnings Miss Estimates
ZACKS· 2026-02-13 14:10
分组1 - Colliers International reported quarterly earnings of $2.34 per share, missing the Zacks Consensus Estimate of $2.39 per share, but showing an increase from $2.26 per share a year ago, resulting in an earnings surprise of -2.09% [1] - The company posted revenues of $1.61 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.60% and increasing from $1.5 billion year-over-year [2] - Over the last four quarters, Colliers International has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] 分组2 - Colliers International shares have declined approximately 19.6% since the beginning of the year, contrasting with the S&P 500's decline of only 0.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.98 on revenues of $1.26 billion, and for the current fiscal year, it is $7.57 on revenues of $6.07 billion [7] - The Zacks Industry Rank indicates that the Real Estate - Operations sector is currently in the bottom 36% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]
Colliers International(CIGI) - 2025 Q4 - Annual Report
2026-02-13 12:00
Colliers Reports Fourth Quarter and Full Year 2025 Results Compounding growth with strong momentum entering 2026 EXHIBIT 99.1 Fourth quarter and full year operating highlights: | | Three months ended | | | | | Twelve months ended | | | --- | --- | --- | --- | --- | --- | --- | --- | | | December 31 | | | | | December 31 | | | (in millions of US$, except EPS) | 2025 | | | 2024 | 2025 | | 2024 | | Revenues | | $ 1,606.5 | $ | 1,501.6 $ | 5,558.5 | $ | 4,822.0 | | Net Revenues (note 1) | | 1,428.1 | | 1,312.8 ...
Colliers Reports Fourth Quarter and Full Year 2025 Results
Globenewswire· 2026-02-13 12:00
Core Insights - Colliers International Group Inc. reported strong financial results for the fourth quarter and full year ended December 31, 2025, with significant growth in revenues and adjusted earnings per share, indicating robust operational momentum entering 2026 [1][5][18] Financial Performance Highlights - Fourth quarter revenues reached $1.61 billion, a 7% increase year-over-year, while net revenues were $1.43 billion, up 9% [2][3] - For the full year, total revenues were $5.56 billion, reflecting a 15% increase, with net revenues at $4.87 billion, up 14% [3][4] - Adjusted EBITDA for the fourth quarter was $245.1 million, a 9% increase, and for the full year, it was $732.5 million, up 14% [2][3] - Adjusted EPS for the fourth quarter was $2.34, a 4% increase, and for the full year, it was $6.58, up 14% [2][3] Segment Performance - Commercial Real Estate segment revenues for the fourth quarter totaled $1.03 billion, up 9%, with net revenues also increasing by 9% [9] - Engineering segment revenues were $433.0 million for the fourth quarter, a 3% increase, while net revenues rose 10% [10] - Investment Management segment revenues reached $143.7 million, up 5%, with net revenues increasing by 7% [11] Strategic Initiatives - The company announced the acquisition of Ayesa Engineering, which is expected to enhance growth avenues and strengthen its service offerings [6] - Over the past five years, Colliers has doubled in size, achieving a compound annual growth rate of approximately 15% [6] Outlook for 2026 - The company anticipates continued solid annual internal growth in 2026, projecting mid-teens growth in revenues, Adjusted EBITDA, and Adjusted EPS [18][19]