Core Insights - CBRE Group Inc. reported fourth-quarter 2025 core earnings per share (EPS) of $2.73, exceeding the Zacks Consensus Estimate of $2.66, and reflecting a year-over-year increase of 17.7% [1][9] - Quarterly revenues rose 11.8% year over year to $11.63 billion, surpassing the Zacks Consensus Estimate of $11.51 billion [2][9] - For the full year 2025, core EPS was $6.38, up from $5.10 in the prior year, and also above the Zacks Consensus Estimate of $6.32, supported by a 13.4% revenue increase to $40.55 billion [2] Revenue Breakdown - The Advisory Services segment saw a 13.1% year-over-year revenue increase to $2.92 billion [3] - Global leasing revenue increased by 14%, driven by strong performance in Continental Europe and the U.K., with a 12% rise in the U.S. [3] - Global property sales revenues grew 19%, with the U.S. contributing a significant 27% growth [4] - Mortgage origination revenues rose 18%, attributed to higher origination fees from debt funds and CMBS lenders [4] - The Building Operations & Experience segment reported a 14.6% revenue increase to $6.31 billion [4] - Facilities management revenues increased by 13%, while property management revenues surged 28% due to contributions from the acquired company, Industrious [5] - Project Management segment revenues grew 8.3% to $2.21 billion, supported by new projects for hyperscaler clients in the U.S. and infrastructure mandates in the U.K. [6] - The Real Estate Investments segment experienced a revenue decline of 20% to $220 million [6] Asset Management and Financial Position - Assets under management increased by over $9 billion to $155 billion since the end of 2024, aided by a capital raise of $11 billion for the year [7] - As of the end of Q4 2025, cash and cash equivalents stood at $1.86 billion, up from $1.67 billion at the end of Q3 2025 [8] - Total liquidity increased to $5.68 billion, comprising $1.86 billion in cash and approximately $3.82 billion available under revolving credit facilities [8] - The net leverage ratio was reported at 1.24X, significantly below the primary debt covenant of 4.25X [10] Future Outlook - For 2026, CBRE issued core EPS guidance in the range of $7.30-$7.60, with the Zacks Consensus Estimate currently at $7.26, below the guided range [11]