Accessibility StatementSkip Navigation Event Marks 20 Anniversary of Merger Between Mitsubishi Tokyo Financial Group, UFJ Holdings to form MUFG NEW YORK, Nov. 25, 2025 /PRNewswire/ -- Mitsubishi UFJ Financial Group (NYSE: MUFG), one of the 10 largest global financial groups, rang The Closing Bell®Â at the New York Stock Exchange today to commemorate the 20 anniversary of the merger between Mitsubishi Tokyo Financial Group and UFJ Holdings, which formed MUFG. To mark the occasion, MUFG President and Group CE ...

Core Insights - Jones Lang LaSalle Incorporated (JLL) is a leading professional services firm in real estate and investment management, offering a variety of services including property management, leasing, and project management [1] - JLL's stock has shown resilience with a 3.22% gain over the past 30 days, indicating positive market sentiment and investor confidence [2][6] - Despite a recent decline of 3.15% in the last 10 days, the overall outlook for JLL remains optimistic, suggesting potential for a rebound [3] - Analysts have set a target price of $360 for JLL, indicating a significant stock price growth potential of 19.83%, suggesting the stock is currently undervalued [4][6] - JLL's strong financial health is highlighted by a Piotroski Score of 8, reflecting its profitability, leverage, liquidity, and operating efficiency, making it an attractive investment option [5][6]

Q3 2025 EARNINGS PRESENTATION OCTOBER 30, 2025 Better never settles CAUTIONARY NOTE ON FORWARD LOOKING STATEMENTS All statements in this presentation other than historical facts are forward-looking statements, which rely on a number of estimates, projections and assumptions concerning events. Such statements are also subject to a number of uncertainties and factors outside Cushman & Wakefield's control. Such factors include, but are not limited to, discu in qeneral macroeconomic conditions and qlobal and re ...

Financial Data and Key Metrics Changes - CBRE reported a 34% growth in core EPS and a 19% increase in core EBITDA for Q3 2025, exceeding expectations across the board [9][15] - The company raised its full-year core EPS outlook to $6.25 to $6.35 from a previous range of $6.10 to $6.20, reflecting strong performance and confidence in the fourth quarter [8][15] Business Line Data and Key Metrics Changes - Advisory services revenue grew by 16%, driven by strong performance in leasing and sales [10] - Global leasing revenue increased by 17%, with U.S. industrial leasing up by 27% and data center leasing more than doubling year-over-year [10][11] - Property sales revenue rose by 28%, with notable strength in office, industrial, and data centers [10] - The Building Operations & Experience segment saw an 11% revenue growth, supported by data center hyperscalers and expansions in technology and healthcare sectors [11] - Project management revenue increased by 19%, with broad-based growth across regions [12] - Investment management raised $2.4 billion in new capital, with AUM reaching approximately $156 billion, up $500 million for the quarter [13] Market Data and Key Metrics Changes - Revenue from Japan and India combined rose more than 30% to nearly $400 million, indicating strong growth potential in these markets [8] - The U.S. office leasing market showed a resurgence, particularly in gateway cities like New York and San Francisco [66] Company Strategy and Development Direction - CBRE's strategy focuses on leveraging its scale across various asset types, client types, and geographies to drive growth [7] - The company is actively pursuing M&A opportunities while prioritizing capital allocation towards resilient business areas [20] - There is a strong emphasis on enhancing relationships with occupiers to drive cross-selling opportunities across different service lines [46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a steady recovery in the commercial real estate market, driven by pent-up demand from both buyers and sellers [24][25] - The company anticipates continued strong activity in the fourth quarter, although it acknowledges tougher year-over-year comparisons [18][27] - Management highlighted the importance of real estate as a strategic asset for companies, which is expected to drive ongoing demand [67] Other Important Information - The company will no longer report net revenue but will focus on gross revenue in its formal reporting [4] - CBRE expects to generate approximately $1.8 billion of free cash flow for the year, with net leverage at 1.2 turns [15] Q&A Session Summary Question: Did anything get pulled forward from Q4? - Management indicated no significant pull forward across segments, but acknowledged tougher comparisons in Q4 [18] Question: Can you comment on the M&A pipeline? - Management confirmed that M&A remains a priority, with a focus on well-operated targets that can benefit from CBRE's platform [20] Question: Where are we in the CRE transaction market recovery? - Management expects a longer, slower recovery in the sales segment, with strong pipelines and pent-up demand from both buyers and sellers [24] Question: How is deal activity in Q4? - Pipelines are strong, with expectations for continued strong activity in leasing and sales [27] Question: Are you appropriately staffed in the advisory segment? - Management stated they are appropriately staffed but are also looking to add talent where necessary [31] Question: What is the outlook for the BOE segment? - Management reported strong pipelines and expects elevated sales volume in Q4, with revenue growth anticipated in the second half of next year [53] Question: What is the ultimate TAM for facilities management? - Management noted that the TAM has consistently expanded due to various acquisitions and the growing importance of data centers [59] Question: What are the constraints for data center development sites? - The primary constraint is access to power, which has become increasingly competitive [63] Question: How is the leasing market performing? - Management observed broad-based growth in office leasing, with a resurgence in gateway markets [66] Question: What is the outlook for EBITDA margins? - Management expects steady margins in advisory and continued margin expansion in BOE and project management segments [77]

Financial Data and Key Metrics Changes - CBRE reported a 34% growth in core EPS and a 19% increase in core EBITDA for Q3 2025, exceeding expectations across the board [9][19] - The company raised its full-year core EPS outlook to $6.25 to $6.35 from $6.1 to $6.2, reflecting strong performance and confidence in the fourth quarter pipeline [7][19] - Free cash flow for the year is expected to be approximately $1.8 billion, with net leverage at 1.2 turns at quarter end [18] Business Line Data and Key Metrics Changes - Advisory Services saw a 16% revenue growth, driven by strong performance in leasing and sales, with U.S. leasing reaching its highest level for any third quarter, growing 18% [10][11] - Property sales business delivered a 28% revenue growth, with notable strength in office, industrial, and data centers [12] - Building Operations and Experience segment achieved 11% revenue growth, with significant contributions from data center hyperscalers [14] - Project Management segment revenue increased by 19%, supported by strong activity in the UK, Middle East, and North America [15] - Real Estate Investments segment operating profit was up 8%, with AUM ending the quarter at approximately $156 billion [16] Market Data and Key Metrics Changes - Combined revenue from Japan and India rose more than 30% to nearly $400 million, indicating strong growth potential in these markets [7] - Data center revenue reached nearly $700 million in Q3, a 40% increase compared to Q3 2024, contributing about 10% to overall EBITDA [6][7] Company Strategy and Development Direction - CBRE's strategy focuses on leveraging its scale across asset types, client types, and geographies to drive growth in resilient and cyclically favored areas [5] - The company is actively pursuing M&A opportunities while prioritizing capital allocation towards M&A and co-investments in Real Estate Investments [24][25] - CBRE is building sustainable businesses in the data center sector, anticipating significant growth in the coming years [48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing recovery of the commercial real estate market, expecting a steady recovery in investment sales over the next couple of years [30] - The company noted strong pipelines and activity levels in the fourth quarter, with expectations for continued growth in leasing and sales [34] - Management highlighted the importance of real estate as a strategic asset class for companies, indicating a shift in how occupiers view their real estate needs [78] Other Important Information - The company will no longer report net revenue but will focus on gross revenue in formal reporting [4][10] - CBRE is integrating its operations following acquisitions, which is expected to yield cost synergies and enhance service offerings [42] Q&A Session Summary Question: Did anything get pulled forward from Q4 due to Q3 strength? - Management indicated no significant pull forward was observed, but acknowledged tougher comps in Q4 [21][22] Question: Can you comment on the M&A pipeline? - Management confirmed that M&A remains a priority, with a focus on resilient business areas and well-operated targets [24][25] Question: What is the outlook for the CRE transaction market recovery? - Management expects a longer, slower recovery in the sales part of the business, with strong pipelines and pent-up demand from both buyers and sellers [30][32] Question: How are pipelines trending in the fourth quarter? - Pipelines are strong, with expectations for high-end EPS if transaction activity continues as anticipated [34] Question: Is the company appropriately staffed for growth? - Management stated they are appropriately staffed but are also looking to add talent where necessary to support growth [38][40] Question: What is the outlook for the BOE segment? - Management reported strong pipelines and expects elevated sales volume in Q4, with revenue growth anticipated in the second half of next year [61] Question: How does the company view the Facilities Management market? - Management believes they have expanded their total addressable market (TAM) significantly through various acquisitions and strategic initiatives [67][69]

Financial Data and Key Metrics Changes - CBRE reported a 34% growth in core EPS and a 19% increase in core EBITDA for Q3 2025, exceeding expectations across the board [8][13] - The company raised its full-year core EPS outlook to $6.25 to $6.35 from $6.10 to $6.20, reflecting strong performance and confidence in the fourth quarter [6][13] Business Line Data and Key Metrics Changes - Advisory services revenue grew by 16%, driven by strong performance in leasing and sales, with global leasing revenue rising 17% [8][9] - Property sales business delivered a 28% revenue growth, with notable strength in office, industrial, and data centers [9][10] - The Building Operations & Experience segment saw an 11% revenue growth, supported by work for data center hyperscalers and new client wins [10] - Project management segment revenue increased by 19%, with broad-based double-digit growth across regions [11] Market Data and Key Metrics Changes - Revenue from Japan and India combined rose more than 30% to nearly $400 million, indicating strong growth potential in these markets [6] - U.S. industrial leasing increased by 27%, driven by third-party logistics providers [9] Company Strategy and Development Direction - The company emphasizes its scale and breadth across asset types, client types, and geographies to drive growth and create integrated solutions for clients [5] - CBRE is focusing on M&A and co-investment into real estate investments, prioritizing these over share repurchases [18] - The company is building sustainable businesses in the data center sector, expecting significant growth in this area over the next five years [38][40] Management's Comments on Operating Environment and Future Outlook - Management expects a longer, slower recovery in the sales part of the business, with strong pipelines and pent-up demand from both buyers and sellers [22] - The company anticipates continued strong activity in the fourth quarter, with robust pipelines in leasing and sales [25] - Management noted that real estate has become a more strategic asset class for companies, enhancing the importance of their services [57] Other Important Information - CBRE expects to generate approximately $1.8 billion of free cash flow for the year, with net leverage at 1.2 turns [13] - The company is integrating its operations with Turner & Townsend to enhance service offerings and achieve cost synergies [32] Q&A Session Summary Question: Did anything get pulled forward from Q4 due to Q3 strength? - Management indicated no significant pull forward across segments, but acknowledged tougher comps in Q4 [16] Question: Can you comment on the M&A pipeline? - The company remains focused on M&A and co-investment, looking for well-operated targets that can benefit from being part of CBRE [18] Question: Where are we in the CRE transaction market recovery? - Management expects a steady recovery in investment sales over the next couple of years, driven by pent-up demand [22] Question: How are pipelines trending in the fourth quarter? - Pipelines are strong, with expectations for continued strong activity in leasing and sales [25] Question: Are you appropriately staffed in the advisory segment? - Management stated they are appropriately staffed but are also looking to add talent where necessary [27] Question: What is the outlook for the BOE segment? - Pipelines in the BOE segment are strong, with elevated sales expected to show up in revenue in the second half of next year [47] Question: How do you view the facilities management market? - The company has expanded its total addressable market (TAM) through various acquisitions and believes it can continue to grow in this space [51] Question: What is the constraint for data center development sites? - Access to power is a significant constraint for data center land development [54] Question: What is the outlook for office leasing? - Management sees broad-based growth in office leasing, with a resurgence in gateway markets [56][62]

Core Insights - BAWAG Group reported a strong operating performance for Q3 2025, with a net profit of €219 million, earnings per share of €2.77, and a return on tangible common equity (RoTCE) of 27.8% [1][3] - The company achieved a net profit of €630 million and earnings per share of €7.98 for the first nine months of 2025, reflecting a solid financial position [1][3] - The CET1 ratio stood at 14.1% after accounting for a dividend accrual of €346 million, indicating a robust capital position [2] Financial Performance - Core revenues for Q3 2025 reached €554 million, a 43% increase year-over-year, while year-to-date core revenues totaled €1,636.7 million, up 40% [5] - Net interest income for Q3 was €460 million, up 48% year-over-year, and year-to-date net interest income was €1,363.4 million, an increase of 45% [5] - Operating expenses increased by 58% in Q3 to €200.3 million, with year-to-date operating expenses at €604.6 million, up 59% [5] - The net profit for Q3 was €218.5 million, a 23% increase compared to the previous year, and the profit before tax was €293.5 million, up 23% [5] Shareholder Returns - The company executed a €175 million share buyback in Q3 2025, canceling 1.6 million shares, resulting in 77 million shares outstanding, a reduction of 23% since the IPO in 2017 [2][4] - The liquidity coverage ratio (LCR) was reported at 201%, reflecting a strong liquidity position despite a decrease of 59 basis points [5] Strategic Outlook - BAWAG Group expects to outperform its full-year targets for 2025 and reconfirms its mid-term targets as presented during the Investor Day on March 4, 2025 [3] - The integration of recent acquisitions is progressing well, serving as a catalyst for organizational redesign towards a digital-first banking approach [5]

Third Quarter 2025 Earnings Conference Call October 21, 2025 1 Safe Harbor Statement Statements in this presentation which are not historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include discussions of the strategic plans and objectives or anticipated future performance and ...

Core Viewpoint - The Crelan Group and Crédit Agricole Group have finalized their strategic partnership, which includes the signing of commercial agreements and the acquisition of a 9.9% minority stake in Crelan SA/NV by Crédit Agricole [2][5]. Group 1: Strategic Partnership Details - The partnership aims to enhance banking services in Belgium by combining Crelan's local presence with Crédit Agricole's expertise in asset management, private banking, and leasing [3]. - The two groups will focus on commercial collaborations in key areas such as asset management through Amundi, private banking via Indosuez Wealth Management / Bank Degroof Petercam, and leasing through CA Leasing & Factoring [2][3]. Group 2: Financial Impact - The acquisition of the 9.9% stake has a negligible impact on the CET1 ratio of Crédit Agricole S.A. and its subsidiaries, while positively affecting Crelan Group's phased CET1 capital ratio by 2.1% [6]. - This increase in capital ratio provides Crelan with greater financial flexibility to pursue future organic growth opportunities [6]. Group 3: Company Profiles - Crelan Group ranks fifth among Belgian retail banks, with total assets of €55.8 billion, managing €44.3 billion in customer deposits and supporting €49.5 billion in loans [7]. - Crédit Agricole Group is Europe's leading retail bank and asset manager, serving 54 million customers and characterized by its cooperative banking model [8][9].

Q2 2025 Financial Performance - Fee revenue for Q2 2025 reached $1.7 billion, a 7% increase compared to Q2 2024[18] - Leasing fee revenue increased by 8%, primarily driven by growth in the Americas and EMEA regions[18] - Capital markets fee revenue saw a significant increase of 26%, with double-digit growth in both the Americas and EMEA[18] - Adjusted EBITDA reached $162 million, a 15% increase compared to the previous year[18] - The adjusted EBITDA margin improved to 9.5%, a 75 bps increase compared to Q2 2024[18] - Adjusted EPS increased by 50% to $0.30, marking four consecutive quarters of year-over-year growth[18] Liquidity and Debt Management - The company repaid an additional $25 million in term loan debt[18] - Subsequent to quarter end, the company repriced approximately $950 million of term loan debt maturing in 2030, reducing the applicable interest rate by 50 bps, and paid down an additional $150 million of term loan debt maturing in 2030[18] - Liquidity at the end of Q2 2025 was $1.7 billion, comprising $0.6 billion in cash and $1.1 billion in undrawn revolving credit facility availability[18] - Net debt to LTM Adjusted EBITDA was 3.7x[44, 50] Segment Performance - Americas fee revenue was $1.205 billion in Q2 2025, a 7% increase compared to Q2 2024[24, 27] - EMEA fee revenue was $224 million in Q2 2025, a 9% increase compared to Q2 2024[24, 34] - APAC fee revenue was $270 million in Q2 2025, a 3% increase compared to Q2 2024[24, 38] 2025 Outlook - Leasing revenue growth is projected to be between 6% and 8%[48] - Capital Markets revenue growth is expected to be in the mid-teens, improved growth vs 2024's +4%[48] - Organic Services revenue growth is anticipated to be in the mid-single digits[48] - Adjusted EPS growth is projected to be between 25% and 35%[48]