Did you analyze how CBRE Group (CBRE) fared in its international operations for the quarter ending September 2024? Given the widespread global presence of this provider of real estate investment management services, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities. In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-bein ...

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CBRE Group, Inc. (NYSE:CBRE) Q3 2024 Results Conference Call October 24, 2024 8:30 AM ET Company Participants Chandni Luthra - Executive Vice President, Head of FP&A and Investor Relations Bob Sulentic - Chair & Chief Executive Officer Emma Giamartino - Chief Financial Officer Conference Call Participants Michael Griffin - Citi Anthony Paolone - JPMorgan Chase Steve Sakwa - Evercore ISI Stephen Sheldon - William Blair Ronald Kamdem - Morgan Stanley Jade Rahmani - KBW Peter Abramowitz - Jefferies Operator Gr ...

Core Insights - CBRE Group Inc. reported third-quarter 2024 core earnings per share (EPS) of $1.20, exceeding the Zacks Consensus Estimate of $1.06, and reflecting a 66.7% year-over-year increase [1] - The company's shares rose over 9% following the earnings report, driven by double-digit revenue and segment operating profit growth [1] - Quarterly revenues increased by 14.8% year over year to $9.04 billion, surpassing the Zacks Consensus Estimate of $8.98 billion [1] Revenue Breakdown - Advisory Services segment revenue grew 19% year over year to $2.4 billion, exceeding the estimate of $2.17 billion [2] - Global leasing revenue rose 19%, with significant growth in Europe, the Middle East & Africa (EMEA), and the Americas [2] - Global property sales revenue increased by 14%, marking the first growth since Q2 2022, driven by increases across all regions [2] Segment Performance - The GWS segment reported a 12.3% year-over-year revenue increase to $6.35 billion, slightly below the estimate of $6.52 billion [2] - Facilities management net revenues rose 22%, while project management net revenues increased by 12%, benefiting from cost efficiency initiatives [3] - The Real Estate Investments segment saw a 43.8% revenue increase to $302 million, attributed to higher incentive fees [3] Balance Sheet and Liquidity - As of September 30, 2024, CBRE had cash and cash equivalents of $1.03 billion, up from $928 million at the end of Q2 2024 [4] - Total liquidity stood at $4 billion, including $1 billion in cash and approximately $3 billion available under revolving credit facilities [4] - The company's net leverage ratio was 1.26X, significantly below the primary debt covenant of 4.25X [4] Future Outlook - For 2024, CBRE projects core EPS in the range of $4.95-$5.05, an increase from the previous guidance of $4.70-$4.90 [4] - The Zacks Consensus Estimate for 2024 core EPS is currently at $4.80, which is below the newly guided range [4]

CBRE Group (CBRE) reported $9.04 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 14.8%. EPS of $1.20 for the same period compares to $0.72 a year ago.The reported revenue represents a surprise of +0.65% over the Zacks Consensus Estimate of $8.98 billion. With the consensus EPS estimate being $1.06, the EPS surprise was +13.21%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

CBRE Group (CBRE) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.21%. A quarter ago, it was expected that this provider of real estate investment management services would post earnings of $0.69 per share when it actually produced earnings of $0.81, delivering a surprise of 17.39% ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number 001-32205 CBRE GROUP, INC. (Exact name of registrant as specified in its charter) _________________________ ...

EXHIBIT 99.1 For further information: Chandni Luthra - Investors Steve Iaco - Media 212.984.8113 212.984.6535 Chandni.Luthra@cbre.com Steven.Iaco@cbre.com Press Release FOR IMMEDIATE RELEASE CBRE GROUP, INC. REPORTS FINANCIAL RESULTS FOR THIRD-QUARTER 2024 Dallas – October 24, 2024 — CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the third quarter ended September 30, 2024. Key Highlights: • GAAP EPS up 20% to $0.73; Core EPS up 67% to $1.20 • Revenue up 15%; net revenue up 20% • Resilient ...

CBRE Group, Inc. (CBRE) , the global leader in real estate services, has been gearing up to announce its third-quarter 2024 earnings on Oct. 24, before the closing bell. The company has been at the forefront of the industry, offering a wide range of services, including property sales and leasing, property management, valuation, project management and consulting.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, this Dallas, TX-based commercial real estate ...