Marnus Abike's questions to CBRE Group Inc (CBRE) leadership • Q1 2025
Question
Marnus Abike, on for Steve Sakwa, asked about the outlook for currency headwinds in the second quarter and how the company is thinking about share repurchases given the macro environment.
Answer
CFO Emma Giamartino noted that based on the current forward curve, currency headwinds could reverse to become tailwinds in Q2, but cautioned that the situation is volatile. She reiterated that CBRE's capital allocation strategy is unchanged: M&A and REI co-investments are prioritized, with share repurchases used to balance capital deployment when the stock price is attractive.