Earnings summaries and quarterly performance for CBRE GROUP.
Executive leadership at CBRE GROUP.
Robert E. Sulentic
Detailed
Chair, President and Chief Executive Officer
CEO
AH
Andrew Horn
Detailed
Deputy Chief Financial Officer and Principal Accounting Officer
CJ
Chad J. Doellinger
Detailed
Chief Legal & Administrative Officer and Corporate Secretary
EE
Emma E. Giamartino
Detailed
Chief Financial Officer
JH
Jamie Hodari
Detailed
Chief Executive Officer, Building Operations & Experience and Chief Commercial Officer
VK
Vikram Kohli
Detailed
Chief Operating Officer and Chief Executive Officer, Advisory Services
Board of directors at CBRE GROUP.
BF
Beth F. Cobert
Detailed
Director
BB
Brandon B. Boze
Detailed
Director
GI
Gerardo I. Lopez
Detailed
Director
GS
Gunjan Soni
Detailed
Director
GA
Guy A. Metcalfe
Detailed
Director
RH
Reginald H. Gilyard
Detailed
Director
SY
Sanjiv Yajnik
Detailed
Director
SD
Shira D. Goodman
Detailed
Lead Independent Director
VC
Vincent Clancy
Detailed
Director
Research analysts who have asked questions during CBRE GROUP earnings calls.
AP
Anthony Paolone
JPMorgan Chase & Co.
9 questions for CBRE
Also covers: ALX, ARE, AVB +32 more
JR
Jade Rahmani
Keefe, Bruyette & Woods
9 questions for CBRE
Also covers: ABR, ACRE, AMH +22 more
RK
Ronald Kamdem
Morgan Stanley
8 questions for CBRE
Also covers: AAT, ADC, AHR +37 more
Steve Sakwa
Evercore ISI
8 questions for CBRE
Also covers: ALX, AMH, AVB +31 more
JB
Julien Blouin
The Goldman Sachs Group, Inc.
7 questions for CBRE
Also covers: ALX, AMH, CIGI +12 more
AK
Alex Kramm
UBS Group AG
6 questions for CBRE
Also covers: BR, CBOE, CME +16 more
Stephen Sheldon
William Blair & Company
6 questions for CBRE
Also covers: AGYS, ALRM, APEI +11 more
Seth Bergey
Citi
5 questions for CBRE
Also covers: AHR, BDN, BXP +16 more
PA
Peter Abramowitz
Jefferies
3 questions for CBRE
Also covers: AHH, ARE, BXP +14 more
Michael Griffin
Citigroup Inc.
2 questions for CBRE
Also covers: AHR, ALX, ARE +35 more
Stephen Sheldon
William Blair
2 questions for CBRE
Also covers: AGYS, ALRM, CIGI +9 more
MA
Marnus Abike
Evercore ISI
1 question for CBRE
PO
Patrick O'Shaughnessy
Raymond James
1 question for CBRE
Also covers: AMTD, BR, CWK +8 more
SB
Seth Berge
Citigroup
1 question for CBRE
Also covers: BDN, BXP, CDP +5 more
Recent press releases and 8-K filings for CBRE.
CBRE Group issues corrective information for 2024 and H1 2025 reports
CBRE
Financial Restatement
Accounting Changes
Legal Proceedings
- Danish Business Authority decision dated 20 November 2025 mandates a renewed measurement of the Portinho S.A. receivable using an Expected Credit Loss (ECL) model under IFRS 9, replacing the prior simplified NPV approach and resulting in significant write-downs as of 31 December 2024 and 30 June 2025, treated as an error correction under IAS 8.
- The cumulative effect of the adjustment is recognised in the 2024 annual financial statements, with the impact for H1 2025 reflected in the interim report.
- The Board of Directors and Executive Board have approved this supplementary information prepared under IFRS as adopted by the EU, confirming it gives a true and fair view and that the Company’s full legal claim against Portinho S.A. remains unchanged.
2 days ago
CBRE announces Q4 2025 earnings
CBRE
Earnings
Guidance Update
M&A
- Revenue rose 12% year-over-year and core EPS increased 18%, reaching record quarterly levels; core EBITDA grew 19% in Q4 2025.
- Data center solutions and digital infrastructure capabilities strengthened by the Pearce Services acquisition in November; this segment’s revenue is expected to reach $2 billion in 2026, growing at 20% per annum.
- Guidance for 2026 core EPS of $7.30–$7.60 (17% growth at midpoint) is driven by continued double-digit growth in resilient and transactional businesses.
- Free cash flow in 2025 was $1.7 billion (86% conversion rate); share repurchases totaled nearly $400 million in Q4 and $1 billion since early 2025, with net leverage at 1.2x.
- Assets under management increased by over $9 billion to $155 billion, and capital raised in 2025 exceeded $11 billion.
Feb 12, 2026, 1:30 PM
CBRE reports Q4 2025 earnings and 2026 guidance
CBRE
Earnings
Guidance Update
M&A
- CBRE delivered 12% revenue growth, 19% core EBITDA growth, and 18% core EPS growth, all record levels for Q4 2025.
- Acquired Pearce Services in November to expand digital infrastructure technical services; data center solutions revenue grew >20% and is projected to reach $2 billion in 2026 (20% CAGR).
- Generated $1.7 billion free cash flow (86% conversion) and returned nearly $400 million in share repurchases in Q4 (over $1 billion since early 2025); net leverage at 1.2×.
- Issued guidance for 2026 core EPS of $7.30–$7.60 (17% growth at midpoint), driven by double-digit expansion in resilient and transactional businesses.
Feb 12, 2026, 1:30 PM
CBRE Group reports Q4 2025 earnings
CBRE
Earnings
Guidance Update
- Q4 2025 consolidated results: Revenue of $11,629 M (+12%), Core EPS of $2.73 (+18%) and GAAP EPS of $1.39 (–12%).
- Full-year 2025: Revenue of $40,550 M (+13%), Core EPS of $6.38 (+25%) and Core EBITDA of $3,308 M (+22%).
- Broad-based segment growth in Q4: Advisory revenue up 13% (leasing +14%, sales +18%) with SOP +14% ; Building Operations revenue +15% and SOP +20% ; Project Management revenue +8% and SOP +4%.
- Strong balance sheet and cash flow: Net debt of $4,113 M with net leverage 1.2x, and TTM free cash flow of $1,652 M.
- 2026 outlook: Core EPS guidance of $7.30–$7.60 (midpoint +17%), with Q1 expected to deliver ~15% of full-year EPS.
Feb 12, 2026, 1:30 PM
CBRE Group reports Q4 2025 results
CBRE
Earnings
Guidance Update
M&A
- CBRE delivered 12% revenue growth, 19% core EBITDA growth, and 18% core EPS growth in Q4 2025, driven by double-digit gains across resilient and transactional businesses.
- The Pearce Services acquisition (Nov 2025) and a 20%+ annual increase in data center solutions expanded digital infrastructure offerings; data center solutions accounted for ~14% of core EBITDA in 2025 and are projected to generate $2 billion in revenue in 2026.
- CBRE generated $1.7 billion of free cash flow in 2025 (86% conversion), ended with net leverage of 1.2 turns, and repurchased over $1 billion of shares since early 2025, including $400 million in Q4.
- Assets under management rose over $9 billion to $155 billion, with capital raised exceeding $11 billion in 2025.
- For 2026, CBRE targets core EPS of $7.30–$7.60 (17% growth at midpoint), backed by sustained double-digit revenue growth.
Feb 12, 2026, 1:30 PM
CBRE reports Q4 and full-year 2025 results
CBRE
Earnings
Guidance Update
- Q4 2025 revenue of $11.6 billion, up 12%, with GAAP EPS $1.39 and Core EPS $2.73.
- FY 2025 revenue of $40.6 billion, up 13%, with GAAP EPS $3.85 and Core EPS $6.38.
- 2025 cash flow: operations ~$1.6 billion, free cash flow ~$1.7 billion; net leverage ratio of 1.24× at year-end.
- 2026 guidance: Core EPS of $7.30–$7.60, reflecting 17% growth at midpoint.
Feb 12, 2026, 12:04 PM
CBRE Group Reports Q4 and FY 2025 Results
CBRE
Earnings
Guidance Update
- Revenue: Q4 2025 of $11.6 B (+12%) and FY 2025 of $40.6 B (+13%)
- EPS: Q4 GAAP EPS $1.39; Core EPS $2.73. FY 2025 GAAP EPS $3.85; Core EPS $6.38
- Cash flow: 2025 operating cash flow ~$1.6 B and free cash flow ~$1.7 B
- 2026 guidance: Core EPS expected at $7.30–$7.60, reflecting ~17% growth at midpoint
Feb 12, 2026, 11:55 AM
CBRE Group: Tampa Leads Florida Industrial Markets While Orlando Rebounds
CBRE
- Tampa delivered over 10M SF annual warehouse leasing for five consecutive years (2020–2024), with 3.2% small bay vacancy and 6.5% rent growth, marking the tightest market in Florida.
- Orlando achieved 2M SF positive absorption in Q3 2025, ending seven quarters of rising vacancy; vacancy has declined to 7.4%, and rent growth is projected at 7–9% through 2026.
- Tampa’s development pipeline has shrunk 70% since Q3 2022, driving expectations of 8–12% annual rent appreciation through 2026.
Feb 10, 2026, 1:39 PM
ARGAN reports strong 2025 results
CBRE
Earnings
Guidance Update
Debt Issuance
- Rental income rose 7% to €212 m and recurring net income increased 13% to €154.8 m, both above targets for 2025.
- Portfolio valuation reached €4.07 bn excl. duties with occupancy over 99%, and EPRA NAV NTA grew 7% to €91.5 per share.
- Debt metrics improved: EPRA LTV fell to 41.1%, net debt/EBITDA to 8.5x, and cost of debt to 2.10%.
- For 2026, ARGAN targets 4% rental income growth to €220 m, stable recurring net income per share at ~€6, and will refinance its €500 m bond maturing November 2026.
Jan 22, 2026, 4:45 PM
Cellares expands global Smart Factory network with European HQ in the Netherlands
CBRE
New Projects/Investments
- Cellares signed a long-term lease for a new IDMO Smart Factory at Leiden Bio Science Park, featuring 9,741 m² of lab and office space, with delivery in Q1 2026 and first occupancy later in 2026.
- The Netherlands site will serve as Cellares’ European headquarters and support regional clinical and commercial cell therapy production under a common global standard.
- The facility will be equipped with Cellares’ automated Cell Shuttle™ manufacturing and Cell Q™ quality-control platforms to streamline process transfer and maintain consistency across regions.
- This expansion complements existing Smart Factories in Bridgewater, NJ, and South San Francisco, with another site under development in Japan, enhancing global capacity and scalability.
Jan 12, 2026, 8:58 PM
Quarterly earnings call transcripts for CBRE GROUP.
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