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.
7 questions for CBRE
Also covers: ARE, BDN, BNL +29 more
JR
Jade Rahmani
Keefe, Bruyette & Woods
7 questions for CBRE
Also covers: ABR, ACRE, AMH +22 more
RK
Ronald Kamdem
Morgan Stanley
6 questions for CBRE
Also covers: AAT, ADC, AHR +37 more
Stephen Sheldon
William Blair & Company
6 questions for CBRE
Also covers: AGYS, ALRM, APEI +11 more
Steve Sakwa
Evercore ISI
6 questions for CBRE
Also covers: ALX, AMH, AVB +31 more
JB
Julien Blouin
The Goldman Sachs Group, Inc.
5 questions for CBRE
Also covers: ALX, AMH, CIGI +11 more
AK
Alex Kramm
UBS Group AG
4 questions for CBRE
Also covers: BR, CBOE, CME +15 more
PA
Peter Abramowitz
Jefferies
3 questions for CBRE
Also covers: AHH, ARE, BXP +14 more
Seth Bergey
Citi
3 questions for CBRE
Also covers: AHR, BDN, BXP +16 more
Michael Griffin
Citigroup Inc.
2 questions for CBRE
Also covers: AHR, ALX, ARE +33 more
MA
Marnus Abike
Evercore ISI
1 question for CBRE
PO
Patrick O'Shaughnessy
Raymond James
1 question for CBRE
Also covers: AMTD, BR, DNB +7 more
SB
Seth Berge
Citigroup
1 question for CBRE
Also covers: BDN, BXP, CDP +4 more
Recent press releases and 8-K filings for CBRE.
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
CBRE advises Cellares on new European cell therapy facility
CBRE
New Projects/Investments
- Cellares firmó un contrato de arrendamiento para una nueva fábrica inteligente IDMO de 9 741 m² en Leiden, Países Bajos, con entrega prevista para el primer trimestre de 2026 y ocupación a finales de 2026.
- La sede europea implementará las plataformas automatizadas Cell Shuttle™ y Cell Q™ para garantizar una producción y control de calidad estandarizados de terapias celulares.
- Esta planta complementa la red internacional de Cellares en Bridgewater (Nueva Jersey) y el sur de San Francisco, con desarrollo adicional en Japón, y apunta a acelerar la transferencia de procesos comerciales.
- CBRE actuó como asesor inmobiliario internacional en la adquisición del espacio en el Leiden Bio Science Park.
Jan 12, 2026, 8:27 PM
CBRE-backed Lever House reaches 100% occupancy
CBRE
New Projects/Investments
- Lever House achieved 100% occupancy following a $100 million renovation and restoration by Brookfield Properties and Waterman Interests.
- The fully leased trophy office asset attracts an elite tenant roster, including global banks, hedge funds, private equity firms and family offices.
- Acquired in May 2020 amid the pandemic, the repositioning underscores Brookfield and Waterman’s strategy of unlocking value in existing assets.
- CBRE’s agency leasing team, led by John Maher and Peter Turchin, facilitated the leasing success on behalf of the partnership.
Dec 10, 2025, 6:08 PM
CBRE outlines growth strategy at J.P. Morgan 2025 Ultimate Services Investor Conference
CBRE
M&A
New Projects/Investments
Share Buyback
- CBRE has rebalanced its portfolio from roughly 30% resilient businesses in 2010 to 60% today, focusing on acyclical and secular‐tailwind areas such as data centers to sustain double‐digit top‐ and bottom‐line growth.
- The company acquired Pearce Services for $1.2 billion to enter digital infrastructure project management and earlier bought DirectLine to bolster data‐center white‐space build-out capabilities.
- Turner & Townsend, integrated via M&A, now generates $3.5 billion in revenue with a 20% CAGR, expanding CBRE’s project and cost consultancy footprint to 60 countries and critical infrastructure sectors.
- Data centers represent about 10% of earnings, with CBRE managing 800 data centers globally and overseeing 150 hyperscale projects across advisory, project management, operations, and investment segments.
- CBRE will deploy capital through targeted M&A, real‐estate investments, and share repurchases—having bought back several billion dollars of stock while viewing current levels as below intrinsic value.
Nov 18, 2025, 9:40 PM
CBRE emphasizes shift to resilient services and infrastructure expansion
CBRE
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- CBRE’s business mix is 60% resilient (countercyclical/acyclical & secular tailwinds) versus 40% transactional, up from ~30% in 2010, driving double-digit top- and bottom-line growth.
- Data centers represent ~10% of 2024 earnings and CBRE operates across advisory, project management (Turner & Townsend), operations (managing ~800 data centers), and development segments.
- Recent M&A includes the $1.2 billion acquisition of Pearce Services for digital infrastructure project management and the prior purchase of DirectLine to bolster data center white-space capabilities.
- Capital allocation focuses on strategic M&A, real estate investments, and billions in share buybacks, reflecting confidence in CBRE’s intrinsic value.
Nov 18, 2025, 9:40 PM
CBRE outlines strategic shift to resilient businesses and digital infrastructure at JPM 2025 conference
CBRE
M&A
Revenue Acceleration/Inflection
- CBRE, now diversified across four dimensions, has shifted to 60% resilient businesses (acyclical or secular tailwinds) from 30% in 2010, expecting continued growth in resilient segments.
- Data center services represent ~10% of CBRE’s earnings, encompassing advisory (brokerage, valuations), Turner & Townsend project management (~150 hyperscale sites), operations (manages 800 data centers), and land development/investments.
- Strategic acquisitions, including Turner & Townsend (project management business now $3.5 billion with 20% growth rate post-deal) and $1.2 billion Pearce Services integration, bolster CBRE’s digital infrastructure and technical services capabilities.
- CBRE’s capital allocation emphasizes M&A, opportunistic real estate investments, and share buybacks, deploying “several billions” in repurchases when stock trades below intrinsic value.
- The leasing business has taken market share, with office leasing returning to a “return to the mean” supported by experiential offerings (e.g., Industrious acquisition) and industrial leasing projected to rebound by mid-2026.
Nov 18, 2025, 9:40 PM
CBRE issues $750 M 4.900% Senior Notes due 2033
CBRE
Debt Issuance
- On November 13, 2025, CBRE Services completed an offering of $750 million aggregate principal amount of 4.900% Senior Notes due January 15, 2033, under an indenture with Computershare Trust Company as trustee.
- The Notes are senior unsecured obligations of the issuer, fully and unconditionally guaranteed by CBRE Group, Inc., ranking pari passu with existing senior debt and subject to covenants on liens, sale/leasebacks and mergers.
- Net proceeds will be used to repay borrowings under CBRE’s commercial paper program related to the Pearce Services, LLC acquisition and for general corporate purposes.
- Interest is payable semi-annually each January 15 and July 15; the issuer may redeem the Notes at par on or after November 15, 2032, and holders have a change-of-control put option at 101%.
Nov 13, 2025, 9:33 PM
CBRE issues $750M 4.900% Senior Notes due 2033
CBRE
Debt Issuance
- On November 5, 2025, CBRE Services, Inc., a wholly-owned subsidiary of CBRE Group, Inc., entered into an underwriting agreement to issue $750 million aggregate principal amount of 4.900% Senior Notes due January 15, 2033.
- The offering is underwritten by Wells Fargo Securities, BofA Securities, Citigroup Global Markets and J.P. Morgan Securities, with closing expected on November 13, 2025, under CBRE’s Form S-3 shelf registration.
- The notes are priced at 99.813% of par, yielding 4.929% to maturity, with a purchase price to underwriters of 99.188% of principal.
- Net proceeds of approximately $743.9 million will be used to repay commercial paper related to the Pearce Services acquisition and for other corporate purposes.
Nov 7, 2025, 9:37 PM
CBRE acquires Pearce Services for $1.2B to boost power infrastructure
CBRE
M&A
- CBRE will acquire Pearce Services for $1.2 billion, plus up to $115 million earn-out contingent on 2027 performance.
- The deal expands CBRE’s Building Operations & Experience segment into digital and power infrastructure, covering critical power and cooling, renewables, wireless networks, and EV charging.
- Pearce Services, with over 4,000 employees, is projected to generate $660 million in 2026 revenue, diversifying CBRE’s service offerings.
- CBRE expects an immediate boost to core earnings, targeting $350 million EBITDA by 2026 from these new segments.
Nov 4, 2025, 3:10 PM
Quarterly earnings call transcripts for CBRE GROUP.
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