Colliers International Group (CIGI) Company Report

Analyst Coverage

Research analysts who have asked questions during Colliers International Group earnings calls.

Daryl Young

Stifel

13 questions for CIGI

Also covers: FSV

Frederic Bastien

Raymond James

13 questions for CIGI

Also covers: BIP, FSV, STN

Himanshu Gupta

Scotiabank

12 questions for CIGI

Also covers: FSV, GRP-UN

Jimmy Shan

RBC Capital Markets

12 questions for CIGI

Stephen MacLeod

BMO Capital Markets

12 questions for CIGI

Also covers: FSV, GIL

Julien Blouin

The Goldman Sachs Group, Inc.

11 questions for CIGI

Also covers: ALX, AMH, CBRE +12 more

Anthony Paolone

JPMorgan Chase & Co.

10 questions for CIGI

Also covers: ALX, ARE, AVB +32 more

Stephen Sheldon

William Blair & Company

9 questions for CIGI

Also covers: AGYS, ALRM, APEI +11 more

Mitch Germain

Citizens JMP

6 questions for CIGI

Also covers: ADC, ALEX, BNL +17 more

Scott Fletcher

CIBC

6 questions for CIGI

Also covers: FSV, TRI, WHTCF

Maxim Sytchev

National Bank Financial, Inc.

5 questions for CIGI

Also covers: ATS, NOA, RBA +1 more

Erin Kyle

CIBC World Markets

4 questions for CIGI

Also covers: DCBO, FSV

Michelle Germain

Citizens Bank

2 questions for CIGI

Stephen Sheldon

William Blair

2 questions for CIGI

Also covers: AGYS, ALRM, CBRE +9 more

Tony Paolone

JPMorgan Chase & Co.

2 questions for CIGI

Khing Shan

RBC Capital Markets

1 question for CIGI

Matt Filak

William Blair

1 question for CIGI

Matthew Filek

William Blair

1 question for CIGI

Also covers: AGYS, ALRM, APEI +2 more

Nevan Yochim

BMO Capital Markets

1 question for CIGI

Ryan Trieste

Goldman Sachs

1 question for CIGI

Latest news

Recent press releases and 8-K filings for CIGI.

Colliers acquires Progedil, a leading Roman residential real estate agency

CIGI

M&A

New Projects/Investments

Colliers (CIGI) has acquired Progedil, a leading residential asset advisor in Rome, Italy, in a transaction that formally closed on March 2, 2026.
This acquisition expands Colliers’ capabilities in large-scale urban regeneration and new-build development projects in Italy, strengthening its presence in a critical European market.
Progedil has a 35-year legacy, having commercialized approximately €6.5 billion worth of residential units, and its senior leadership team will retain significant equity and continue to lead day-to-day operations.

2 days ago

Press Release

Colliers Extends and Amends Credit Facility

CIGI

Debt Issuance

New Projects/Investments

Colliers (CIGI) announced on February 20, 2026, the amendment of its revolving credit facility, extending its maturity to February 2031.
The facility maintains a total of US$2.25 billion and now includes a US$250 million accordion feature.
This amendment provides enhanced financial flexibility to support the company's ongoing acquisition strategy and internal growth initiatives.
The facility's sustainability-linked pricing metrics were also extended, reinforcing Colliers' commitment to its sustainability goals.

Feb 20, 2026, 9:05 PM

Press Release

Colliers International Group Reports Q4 2025 Results, Announces Ayesa Engineering Acquisition, and Provides 2026 Outlook

CIGI

Earnings

M&A

Guidance Update

Colliers International Group reported Q4 2025 revenues of $1.6 billion, a 5% increase year-over-year, and Adjusted EBITDA of $245 million, up 6%. For the full year 2025, internal revenue growth was 5%.
The company agreed to acquire Ayesa Engineering for $700 million USD equivalent, which is expected to close in Q2 2026 and will increase pro forma leverage to 2.7x from 2x as of December 31st, 2025, with plans to delever back to 2x.
For 2026, Colliers anticipates mid-teens growth across all three key operating metrics, with Investment Management targeting $6 billion-$9 billion in new capital commitments.
Management views AI as a productivity and growth enabler to enhance efficiency and margins, while integration costs in the Investment Management segment are expected to continue impacting margins through the first half of 2026.

Feb 13, 2026, 4:00 PM

Transcript

Colliers International Group Reports Q4 2025 Results and Provides 2026 Outlook

CIGI

Earnings

Guidance Update

M&A

Colliers reported Q4 2025 revenues of $1.6 billion, up 5% year-over-year, and Adjusted EBITDA of $245 million, up 6%. Full-year 2025 internal revenue growth was a solid 5%.
The company agreed to acquire Ayesa Engineering for a $700 million USD equivalent purchase price, which will add approximately 0.7 turns of leverage on a pro forma basis, bringing it to 2.7x. The plan is to delever back to 2x by year-end 2026.
For 2026, Colliers expects mid-teens growth in all three key operating metrics, with total top-line growth in Engineering projected to be over 25% including acquisitions, and Investment Management net revenue growth in the low teens.
Investment Management ended 2025 with over $108 billion in assets under management and set a 2026 fundraising target of $6 billion-$9 billion. Integration costs for this segment are anticipated to continue through the first half of 2026.
Colliers views AI as a productivity and growth enabler, expecting it to automate routine work, improve efficiency, expand margins, and strengthen its data advantage without causing fee pressure.

Feb 13, 2026, 4:00 PM

Transcript

Colliers International Group Reports Q4 2025 Results and Provides 2026 Outlook

CIGI

Earnings

Guidance Update

M&A

Colliers International Group reported Q4 2025 revenues of $1.6 billion, an increase of 5% year-over-year, with Adjusted EBITDA of $245 million, up 6%. Full-year internal revenue growth was 5%.
The company agreed to acquire Ayesa Engineering for $700 million USD equivalent, which is expected to add approximately 0.7 turns of leverage to its 2x leverage as of December 31, 2025. Colliers plans to return to its target 2x leverage through strong operating cash flow and organic EBITDA growth in 2026.
For 2026, Colliers anticipates mid-teens growth across all three key operating metrics, including low teens top-line growth in Commercial Real Estate, over 25% total top-line growth in Engineering (with acquisitions), and low teens net revenue growth in Investment Management. Investment Management ended 2025 with $108 billion in assets under management and targets $6 billion-$9 billion in new capital commitments for 2026.

Feb 13, 2026, 4:00 PM

Transcript

Colliers Reports Fourth Quarter and Full Year 2025 Results and Announces Ayesa Engineering Acquisition

CIGI

Earnings

M&A

Guidance Update

Colliers reported full year 2025 revenues of $5,558.5 million, an increase of 15%, and Adjusted EPS of $6.58, up 14%. For the fourth quarter of 2025, revenues were $1,606.5 million, up 7%, and Adjusted EPS was $2.34, an increase of 4%.
The company announced the acquisition of Ayesa Engineering, a multidiscipline engineering firm headquartered in Spain, which is expected to close in late Q2 2026 and will significantly expand Colliers' engineering platform.
Colliers anticipates mid-teens growth in revenues, Adjusted EBITDA, and Adjusted EPS for 2026 on a consolidated basis, including the anticipated impact of the Ayesa Engineering acquisition.
In 2025, over 70% of the company's earnings came from recurring revenues, and free cash flow was converted at 105% of adjusted net earnings.
Assets under management (AUM) stood at $108.2 billion as of December 31, 2025, representing a 9% increase from December 31, 2024.

Feb 13, 2026, 12:00 PM

6-K

Colliers International Group Inc. Reports Strong Q4 and Full Year 2025 Results

CIGI

Earnings

Guidance Update

M&A

Colliers International Group Inc. reported full year 2025 revenues of $5.56 billion, up 15% from the prior year, and Adjusted EPS of $6.58, an increase of 14%.
For the fourth quarter ended December 31, 2025, revenues were $1.61 billion, up 7%, and Adjusted EPS was $2.34, an increase of 4% over the prior year quarter.
The company's Assets Under Management (AUM) grew 9% to $108.2 billion as of December 31, 2025.
Colliers anticipates mid teens growth in revenues, Adjusted EBITDA, and Adjusted EPS during 2026, and recently agreed to acquire Ayesa Engineering.

Feb 13, 2026, 12:00 PM

Press Release

Colliers Acquires California-Based Transit Engineering Firm

CIGI

M&A

New Projects/Investments

Colliers' U.S. Engineering segment has acquired Ramos Consulting Services, Inc., a California-based provider of program management, construction management, and engineering services for major public transit projects.
This acquisition is expected to enhance Colliers Engineering’s capabilities in one of the most active transit markets in the United States.
Ramos CS, founded in 2008, employs 50 professionals and has supported over $20 billion in capital programs.
The senior leadership team of Ramos CS will continue to lead the transit business in California and become significant shareholders in Colliers Engineering; the terms of the transaction were not disclosed.

Feb 4, 2026, 12:00 PM

Press Release

Colliers to acquire Ayesa Engineering

CIGI

M&A

New Projects/Investments

Colliers (CIGI) has entered into a definitive agreement to acquire Ayesa Engineering for approximately US$700 million in cash.
Ayesa Engineering, a multidiscipline engineering and project management firm headquartered in Seville, Spain, generated approximately US$370 million in gross revenues in 2025.
The acquisition is expected to close in the second quarter of 2026 and will expand Colliers' global engineering segment, operating in 23 countries with nearly 14,000 professionals.

Feb 3, 2026, 12:15 PM

6-K

Colliers to Acquire Ayesa Engineering

CIGI

M&A

New Projects/Investments

Colliers (CIGI) has entered into a definitive agreement to acquire Ayesa Engineering S.A.U., a leading multidiscipline engineering and project management firm.
The acquisition is valued at approximately US$700 million in cash and is expected to close in the second quarter of 2026.
Ayesa Engineering generated approximately US$370 million in gross revenues in 2025 and employs more than 3,200 professionals across 21 countries.
This strategic move will solidify Colliers’ Engineering segment, expanding its global presence to 23 countries with nearly 14,000 professionals.