Colliers International Group (CIGI) Company Report

Colliers International Group Inc. reported revenues of $1,463,098 thousand for the three months ended September 30, 2025, and $3,951,917 thousand for the nine months ended September 30, 2025.
Net earnings attributable to the Company were $42,234 thousand for Q3 2025, with diluted earnings per share of $0.82.
For the nine months ended September 30, 2025, revenues grew by 19% year-over-year, with acquisitions contributing 12% to local currency revenue growth and internally generated revenues up 7%.
The company completed ten acquisitions during the nine months ended September 30, 2025, across Real Estate Services, Engineering, and Investment Management, with a total purchase consideration of $251,433 thousand.
As of September 30, 2025, net indebtedness was $1.63 billion, and the financial leverage ratio stood at 2.3x, well within the maximum permitted 3.5x under debt agreements. The company also had $953.2 million of unused credit under its Revolving Credit Facility.

Nov 10, 2025, 9:30 PM

6-K

Colliers Reports Strong Q3 2025 Results and Maintains Full-Year Outlook

CIGI

Earnings

Guidance Update

M&A

Colliers reported Q3 2025 revenues of $1.46 billion, a 23% year-over-year increase, with Adjusted EBITDA growing 24% to $191 million. Overall internal growth for the quarter was 13%.
The company maintains its full-year consolidated outlook, with real estate services and engineering segments potentially exceeding previous guidance. Assets under management totaled $108.3 billion as of September 30.
Year-to-date fundraising reached $4.4 billion, with a full-year target near the midpoint of $5 billion to $8 billion, and the company holds $9 billion in dry powder.
The leverage ratio stood at 2.3 times as of September 30, with an expectation to decline to just under two times by year-end. Investment management net margin declined slightly to 42.3% due to integration costs, which are expected to continue for 2-3 quarters.

Nov 4, 2025, 4:00 PM

Transcript

Colliers International Reports Strong Q3 2025 Financial Results

CIGI

Earnings

Guidance Update

M&A

Colliers International reported strong Q3 2025 results with revenues of $1.46 billion, a 23% year-over-year increase, and Adjusted EBITDA of $191 million, up 24%.
The Engineering segment's net revenue grew 36%, contributing to over $1.7 billion in annualized revenue, while Real Estate Services revenues increased 13%, driven by a 21% rise in Capital Markets and 14% in Leasing.
Investment Management net revenues increased 5%, with Assets Under Management reaching $108.3 billion as of September 30. The company raised $4.4 billion in capital year-to-date and has $9 billion in dry powder for deployment.
Colliers is maintaining its full-year consolidated outlook, with Real Estate Services and Engineering segments potentially exceeding previous guidance. The leverage ratio stood at 2.3 times as of September 30, with a target to reduce it to just under two times by year-end.

Nov 4, 2025, 4:00 PM

Transcript

Colliers International Reports Strong Q3 2025 Results

CIGI

Earnings

Guidance Update

M&A

Colliers International reported Q3 2025 revenues of $1.46 billion, a 23% increase year over year, and adjusted EBITDA of $191 million, up 24%.
The Engineering segment experienced a 36% increase in net revenue, fueled by acquisitions and 6% internal growth, contributing to its annualized revenue of over $1.7 billion.
Assets under management in the Investment Management segment grew 10% year over year to $108.3 billion as of September 30, 2025, with $9 billion in dry powder available for deployment.
The company is maintaining its full-year consolidated outlook, with real estate services and engineering segments potentially exceeding previous guidance, despite slight underperformance expected in investment management due to integration costs and fundraising timing.

Nov 4, 2025, 4:00 PM

Transcript

Colliers International Group Inc. Reports Strong Third Quarter 2025 Results and Maintains Full-Year Outlook

CIGI

Earnings

Guidance Update

Revenue Acceleration/Inflection

Colliers reported Q3 2025 revenues of $1,463.1 million, an increase of 24% (23% in local currency) compared to the prior year quarter. Adjusted EBITDA was $191.1 million, up 24%, and Adjusted EPS was $1.64, also up 24%.
For the nine months ended September 30, 2025, revenues reached $3,951.9 million, up 19% (19% in local currency), with Adjusted EBITDA of $487.4 million, up 16%, and Adjusted EPS of $4.24, an increase of 23%.
The company experienced solid momentum across all segments, with Engineering revenues growing 54% (53% in local currency) to $488.1 million and a surge in transaction activity in Real Estate Services, which reported revenues of $838.6 million, up 14% (13% in local currency).
Assets under management (AUM) stood at $108.3 billion as of September 30, 2025, marking a 10% increase from December 31, 2024.
Colliers is maintaining its 2025 outlook, anticipating low-teens percentage revenue growth, mid-teens Adjusted EBITDA growth, and mid to high-teens Adjusted EPS growth for the full year.

Nov 4, 2025, 12:00 PM

6-K

Colliers International Group Announces Strong Third Quarter 2025 Results

CIGI

Earnings

Guidance Update

Revenue Acceleration/Inflection

Colliers International Group reported robust third-quarter 2025 financial results, with revenues increasing 24% to $1.46 billion and Adjusted EBITDA growing 24% to $191.1 million compared to the prior year quarter.
Adjusted EPS for Q3 2025 rose 24% to $1.64, contributing to a nine-month Adjusted EPS of $4.24, up 23% from the prior year period.
The company maintained its 2025 outlook, projecting low-teens percentage revenue growth, mid-teens Adjusted EBITDA growth, and mid to high-teens Adjusted EPS growth for the full year.
Segment performance highlights include Engineering revenues surging 54% to $488.1 million in Q3 2025, and Assets Under Management (AUM) reaching $108.3 billion as of September 30, 2025, marking a 10% increase from December 31, 2024.

Nov 4, 2025, 12:00 PM

Press Release

Colliers International Subsidiaries Rockwood Capital and Harrison Street Asset Management Integrate Operations

CIGI

M&A

New Projects/Investments

Rockwood Capital, a private real estate investment firm, has agreed to integrate its operations into Harrison Street Asset Management (HSAM), a global real assets investment management platform. Both entities are subsidiaries of publicly traded Colliers International (NASDAQ: CIGI).
Tyson Skillings and David Becker, Rockwood's Co-Managing Partners, will become Co-Chief Strategy Officers of HSAM, overseeing Rockwood's existing investment vehicles and developing new strategies.
The integration aims to enhance capabilities and resources, with an initial focus on private credit and pursuing US residential credit transactions across various real estate sectors.
HSAM manages over $100 billion in assets across real estate, infrastructure, and credit strategies.

Oct 15, 2025, 1:01 PM

Press Release

Colliers International Group Inc. Reports Strong Q2 2025 Results and Raises Full-Year Outlook

CIGI

Earnings

Guidance Update

M&A

Colliers International Group Inc. reported Q2 2025 consolidated revenues of $1.35 billion, an 18% increase year-over-year, with Adjusted EBITDA up 16% to $180.2 million and Adjusted EPS of $1.72.
The company completed five acquisitions during Q2 2025, primarily in Engineering, and further expanded its Investment Management segment in July 2025 with the acquisition of RoundShield Partners LLP, a European credit investment management firm with $5.4 billion in AUM.
As of June 30, 2025, net indebtedness stood at $1.56 billion, with a financial leverage ratio of 2.3x, well below the maximum of 3.5x permitted under debt agreements, and $1.06 billion of unused credit available under its $2.25 billion Revolving Credit Facility.
Colliers updated its 2025 outlook, now expecting low-teens percentage revenue growth, mid-teens Adjusted EBITDA growth, and mid to high-teens Adjusted EPS growth.

Aug 6, 2025, 12:00 AM

6-K

Colliers International Group Inc. Reports Strong Q2 2025 Results and Raises Full-Year Outlook

CIGI

Earnings

Guidance Update

M&A

Colliers International Group Inc. reported strong second quarter 2025 results, with revenues of $1.3 billion, up 17% year-over-year, and adjusted EBITDA of CAD180 million, a 15% increase.
The company raised its full-year consolidated outlook, reflecting strong year-to-date performance and recent acquisitions, notably Round Shield Partners with $5.4 billion in AUM, which increased total AUM to over $108 billion pro forma.
The engineering segment showed exceptional growth, with net revenue jumping 70% and internal growth of 8%. The investment management division was rebranded to Harrison Street Asset Management, and the company aims for a full-year fundraising target of $5 billion to $8 billion, having already raised $2.7 billion year-to-date.
The leverage ratio was 2.3x as of June 30, with an expectation to decline to just under 2x by year-end, assuming no additional major acquisitions.

Aug 1, 2025, 6:52 PM

Colliers Completes Acquisition of Astris Finance

CIGI

M&A

New Projects/Investments

Colliers (NASDAQ, TSX: CIGI) has completed its previously announced acquisition of a controlling interest in Astris Infrastructure, LLC ("Astris Finance").
Astris Finance is a global investment banking firm specializing in infrastructure and energy transition.
This acquisition significantly expands Colliers' investment banking capabilities and capitalizes on the growing global demand for infrastructure.
Astris Finance has a 25-year track record and is currently working as a mandated financial advisor on a pipeline of 50+ M&A and financing deals representing an aggregate investment of more than US$15 billion.

Jul 25, 2025, 11:30 AM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for Colliers International Group.

Q3 2025

Nov 4, 2025

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Q2 2025

Jul 31, 2025

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