CBRE · Real Estate

CBRE GROUP, INC.

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: everything published this earnings window

News · 2026-11-12

• Outsourced Real Estate Services DemandImportance 17 · Surprise 24
  Zacks reported that demand for outsourced real estate services is growing, creating opportunities for CBRE and other real estate operations firms. The coverage also cited investment in AI and data-driven technologies…

News · 2026-11-11

• Outsourced Real Estate Services DemandImportance 17 · Surprise 24
  Zacks reported that demand for outsourced real estate services is growing, creating opportunities for CBRE and other real estate operations firms. The coverage also cited investment in AI and data-driven technologies…

News · 2026-11-10

• Outsourced Real Estate Services DemandImportance 17 · Surprise 24
  Zacks reported that demand for outsourced real estate services is growing, creating opportunities for CBRE and other real estate operations firms. The coverage also cited investment in AI and data-driven technologies…

News · 2026-11-09

• Outsourced Real Estate Services DemandImportance 17 · Surprise 24
  Zacks reported that demand for outsourced real estate services is growing, creating opportunities for CBRE and other real estate operations firms. The coverage also cited investment in AI and data-driven technologies…

News · 2026-10-28

• Senior Notes IssuanceImportance 46 · Surprise 42
  CBRE priced a $1 billion senior notes offering consisting of $500 million of notes due 2032 and $500 million due 2037. The 2032 notes carry a 5.650% annual interest rate and were priced at 99.424% of face value; the…

News · 2026-10-27

• Acquisition / Partnership / DivestitureImportance 49 · Surprise 42
  CBRE plans to acquire UK-based infrastructure services company Onnec for £460 million. The reported strategic rationale is to expand CBRE’s infrastructure services business. CBRE forecasts approximately $4.5 billion in…
• Senior Notes IssuanceImportance 46 · Surprise 42
  CBRE priced a $1 billion senior notes offering consisting of $500 million of notes due 2032 and $500 million due 2037. The 2032 notes carry a 5.650% annual interest rate and were priced at 99.424% of face value; the…
• Free Cash FlowImportance 32 · Surprise 24
  CBRE reported approximately $1.8 billion in trailing free cash flow in a third-party weekly recap of its Q3 results. The recap also reported core EPS of $2.05. It did not specify the free-cash-flow measurement period…

News · 2026-10-24

• Q3 Revenue Performance and MixImportance 56 · Surprise 46
  CBRE reported third-quarter 2026 revenue of $11.5 billion, up 13% year over year, while revenue of approximately $11.52 billion missed the $11.79 billion consensus estimate. Core earnings rose 28% to $2.05 per share,…

News · 2026-10-23

• Acquisitions and PartnershipsImportance 52 · Surprise 42
  CBRE agreed to acquire Onnec Group Limited, a data center infrastructure services provider serving technology companies in Europe and Asia Pacific. The initial cash purchase price is £460 million (approximately $610…
• Advisory and Leasing DemandImportance 36 · Surprise 40
  CBRE's third-quarter Advisory Services revenue rose 11% year over year to $2.44 billion, supported by strong property sales. Global leasing revenue increased 6%, with EMEA up 21%, driven by strength in the U.K.; U.S.…
• Q3 Revenue Performance and MixImportance 35 · Surprise 22
  CBRE reported Q3 2026 revenue of $11.52 billion, up 12.7% year over year but 2.2% below the $11.77 billion consensus estimate. Core EPS rose 28.1% to $2.05, while Advisory Services revenue increased 11% to $2.44…
• Guidance / OutlookImportance 17 · Surprise 24
  Morningstar reported that CBRE maintained its 2026 EPS guidance following its third-quarter results. The report also said growth forecasts for CBRE’s two largest segments were lowered, making the medium-term outlook…

10-Q · 2026-10-22

• Debt and Liquidity PositionImportance 72 · Surprise 74
  At September 30, 2026, CBRE had $1.7 billion of cash and cash equivalents, $3.3 billion of available revolving-credit borrowings, and $1.2 billion of commercial-paper borrowings; the commercial-paper balance was $852…
• Share Repurchase ProgramImportance 60 · Surprise 42
  The Board’s authorization totals $9.0 billion after adding $5.0 billion to the existing $4.0 billion program, and the program runs through December 31, 2029. CBRE repurchased 1,521,085 shares for $217 million at an…
• Critical Infrastructure DemandImportance 60 · Surprise 40
  BOE revenue grew 17.4% in the third quarter, primarily on strong critical infrastructure and facilities management growth. Critical infrastructure work expanded with CBRE’s data center services business and included a…
• Revenue Performance and MixImportance 54 · Surprise 40
  For the nine months ended September 30, 2026, consolidated revenue increased 15.5% to $33.270 billion from $28.813 billion, while third-quarter revenue increased 12.7% to $11.517 billion from $10.221 billion.…
• Facilities Management Revenue GrowthImportance 54 · Surprise 40
  Building Operations & Experience facilities management revenue was $5,401 million for the three months ended September 30, 2026, compared with $4,771 million in the prior-year quarter, an increase of 13.2%. This…
• Advisory Leasing and SalesImportance 54 · Surprise 48
  Third-quarter Advisory Services revenue increased 11.0%, with global leasing revenue up 6.0%, led by industrial and data center sectors. EMEA leasing grew 21.2%, while U.S. leasing grew 3.9%; property sales revenue…
• Gross Margin DriversImportance 50 · Surprise 40
  For the nine months ended September 30, 2026, cost of revenue excluding pass-through costs increased 17.8%, faster than revenue growth of 15.5%, and rose to 40.4% of revenue from 39.6%. Management attributed the…
• Project Management ActivityImportance 49 · Surprise 40
  Project Management revenue increased 2.9% in the third quarter, reflecting strong real estate project gains in North America and infrastructure activity in the United Kingdom, partly offset by headwinds in the Middle…
• Operating Expense TrendsImportance 47 · Surprise 22
  Consolidated operating, administrative and other expenses increased 20.2% to $4.560 billion for the nine months ended September 30, 2026, and rose to 13.7% of revenue from 13.2%. The increase primarily reflected a…
• Geographic Revenue PerformanceImportance 47 · Surprise 22
  For the nine months ended September 30, 2026, revenue performed in the United States increased to $18.946 billion from $16.323 billion, an increase of approximately 16.1%. United Kingdom revenue increased to $4.592…
• Acquisitions and DivestituresImportance 46 · Surprise 42
  On November 4, 2025, CBRE acquired an ownership interest in Pearce Services, LLC, which provides advanced technical services for digital and power infrastructure and is part of the Building Operations & Experience…
• Quarterly Earnings and EPSImportance 46 · Surprise 56
  Diluted income per share attributable to CBRE Group, Inc. stockholders was $1.52 for the three months ended September 30, 2026, versus $1.21 in the comparable 2025 quarter, an increase of approximately 25.6%. For the…
• Telford Fire Safety RemediationImportance 46 · Surprise 42
  CBRE reported an estimated liability for fire safety remediation at buildings historically developed by its U.K. subsidiary, Telford Homes, and said the estimate increased from year-end 2025 as the scope and cost of…
• Operating Cash Flow TrendsImportance 46 · Surprise 56
  Net cash provided by operating activities was $182 million for the nine months ended September 30, 2026, down from $338 million in the same 2025 period. The decrease reflected net working-capital outflows, primarily…
• Interest Expense IncreaseImportance 45 · Surprise 40
  Net interest expense increased 13.8% for the nine months ended September 30, 2026, compared with the prior-year period. The increase was primarily attributable to CBRE’s issuance of $1.5 billion in senior notes,…
• Income Tax Rate ChangesImportance 44 · Surprise 46
  CBRE’s effective tax rate increased to 22.5% for the nine months ended September 30, 2026, from 19.7% in the prior-year period. Income tax provision rose $108 million to $311 million, primarily because of higher…
• Capital Expenditure ProgramImportance 44 · Surprise 24
  CBRE incurred $321 million of capital expenditures during the nine months ended September 30, 2026. The company anticipated approximately $500 million of capital expenditures, net of tenant concessions, for 2026. As of…
• Segment Revenue PerformanceImportance 43 · Surprise 32
  Revenue for the nine months ended September 30, 2026 decreased 9.7%, primarily because development services management fees were lower, partly offset by increased investment management revenue. Cost of revenue declined…
• Market Demand TrendsImportance 29 · Surprise 24
  CBRE reported continued recovery in commercial real estate, with third-quarter leasing volumes notably strong in the U.K. but U.S. leasing growth muted against a tougher year-earlier comparison. Global investment sales…
• Corporate Operating ExpensesImportance 29 · Surprise 22
  Core Corporate operating, administrative and other expenses increased 10.4% to $201 million in the third quarter of 2026, primarily because management incentive compensation was higher in connection with strong…
• Interest Rate EnvironmentImportance 25 · Surprise 32
  CBRE said the commercial real estate market recovery continued, with third-quarter leasing volumes notably strong in the U.K. but U.S. growth muted. Global investment sales activity remained strong, particularly in the…
• Asset Management GrowthImportance 20 · Surprise 24
  Assets under management (AUM) were $155.5 billion at September 30, 2026, unchanged from December 31, 2025. During the first nine months of 2026, inflows of $9.4 billion were offset by outflows of $10.9 billion, while…

Earnings call · 2026-10-22

• Infrastructure Services ExpansionImportance 80 · Surprise 56
  CBRE expects Critical Infrastructure Services revenue to reach nearly $4.5 billion in 2027 and total infrastructure-services revenue to reach nearly $7 billion, more than 40% above 2026. The Critical Infrastructure…
• Infrastructure Services GrowthImportance 79 · Surprise 64
  Critical Infrastructure Services revenue increased 80% in the third quarter, driven by hyperscaler demand for data-center services and contributions from the Pearce acquisition. CBRE expects Critical Infrastructure…
• Infrastructure Services DemandImportance 79 · Surprise 64
  Management expects outsized growth in infrastructure services, with total infrastructure services revenue expected to reach nearly $7 billion in 2027, more than 40% above 2026. Critical Infrastructure Services,…
• Development Portfolio GainsImportance 77 · Surprise 82
  Real Estate Investments operating profit increased to $166 million from $73 million in the prior-year quarter, reflecting data-center land sales and monetization of other assets. CBRE estimated about $800 million of…
• Revenue Guidance and OutlookImportance 69 · Surprise 48
  CBRE maintained its 2026 core EPS guidance of $7.80 to $7.90, representing 23% growth at the midpoint. Management said it continues to see a path to 15% core EPS growth in 2027, with outsized infrastructure growth…
• Acquisition / Partnership / DivestitureImportance 58 · Surprise 42
  CBRE agreed to acquire Onnec, a data-center technical-services business, with closing expected around year-end 2026. Management said Onnec expands white-space technical-services and project capabilities in Malaysia,…
• Guidance and OutlookImportance 58 · Surprise 40
  CBRE maintained its 2026 core EPS guidance of $7.80 to $7.90 and said it sees a path to 15% core EPS growth in 2027. Management expects infrastructure businesses to continue growing outsized, partly offset by slower…
• Segment ProfitabilityImportance 51 · Surprise 64
  Advisory SOP grew 16% and BOE SOP grew 21% in the quarter. Project Management SOP increased 9%, despite a client-default-related one-time cost in APAC that reduced growth by 6 percentage points; management said SOP…
• Free Cash Flow and LeverageImportance 47 · Surprise 6
  Trailing-12-month free cash flow totaled $1.8 billion. CBRE remained on track to achieve full-year free-cash-flow conversion of 75% to 85% and expected to end 2026 with slightly above one turn of net leverage.…
• Revenue Performance and MixImportance 41 · Surprise 22
  CBRE reported third-quarter revenue growth of 13% and core EPS growth of 28%, with both resilient and transactional businesses growing at double-digit rates. Advisory Services revenue rose 11%, Building Operations and…
• Geographic Leasing and Sales TrendsImportance 41 · Surprise 48
  Global leasing revenue grew 6%, with EMEA up 21%, led by the U.K.; APAC grew 2%, supported by India and the Pacific and offset by North Asia softness; and U.S. leasing rose 4%. U.S. industrial leasing increased 16%,…
• Headcount / RestructuringImportance 40 · Surprise 42
  CBRE identified two problematic enterprise-facilities-management accounts whose contract structures did not work with the required service delivery. Management said it was restructuring the accounts and that the work…
• Capital Markets Demand TrendsImportance 38 · Surprise 24
  Management said higher cap rates and interest-rate uncertainty are causing deals under contract to be retraded, prospective transactions not to proceed, and some sellers to refinance rather than sell. CBRE saw a…
• Geographic Revenue PerformanceImportance 36 · Surprise 40
  EMEA leasing revenue grew 21%, with the U.K. a standout; APAC leasing grew 2%, supported by India and the Pacific and offset by North Asia softness. U.S. leasing revenue rose 4%, including 16% growth in industrial…
• Capital AllocationImportance 34 · Surprise 42
  CBRE said it continues to prioritize M&A in businesses benefiting from secular tailwinds, particularly data centers and infrastructure. The company slowed share repurchases in the third quarter in anticipation of the…
• Data Center Demand and Land SalesImportance 26 · Surprise 24
  Management said higher borrowing costs and uncertainty could put pressure on the pace of new data-center construction, although the current buildout remains very large. It is already seeing substantial refitting of…
• Critical Infrastructure CompetitionImportance 26 · Surprise 24
  Management described the data-center technical-services market as highly fragmented and said CBRE has become large relative to most competitors but remains small compared with the overall opportunity. It said the…
• Project Management Demand MixImportance 20 · Surprise 24
  Management reported slower corporate spending on real estate capital projects, citing economic uncertainty, reduced spending on legacy real estate by some large technology clients, and a concentration-related slowdown…
• Interest Rate EnvironmentImportance 20 · Surprise 24
  Management said higher and uncertain interest rates are pressuring real-estate-capital-markets businesses, with cap rates rising, contracted deals being retraded, and some expected sales replaced by refinancings. CBRE…
• Macroeconomic Factors ImpactImportance 20 · Surprise 24
  Management said economic uncertainty is making corporates more cautious and has contributed to slower real-estate capital spending, including in health care, while some large technology clients have shifted spending…

8-K · 2026-10-22

• Income Tax Rate ChangesImportance 33 · Surprise 38
  Q3 2026 provision for income taxes increased 45.6% to $131 million from $90 million, while income before taxes rose 25.7% to $611 million. The implied effective tax rate increased to approximately 21.4% from 18.5% in…
• Development PipelineImportance 32 · Surprise 24
  CBRE’s portfolio of in-process real estate development projects and pipeline ended Q3 2026 at $29.6 billion, unchanged from Q2. Excluding fee development, the portfolio stood at $20.2 billion. Real Estate Development…
• Debt and Liquidity PositionImportance 25 · Surprise 6
  At September 30, 2026, CBRE reported total debt of $6.978 billion and cash and cash equivalents of $1.683 billion, resulting in net debt of $5.295 billion. Net leverage was 1.36x net debt to trailing 12-month core…
• Infrastructure Project DemandImportance 18 · Surprise 14
  Project Management reported continued strong demand for program management and cost consulting services for infrastructure assets. Growth was tempered by a slowdown in corporate capital spending on real estate. The…
• Corporate Real Estate Spending SlowdownImportance 17 · Surprise 24
  CBRE said a slowdown in corporate capital spending on real estate tempered Project Management’s overall growth rate in Q3 2026. The release did not quantify the slowdown’s dollar impact or provide a forward estimate.…