CBRE · Earnings call · 2026Q3T · Full report

Guidance and Outlook

CBRE GROUP, INC. · 2026-10-22 · Importance 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 real-estate-capital-markets-driven businesses; Advisory growth is expected to moderate, while Investment Management is expected to be roughly flat. The 2027 outlook includes the Onnec acquisition and likely additional M&A, as well as potential development-asset monetizations, including data-center land sales, for which outcomes can vary widely.

Key facts

• CBRE said its path to 15% core EPS growth in 2027 includes the benefit from the Onnec acquisition and likely includes additional M&A.
• CBRE said it continued to see a path to 15% core EPS growth in 2027.
• CBRE maintains 2026 core EPS guidance of $7.80 to $7.90, representing 23% growth at the midpoint.
• CBRE expects BOE and Project Management to grow consistently with their historical growth rates.