CBRE · Earnings call · 2026Q3T · Full report

Segment Profitability

CBRE GROUP, INC. · 2026-10-22 · Importance 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 growth would have been 15% excluding one written-down project. Real Estate Investments segment operating profit rose to $166 million from $73 million a year earlier, while Investment Management operating profit declined 12%.

Key facts

• CBRE's Project Management SOP grew 15% in Q3 2026 excluding one project write-down.
• CBRE said a couple of problematic enterprise accounts are putting downward pressure on earnings, particularly in Q4 2026.