CBRE · 10-Q · 2026Q3 · Full report

Interest Expense Increase

CBRE GROUP, INC. · 2026-10-22 · Importance 45 · Surprise 40 · Matches filing data

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, partially offset by net investment hedging activity. In the third quarter, net interest expense increased 24.0% year over year, also primarily due to the senior notes issuance and partly offset by hedging activity.

Key facts

• At September 30, 2026, CBRE had $1.2 billion outstanding under its commercial paper program at a weighted-average annual interest rate of 4.09%. source
• At September 30, 2026, CBRE had $1.2 billion of commercial paper outstanding with a 4.09% weighted-average annual interest rate. source
• CBRE third-quarter net interest expense increased 24.0%, primarily attributable to issuing $1.5 billion in senior notes, partly offset by net investment hedging activity. source
• CBRE net interest expense increased 13.8% in the first nine months of 2026, primarily due to issuing $1.5 billion in senior notes, partly offset by net investment hedging activity. source

Impact estimates