CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. It operates through Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting. The Global Workplace Solutions segment offers facilities management, project management, and transaction management services. The Real Estate Investments segment provides investment management services under the CBRE Global Investors brand to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors; development services under the Trammell Crow Company brand primarily to users of and investors in commercial real estate; and flexible-space solutions under the CBRE Hana brand, which includes office suites, conference rooms and event space, and communal co-working space for institutional property owners. It also develops residential-led and mixed-use sites in London under the Telford Homes brand. The company was founded in 1906 and is headquartered in Dallas, Texas.
IPO Year:
Exchange: NYSE
Website: cbre.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/26/2024 | $100.00 → $123.00 | In-line → Outperform | Evercore ISI |
| 7/25/2024 | $105.00 | Equal-Weight | Morgan Stanley |
| 4/10/2024 | $107.00 | Hold | Jefferies |
| 1/3/2024 | $79.00 → $96.00 | Outperform → In-line | Evercore ISI |
| 1/27/2023 | $100.00 | Buy | Citigroup |
| 1/27/2023 | $88.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 7/22/2022 | $122.00 → $110.00 | Outperform → Strong Buy | Raymond James |
| 4/5/2022 | $111.00 | Buy | Goldman |
| 3/10/2022 | $171.00 → $116.00 | Outperform | Wolfe Research |
| 2/25/2022 | $124.00 → $126.00 | Outperform | Raymond James |
4 - CBRE GROUP, INC. (0001138118) (Issuer)
Keefe, Bruyette & Woods analyst Jade Rahmani maintains CBRE Group (NYSE:CBRE) with a Market Perform and raises the price target from $100 to $110.
Now expect slightly over $1 billion of free cash flow for the full year Increased full-year Core EPS outlook to a range of $4.70 to $4.90 – up from $4.25 to $4.65
CBRE Group (NYSE:CBRE) reported quarterly earnings of $0.81 per share which beat the analyst consensus estimate of $0.76 by 6.58 percent. This is a 1.22 percent decrease over earnings of $0.82 per share from the same period last year. The company reported quarterly sales of $8.391 billion which beat the analyst consensus estimate of $8.313 billion by 0.94 percent. This is a 8.69 percent increase over sales of $7.720 billion the same period last year.
The delinquency rate for U.S. office loans rose in June as vacancies grew due to the post-pandemic work-from-home trend and persistently high interest rates, according to a report from Fitch Ratings. The rate of delinquencies, or late payments, on loans behind commercial mortgage-backed securities (CMBS) rose to 2.45% in June from 2.42% in May, according to the report released on Friday. The volume of 30-day delinquencies increased to $1.92 billion from $1.86 billion over the same period. The volume of 30-day delinquencies increased to $1.92 billion in June from $1.86 billion in May, increasing the 30-day delinquency rate to 0.35% in June from 0.34% in May. Office loans represented the
CBRE Group's (NYSE:CBRE) short percent of float has risen 18.91% since its last report. The company recently reported that it has 6.17 million shares sold short, which is 2.39% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.54 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
UBS analyst Alex Kramm maintains CBRE Group (NYSE:CBRE) with a Neutral and lowers the price target from $100 to $95.
Gateway Fiber has announced President Chris Surdo will become CEO and expand his leadership responsibilities as current CEO Heath Sellenriek has chosen to step down but will remain involved as an Independent Director on the Board of Directors. Sellenriek has been at the helm since he co-founded the company in 2019 and will continue to support the company's forward movement in his new capacity. In his announcement to Gateway Fiber team members, Sellenriek said, "This transition is a planned and thoughtful step in our journey. It ensures that the company remains on a steady course, aligned with our relentless focus on our customers, our communities, and our people." Surdo joined Gateway Fib
The Board of Trustees of the CBRE Global Real Estate Income Fund (NYSE:IGR) announced today that Peter F. Finnerty has been appointed to the Board and joins as an independent Trustee effective July 31, 2024. "We welcome Peter to the Board and feel his expertise and background are very relevant and complementary to our other Board members," commented Ritson Ferguson, Chairperson of IGR's Board. "He has extensive relevant experience and perspective on strong governance practices within the investment management business which will benefit our shareholders." Mr. Finnerty is a uniquely experienced mutual funds industry leader with extensive financial reporting, operational and risk manageme
CBRE Group, Inc. (NYSE:CBRE) today announced that Gunjan Soni, a senior executive with deep technology and international business experience, has been appointed to the company's Board of Directors, effective July 15. Ms. Soni is chief executive officer of Zalora, the leading fashion e-commerce platform in Southeast Asia, and chief operating officer of its parent Global Fashion Group (GFG). "Gunjan brings a strong combination of technological enablement expertise and international business experience to our Board," said Bob Sulentic, CBRE's chair and chief executive officer. "Her background will be invaluable as digital enablement plays an increasingly key role in driving real estate sol
BUCHAREST, Romania, June 25, 2024 /PRNewswire/ -- Real estate investor-developer HAGAG Development Europe (TASE: HGGE) and leading real estate consulting agency CBRE Romania have recently signed an exclusive agreement destined to place Romania on the map of luxury shopping destinations. Romania's luxury goods market is estimated to generate revenues of EUR 535.82 million in 2024, with a significant contribution from online sales (13.8%). The demand for luxury goods is on the rise, fuelled by an increasingly wealthier[1] population. In this context, HAGAG Development Europe is delighted to announce the exclusive involvement of CBRE Romania in the leasing strategy of H Știrbei Palace - a clas
CBRE Group, Inc. (NYSE:CBRE) today announced that Chandni Luthra will join the company on June 3 as Executive Vice President with responsibility for Investor Relations and Financial Planning & Analysis. Ms. Luthra will join CBRE from Goldman Sachs & Company, where she has worked as an equity research analyst for nearly 15 years and most recently led research coverage of 15 commercial real estate companies, including CBRE. "Chandni's deep knowledge of our sector and sharp analytical skills will help us enhance our company knowledge platform and deliver powerful messages about our strategy to the public markets. She will be a well-informed and highly engaged business partner for our leade
CBRE Group, Inc. (NYSE:CBRE) today announced that Guy A. Metcalfe has been appointed to the company's Board of Directors, effective February 26, 2024. Mr. Metcalfe was a Managing Director and member of Morgan Stanley's investment banking executive committee and led its real estate investment banking business for over two decades before retiring as Global Chairman on January 31, 2024. In more than 30 years at Morgan Stanley, Mr. Metcalfe advised clients on over $850 billion of transactions. He has served as a trusted strategic advisor to CBRE and helped to consummate notable capital-raising, mergers and acquisitions and capital markets transactions for the company. In addition, Mr. Met
Shira Goodman Appointed Lead Independent Director CBRE Group, Inc. (NYSE:CBRE) today announced that its Board of Directors has appointed Chief Executive Officer Robert Sulentic to the additional role of Chair of the Board of Directors, effective immediately. Mr. Sulentic, who has served as President and CEO of CBRE since December 2012, succeeds Brandon Boze, who has served as Chair since May 2018 and will remain on the Board. Shira Goodman, former Chief Executive Officer of Staples, Inc. and a Director since May 2019, has been appointed Lead Independent Director. Mr. Sulentic has partnered closely with Mr. Boze as Board Chair over the past five-plus years to drive strategic, operation
CBRE Group, Inc. (NYSE:CBRE) today announced that its Board of Directors has approved an expanded authorization for the repurchase of up to an additional $5 billion of shares. The expanded authorization is in addition to the existing $4 billion stock repurchase authorization, which had approximately $1.4 billion remaining as of September 30, 2024. "Share repurchases are a key part of our capital allocation strategy. The expanded authorization is particularly timely given that we believe our shares' current valuation understates our long-term growth prospects," said Emma Giamartino, chief financial officer of CBRE. "We ended the third quarter in exceptionally strong financial position
NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE:MEGI) today announced the Fund's monthly distributions for November 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is The Fund's current annualized distribution rate is 11.14% based upon the closing price of $13.46 on November 12, 2024, and 10.11% based upon the Fund's closing NAV of $14.83 as of the same date. Dividend Distribution Schedule: Ex-Dividend Date Record Date Payable Date November 11-25-2024 11-25-2024 11-29-2024 The amounts and sources of distributions reported in this Notice are only estimates and are not being pr
Proceeds to Support Growth of Accelerate's Leading Real Estate Under Critical Infrastructure Acquisition Strategy Accelerate Infrastructure Opportunities (Accelerate) today announced a $780 million capital raise comprised of a $630 million equity commitment from funds and co-investors managed by CBRE Investment Management (CBRE IM) and a $150 million inaugural asset-backed securitization. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241029189842/en/Accelerate invests in real estate under digital, renewable, and transportation infrastructure that powers a connected, sustainable, and on-time economy. (Photo: Business Wire) Accel
CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the third quarter ended September 30, 2024. Key Highlights: GAAP EPS up 20% to $0.73; Core EPS up 67% to $1.20 Revenue up 15%; net revenue up 20% Resilient Business(1) net revenue increased 18%, anchored by Turner & Townsend Global leasing revenue surged 19%, supported by a 24% increase in the United States Global property sales revenue increased for the first time in eight quarters; 20% growth in the United Sates was driven by multifamily and retail assets Net cash flow from operations improved to $573 million and free cash flow to $494 million – the fourth consecutive quarter of improvement. Free cash flow incr
NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE:MEGI) today announced the Fund's monthly distributions for October 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 10.64% based upon the closing price of $14.10 on October 10, 2024, and 9.62% based upon the Fund's closing NAV of $15.60 as of the same date. Dividend Distribution Schedule: Ex-Dividend Date Record Date Payable Date October 10-24-2024 10-24-2024 10-31-2024 The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts
The Board of Trustees of the CBRE Global Real Estate Income Fund (NYSE:IGR) (the "Fund") has declared three distributions of $0.06 per share for the months of October, November and December 2024 ($0.18 per share in total). The following dates apply: Declaration Date Ex-Dividend Date Record Date Payable Date October 2024 10-10-2024 10-21-2024 10-21-2024 10-31-2024 November 2024 10-10-2024 11-20-2024 11-20-2024 11-29-2024 December 2024 10-10-2024 12-20-2024 12-20-2024 12-31-2024 The portfolio management team will host a webinar on Thursday, October 24, 2024 at 4:00 p.m. ET. During the webi
CBRE Group, Inc. (NYSE:CBRE) has been named to 3BL's annual 100 Best Corporate Citizens ranking for the sixth consecutive year. CBRE advanced 24 spots to rank No. 45 overall and was the only real estate services company to earn a place among the top 100. The 100 Best Corporate Citizens recognizes outstanding environmental, social and governance (ESG) transparency and performance among the 1,000 largest U.S. public companies. The ranking is based on more than 200 factors in seven pillars: climate change, employee relations, environment, stakeholders and society, human rights, governance, and overall performance adjusters. CBRE maintained a strong score on climate change while demonstrating
NYLI CBRE Global Infrastructure Term Fund (NYSE:MEGI) announced today the final certified voting results of the fund's 2024 Annual Meeting of Shareholders (the "Annual Meeting") where a dissident shareholder had proposed a trustee nominee. The certified final results of the Annual Meeting confirm that the incumbent Board members of the fund will remain in place. Shareholders also ratified the selection of KPMG LLP as the fund's independent registered public accounting firm for the fiscal year ending May 31, 2025, at the Annual Meeting. The Annual Meeting reached quorum and was held on September 27, 2024. The final voting results have been certified by First Coast Results, Inc., the indepe
CBRE Group, Inc. (NYSE:CBRE) will release its third quarter 2024 financial results at approximately 6:55 a.m. Eastern time on Thursday, October 24, 2024. Management will hold a conference call to discuss these results at 8:30 a.m. Eastern time on that same day (Thursday, October 24, 2024). The event will be webcast live and accessible through the Investor Relations section of the company's website at www.cbre.com, along with a supplemental slide presentation, which is also available on that section of the website. The conference call dial-in details are as follows: Live U.S.: 877.407.8037 International: +1 201.689.8037 Pass Code: None Required
NEW YORK, Sept. 16, 2024 /PRNewswire/ -- NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE:MEGI) today announced the Fund's monthly distributions for September 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 10.43% based upon the closing price of $14.38 on September 12, 2024, and 9.41% based upon the Fund's closing NAV of $15.94 as of the same date. Dividend Distribution Schedule: Ex-Dividend Date Record Date Payable Date September 9-26-2024 9-26-2024 9-30-2024 The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and source
4 - CBRE GROUP, INC. (0001138118) (Issuer)
4 - CBRE GROUP, INC. (0001138118) (Issuer)
4 - CBRE GROUP, INC. (0001138118) (Issuer)
4 - CBRE GROUP, INC. (0001138118) (Issuer)
4 - CBRE GROUP, INC. (0001138118) (Issuer)
4 - CBRE GROUP, INC. (0001138118) (Issuer)
4 - CBRE GROUP, INC. (0001138118) (Issuer)
4 - CBRE GROUP, INC. (0001138118) (Issuer)
4 - CBRE GROUP, INC. (0001138118) (Issuer)
4 - CBRE GROUP, INC. (0001138118) (Issuer)
8-K - CBRE GROUP, INC. (0001138118) (Filer)
10-Q - CBRE GROUP, INC. (0001138118) (Filer)
8-K - CBRE GROUP, INC. (0001138118) (Filer)
144 - CBRE GROUP, INC. (0001138118) (Subject)
10-Q - CBRE GROUP, INC. (0001138118) (Filer)
8-K - CBRE GROUP, INC. (0001138118) (Filer)
8-K - CBRE GROUP, INC. (0001138118) (Filer)
8-K - CBRE GROUP, INC. (0001138118) (Filer)
11-K - CBRE GROUP, INC. (0001138118) (Filer)
8-K - CBRE GROUP, INC. (0001138118) (Filer)
NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE:MEGI) today announced the Fund's monthly distributions for November 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is The Fund's current annualized distribution rate is 11.14% based upon the closing price of $13.46 on November 12, 2024, and 10.11% based upon the Fund's closing NAV of $14.83 as of the same date. Dividend Distribution Schedule: Ex-Dividend Date Record Date Payable Date November 11-25-2024 11-25-2024 11-29-2024 The amounts and sources of distributions reported in this Notice are only estimates and are not being pr
Proceeds to Support Growth of Accelerate's Leading Real Estate Under Critical Infrastructure Acquisition Strategy Accelerate Infrastructure Opportunities (Accelerate) today announced a $780 million capital raise comprised of a $630 million equity commitment from funds and co-investors managed by CBRE Investment Management (CBRE IM) and a $150 million inaugural asset-backed securitization. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241029189842/en/Accelerate invests in real estate under digital, renewable, and transportation infrastructure that powers a connected, sustainable, and on-time economy. (Photo: Business Wire) Accel
CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the third quarter ended September 30, 2024. Key Highlights: GAAP EPS up 20% to $0.73; Core EPS up 67% to $1.20 Revenue up 15%; net revenue up 20% Resilient Business(1) net revenue increased 18%, anchored by Turner & Townsend Global leasing revenue surged 19%, supported by a 24% increase in the United States Global property sales revenue increased for the first time in eight quarters; 20% growth in the United Sates was driven by multifamily and retail assets Net cash flow from operations improved to $573 million and free cash flow to $494 million – the fourth consecutive quarter of improvement. Free cash flow incr
NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE:MEGI) today announced the Fund's monthly distributions for October 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 10.64% based upon the closing price of $14.10 on October 10, 2024, and 9.62% based upon the Fund's closing NAV of $15.60 as of the same date. Dividend Distribution Schedule: Ex-Dividend Date Record Date Payable Date October 10-24-2024 10-24-2024 10-31-2024 The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts
CBRE Group, Inc. (NYSE:CBRE) will release its third quarter 2024 financial results at approximately 6:55 a.m. Eastern time on Thursday, October 24, 2024. Management will hold a conference call to discuss these results at 8:30 a.m. Eastern time on that same day (Thursday, October 24, 2024). The event will be webcast live and accessible through the Investor Relations section of the company's website at www.cbre.com, along with a supplemental slide presentation, which is also available on that section of the website. The conference call dial-in details are as follows: Live U.S.: 877.407.8037 International: +1 201.689.8037 Pass Code: None Required
NEW YORK, Sept. 16, 2024 /PRNewswire/ -- NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE:MEGI) today announced the Fund's monthly distributions for September 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 10.43% based upon the closing price of $14.38 on September 12, 2024, and 9.41% based upon the Fund's closing NAV of $15.94 as of the same date. Dividend Distribution Schedule: Ex-Dividend Date Record Date Payable Date September 9-26-2024 9-26-2024 9-30-2024 The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and source
NEW YORK, Aug. 14, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE:MEGI) today announced the Fund's monthly distributions for August 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.30% based upon the closing price of $13.27 on August 13, 2024, and 10.09% based upon the Fund's closing NAV of $14.87 as of the same date. Dividend Distribution Schedule: Ex-Dividend Date Record Date Payable Date August 8-26-2024 8-26-2024 8-30-2024 The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of
Second quarter net sales of $1.942 billion increased 3.9% and 5.6% on a constant currency1 basisSecond quarter diluted earnings per share were $1.18; adjusted1 diluted earnings per share were $2.01The Company updates 2024 reported revenue guidance due to currency expectations and reaffirms 2024 constant currency revenue growth and adjusted1 earnings per share financial guidanceWARSAW, Ind., Aug. 7, 2024 /PRNewswire/ -- Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH) today reported financial results for the quarter ended June 30, 2024. The Company reported second quarter net sales of $1.942 billion, an increase of 3.9% over the prior year period, and an increase of 5.6% on a constant curren
CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the second quarter ended June 30, 2024. Key Highlights: Revenue up 9%; net revenue up 11% Resilient Business(1) net revenue increased 14%, bolstered by Turner & Townsend's 18% growth Advisory transaction revenue - leasing and capital markets - rose 5%, supported by growth of 13% in U.S. leasing revenue and 20% in mortgage origination fees GAAP EPS down 34% to $0.42; Core EPS down 2% to $0.81 Deployed $1.3 billion of capital year-to-date across M&A and REI co-investments Both net cash flow from operations and free cash flow improved by approximately $300 million; free cash flow conversion was nearly 90%
NEW YORK, July 15, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE:MEGI) today announced the Fund's monthly distributions for July 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.39% based upon the closing price of $13.17 on July 11, 2024, and 10.11% based upon the Fund's closing NAV of $14.83 as of the same date. Dividend Distribution Schedule: Ex-Dividend Date Record Date Payable Date July 7-25-2024 7-25-2024 7-31-2024 The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts
SC 13G/A - CBRE GROUP, INC. (0001138118) (Subject)
SC 13G - CBRE GROUP, INC. (0001138118) (Subject)
SC 13G/A - CBRE GROUP, INC. (0001138118) (Subject)
SC 13G/A - CBRE GROUP, INC. (0001138118) (Subject)
SC 13G/A - CBRE GROUP, INC. (0001138118) (Subject)
SC 13G/A - CBRE GROUP, INC. (0001138118) (Subject)
Evercore ISI upgraded CBRE Group from In-line to Outperform and set a new price target of $123.00 from $100.00 previously
Morgan Stanley initiated coverage of CBRE Group with a rating of Equal-Weight and set a new price target of $105.00
Jefferies initiated coverage of CBRE Group with a rating of Hold and set a new price target of $107.00
Evercore ISI downgraded CBRE Group from Outperform to In-line and set a new price target of $96.00 from $79.00 previously
Citigroup initiated coverage of CBRE Group with a rating of Buy and set a new price target of $100.00
Keefe Bruyette downgraded CBRE Group from Outperform to Mkt Perform and set a new price target of $88.00
Raymond James upgraded CBRE Group from Outperform to Strong Buy and set a new price target of $110.00 from $122.00 previously
Goldman initiated coverage of CBRE Group with a rating of Buy and set a new price target of $111.00
Wolfe Research reiterated coverage of CBRE Group with a rating of Outperform and set a new price target of $116.00 from $171.00 previously
Raymond James reiterated coverage of CBRE Group with a rating of Outperform and set a new price target of $126.00 from $124.00 previously