Colliers International Group Inc. provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services. The company provides outsourcing and advisory services that consist of corporate and workplace solutions; property management services comprising building operations and maintenance, facilities management, lease administration, property accounting and financial reporting, contract management and, construction management; project management services, including bid document review, construction monitoring and delivery management, contract administration and integrated cost control, development management, facility and engineering functionality, milestone and performance monitoring, quality assurance, risk management and strategic project consulting; engineering design services for property and building, infrastructure, transportation, environmental and telecommunications end-markets; valuation and advisory services; workplace strategy services; loan servicing; property marketing; and research services. It also offers investment management services comprising asset management advisory and administration, and transaction services. The company was founded in 1972 and is headquartered in Toronto, Canada.
IPO Year:
Exchange: NASDAQ
Website: colliers.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/2/2024 | $150.00 → $160.00 | Strong Buy → Outperform | Raymond James |
5/31/2023 | $128.00 | Outperform | RBC Capital Mkts |
12/12/2022 | Neutral → Buy | Goldman | |
9/27/2022 | $165.00 → $120.00 | Sector Perform | Scotiabank |
7/25/2022 | Outperform → Peer Perform | Wolfe Research | |
4/5/2022 | Neutral | Goldman | |
1/24/2022 | $160.00 → $180.00 | Outperform → Strong Buy | Raymond James |
1/24/2022 | Outperform → Strong Buy | Raymond James | |
12/13/2021 | $85.00 | Outperform | National Bank Financial |
12/13/2021 | $170.00 | Outperform | National Bank Of Canada |
6-K - Colliers International Group Inc. (0000913353) (Filer)
6-K - Colliers International Group Inc. (0000913353) (Filer)
6-K - Colliers International Group Inc. (0000913353) (Filer)
6-K - Colliers International Group Inc. (0000913353) (Filer)
6-K - Colliers International Group Inc. (0000913353) (Filer)
6-K - Colliers International Group Inc. (0000913353) (Filer)
6-K - Colliers International Group Inc. (0000913353) (Filer)
S-8 - Colliers International Group Inc. (0000913353) (Filer)
6-K - Colliers International Group Inc. (0000913353) (Filer)
6-K - Colliers International Group Inc. (0000913353) (Filer)
Solid growth across all service lines and segments Re-aligned operating segments to better reflect value and growth Third quarter and year to date operating highlights: Three months ended Nine months ended September 30 September 30 (in millions of US$, except EPS) 2024 2023 2024 2023 Revenues $ 1,179.1 $ 1,056.0 $ 3,320.4 $ 3,100.0 Adjusted EBITDA (note 1) 15
TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. ((TSX &, NASDAQ:CIGI) ("Colliers" or the "Company") today announced that results for the third quarter ended September 30, 2024, will be issued by press release on November 5, 2024, at approximately 7:00am ET. A conference call to review these results will take place at 11:00am ET on November 5, 2024 and will be hosted by Jay S. Hennick, Global Chairman & CEO, Chris McLernon, CEO, Real Estate Services and Christian Mayer, CFO. The telephone numbers for this call are: Local – Toronto 1-289-819-1520 and Toll Free – NA 1-800-549-8228 with conference ID 21704. The conference call will also be accessible via we
Growth across all service lines and segments Second quarter and year to date operating highlights: Three months ended Six months ended June 30 June 30(in millions of US$, except EPS) 2024 2023 2024 2023 Revenues$1,139.4 $1,078.0 $2,141.3 $2,043.9 Adjusted EBITDA (note 1) 155.6 147.1 264.3 251.7 Adjusted EPS (note 2) 1.36 1.31 2.13 2.16 GAAP operating earnings 114.7 75.3 158.1 97.4 GAAP diluted net earnings (loss) per share 0.73 (0.16) 0.99 (0.61) TORONTO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX:CIGI) ("Colliers" or the "Company") today announced operating and financial results for the second quarter ended June 3
TORONTO, July 11, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. ((TSX &, NASDAQ:CIGI) ("Colliers" or the "Company") today announced that results for the second quarter ended June 30, 2024, will be issued by press release on August 1, 2024, at approximately 7:00am ET. A conference call to review these results will take place at 11:00am ET on August 1, 2024 and will be hosted by Jay S. Hennick, Global Chairman & CEO, Chris McLernon, CEO, Real Estate Services and Christian Mayer, CFO. The telephone numbers for this call are: Local – Toronto 1-416-764-8624 and Toll Free – NA 1-888-259-6580 with conference ID 20917200. The conference call will also be accessible via webcast at co
TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ:CIGI) ("Colliers") announced today that its Board of Directors has declared a semi-annual cash dividend on the outstanding Subordinate Voting Shares and Multiple Voting Shares (together, the "Common Shares") of US$0.15 per Common Share. This dividend is in accordance with the dividend policy of Colliers. The dividend is payable on July 12, 2024 to holders of Common Shares of record at the close of business on June 28, 2024. The dividend is an "eligible dividend" for Canadian income tax purposes. About Colliers Colliers ((NASDAQ, TSX:CIGI) is a leading diversified professional services and investment mana
Continued growth and resiliency from highly diversified recurring services First quarter operating highlights: Three months ended March 31(in millions of US$, except EPS) 2024 2023 Revenues$1,002.0 $965.9 Adjusted EBITDA (note 1) 108.7 104.6 Adjusted EPS (note 2) 0.77 0.86 GAAP operating earnings 43.3 22.1 GAAP diluted net earnings (loss) per share 0.26 (0.47) TORONTO, May 02, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX:CIGI) ("Colliers" or the "Company") today announced operating and financial results for the first quarter ended March 31, 2024. All amounts are in US dollars. For the seasonally slow first quarter ended March 31, 2024, revenues were $
TORONTO and PHILADELPHIA, April 10, 2024 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management firm Colliers (TSX:CIGI) today announced the acquisition of its affiliate, Colliers Philadelphia ("Colliers | Philadelphia"). Now as a company-owned operation, Colliers | Philadelphia will continue to build on its market leadership by leveraging the full resources of Colliers' enterprising and fast-growing platform and increasing its service capabilities. Details of the transaction were not disclosed. For more than 100 years, Colliers | Philadelphia has been a leading commercial real estate services firm in the Philadelphia Region. From its five offices, the co
TORONTO, March 20, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. ((TSX &, NASDAQ:CIGI) ("Colliers" or the "Company") today announced that its Annual and Special Meeting of Shareholders will be held virtually on April 2, 2024 at 11:00am ET. Attendees will have the opportunity to attend the meeting online, using their smartphone, tablet or computer in real time, and shareholders and duly appointed proxyholders will be able to ask questions and vote through a live webcast. Shareholders or guests will not be able to attend the meeting in person. To attend the virtual meeting, please log in at www.virtualshareholdermeeting.com/CIGI2024 at least 15 minutes before the start of the
Robust revenue growth continues in high-value recurring services Fourth quarter and full year operating highlights: Three months ended Twelve months ended December 31 December 31(in millions of US$, except EPS) 2023 2022 2023 2022 Revenues$1,235.2 $1,222.4 $4,335.1 $4,459.5Adjusted EBITDA (note 1) 198.4 202.7 595.0 630.5Adjusted EPS (note 2) 2.00 2.31 5.35 6.99 GAAP operating earnings 132.6 103.8 300.9 332.5GAAP diluted net earnings per share 1.42 0.51 1.41 1.05 TORONTO, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX:CIGI) ("Colliers" or the "Company") today announced operating and financial results for the fourth quarter
TORONTO, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. ((TSX &, NASDAQ:CIGI) ("Colliers" or the "Company") today announced that results for the fourth quarter and full year ended December 31, 2023 will be issued by press release on February 8, 2024 at approximately 7:00am ET. A conference call to review these results will take place at 11:00am ET on February 8, 2024 and will be hosted by Jay S. Hennick, Chairman & CEO, Chris McLernon, CEO, Real Estate Services and Christian Mayer, CFO. The telephone numbers for this call are: Local – Toronto 1-416-764-8624 and Toll Free – NA 1-888-259-6580 with conference ID 79111730. The conference call will also be accessible via
4 - Colliers International Group Inc. (0000913353) (Issuer)
Raymond James analyst Frederic Bastien maintains Colliers Intl Gr (NASDAQ:CIGI) with a Strong Buy and raises the price target from $145 to $150.
BMO Capital analyst Stephen MacLeod maintains Colliers Intl Gr (NASDAQ:CIGI) with a Outperform and raises the price target from $137 to $140.
RBC Capital analyst Jimmy Shan reiterates Colliers Intl Gr (NASDAQ:CIGI) with a Outperform and maintains $145 price target.
RBC Capital analyst Jimmy Shan maintains Colliers Intl Gr (NASDAQ:CIGI) with a Outperform and lowers the price target from $150 to $145.
Colliers Intl Gr (NASDAQ:CIGI) reported quarterly earnings of $0.77 per share which missed the analyst consensus estimate of $0.94 by 18.09 percent. This is a 10.47 percent decrease over earnings of $0.86 per share from the same period last year. The company reported quarterly sales of $1.002 billion which beat the analyst consensus estimate of $992.178 million by 0.99 percent. This is a 3.74 percent increase over sales of $965.903 million the same period last year.
Scotiabank analyst Himanshu Gupta maintains Colliers Intl Gr (NASDAQ:CIGI) with a Sector Outperform and lowers the price target from $140 to $135.
RBC Capital analyst Jimmy Shan reiterates Colliers Intl Gr (NASDAQ:CIGI) with a Outperform and maintains $150 price target.
Colliers International Group Inc. (NASDAQ:CIGI) ("Colliers" or the "Company") has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and J.P. Morgan, under which the underwriters have agreed to buy on a "bought deal" basis 2,479,500 subordinate voting shares (the "Subordinate Voting Shares"), at a price of US$121.00 per Subordinate Voting Share for gross proceeds of approximately US$300 million (the "Offering"). Colliers has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotment
RBC Capital analyst Jimmy Shan maintains Colliers Intl Gr (NASDAQ:CIGI) with a Outperform and raises the price target from $121 to $150.
TORONTO AND PERTH, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Global diversified professional services and investment management company, Colliers ((NASDAQ, TSX:CIGI), announced today that Colliers Engineering & Design Australia ("Colliers Engineering") has entered into a definitive agreement to acquire Pritchard Francis Consulting Pty Limited ("Pritchard Francis"), one of Western Australia's leading multi-discipline engineering consulting firms. Pritchard Francis' senior leadership team will continue to lead the business in Western Australia and become significant shareholders in the Colliers Engineering platform under the unique Colliers partnership model. The business will
TORONTO and LAVAL, June 03, 2024 (GLOBE NEWSWIRE) -- Global diversified professional services and investment management company, Colliers ((NASDAQ, TSX:CIGI), announced today it has entered into a definitive agreement to acquire Englobe Corporation ("Englobe"), a leading Canadian multi-discipline engineering, environmental and inspection services firm. Englobe's senior leadership team and employee shareholders will remain shareholders in the business under Colliers' unique partnership model. Headquartered in Laval, Québec, Englobe's 2,800 professionals provide civil, buildings, geotechnical, and environmental engineering, material testing and related consulting services to public and priv
TORONTO, April 02, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX:CIGI, NASDAQ:CIGI) ("Colliers" or the "Company") today announced that at its annual and special meeting of shareholders held virtually on April 2, 2024, the ten director nominees listed in Colliers' management information circular dated February 15, 2024 (the "Circular") were elected as directors of Colliers. Directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote are set out below. Nominee Votes For % Votes For Votes Withheld % Votes Withheld John (Jack) P. Curtin, Jr. 69
TORONTO, Dec. 07, 2023 (GLOBE NEWSWIRE) -- With bold action needed to prevent the worst effects of climate change, leading diversified professional services and investment management company Colliers (TSX:CIGI) has signed the World Green Building Council's (WGBC) Net Zero Carbon Buildings Commitment, which calls for emissions from buildings globally to be halved by 2030, and advocates for total decarbonization of buildings in operation no later than 2050. By joining this initiative, Colliers furthers its sustainability efforts, targeting whole life carbon. Colliers will achieve these goals through a range of measures including use of 100% renewable energy in its own operations, low-
TORONTO, April 05, 2023 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX:CIGI, NASDAQ:CIGI) ("Colliers" or the "Company") today announced that at its annual meeting of shareholders held virtually on April 5, 2023, the ten director nominees listed in Colliers' management information circular dated February 16, 2023 (the "Circular") were elected as directors of Colliers. Directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote are set out below. NomineeVotes For% Votes ForVotes Withheld% Votes WithheldPeter F. Cohen55,969,06489.14%6,819,31510.86%John (Jack) P. Curtin, Jr.55,479,34088.36%7,309,03911.64%Christop
TORONTO, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management firm Colliers (TSX:CIGI) announced today the appointment of Luke Dawson as Head of Global Capital Markets. Dawson will set the global strategic agenda for Colliers Capital Markets, which includes advising clients, providing value-added services to accelerate clients' investment strategies, and connecting capital with opportunities across all asset classes around the world. In addition to his new mandate, he will retain his existing role as Capital Markets leader for EMEA. The appointment of Dawson marks an important step in accelerating success for clients around th
TORONTO, April 25, 2022 (GLOBE NEWSWIRE) -- Leading global professional services and investment management firm Colliers (TSX:CIGI) today announced the appointment of Chris McLernon as Chief Executive Officer of Real Estate Services| Global. McLernon will be based in the firm's global headquarters in Toronto, reporting to Global Chairman & CEO Jay Hennick. Davoud Amel-Azizpour, currently Chief Financial Officer of EMEA, will succeed McLernon as CEO of the EMEA region. Both appointments, which are effective July 1, 2022, reinforce Colliers' continued leadership in the industry and commitment to accelerate the success of its people and clients. McLernon will focus on overall growth, operati
TORONTO, April 05, 2022 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX:CIGI, NASDAQ:CIGI) ("Colliers" or the "Company") today announced that at its annual and special meeting of shareholders held virtually on April 5, 2022, the ten director nominees listed in Colliers' management information circular dated February 17, 2022 (the "Circular") were elected as directors of Colliers. Directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote are set out below. NomineeVotes For% Votes ForVotes Withheld% VotesWithheldPeter F. Cohen56,561,03791.45%5,287,5848.55%John (Jack) P.Curtin, Jr.53,844,07987.06%8,004,54212.94
TORONTO, Feb. 09, 2022 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management company Colliers (TSX:CIGI) announced the appointment of Poonam Puri to its Board of Directors. Puri is a tenured law professor and former associate dean at Osgoode Hall Law School, a corporate/securities lawyer and affiliated scholar with Davies Ward Phillips & Vineberg LLP, and an experienced corporate director, with expertise in corporate governance, strategy, and ESG. Puri has a unique mix of skills and strong relationships with industry executives, government, and a broad range of stakeholders, acquired through her many business, regulatory, academic, and public policy
GUANGZHOU, China, Aug. 9, 2021 /PRNewswire/ -- Leading diversified professional services and investment management firm Colliers (TSX:CIGI) has today announced the appointment of Andy Zeng as Managing Director | Guangzhou, effective immediately. Since joining Colliers in May this year as General Manager, Cultural & Leisure Operations | China, Zeng has demonstrated his strong expertise in real estate when guiding the team and leveraged his extensive people network in the real estate industry to grow the business. With his wealth of experience and outstanding leadership skills, he has successfully built relationships with government representatives and key clients, and led the Cultural & Leisu
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TORONTO, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Leading global diversified professional services company Colliers (NASDAQ and TSX:CIGI) is proud to be named World's Best Real Estate Advisor by the prestigious Euromoney Global Real Estate Awards. Building on last year's Best Global Agency win, Colliers continued to receive the most accolades globally in 2024, with top rankings in 16 categories including Asia Pacific's Best Real Estate Advisor, Europe's Best Real Estate Advisor and Latin America's Best Real Estate Agency. "These awards speak volumes about Colliers' global excellence in real estate advisory and client service across markets. From completing landmark transactions to securing proje
Broad momentum across asset classes, private wealth to reshape capital flows LONDON and TORONTO, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Leading global diversified professional services company Colliers released its 2025 Global Investor Outlook, revealing renewed investor optimism and confidence that the commercial property market has moved past an inflection point following two years of muted transactions. On the back of subsiding inflation, lower interest rates, an improved economic outlook and expansive fundraising, Colliers anticipates a new market environment to emerge, more diverse – by asset class and investor base – than the one it replaced. Some uncertainties remain, including a p
Solid growth across all service lines and segments Re-aligned operating segments to better reflect value and growth Third quarter and year to date operating highlights: Three months ended Nine months ended September 30 September 30 (in millions of US$, except EPS) 2024 2023 2024 2023 Revenues $ 1,179.1 $ 1,056.0 $ 3,320.4 $ 3,100.0 Adjusted EBITDA (note 1) 15
TORONTO, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management company Colliers (NASDAQ and TSX:CIGI) has been named by Forbes as one of the World's Best Employers 2024 for the second consecutive year. As the only global, full-service commercial real estate firm on the list, this prestigious accolade highlights Colliers' commitment to fostering a strong corporate culture and creating an exceptional workplace for its professionals around the world. Forbes' World's Best Employers awards celebrate global organizations that prioritize well-being, promote inclusivity and diversity, and offer growth opportunities and work-life balance. The list is
TORONTO and SYDNEY, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Global diversified professional services and investment management company, Colliers ((NASDAQ, TSX:CIGI), announced today that Colliers Engineering & Design Australia ("Colliers Engineering") has acquired TTM Group Pty Limited ("TTM"), a leading transportation engineering consultancy headquartered in Brisbane, Queensland. The addition will augment Colliers Engineering's overall scale and add new traffic and transportation capabilities across Queensland, New South Wales, and Victoria. TTM's senior leadership team will become shareholders in the Colliers Engineering platform under Colliers' unique partnership model. The business will reb
TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. ((TSX &, NASDAQ:CIGI) ("Colliers" or the "Company") today announced that results for the third quarter ended September 30, 2024, will be issued by press release on November 5, 2024, at approximately 7:00am ET. A conference call to review these results will take place at 11:00am ET on November 5, 2024 and will be hosted by Jay S. Hennick, Global Chairman & CEO, Chris McLernon, CEO, Real Estate Services and Christian Mayer, CFO. The telephone numbers for this call are: Local – Toronto 1-289-819-1520 and Toll Free – NA 1-800-549-8228 with conference ID 21704. The conference call will also be accessible via we
TORONTO and OTTAWA, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Global diversified professional services and investment management company, Colliers ((NASDAQ, TSX:CIGI), announced today that its Canadian engineering platform, Englobe Corporation ("Englobe"), has acquired Goodkey, Weedmark & Associates Limited ("GWAL"), a leading building engineering consulting firm in Ontario. The addition will strengthen Englobe's scale and service capabilities in Canada's largest market. GWAL's leadership team will become shareholders of Englobe under Colliers' unique partnership model. The business will be fully integrated into Englobe's operations and will rebrand as Colliers in the future. Terms of the transact
TORONTO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. ((TSX, NASDAQ:CIGI) is pleased to announce that it has extended the term of the existing management services agreement with its Global Chairman and Chief Executive Officer and largest shareholder, Jay S. Hennick, to January 1, 2029. The agreement was due to expire in April 2026. Mr. Hennick has been instrumental in shaping Colliers since its initial acquisition in 2004. Under his leadership, the company has expanded operations globally, diversified its business adding new growth engines while increasing recurring earnings to 70%. Since Colliers became a standalone public company in 2015, its market capitalizati
RICHMOND, Va., Sept. 16, 2024 /PRNewswire/ -- Lingerfelt and Colliers are pleased to announce the execution of an 85,750 square-foot, full-building lease with Shepherd Electric Supply in Building 2 at Ashton Logistics Park, located at 1630 Ashton Park Drive, South Chesterfield, VA 23834. Colliers' Wood Thornton, Rob Dirom, and Frank Hargrove, III handled lease negotiations on behalf of Lingerfelt. Founded in 1892, Shepherd Electric Supply is the oldest wholesale electrical distributor in the Mid-Atlantic region. American-owned, the company prides itself on exceptional customer
New 106,376 sq. ft. facility provides more space, upgraded facility for PECO's operations.State-of-the art facility becomes PECO's primary location serving the greater Richmond metro area, also clients in Fairfax and Norfolk.Gen 1 facility meets standards for energy efficiency and sustainability in line with PECO's requirements.Lease executed at Port 801 brings building to 100% occupancy.RICHMOND, Va. and ITASCA, Ill., Sept. 5, 2024 /PRNewswire/ -- Lingerfelt and Colliers are pleased to announce a 106,376 square-foot lease with PECO Pallet at Port 801, located at 801 Port Walthall Drive, Colonial Heights, VA. The transaction brings Port 801 to full occupancy. PECO Pallet, Inc. is one of Nort
Raymond James downgraded Colliers from Strong Buy to Outperform and set a new price target of $160.00 from $150.00 previously
RBC Capital Mkts initiated coverage of Colliers with a rating of Outperform and set a new price target of $128.00
Goldman upgraded Colliers from Neutral to Buy
Scotiabank resumed coverage of Colliers with a rating of Sector Perform and set a new price target of $120.00 from $165.00 previously
Wolfe Research downgraded Colliers from Outperform to Peer Perform
Goldman resumed coverage of Colliers with a rating of Neutral
Raymond James upgraded Colliers from Outperform to Strong Buy and set a new price target of $180.00 from $160.00 previously
Raymond James upgraded Colliers Intl Gr from Outperform to Strong Buy
National Bank Financial initiated coverage of Colliers with a rating of Outperform and set a new price target of $85.00
National Bank Of Canada initiated coverage of Colliers Intl Gr with a rating of Outperform and set a new price target of $170.00