A healthy outsourcing business, strategic buyouts and a solid balance sheet are likely to support CBRE's performance.
CBRE Group, Newmark and Redfin have been highlighted in this Industry Outlook article.
Despite geopolitical unrest, Real Estate Operations industry players like CBRE, NMRK and RDFN are poised to gain from the adoption of outsourcing real estate and brokerage services.
CBRE leads the global commercial real estate market with a market cap over $40 billion, showing robust performance despite recent sector challenges. The company posted record quarterly earnings and free cash flow, with adjusted EPS of $2.32 and revenues of $10.404 billion, surpassing analyst expectations. Strong growth in Facilities Management and Project Management segments, along with a favorable economic outlook, supports a solid "Buy" rating for CBRE.
CBRE's Q4 results reflect a year-over-year rise in revenues due to solid performances by all business segments despite the challenging macro environment.
CBRE Group, Inc. (NYSE:CBRE ) Q4 2024 Earnings Conference Call February 13, 2025 8:30 AM ET Company Participants Chandni Luthra – Executive Vice President, Head of Investor Relations and FP&A Bob Sulentic – Chairman and Chief Executive Officer Emma Giamartino – Chief Financial Officer Conference Call Participants Anthony Paolone – JPMorgan Michael Griffin – Citi Julien Blouin – Goldman Sachs Ronald Kamdem – Morgan Stanley Stephen Sheldon – William Blair Steve Sakwa – Evercore ISI Alex Kramm – UBS Jade Rahmani – KBW Operator Greetings, and welcome to the Fourth Quarter 2024 CBRE Earnings Conference Call. At this time, all participants are in a listen-only mode.
Europe could see a record level of new data centres this year, according to research released on Wednesday by CBRE Group, as companies expand their artificial intelligence and cloud computing activities.
While the top- and bottom-line numbers for CBRE (CBRE) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Commercial real estate services specialist CBRE Group (CBRE -2.38%) reported fourth-quarter and full-year 2024 earnings on Thursday, Feb. 13, that topped analysts' consensus expectations. Adjusted earnings per share (EPS) of $2.32 surpassed the expected $2.23 and jumped an impressive 68% from Q4 2023.
CBRE Group (CBRE) came out with quarterly earnings of $2.32 per share, beating the Zacks Consensus Estimate of $2.21 per share. This compares to earnings of $1.38 per share a year ago.
A focus on resilient business and diversification across property types, lines of business, geographic markets and clients is likely to aid CBRE's Q4 results.
Beyond analysts' top -and-bottom-line estimates for CBRE (CBRE), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.