CBRE Group (CBRE) Research | Aerarium Research

Forward Estimates

EPS Estimates

Current Qtr

$1.51

$1.39$1.68

vs $1.19+26.8%

12 analysts

Next Qtr

$1.84

$1.72$2.01

vs $1.61+14.5%

12 analysts

Current Yr

$7.68

$7.35$7.79

vs $6.38+20.3%

13 analysts

Next Yr

$8.87

$8.08$9.31

vs $7.68+15.6%

13 analysts

Revenue Estimates

Current Qtr

$11.29B

$10.96B$11.78B

vs $9.75B+15.7%

6 analysts

Next Qtr

$11.75B

$11.13B$12.48B

vs $10.26B+14.5%

6 analysts

Current Yr

$46.88B

$45.65B$48.88B

vs $40.55B+15.6%

6 analysts

Next Yr

$51.00B

$46.06B$55.97B

vs $46.88B+8.8%

7 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for CBRE on EDGAR.

CBRE filing events and research context
Filed	Item	Context
Apr 23, 2026	mda_quarterly	CBRE reported first-quarter 2026 revenue of $10.5 billion, an 18.6% increase over the prior year, with net income rising to $318 million and Core EBITDA reaching $831 million. Growth was driven by a recovering commercial real estate market and robust U.S. demand for industrial, office, and data center space, the latter bolstered by artificial intelligence investments. Advisory Services revenue grew 22%, led by a 42.5% surge in property sales across the U.S. and Asia Pacific. Building Operations & Experience and Project Management segments also saw double-digit growth, while Real Estate Investments revenue declined 14.6% despite a $281 million gain from asset dispositions. Strategic expansions included the acquisitions of Pearce, focusing on digital and power infrastructure, and Industrious, providing flexible workplace solutions. Capital allocation focused on shareholder returns, with $531 million in share repurchases during the quarter. Liquidity remains strong with $1.7 billion in cash and $2.7 billion in available revolving credit, supported by a recent $750 million senior notes issuance. Key risks include a $303 million liability for Telford Homes fire safety remediation and a slowdown in fundraising from Middle Eastern capital sources due to regional conflict.
Feb 12, 2026	business	CBRE is the world's largest commercial real estate services and investment firm, reporting 2025 revenue of $40.6 billion and Core EBITDA of $3.3 billion. The company is strategically shifting its revenue mix toward resilient sources, specifically occupier outsourcing and project management, to reduce dependence on cyclical property sales and leasing. Operations are organized into four segments: Advisory Services, Building Operations & Experience (BOE), Project Management, and Real Estate Investments (REI), the latter managing $155.5 billion in assets. In 2025, CBRE capitalized on an improved operating environment characterized by strong U.S. demand for industrial, office, and data center space. Strategic capital deployment totaled $2.7 billion, highlighted by the $1.2 billion acquisition of Pearce for digital and power infrastructure and the full acquisition of Industrious for flexible workplace solutions. Key financial risks include a $321 million liability for Telford fire safety remediation in the U.K. and significant foreign currency exposure, with 43.6% of revenue transacted in non-USD currencies. The company continues to return value to shareholders, repurchasing $956 million in stock during 2025.
Feb 12, 2026	mda	CBRE reported 2025 revenue of $40.6 billion, a 13.4% increase, with Core EBITDA rising 22.3% to $3.3 billion. Growth was driven by an improved operating environment characterized by lower borrowing costs and strong U.S. demand for data center, industrial, and office space. The company continues to pivot toward resilient revenue sources, specifically occupier outsourcing and project management, to mitigate dependence on cyclical property sales and leasing. Capital allocation totaled $2.7 billion, highlighted by the $1.2 billion acquisition of Pearce to expand technical services for digital and power infrastructure, the $468 million acquisition of the remaining interest in Industrious for flexible-workplace solutions, and $956 million in share repurchases. While the Real Estate Investments segment saw a revenue decrease, it generated a $317 million increase in gains from real estate dispositions. Operating expenses grew slower than revenue, though the effective tax rate increased to 19.9%. Management is currently monitoring the impact of OECD Pillar Two global minimum tax rules, although the 2025 impact was insignificant. Overall, the company's shift toward a more resilient revenue mix and strategic acquisitions in digital infrastructure and flexible workplaces underpin its current growth trajectory.

Filed

Item

Context

Apr 23, 2026

mda_quarterly

CBRE reported first-quarter 2026 revenue of $10.5 billion, an 18.6% increase over the prior year, with net income rising to $318 million and Core EBITDA reaching $831 million. Growth was driven by a recovering commercial real estate market and robust U.S. demand for industrial, office, and data center space, the latter bolstered by artificial intelligence investments. Advisory Services revenue grew 22%, led by a 42.5% surge in property sales across the U.S. and Asia Pacific. Building Operations & Experience and Project Management segments also saw double-digit growth, while Real Estate Investments revenue declined 14.6% despite a $281 million gain from asset dispositions. Strategic expansions included the acquisitions of Pearce, focusing on digital and power infrastructure, and Industrious, providing flexible workplace solutions. Capital allocation focused on shareholder returns, with $531 million in share repurchases during the quarter. Liquidity remains strong with $1.7 billion in cash and $2.7 billion in available revolving credit, supported by a recent $750 million senior notes issuance. Key risks include a $303 million liability for Telford Homes fire safety remediation and a slowdown in fundraising from Middle Eastern capital sources due to regional conflict.

Feb 12, 2026

business

CBRE is the world's largest commercial real estate services and investment firm, reporting 2025 revenue of $40.6 billion and Core EBITDA of $3.3 billion. The company is strategically shifting its revenue mix toward resilient sources, specifically occupier outsourcing and project management, to reduce dependence on cyclical property sales and leasing. Operations are organized into four segments: Advisory Services, Building Operations & Experience (BOE), Project Management, and Real Estate Investments (REI), the latter managing $155.5 billion in assets. In 2025, CBRE capitalized on an improved operating environment characterized by strong U.S. demand for industrial, office, and data center space. Strategic capital deployment totaled $2.7 billion, highlighted by the $1.2 billion acquisition of Pearce for digital and power infrastructure and the full acquisition of Industrious for flexible workplace solutions. Key financial risks include a $321 million liability for Telford fire safety remediation in the U.K. and significant foreign currency exposure, with 43.6% of revenue transacted in non-USD currencies. The company continues to return value to shareholders, repurchasing $956 million in stock during 2025.

Feb 12, 2026

mda

CBRE reported 2025 revenue of $40.6 billion, a 13.4% increase, with Core EBITDA rising 22.3% to $3.3 billion. Growth was driven by an improved operating environment characterized by lower borrowing costs and strong U.S. demand for data center, industrial, and office space. The company continues to pivot toward resilient revenue sources, specifically occupier outsourcing and project management, to mitigate dependence on cyclical property sales and leasing. Capital allocation totaled $2.7 billion, highlighted by the $1.2 billion acquisition of Pearce to expand technical services for digital and power infrastructure, the $468 million acquisition of the remaining interest in Industrious for flexible-workplace solutions, and $956 million in share repurchases. While the Real Estate Investments segment saw a revenue decrease, it generated a $317 million increase in gains from real estate dispositions. Operating expenses grew slower than revenue, though the effective tax rate increased to 19.9%. Management is currently monitoring the impact of OECD Pillar Two global minimum tax rules, although the 2025 impact was insignificant. Overall, the company's shift toward a more resilient revenue mix and strategic acquisitions in digital infrastructure and flexible workplaces underpin its current growth trajectory.

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CBRE filing events and research context

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