Form 8-K · Current Report · Filed 2024-05-03
CBRE Group Reports 10% GAAP EPS Increase in Q1 2024 Despite 15% Core EPS Decline
CBRE Group, Inc. reported a 10% increase in GAAP EPS to $0.41 for Q1 2024, though core EPS declined by 15% to $0.78. Revenue increased by 8% and net revenue by 6.3%. Despite a strong performance in leasing, sales activity underperformed due to high interest rates. The company expects core earnings per share in the range of $4.25 to $4.65 for 2024.
- Filer
- CBRE Group Inc. CBRE · NYSE
- Filed
- Accession
- 0001138118-24-000011
- CIK
- 0001138118
- Signal
- High impactReal Estate
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$86.79
Next session
-0.5%
Since filing
+69.2%
Latest close
$146.81
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from CBRE reporting the same item, with the next session's move:
Exhibits (1)
About CBRE Group Inc.
CBRE Group Inc. operates as a leading commercial real estate services and investment firm globally. The company's primary purpose is to offer a broad array of real estate solutions, sector-driven insights, and advisory services to a diverse clientele that includes corporations, property owners, investors, and developers. CBRE provides expertise in property management, strategic consulting, valuation, project management, and capital markets operations. Known for its vast geographic presence, CBRE serves numerous industries, encompassing sectors such as retail, industrial, office, and healthcare. With comprehensive service offerings, the firm plays a vital role in shaping urban landscapes and responding to market dynamics. Headquartered in Dallas, Texas, CBRE Group Inc. leverages its extensive global network and local market expertise to drive innovation and sustainable practices, profoundly influencing how real estate industry challenges are addressed across the world.
Never miss another CBRE filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.