CBRE Group, Inc.'s Stock Analysis

CBRE Group Issues $750 Million Senior Notes Due 2033

CBRE Group, Inc. announced the completion of a $750 million offering of 4.900% Senior Notes due January 15, 2033, through its wholly-owned subsidiary, CBRE Services, Inc. The notes are fully guaranteed by the Company and will be used primarily to repay borrowings related to the acquisition of Pearce Services, LLC, along with other corporate purposes. Interest on the notes will be paid semi-annually, starting July 15, 2026.

The notes rank equally with existing and future senior indebtedness of CBRE Services and are senior to any future subordinated debt. The indenture governing the notes includes covenants that restrict certain activities of CBRE Services and its subsidiaries, such as creating liens or entering into mergers. Events of default include nonpayment and breaches of covenants, which could impact the Company's financial obligations.

Nov 13, 2025 16:33:54

CBRE Group Announces $750 Million Senior Notes Offering

CBRE Group, Inc. has entered into an underwriting agreement to issue $750 million of 4.900% Senior Notes due in 2033. This offering is being conducted through Wells Fargo Securities, BofA Securities, Citigroup Global Markets, and J.P. Morgan Securities, with the expected closing date set for November 13, 2025. The proceeds from this issuance will primarily be used to repay borrowings related to the acquisition of Pearce Services, LLC, along with other corporate purposes.

The Notes were offered under the Company’s existing Registration Statement with the SEC. The underwriters involved may also provide the Company with various financial services in the future, for which they will receive customary fees. Investors are advised to refer to the Company's SEC filings for more information on potential risks and uncertainties that could impact the Company's business and financial results.

Nov 07, 2025 16:37:36

CBRE Group Acquires Pearce Services for $1.2 Billion

CBRE Group, Inc. announced the acquisition of Pearce Services, a provider of advanced technical services for digital and power infrastructure, for approximately $1.2 billion in cash, with a potential earn-out of up to $115 million based on performance. Pearce, founded in 1998 and headquartered in California, is expected to enhance CBRE's capabilities in the Building Operations & Experience segment and is projected to generate significant revenue and EBITDA growth in the coming years. The acquisition is anticipated to be immediately accretive to CBRE's core earnings-per-share.

Pearce Services has reported revenue growth at a low double-digit compound annual rate since 2022, with projections of over $660 million in revenue and more than $90 million in EBITDA for 2026. CBRE expects to achieve over $350 million in Core EBITDA from its digital and power infrastructure services by 2026. The acquisition aligns with CBRE's strategy to expand its presence in critical infrastructure markets, which are experiencing increasing demand for services provided by Pearce.

Nov 04, 2025 08:21:24

CBRE Group Reports Significant Q3 2025 Financial Results

CBRE Group, Inc. reported notable financial results for the third quarter of 2025, with GAAP earnings per share increasing by 66% to $1.21 and core earnings per share rising 34% to $1.61. The company's revenue grew 14% to $10.3 billion, driven by robust performance in both its Resilient and Transactional Businesses. Net income reached $363 million, a 61% increase, while core EBITDA rose by 19% to $821 million. The company also reported significant cash flows, with $1.7 billion net cash flow from operations and nearly $1.5 billion in free cash flow over the trailing 12 months, enhancing its liquidity position to $5.2 billion by the end of the quarter.

In its Advisory Services segment, global leasing revenue grew by 18%, with notable contributions from the Asia Pacific region, particularly India and Japan. The Capital Markets division saw a 30% increase in property sales revenue, with strong performance in the U.S., led by data centers and office transactions. CBRE's Project Management segment reported a 20% revenue increase, while the Real Estate Investments segment showed signs of recovery with a $35 million operating profit from global development. The company also continued its stock repurchase program, having repurchased approximately 5.2 million shares for $663 million since the end of 2024.

Oct 23, 2025 07:02:47

CBRE Group Announces Leadership Changes in Accounting Department

CBRE Group, Inc. has announced that Lindsey Caplan will resign from his position as Chief Accounting Officer effective August 31, 2025, and will leave the company on December 31, 2025. Andrew Horn, currently the Deputy Chief Financial Officer, will take over as the principal accounting officer starting September 1, 2025.

Andrew Horn has been with the company in various financial roles since 2019, including Chief Financial Officer for different business segments and Vice President in the Finance Innovation Office. He holds a B.S. from Indiana University and an M.B.A. from the University of Chicago Booth School of Business. There are no known arrangements or family relationships affecting his appointment, nor has he engaged in related party transactions with the company.

Aug 12, 2025 17:05:51

CBRE Group Reports Second Quarter 2025 Financial Results

CBRE Group, Inc. reported its financial results for the second quarter of 2025, showing significant growth in various metrics. GAAP earnings per share (EPS) increased by 71% to $0.72, while core EPS rose by 47% to $1.19. Total revenue climbed 16% to $9.8 billion, driven by a 17% increase in resilient businesses and a 15% rise in transactional businesses. The company also reported a 65% increase in GAAP net income to $215 million and a 30% rise in core EBITDA to $658 million. Free cash flow for the trailing twelve months reached nearly $1.3 billion, and liquidity increased to $4.7 billion during the quarter.

In addition to its strong financial performance, CBRE Group raised its core EPS outlook for 2025 to a range of $6.10 to $6.20, reflecting better-than-expected growth. The company highlighted robust leasing revenue growth in various regions, particularly in the U.S., EMEA, and APAC. Capital markets also showed strong performance, with property sales revenue up 20%. The company has repurchased approximately 5.2 million shares for $663 million since the end of 2024, maintaining substantial capacity under its stock repurchase program.

Jul 29, 2025 07:07:13

CBRE Group Secures $3.5 Billion Credit Facility and More

On June 24, 2025, CBRE Group, Inc. entered into a new 5-year senior unsecured Revolving Credit Agreement, providing a credit facility of up to $3.5 billion. This agreement replaces the previous revolving credit commitments and includes provisions for letters of credit and swingline loans. The interest rates on loans will vary based on the company's credit ratings, and there are specific requirements for maintaining a maximum leverage ratio. Additionally, a new 364-day senior unsecured Revolving Credit Agreement was established with a commitment of up to $1 billion.

The company also amended its Term Loan Credit Agreement to remove certain financial covenants and increase thresholds consistent with the new Revolving Credit Agreements. The existing revolving credit agreement was terminated, with the company settling all outstanding obligations. These financial arrangements may impact the company's liquidity and overall financial strategy, which are important for investors to consider.

Jun 24, 2025 17:05:57

CBRE Services Redeems $600 Million Senior Notes Due 2026

On May 28, 2025, CBRE Services, Inc., a wholly-owned subsidiary of CBRE Group, Inc., redeemed all of its outstanding $600 million aggregate principal amount of 4.875% senior notes due 2026. This action was taken in accordance with the provisions of the Notes and the indenture governing them, resulting in the discharge of obligations under these notes for both Services and the Company.

The redemption of the senior notes signifies a completion of the Company's financial obligations related to this debt instrument. This event may impact the company's financial structure and liquidity, potentially influencing investor sentiment.

May 28, 2025 17:08:12

CBRE Group Files Supplemental Indentures for Senior Notes

CBRE Group, Inc. has filed several supplemental indentures related to its senior notes. The Tenth Supplemental Indenture pertains to the 4.800% Senior Notes due 2030, while the Eleventh Supplemental Indenture relates to the 5.500% Senior Notes due 2035. Both indentures involve CBRE Group, CBRE Services, and Computershare Trust Company as the trustee.

Additionally, the filing includes a legal opinion from Simpson Thacher & Bartlett LLP and a consent from the same firm. The company has also provided a cover page interactive data file as part of this report. Investors are advised to review the company's SEC filings for more detailed information regarding risks and uncertainties associated with these financial instruments.

May 12, 2025 17:02:13

CBRE Reports Q1 2025 Financial Results and Business Developments

CBRE Group, Inc. announced its financial results for the first quarter of 2025, reporting a 32% increase in GAAP earnings per share to $0.54 and a 12% rise in revenue to $8.9 billion. The company also noted significant growth in its Resilient and Transactional businesses, with respective net revenues increasing by 14% and 16%. Additionally, CBRE has repurchased nearly $600 million in shares since the end of 2024 and generated over $1.6 billion in net cash flow from operations over the past year.

The company has recently established two new business segments: Building Operations & Experience and Project Management, following strategic acquisitions. Despite the uncertainty due to the tariff situation impacting the market, CBRE's current activity levels remain robust. The company reported a net leverage ratio of 1.45x and maintained a liquidity of approximately $3.5 billion, indicating a strong financial position. Investors may find interest in the performance of CBRE's various business segments and its ongoing stock repurchase program.

Apr 24, 2025 07:00:14