CBRE Group, Inc.
- Open
- 134.93
- Day high
- 136.04
- Day low
- 133.76
- Prev close
- 136.05
- Volume
- 1.9M
- Mkt cap
- $39.4B
- P/E (TTM)
- 30.6
- EPS (TTM)
- $4.40
- P/B
- 4.6
- P/S
- 0.9
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$309K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions mixed (13F)
CBRE Group, Inc. (CBRE) is a Real Estate company listed on NYSE. The stock is down 5% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4). Drillr has 1 published research article covering CBRE.
CBRE Group, Inc. (CBRE) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CBRE earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $1.13 | $1.61 | +42.5% | $10.5B | +2.9% |
| Feb 12, 2026 | $2.68 | $2.73 | +1.9% | $11.6B | -0.5% |
| Oct 23, 2025 | $1.46 | $1.61 | +10.3% | $10.3B | +1.4% |
| Jul 29, 2025 | $1.07 | $1.19 | +11.2% | $9.8B | +3.1% |
| Apr 24, 2025 | $0.76 | $0.86 | +13.2% | $8.9B | -0.9% |
| Feb 13, 2025 | $2.20 | $2.32 | +5.5% | $10.4B | +1.2% |
| Oct 24, 2024 | $1.06 | $1.20 | +13.2% | $9.0B | +2.7% |
| Jul 25, 2024 | $0.71 | $0.81 | +14.2% | $8.4B | +1.0% |
| May 3, 2024 | $0.69 | $0.78 | +12.6% | $7.9B | -0.1% |
| Feb 15, 2024 | $1.18 | $1.38 | +16.9% | $8.9B | +6.0% |
| Oct 27, 2023 | $0.67 | $0.72 | +7.5% | $7.9B | +6.0% |
| Jul 27, 2023 | $0.76 | $0.82 | +7.9% | $7.7B | +5.7% |
CBRE insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 26, 2026 | Metcalfe Guy Adirector | Grant | 1,907 | — |
| May 26, 2026 | Boze Brandon Bdirector | Grant | 839 | $131.04 |
| May 26, 2026 | Goodman Shiradirector | Grant | 1,907 | — |
| May 26, 2026 | LOPEZ GERARDO Idirector | Grant | 1,907 | — |
| May 26, 2026 | Soni Gunjandirector | Grant | 1,907 | — |
| May 26, 2026 | GILYARD REGINALD HAROLDdirector | Grant | 1,907 | — |
| May 26, 2026 | Sanjiv Yajnikdirector | Grant | 1,526 | $131.04 |
| May 26, 2026 | Boze Brandon Bdirector | Grant | 1,907 | — |
| May 26, 2026 | Sanjiv Yajnikdirector | Grant | 1,907 | — |
| May 26, 2026 | Cobert Beth F.director | Grant | 1,907 | — |
| May 18, 2026 | Giamartino Emma E.officer: CFO & Chief Investment Officer | Sell | 2,250 | $130.74 |
| May 5, 2026 | Doellinger Chad Jofficer: Chief Legal & Admin. Officer | Sell | 107 | $140.35 |
| May 5, 2026 | Horn Andrew Sofficer: Deputy Chief Financial Officer | Tax | 58 | $141.81 |
| May 5, 2026 | Doellinger Chad Jofficer: Chief Legal & Admin. Officer | Tax | 290 | $141.81 |
| Mar 12, 2026 | Doellinger Chad Jofficer: Chief Legal & Admin. Officer | Sell | 471 | $133.51 |
Source: CBRE SEC Form 4 filings, latest May 26, 2026. For informational purposes only — not investment advice.
See the full CBRE insider & 13F page →CBRE Group, Inc. company profile
Overview
CBRE Group, Inc. (NYSE:CBRE) is the world's largest commercial real estate services and investment company, founded in 1906 and headquartered in Dallas, Texas. Originally established as Coldwell Banker Richard Ellis, the company has grown through strategic acquisitions and organic expansion to become a global leader in commercial real estate services. CBRE went public in 2004 and has since evolved from a traditional brokerage firm into a comprehensive real estate services platform serving clients across advisory services, workplace solutions, and investment management.
Business
CBRE operates as a comprehensive commercial real estate services provider across three primary business segments that collectively generated approximately $35.8 billion in revenue in 2024. Advisory Services represents the company's traditional commercial real estate brokerage and advisory business, accounting for roughly 35-40% of total revenue. This segment provides strategic advice and execution services to property owners, investors, and occupiers. Key services include leasing services for office, industrial, and retail properties; property sales and mortgage services under the CBRE Capital Markets brand; property and project management for building owners; and valuation services including market appraisals, litigation support, and feasibility studies. The advisory business is transaction-based and cyclical, with revenue tied to commercial real estate market activity. Global Workplace Solutions (GWS) is CBRE's largest and most resilient segment, contributing approximately 50-55% of total revenue. This business provides ongoing facilities management, project management, and transaction management services to corporate occupiers of real estate. Facilities management involves the day-to-day operation of corporate real estate portfolios, including maintenance, security, cleaning, and space optimization. Project management encompasses construction management and workplace design services. The segment also includes Turner & Townsend, a major project management consultancy acquired to expand CBRE's capabilities in infrastructure and construction. GWS operates on long-term contracts, providing more predictable recurring revenue streams. Real Estate Investments (REI) comprises two main businesses representing roughly 10-15% of total revenue. The investment management arm operates under the CBRE Investment Management brand, providing asset management services to institutional investors including pension funds, insurance companies, and sovereign wealth funds, managing approximately $149 billion in assets under management. The development business operates under the Trammell Crow Company brand, developing commercial properties primarily for end users and investors. REI also includes flexible workspace solutions through the recently acquired Industrious brand and CBRE Hana.
Revenue model
CBRE generates revenue through multiple business models aligned with its service offerings. The Advisory Services segment operates on a transaction-based commission model, earning fees from property sales, leasing transactions, and mortgage originations. Fees are typically calculated as a percentage of transaction value, making this segment highly sensitive to commercial real estate market activity and pricing levels. The Global Workplace Solutions segment primarily operates on a service fee model through long-term contracts with corporate clients. Facilities management generates steady monthly fees for ongoing property operations, while project management earns fees based on project scope and duration. This segment provides the most predictable revenue stream, with typical contract lengths ranging from three to ten years. The Real Estate Investments segment employs multiple revenue models. Investment management earns asset-based management fees (typically 0.5-1.5% of assets under management annually) plus performance-based incentive fees when funds exceed return thresholds. The development business generates profits through property development and sales, with revenue recognized upon project completion and sale. Several factors significantly impact CBRE's margins and profitability. Interest rate environments directly affect capital markets activity, as higher rates reduce property transactions and refinancing activity. Economic cycles influence corporate real estate demand, with recessions typically reducing both leasing activity and facilities management spending. Return-to-office trends post-pandemic have become crucial, as increased office occupancy drives demand for workplace services and leasing activity. Labor costs represent a major expense given CBRE's service-intensive business model, while technology investments in automation and digital platforms can improve operational efficiency and margins over time. The company's increasing focus on data center and infrastructure services provides exposure to higher-growth, higher-margin opportunities driven by cloud computing and AI demand.
Competitive moat
CBRE's competitive moat stems primarily from its scale advantages and network effects as the world's largest commercial real estate services firm. The company's global platform with over 100,000 employees across 100+ countries creates significant barriers to entry for competitors seeking to provide comprehensive multinational services to large corporate clients. This scale enables CBRE to offer integrated solutions across multiple service lines and geographies that smaller competitors cannot match. The company benefits from switching costs in its Global Workplace Solutions business, where corporate clients invest significant time and resources in onboarding CBRE's systems and processes for facilities management. Long-term contracts (typically 3-10 years) with embedded renewal options create revenue predictability and client stickiness. CBRE's deep integration into clients' real estate operations makes switching providers disruptive and costly. Information advantages represent another moat element, as CBRE's transaction volume and market presence provide superior market intelligence and deal flow access. This data advantage helps in property valuations, investment decisions, and client advisory services. The company's brand recognition and track record also provide credibility advantages when competing for large mandates. However, CBRE's moat faces several challenges. The commercial real estate services industry remains fragmented with numerous regional and specialized competitors. Technology disruption poses risks, as proptech companies and digital platforms could potentially disintermediate traditional brokerage services. The cyclical nature of real estate markets limits pricing power during downturns. Additionally, the industry's relationship-driven nature means key talent departures can result in client losses. While CBRE's scale and diversification provide competitive advantages, the moat is moderate rather than insurmountable, requiring continuous investment in technology, talent, and client relationships to maintain market leadership.
Risks & safety
CBRE demonstrates a moderate margin of safety with mixed financial health indicators and reasonable valuation metrics. • Liquidity and Solvency: Cash position of $1.38 billion provides adequate liquidity buffer. Current ratio of 1.00 indicates tight working capital management typical for service businesses. Debt-to-equity ratio of 1.07 shows moderate leverage levels, manageable but requiring monitoring during economic downturns. • Cash Flow Concerns: Q1 2025 showed negative operating cash flow of -$546 million and negative free cash flow of -$610 million, primarily due to seasonal working capital patterns typical in CBRE's business model. Full-year 2024 generated positive $1.7 billion operating cash flow and $1.4 billion free cash flow, demonstrating underlying cash generation capability. • Valuation Metrics: Trading at 61.4x P/E ratio based on Q1 2025 earnings appears elevated, though this reflects seasonal earnings patterns. Full-year 2024 P/E of 41.5x remains high but more reasonable. EV/EBITDA of 26.2x suggests premium valuation. Price-to-book ratio of 4.8x indicates market expects continued strong returns on equity. • Other Considerations: Strong market position and diversified revenue streams provide some downside protection. Management's focus on increasing "resilient" business lines to 60%+ of profits reduces cyclical risk. However, exposure to commercial real estate cycles and high valuation multiples limit margin of safety during market stress periods.
Recent development
Over the past few years, CBRE has executed a strategic transformation focused on building more resilient, recurring revenue streams while expanding its total addressable market through strategic acquisitions and organic growth initiatives. The company's most significant strategic pivot has been increasing its "resilient businesses" - primarily the Global Workplace Solutions segment along with property management, loan servicing, and valuation services - to represent over 60% of total segment operating profit, up from approximately 50% previously. This shift reduces CBRE's dependence on cyclical transaction-based revenue from capital markets and leasing activities. Major acquisitions have reshaped CBRE's capabilities and market position. The combination of CBRE's project management business with Turner & Townsend created a $3.5 billion revenue platform, significantly expanding the company's presence in infrastructure, construction management, and technical consulting services. The acquisition of Industrious brought premium flexible workspace solutions, positioning CBRE in the growing hybrid work market. Direct Line Global enhanced CBRE's data center management capabilities, capitalizing on the infrastructure boom driven by cloud computing and artificial intelligence. Data center strategy represents a key growth focus, with CBRE increasing its data center profit contribution from 3% to almost 10% of total profits over three years. The company has built comprehensive capabilities across leasing, facilities management, project management, and development services for this high-growth sector. Organizational restructuring included reorganizing from three to four business segments to better align with market opportunities and client needs. Leadership changes in Investment Management and Advisory segments reflect the company's focus on optimizing performance across all business lines. The company has also invested heavily in technology and digital platforms to improve operational efficiency and client service delivery. Geographic expansion continues with particular emphasis on high-growth markets in Asia-Pacific, especially India and Japan, where CBRE sees significant long-term opportunities driven by economic development and increasing institutional real estate investment.
CBRE company profile · for informational purposes only — not investment advice.
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