CBRE Q4 Revenue Jumps 11.8% to $11.63B, EPS Beats at $2.73
CBRE reported Q4 revenue of $11.63 billion, up 11.8% from a year earlier, topping consensus by 1.02%, while EPS climbed to $2.73 from $2.32, beating forecasts by 2.63%. Investment management AUM stood at $155 billion versus estimates of $158.46 billion, with advisory and building operations volumes also exceeding guidance.
1. Q4 Financial Highlights
CBRE delivered revenue of $11.63 billion for Q4, an 11.8% year-over-year increase, surpassing the $11.51 billion consensus. Net income translated into EPS of $2.73, up from $2.32 a year ago, representing a 2.63% beat versus the $2.66 consensus estimate.
2. Segment Performance and AUM Metrics
Investment management AUM reached $155 billion, slightly below the $158.46 billion analyst estimate. Advisory services operating profit was $709 million, while building operations and experience generated $6.31 billion in revenue with $211 million operating income, both modestly ahead of forecasts.
3. Share Performance and Outlook
CBRE shares have underperformed, returning –9.4% over the past month versus –0.3% for the S&P 500. The company holds a Zacks Rank #3 (Hold), suggesting near-term performance in line with broader market trends.