CBRE raises profit forecast as data center expansion boosts real estate services demand

• The Dallas, Texas-based company, which provides leasing, mortgage services and property development, now expects 2026 core earnings per share between $7.80 and $7.90, compared with its earlier forecast of $7.60 to $7.80.
• The company said its revenue from building operations and experience segment rose 14.6% to $6.69 billion in the second quarter ended June 30.
• CBRE posted quarterly core earnings per share of $1.56, compared with $1.20 a year earlier.
• Total revenue for the quarter rose 15.5% to $11.23 billion from a year earlier. Analysts expected second-quarter revenue of $11.18 billion, according to data compiled by LSEG.

July 29 (Reuters) - CBRE raised its full-year profit forecast on Wednesday, as the company expects to gain from robust demand for its leasing and facilities management services amid rapid expansion of data centers.

The surge in spending on AI infrastructure is helping revive parts of the commercial real estate market, supporting property acquisitions, development projects and leasing demand, and benefiting firms such as CBRE.