Colliers Q1 Revenues Jump 15% to $1.31B, Secures $400M Financing
CIGI•Colliers posted Q1 revenues of $1.313 billion, up 15% year-over-year (12% in local currency), with net revenues rising 16% to $1.150 billion and adjusted EBITDA climbing 8% to $124.8 million. Adjusted EPS grew 5% to $0.91 while GAAP operating earnings reached $35.0 million and the company secured $400 million of long-term debt financing ahead of closing the Ayesa Engineering acquisition.
1. Q1 Financial Highlights
Colliers delivered consolidated revenues of $1.313 billion in Q1, up 15% (12% in local currency), and net revenues of $1.150 billion, up 16% (12% local). Adjusted EBITDA rose 8% to $124.8 million, adjusted EPS increased 5% to $0.91, GAAP operating earnings were $35.0 million versus $31.6 million last year, and GAAP diluted net loss per share was $0.47.
2. Strategic Financing and Acquisition
During the quarter the company strengthened its financial flexibility by securing $400 million of long-term debt financing and extending its revolving credit facility. These actions position Colliers to close its planned acquisition of Ayesa Engineering later this quarter, bolstering its Engineering service line and global project management capabilities.
3. Segment Performance
Commercial Real Estate revenues climbed 14% to $841.2 million, driven by a 47% surge in capital markets and solid leasing growth. Engineering revenues increased 23% to $336.8 million, fueled by recent acquisitions and internal growth, while Investment Management revenues rose 7% to $135.3 million, with EBITDA reflecting ongoing integration and fundraising investments under the HSAM brand.
