CBRE Group, Inc. Provides Recast Historical Financial Information for 2025 Business Segments

Rhea-AI Summary

CBRE Group (NYSE: CBRE) has announced a restructuring of its business segments effective January 1, 2025. The company has posted recast historical financial information for its new four-segment structure on its Investor Relations website.

Key changes include:

• Combining project management business with Turner & Townsend subsidiary
• Acquiring remaining equity interest in Industrious, a premium flexible workplace solutions provider
• Establishing a new Building Operations & Experience segment

The four new business segments are: (1) Advisory Services, (2) Building Operations & Experience, (3) Project Management, and (4) Real Estate Investments. The recast financial information covers the years 2022-2024. CBRE, headquartered in Dallas, remains the world's largest commercial real estate services and investment firm with over 140,000 employees serving clients in more than 100 countries.

Positive

• Strategic business restructuring to enhance operational efficiency
• Full acquisition of Industrious strengthens position in flexible workplace solutions
• Consolidation of project management with Turner & Townsend creates stronger unified segment

Negative

• None.

DALLAS--(BUSINESS WIRE)-- CBRE Group, Inc. (NYSE: CBRE) today announced that it has posted on its Investor Relations website certain recast historical financial information, including revenue by business line and operating profit, for the new business segment structure that went into effect on January 1, 2025.

As previously announced, CBRE combined its project management business with its Turner & Townsend subsidiary in early January 2025 and will report financial results for a fourth business segment, Project Management, beginning with the first quarter of 2025. Also in early January 2025, CBRE acquired the remaining equity interest in Industrious, a provider of premium flexible workplace solutions, and established a new business segment, Building Operations & Experience, comprised of enterprise and local facilities management and property management, which includes flexible workplace solutions.

The company’s four business segments, effective January 1, 2025, are (1) Advisory Services; (2) Building Operations & Experience; (3) Project Management; and (4) Real Estate Investments.

Recast historical financial information for these segments for the years ended December 2024, 2023, and 2022 can be accessed here.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com. We routinely post important information on our website, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at https://ir.cbre.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, Securities and Exchange Commission filings and public conference calls and webcasts.

Forward-Looking Statements

Certain of the statements in this release that do not concern purely historical data are forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our management's expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements and other risks and uncertainties to our business in general, please refer to our SEC filings, including our Form 10-K for the fiscal year ended December 31, 2024 and our most recent quarterly filings on Form 10-Q. Such filings are available publicly and may be obtained from our website at www.cbre.com or upon request from the CBRE Investor Relations Department at investorrelations@cbre.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250320831383/en/

For further information:

Chandni Luthra - Investors

212.984.8113

Chandni.Luthra@cbre.com

Steve Iaco - Media

212.984.6535

Steven.Iaco@cbre.com

Source: CBRE Group, Inc.

FAQ

What are CBRE's new business segments effective January 2025?

CBRE's four new segments are: Advisory Services, Building Operations & Experience, Project Management, and Real Estate Investments.

How did CBRE restructure its project management business in 2025?

CBRE combined its project management business with its Turner & Townsend subsidiary to create a new Project Management segment.

What is the significance of CBRE's Industrious acquisition in 2025?

CBRE acquired the remaining equity in Industrious, incorporating it into the new Building Operations & Experience segment alongside facilities and property management services.

What period does CBRE's recast financial information cover?

The recast financial information covers the years 2022, 2023, and 2024 for all new business segments.