Cbre Group Stock Price, News & Analysis

CBRE has been awarded the 2022 ENERGY STAR Partner of the Year Sustained Excellence Award by the U.S. Environmental Protection Agency, marking the 15th consecutive year of recognition. This prestigious award highlights CBRE's commitment to energy efficiency and combating climate change. With over 7.1 billion square feet of managed property, CBRE plays a vital role in reducing carbon emissions. In 2021, the company benchmarked 5,941 buildings representing 346.9 million square feet. Additionally, CBRE was ranked #11 on Barron's list of the 100 Most Sustainable Companies in the U.S.

CBRE Group reported strong Q1 2022 results, with net income up 47% to $392 million and GAAP EPS up 48% to $1.16. Core adjusted net income surged 71% to $469 million and Core EPS rose 72% to $1.39. Revenue reached $7.33 billion, a 23.5% increase year-over-year. Key business segments, particularly Advisory Services and Global Workplace Solutions, saw significant revenue growth of 31.6% and 19.4%, respectively. The company also repurchased shares totaling $627 million. Despite operational cash flow losses, CBRE's robust liquidity stood at $4.6 billion.

The sale of The Berkman, a 350-unit multifamily community in Rochester, Minnesota, to CBRE Investment Management was announced by Kayne Anderson Real Estate and Alatus. The property, strategically located near the Mayo Clinic, offers numerous amenities and sustainable features, including efficient electric heat pumps and low-flow plumbing. The sale highlights the property's strong demographic fundamentals and its appeal to the medical and educational sectors. The transaction showcases both companies' commitment to ESG standards and community revitalization. Total management assets for KA Real Estate stand at $14 billion.

The CBRE Global Real Estate Income Fund (NYSE: IGR) has declared a monthly distribution of $0.06 per share for April 2022, maintaining an annualized distribution rate of 8.0% based on the market price. The Ex-Dividend date is set for April 19, 2022, with a record date of April 20, 2022, and payment on April 29, 2022. The fund's year-to-date distributions total $0.22 per share, with estimated allocations showing that 55% comes from net investment income. However, future earnings are not guaranteed, and the fund's distribution policy is subject to change.

CBRE Group, Inc. (NYSE: CBRE) will announce its Q1 2022 financial results on May 5, 2022, at approximately 6:55 a.m. Eastern time. A conference call is scheduled for 8:30 a.m. Eastern time on the same day to discuss these results. Investors can access the call through the Investor Relations section of the company’s website, which will also feature a supplementary slide presentation. The call will be available for replay for one week after the event. CBRE, headquartered in Dallas, is the largest commercial real estate services firm globally.

Trammell Crow Company (TCC) has partnered with Altus Power (NYSE: AMPS) to integrate clean electrification solutions in TCC's real estate projects. This multi-year partnership aims to implement solar power generation, battery storage, and EV charging across 35 million sq. ft. of U.S. industrial assets, generating 300 MW of solar power in the next three to four years. TCC's CEO, Mike Lafitte, highlighted the partnership's potential to reduce the carbon footprint, while Altus Power's Co-CEO, Lars Norell, emphasized opportunities in the commercial solar market.

CBRE Investment Management and Altus Power have announced a partnership to establish rooftop community solar projects in Maryland. This initiative aims to deliver renewable energy for roughly 5,700 residential customers and CBRE IM logistics tenants. The solar systems, totaling approximately 20MW, will provide power to both commercial and residential users, with 30% allocated to low and moderate-income households. This collaboration enhances CBRE IM's sustainability goals and supports their clean energy transition, according to executives from both companies.

Nate Paul's World Class Holdings has sold a 64-property self-storage portfolio to CBRE and William Warren Group for $588 million. Spanning over 4.1 million rentable square feet across 10 states including Texas and Ohio, this transaction marks one of the largest private deals in the self-storage sector. The facilities were previously managed by Great Value Storage and do not include properties in California. World Class intends to continue investing in the self-storage sector with over 2 million square feet of developments underway.