CBRE GROUP, INC. - CBRE STOCK NEWS

CBRE has been ranked as the top firm in commercial real estate investment sales globally for the tenth consecutive year, according to Real Capital Analytics (RCA). In 2020, CBRE held a 24.2% market share, surpassing its closest competitor by 860 basis points. The firm led sales across all major regions, including Americas, Asia Pacific, and EMEA. CBRE also dominated in various property types, with significant market shares in office (22.7%), logistics (30.0%), retail (23.2%), and apartments (22.8%).

CBRE Group, Inc. (NYSE:CBRE) has priced $500 million in 2.500% Senior Notes due 2031, issued by its subsidiary CBRE Services, Inc. The Notes, sold at 98.451% of face value, are set to settle on March 18, 2021, pending customary conditions. The estimated net proceeds of approximately $487 million will be utilized for general corporate purposes. Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC are joint book-running managers for this offering, conducted under an effective SEC shelf registration statement.

CBRE Group (NYSE:CBRE) announced that its President & CEO, Bob Sulentic, will present at the Citi 2021 Global Property Conference on March 8, 2021, at 2:45 p.m. Eastern time. The presentation will be conducted virtually, and interested investors can access a live audio webcast through the Investor Relations section of the company's website at www.cbre.com. A replay will be available within 24 hours and accessible for 90 days.

CBRE, a leading commercial real estate services firm, operates globally, employing over 100,000 professionals.

CBRE Group, Inc. (NYSE:CBRE) announced that Chief Financial Officer Leah Stearns will present at the Raymond James Annual Institutional Investors Conference on March 1, 2021, at 3:00 p.m. Eastern time. The presentation will be available via a live audio webcast on the company's Investor Relations website, with a replay accessible within 24 hours and available for 90 days. CBRE, the world's largest commercial real estate services firm, employs over 100,000 people and operates in more than 100 countries, providing a wide range of services including facilities management, property leasing, and investment management.

CBRE Group, Inc. (NYSE: CBRE) announced the launch of logistics development capabilities in Europe through its subsidiary, Trammell Crow Company (TCC). Ian Worboys, a logistics expert, will lead this initiative, aiming to serve clients across major European markets like the Czech Republic and Germany. The expansion is strategically timed with the growth of e-commerce, driving demand for logistics facilities. TCC plans to open offices in key locations and build a team to capitalize on these opportunities, emphasizing a robust market outlook for development.

CBRE Group reported Q4 and FY 2020 results with adjusted EPS hitting an all-time high. Q4 revenue fell 2.9% to $6.911 billion, while FY revenue decreased by 0.3% to $23.826 billion. GAAP EPS dropped 50.6% to $0.93. Adjusted EBITDA increased 9% in Q4 to $753 million, with a full-year adjusted EBITDA of $1.892 billion. The firm anticipates low double-digit adjusted EPS growth through 2025, despite ongoing challenges from Covid-19. Notable performance included a 49% rise in commercial mortgage revenue. The company maintains strong liquidity with $4.6 billion available.

CBRE Group, Inc. (NYSE:CBRE) has acquired a 35% stake in Industrious, a leader in premium flexible workplace solutions, positioning CBRE as its largest shareholder. The investment, worth approximately $200 million and involving a transfer of CBRE's Hana business, will soon increase to 40%. This strategic move aims to leverage the rising demand for flexible office spaces, with 86% of CBRE's clients planning to incorporate such solutions. CBRE executives will join Industrious' Board, fostering collaboration to develop innovative flex-space products.