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Cbre Group - CBRE STOCK NEWS

Welcome to our dedicated page for Cbre Group news (Ticker: CBRE), a resource for investors and traders seeking the latest updates and insights on Cbre Group stock.

CBRE Group, Inc. (NYSE: CBRE) is the world's largest commercial real estate services and investment firm, based on 2023 revenue. A Fortune 500 and S&P 500 company, CBRE is headquartered in Dallas and operates with a global workforce of over 130,000 employees, including Turner & Townsend employees, across more than 100 countries.

CBRE provides a wide range of integrated services, which cater to real estate owners, investors, and occupiers. These services include facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services; and development services.

The company's investment management arm manages over $140 billion for clients with diverse public and private real estate strategies. In addition, CBRE is at the forefront of ESG (Environmental, Social, and Governance) initiatives, leveraging technology to enhance sustainability and operational efficiency in the commercial real estate sector.

One of CBRE's recent significant advancements is its role in the burgeoning electric vehicle (EV) infrastructure market. The company has partnered with EV+, a provider of on-site electric vehicle charging infrastructure solutions, to deploy EV charging systems at 10,000 U.S. commercial properties over the next five years. This initiative addresses the increasing demand for convenient and reliable EV charging stations, promoting sustainable practices in commercial real estate.

CBRE also focuses on technology's impact on real estate, as highlighted during the Property Council of Australia's Technology Summit. The company emphasizes the importance of integrating intelligent building systems and harnessing data analytics to achieve ESG targets and improve property management.

Furthermore, CBRE has formed a strategic alliance with Zimmer Biomet Holdings, Inc. to develop and outfit orthopedic ambulatory surgery centers (ASC) in the U.S. This collaboration aims to combine CBRE's expertise in commercial real estate with Zimmer Biomet's leadership in medical technology to enhance patient care and access to advanced medical facilities.

For the latest updates and more information, visit CBRE's official website at www.cbre.com.

News

CBRE Group, Inc. Reports Financial Results for Q4 and Full Year 2023

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CBRE Group, Inc. (NYSE:CBRE) reported strong Q4 2023 results with GAAP EPS rising to $1.55 and Core EPS to $1.38. However, FY 2023 saw a decline in both GAAP and Core EPS. Revenue increased by 9.2% in Q4 and 3.6% for FY 2023. Net income surged by 487.9% in Q4 but declined for the full year. Cash flow from operations rose by 4.8% in Q4 but decreased significantly for the year. CBRE expects mid-teens percentage growth in core earnings-per-share for 2024.
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MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for February 2024 and Availability of 19(a) Notice

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MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) announces monthly distributions for February 2024, with a current annualized distribution rate of 12.29%. The Fund's closing price on February 12, 2024, was $12.21, and the closing NAV was $14.09.
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U.S. Building Performance Standards in 2023 and Beyond

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CBRE EA's report highlights the increasing adoption of Building Performance Standards (BPS) by local and state governments to combat greenhouse gas emissions and support building decarbonization. Momentum is growing for a collaborative approach, with the National Building Performance Standards Coalition aiming to implement policies by Earth Day 2024. Penalties for non-compliance vary, aiming to encourage accountability and accelerate decarbonization.
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Electric Vehicle Trends and Challenges for Industrial Real Estate

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CBRE Group, Inc.'s press release highlights the growing demand for electric vehicles (EVs) and the resulting need for manufacturing facilities, assembly plants, and distribution centers in North America. The EV sector is experiencing significant growth, driven by factors such as environmental benefits, availability, affordability, and government incentives. The industry is projected to generate substantial revenue, with EVs expected to account for a significant portion of new vehicle sales by 2030. Major automotive manufacturers, including Ford, General Motors, and Tesla, are increasing their EV production. Investments in EV manufacturing facilities are on the rise, with multi-billion dollar projects underway in various states across the U.S.
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Boosting Office Attendance: Selling & Delivering Workplace Value to Employees

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CBRE Group, Inc. and CoreNet Global conducted a survey revealing that companies and employees are not aligned on office attendance expectations. While 92% believe the office is important for corporate success, there is a disconnect between leadership's expectations and actual employee behavior. The report provides recommendations for aligning employee attendance with corporate goals, with data showing that actual office attendance is 2.8 days per week, lower than the desired 3.4 days. This misalignment presents an opportunity for companies to improve employee attendance and align behaviors with expectations.
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Arlington Capital Partners to Sell J&J Worldwide Services to CBRE

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Arlington Capital Partners has agreed to sell J&J Worldwide Services to CBRE Group Inc. for up to $1.05 billion. J&J is a leading provider of essential, preventative maintenance activities to the U.S. Federal Government with over 250 hospitals, clinics, and military installations and 3,300 employees globally. The purchase price includes $800 million of upfront cash and up to $250 million of contingent consideration. The acquisition is expected to close in the coming months.
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CBRE Group, Inc. Expands Public Sector Capabilities with Agreement to Acquire J&J Worldwide Services

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CBRE Group, Inc. (NYSE:CBRE) has announced the acquisition of J&J Worldwide Services for $800 million in cash, with a potential earn-out of $250 million. J&J is projected to produce over $525 million in revenue and $65 million in EBITDA in 2024. The acquisition is expected to be accretive to CBRE’s earnings in 2024 and will enhance its technical services capabilities, increase revenue resilience, and expand its government client base within Global Workplace Solutions. J&J primarily serves the U.S. Department of Defense through long-term, fixed-price contracts, and employs over 3,300 people worldwide, serving more than 250 hospitals, clinics, and military installations worldwide.
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Fortune Names CBRE a World’s Most Admired Company for 14th Straight Year

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CBRE Group, Inc. (NYSE:CBRE) has been named to Fortune’s World’s Most Admired Companies roster for the 14th year in a row. The company led the real estate sector in six performance attributes and placed second in three others. Fortune evaluated 660 companies from 29 countries, with CBRE consistently showing strong corporate reputation. Bob Sulentic, CBRE’s chair and CEO, attributed this success to the company's focus on excellence and its people's dedication.
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CBRE Leads U.S. Investment Sales Activity in 2023 for 18th Consecutive Year

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CBRE has been ranked as the top firm for commercial real estate investment sales in the U.S. by MSCI Real Assets for the 18th consecutive year. They achieved a 14.2% market share across all property types in 2023, outperforming the next highest competitor by 620 basis points. CBRE also held the top spot in MSCI’s U.S. rankings across the five largest asset classes—office, industrial, retail, multifamily, and hotels.
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Momentum Growing for Use of Building Performance Standards To Support Commercial Real Estate Decarbonization

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CBRE Group, Inc. analyzes the financial impact and upsides of regulations aimed at reducing buildings' carbon emissions in the real estate sector. The report identifies actions to aid compliance with building performance standards (BPS) being implemented in ten local U.S. jurisdictions, including financial penalties for non-compliance. The potential financial impact for a 500,000 sq. ft. office building that fails to meet energy- or emissions-reduction mandates in cities with active BPS policies is analyzed, revealing a reduction in net operating income (NOI) by 5.1 to 5.8%. The report emphasizes the need for a strategic approach to sustainability as a prerequisite for any major capital investment, outlining the importance of cooperation between building owners and tenants through green lease clauses and submetering. Momentum is growing for more BPS implementation, and the industry's understanding of the urgent need to act is advancing every day.
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FAQ

What is the current stock price of Cbre Group (CBRE)?

The current stock price of Cbre Group (CBRE) is $135.78 as of February 21, 2025.

What is the market cap of Cbre Group (CBRE)?

The market cap of Cbre Group (CBRE) is approximately 42.5B.

What services does CBRE Group, Inc. provide?

CBRE offers facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

Where is CBRE Group, Inc. headquartered?

CBRE is headquartered in Dallas, Texas.

How many employees does CBRE have?

CBRE employs over 130,000 people, including Turner & Townsend employees, worldwide.

What recent initiatives has CBRE undertaken in the EV infrastructure market?

CBRE has partnered with EV+ to deploy electric vehicle charging systems at 10,000 U.S. commercial properties over the next five years.

What is CBRE's approach to ESG initiatives?

CBRE leverages technology to enhance sustainability and operational efficiency in commercial real estate, aiming to meet ESG targets through intelligent building systems and data analytics.

How does CBRE support the healthcare sector?

CBRE has partnered with Zimmer Biomet Holdings, Inc. to develop and outfit orthopedic ambulatory surgery centers (ASC) in the U.S., combining real estate expertise with advanced medical technology.

What is the focus of CBRE's investment management arm?

CBRE's investment management arm manages over $140 billion for clients across diverse public and private real estate strategies.

What are the core markets served by CBRE?

CBRE serves real estate owners, investors, and occupiers in more than 100 countries worldwide.

How does CBRE leverage technology in real estate?

CBRE integrates technology to make buildings more intelligent, improve operational efficiency, and achieve sustainability goals.

Where can I find more information about CBRE Group, Inc.?

For more information, visit CBRE's official website at www.cbre.com.
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Cbre Group

NYSE:CBRE

CBRE Rankings

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CBRE Stock Data

42.51B
297.90M
0.63%
99.08%
1.6%
Real Estate Services
Real Estate
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United States
DALLAS