Welcome to our dedicated page for Colliers Intl Group news (Ticker: CIGI), a resource for investors and traders seeking the latest updates and insights on Colliers Intl Group stock.
Colliers International Group Inc. (CIGI) is a diversified professional services and investment management company headquartered in Canada. With a global presence in more than 400 offices across 65 countries, Colliers employs approximately 18,000 individuals dedicated to delivering comprehensive real estate services and investment management to corporate and institutional clients.
The company's primary service lines include Outsourcing & Advisory, Investment Management, Leasing, and Capital Markets. Colliers operates through four distinct segments: Americas; Europe, Middle East, and Africa (EMEA); Asia and Australasia; and Investment Management. This operational structure allows Colliers to leverage regional expertise while maintaining a cohesive global strategy.
Recent achievements highlight Colliers' commitment to growth and market leadership. Notably, Sankey Prasad has expanded his leadership role to become Chairman and Managing Director for both India and the Middle East, further strengthening Colliers' presence in these key regions. Under Prasad's leadership, Colliers has diversified into new markets, developed cutting-edge technologies, and achieved significant year-over-year growth.
Financially, Colliers has demonstrated robust revenue growth, particularly in high-value recurring services. The company's annual revenues are approximately $4.3 billion, with $98 billion of assets under management. This financial strength supports Colliers' mission to maximize the potential of property and real assets, accelerating the success of clients, investors, and employees alike.
Colliers is also active in strategic acquisitions to bolster its capabilities and market reach. For example, the acquisition of key U.S. Northeast and Mid-Atlantic regions has enhanced Colliers' service offerings and client relationships in these areas.
Colliers' core values are reflected in its commitment to providing expert real estate and investment advice through a client-focused approach. The company continues to evolve in response to market trends, delivering innovative solutions that meet the diverse needs of clients worldwide.
With a strong leadership team and a clear vision for the future, Colliers remains a formidable player in the global real estate and investment management industry, consistently delivering value and driving growth for its stakeholders.
Colliers (NASDAQ and TSX: CIGI) has earned a spot on the IAOP's 2025 Global Outsourcing 100® list for the 19th consecutive year, maintaining its position among the world's top outsourcing service providers. The company offers comprehensive real estate solutions including transactional services, property management, valuation and advisory, and loan servicing.
The recognition follows a rigorous evaluation process by IAOP's independent panel of customer members. Colliers' success is attributed to its ability to help clients navigate modern challenges, including AI-driven insights, regulatory changes, evolving workforce expectations, and the demand for adaptive spaces. The company's approach focuses on enhancing client real estate portfolio performance across industries and geographies.
Colliers (NASDAQ, TSX: CIGI) has announced an agreement to acquire a controlling interest in Ethos Urban, an Australian urban planning and design advisory firm. Founded in 1992, Ethos Urban employs 160 professionals across offices in Sydney, Melbourne, and Brisbane, providing planning, urban design, engagement, and economic & social advisory services.
The transaction is expected to close in the first half of 2025, with Ethos Urban being rebranded as Colliers in the second half. Ethos Urban's senior leadership team will maintain significant shareholding under Colliers' partnership model. The firm's expertise has contributed to Australia's urbanization and development, with services provided to both public and private sector clients.
Colliers International Group (NASDAQ/TSX: CIGI) reported strong Q4 2024 results with revenues reaching $1.50 billion, up 22% year-over-year. Adjusted EBITDA increased 14% to $225.3 million, while Adjusted EPS rose 13% to $2.26.
For the full year 2024, revenues grew 11% to $4.82 billion, with adjusted EBITDA up 8% to $644.2 million. The company's Engineering segment showed the highest growth, driven by acquisitions in Canada, US, and Australia. Real Estate Services performed strongly in Capital Markets and Leasing, while Investment Management saw modest growth.
Notably, recurring revenues now account for 70% of earnings. The company's Engineering platform has expanded to over 8,000 professionals, with strong contractual backlogs. Looking ahead to 2025, Colliers expects continued growth, citing stabilizing interest rates, improving institutional allocations, and new investment products launches.
Colliers International Group Inc. (TSX & NASDAQ: CIGI) has announced that it will release its fourth quarter and full year 2024 financial results on February 6, 2025, at approximately 7:00am ET. The company will host a conference call to discuss these results at 11:00am ET on the same day.
The conference call will be led by Jay S. Hennick, Global Chairman & CEO, and Christian Mayer, CFO. Participants can join via telephone using the Toronto local number 1-289-819-1520 or the North America toll-free number 1-800-549-8228 with conference ID 30133. A webcast option will also be available through the company's website, with a replay accessible afterward through the webcast attendee link.
Colliers has announced the appointment of John Munday as the new CEO of Colliers UK, effective March 3, 2025. Munday, who joined Colliers in 2022 as Co-Head of Project & Building Consultancy, brings 30 years of industry expertise and will lead the UK business of over 1,000 employees.
He succeeds Tony Horrell, who is retiring after 14 years as CEO but will remain as non-executive chairman. Munday previously served as Co-Managing Director at Paragon before joining Colliers through a strategic partnership. Robert Perry will assume sole leadership of the Project & Building Consultancy service line following Munday's promotion.
Colliers International Group Inc. (TSX and NASDAQ: CIGI) has appointed John Sullivan to its Board of Directors, effective immediately. Sullivan brings over 30 years of real estate experience in acquisitions, dispositions, asset management, and development. He previously served as President and CEO of The Cadillac Fairview for 13 years until his retirement in 2023. His prior experience includes senior positions at Cadillac Fairview, Marathon Realty , and Brookfield Properties Sullivan currently serves on the board of MAF Properties and the Hospital for Sick Children.
Colliers International Group has announced a semi-annual cash dividend of US$0.15 per Common Share for both Subordinate Voting Shares and Multiple Voting Shares. The dividend will be payable on January 14, 2025 to shareholders of record as of December 31, 2024. The company confirmed this distribution aligns with their established dividend policy. For Canadian shareholders, this qualifies as an 'eligible dividend' for income tax purposes.
Colliers Engineering & Design has partnered with MG2 , a Seattle-based architecture and strategic planning firm. The partnership expands Colliers' presence in the U.S. Northwest and enhances its architectural capabilities. Founded in 1971, MG2 brings over 400 professionals across seven offices, specializing in retail, industrial, mixed-use, residential, food and beverage, and hospitality sectors. Under Colliers' partnership model, MG2's senior leadership will become significant shareholders in the combined business. The integration creates a national platform with over 3,000 employees across the U.S., offering enhanced consulting and design capabilities in every major region.
Colliers International Group has expanded and extended its unsecured multi-currency revolving credit facility to US$2.25 billion, up from US$1.75 billion. The new facility matures in November 2029, replacing the previous agreement due in May 2027. The expansion provides over $1 billion of capacity for new growth initiatives, with unchanged financial covenants. The transaction, led by Bank of Montreal and syndicated to 12 additional banks, ranks pari passu with Colliers' existing fixed rate senior notes maturing in 2028 and 2031.
Colliers (NASDAQ/TSX: CIGI) has been named World's Best Real Estate Advisor by the Euromoney Global Real Estate Awards. The company secured top rankings in 16 categories, including Best Real Estate Advisor titles in Asia Pacific and Europe, and Best Real Estate Agency in Latin America. This recognition builds upon their Best Global Agency win from the previous year, highlighting their excellence in real estate advisory and client service across global markets. The Euromoney Real Estate Awards recognize organizations demonstrating commercial success and commitment to technological advances and sustainability initiatives.
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