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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 International Group (NASDAQ, TSX: CIGI) has been named a top-rated global outsourcing company for the 16th consecutive year by the International Association of Outsourcing Professionals (IAOP). Recognized in the Leader category of the 2022 Global Outsourcing 100, this acknowledgment highlights Colliers’ innovative solutions that assist clients in optimizing supply chains and enhancing real estate experiences amidst challenges posed by the COVID-19 pandemic. The assessment is based on a rigorous scoring methodology that involves an independent review of outsourcing service providers.
Colliers International Group reported impressive fourth quarter results for 2021, with revenues reaching $1.35 billion, a 47% increase year-over-year. Full-year revenues surpassed $4 billion, marking a 47% growth compared to 2020. Adjusted EBITDA for the quarter stood at $192 million, up 24%, while adjusted EPS rose 26% to $2.25. Despite a GAAP operating loss due to a settlement linked to the CEO's Long-Term Incentive Arrangement, Colliers noted strong performance across all services. The company also secured over $6 billion in new capital for its Investment Management segment, enhancing its assets under management to over $50 billion.
Colliers has appointed Poonam Puri to its Board of Directors, enhancing its expertise in corporate governance, strategy, and ESG. Puri, a distinguished law professor and former Ontario Securities Commission commissioner, brings extensive board experience across various sectors. CEO Jay Hennick expressed confidence that her leadership will strengthen the board's capabilities. Puri has received multiple accolades for her governance excellence and looks forward to contributing to Colliers' innovative solutions. The company continues to deliver strong financial performance, with annualized revenues of $3.6 billion.
Colliers (CIGI) announced a strategic investment in Basalt Infrastructure Partners LLP, acquiring 75% ownership. The transaction, valued with over $8.5 billion in assets, is set to close in the second half of 2022, pending customary approvals. This partnership aims to enhance Colliers' investment management platform, focusing on infrastructure equity across utility, transportation, and energy sectors. Post-transaction, Colliers anticipates an annual management fee revenue of $65 to $70 million and adjusted EBITDA of $35 to $40 million, indicating significant future growth potential.
Colliers International Group (CIGI) will release its fourth quarter and full-year financial results for the period ending December 31, 2021, on February 10, 2022, at 7:00 AM ET. The conference call to discuss these results is scheduled for the same day at 11:00 AM ET, hosted by Global Chairman & CEO Jay S. Hennick and CFO Christian Mayer. Participants can join via toll-free or international numbers. The call will also be available for rebroadcast for 60 days.
The company is known for delivering significant investment returns and managing substantial assets globally.
Colliers International Group (CIGI) has announced a semi-annual cash dividend of US$0.15 per Common Share, up from US$0.05. This dividend will be payable on January 12, 2022, to shareholders on record as of December 31, 2021. The increase is the first since 2016, attributed to significant growth in operating cash flow and resilient earnings, with over 50% coming from recurring sources. Colliers will reevaluate its dividend policy in light of growth and financial factors.
BCS Data Center Operations has been selected by a leading global colocation provider to deliver 24/7 onsite physical security at multiple North American data center sites. This decision stems from an increased focus on enhancing physical security to mitigate risks associated with critical infrastructure assets. BCS will provide a range of services including security-access administration and incident documentation. This contract reflects a growing need among data center owners to scrutinize their physical security measures.
Colliers has launched Colliers SmartFlex, a new technology platform aimed at enhancing its flex office space advisory services. This innovative application provides a comprehensive database of flex space options across 90 global markets and includes a transaction workflow manager for efficient client interactions. The platform is designed to support companies returning to the office post-pandemic, aligning with Colliers' global ESG strategy. Key benefits include real-time market insights, streamlined workflows, and rapid response capabilities.
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