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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 has been recognized as one of the top three global brands in commercial real estate by The Lipsey Company for the sixth consecutive year. This acknowledgment highlights the company's strong global brand, platform, and leadership. The ranking is based on a comprehensive survey involving voting, focus groups, and interviews conducted by The Lipsey Company, a leader in commercial real estate training and consulting. Colliers operates in 65 countries with 18,000 professionals, generating annual revenues of $4.5 billion and managing $98 billion in assets. The company emphasizes its commitment to building relationships and accelerating success for clients and investors.
Colliers has been recognized by the International Association of Outsourcing Professionals in the 2023 Global Outsourcing 100 list for the 17th consecutive year, solidifying its position in the Leader category. This acknowledgment underscores Colliers’ commitment to delivering outstanding results amid ongoing challenges in the outsourcing sector. The evaluation was based on a thorough scoring methodology, including insights from an independent panel of experts. With operations in 65 countries and annual revenues of $4.5 billion, Colliers continues to maximize asset potential, supporting its clients and investors effectively.
Colliers International Group (CIGI) reported strong full-year performance driven by high-value recurring revenues. For Q4 2022, revenues reached $1.22 billion, a 9% decline from Q4 2021, while adjusted EBITDA increased by 6% to $202.7 million. Adjusted EPS rose by 3% to $2.31. Despite a GAAP operating earnings drop to $103.8 million, the full year results showed a 9% revenue increase to $4.46 billion, with adjusted EBITDA rising 16% to $630.5 million and adjusted EPS up 13% to $6.99. The company continues to emphasize its diversified business model, reporting that recurring revenues now account for 58% of proforma EBITDA, aiming for 65% by 2025.
Colliers International Group (NASDAQ, TSX: CIGI) will release its financial results for the fourth quarter and full year ended December 31, 2022, on February 9, 2023, at 7:00 AM ET. A conference call hosted by Global Chairman & CEO Jay S. Hennick and CFO Christian Mayer will follow at 11:00 AM ET the same day. Participants must pre-register for the call to receive the dial-in details. Colliers operates in 63 countries and has generated annual revenues of $4.6 billion, managing $92 billion in assets. The company has achieved a compound annual investment return of 20% for shareholders over 27 years.
On January 10, 2023, Colliers (NASDAQ and TSX: CIGI) appointed Luke Dawson as Head of Global Capital Markets, a role where he will shape the strategic agenda for Colliers Capital Markets. Dawson, who has been with Colliers since 2004, will also continue his current responsibilities as Capital Markets leader for EMEA. His leadership aims to enhance client investment strategies through expert advice and access to capital. With 1,500 capital markets professionals globally, Colliers emphasizes its commitment to growth and client service, recently bolstering its capabilities through the acquisition of Pangea.
Colliers (CIGI) anticipates global real estate market stabilization by mid-2023 after a volatile year driven by geopolitical tensions and uneven monetary policy. Although pricing resets are evident in the UK and US, outcomes will vary by sector and region. Investor interest is expected to rise as central banks halt rate hikes, while liquidity and sustainability are shaping opportunities in distressed markets. Key investor challenges include rising interest rates, inflation, and supply chain issues, which are heightening operational costs and impacting investment strategies.
Colliers International Group (CIGI) has declared a semi-annual cash dividend of US$0.15 per Common Share, payable on January 13, 2023. Shareholders of record by December 30, 2022 will receive this dividend, which qualifies as an eligible dividend for Canadian tax purposes. Colliers operates in 63 countries and reported annual revenues of US$4.6 billion with US$92 billion in assets under management, demonstrating a strong commitment to shareholder returns.
Colliers (NASDAQ and TSX: CIGI) has announced the acquisition of a majority stake in Belsquare, a prominent Belgian commercial real estate advisor. This move enhances Colliers' presence in the Benelux region, merging Belsquare's operations with Colliers Belgium, which will now operate with over 70 professionals. The acquisition aims to provide a comprehensive suite of services including capital markets advisory and property management. Senior management from Belsquare will lead the new entity while retaining a significant equity stake, aligning with Colliers’ partnership model.
Colliers Acquires Majority Stake in BelSquare
On December 6, 2022, Colliers (NASDAQ: CIGI) announced its acquisition of a majority interest in BelSquare SRL, a Belgium real estate advisory firm. This strategic move combines BelSquare's team with Colliers’ established Belgium operations, creating a combined workforce of 70 professionals. The acquisition is aimed at enhancing service offerings in Agency, Capital Markets, and Occupier Services. Leadership will be under the co-heads from BelSquare, and the integration is expected to significantly boost revenue and market presence.
Colliers Acquires Pangea Property Partners to Strengthen Nordic Operations
On December 2, 2022, Colliers (CIGI) announced the acquisition of Pangea Property Partners, enhancing its service capabilities in Norway and Sweden. The merger results in a Nordic region team of over 550 professionals, including 80 capital markets experts, making Colliers the market leader. Key leaders from both companies will oversee the new structure, with Bård Bjølgerud as CEO of Colliers Nordics. This strategic move aims to leverage Colliers’ global platform for improved service delivery to clients across the region.
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