Thank you for joining the prerecorded April 7, 2020 Colliers International Group, Inc. Annual General Meeting Conference Call. Please note that due to technical issues, the formal component of the shareholder meeting was not recorded. For detailed voting result, on each matter of formal business at the meeting, please see the press release and report on voting results issued by the company and filed on www.sedar.com on April 8 2020. A recording of the address of Jay Hennick, Collier's Chairman and Chief Executive Officer that followed the formal business of the meeting, will play immediately after this message.
Thank you, ladies and gentlemen. We have completed the, formal part of the annual meeting So I'm going to begin today by saying that, no one could have predicted the COVID 19 pandemic. And the economic stress that it has created. In mid February, I published my annual letter to shareholders which was included in our annual report. As I prepared my comments for today's meeting, I was shocked by how many things have changed in just 6 short weeks.
Despite all of this, our leadership teams at all levels have moved quickly and are working diligently to navigate through that have stood the test of time prioritizing the protection of our people and our business, while continuing to provide the best possible advice to our clients. In doing so over the years, we have built a highly respected global real estate services an investment management leader with more than 15,000 professionals operating in 68 countries around the world. I would like to take a moment to recognize all the enterprising and collaborative people at Colliers for the way they've responded, adapted, and remain connected to their teams and to their clients. I also wanna thank them personally for going above and beyond for our stakeholders. Let me say that one thank you to the Colliers team.
Our shareholders know that creating value or in times like these preserving value has always been critically important to us. Over feeds volumes about the way we operate and thrive through different business cycles. This decline is no exception. We're confident that our proven track record diversified business model, enterprising culture, and experience leadership will enable callers to withstand this crisis better than most and come up the other side ahead of our field. And entering the pandemic, and we entered the pandemic in a position of great strength.
In 2019, we delivered record operating results with revenues that surpassed $3,000,000,000 mark for the first time. We also completed several acquisitions that strengthened and diversified our business even further. The fact is however, what happened last year or in the 1st few months of this year no longer matters. All that matters now is what we do from here. Businesses across most industries have been hit hard, and our industry is no exception.
Revenues many companies are drying up quickly as com as customers are rightfully staying home and distancing themselves. Thankfully, 45% of our revenues and as much as 50% of our EBITDA come from outsourcing, advisory, and investment management, services that are more essential, recurring, and contractual. We have worked diligently over the years to increase the revenues from this segment of our business so that we could weather the storm in a downturn. So far, these revenues have remained stable with some variability depending upon local market dynamics. The balance of our business although our variable cost structure does help to automatically adjust our costs versus expected revenue streams.
Regardless, we are making tough but necessary decisions to adapt to the current environment, while ensuring we continue to deliver for advice to our clients, which is needed now more than ever. Our professionals are busy helping clients make important decisions about their property, about their leases and are also assisting those hoping to capitalize on the crisis. And commercial real estate as decisions are made and transactions materialize, revenues and variable follow. Colliers also benefits from our globally diverse revenue streams. About 55% of our revenues comes from the Americas, but the balance is split almost equally between EMEA and Asia Pacific.
As markets return, those that recover first will share lessons with the others. So far, we're seeing some new business activity in China and in other parts of Asia, which could represent an early Overall, it's hard to predict what the coming months and weeks have in store for us as this crisis continues to affect our global economy. What I do know is that Colliers is always ready to act responsibly and swiftly when it comes to ensuring our operations remain strong, enabling us to capitalize on opportunities as we have done in the past. Stronger than most. 1st, our leadership.
As I said, I'm proud of our management teams in each of our regions and business units across the globe. As a group, they're making important decisions with paced, well-being clear, concise and caring. Our operators are experienced and committed, so I'm confident they'll serve us well. 2nd, our liquidity. 1 of our major priorities is to preserve our liquidity and maintain our strong balance sheet.
We continue to run sensitivities to ensure we're well fortified. This combined with taking the right actions now will allow us to withstand Everyone knows that Colliers' experts are the most enterprising collaborative in the business, whether it's our knowledge leader platform launched by our U. S. Team, where the microsites developed by our Asia Pacific, Canadian and EMEA teams to help clients understand the impact of COVID 19, we have seen countless examples of our Finally, and perhaps most importantly, our entrepreneurial culture and significant ownership. Our leadership team owns about 40 percent of the equity in our company, substantially more than any of our competitors and this gives us a huge advantage.
Not only are we perfectly aligned with our shareholders, but each of our people at skin in the game, giving them the ultimate motivation to make the right decisions expeditiously. Without question, we will continue to be tested in the coming months in ways we can't anticipate. However, I'm confident we're up to the challenge. I believe in our brand and our business model. I believe in our leadership teams, our economy and Colliers International will come out of this crisis better and more united than ever.
Let's all keep calm and carry on. That concludes my comments today. And, I'm hoping everyone on this call, remains safe during this unfortunate and unprecedented crisis. Thanks for joining us for this year's unusual annual meeting of shareholders. Thanks again.
Ladies and gentlemen, this concludes the annual meeting of shareholders conference call. Thank you for your participation, and have a nice day.