CBRE Group, Inc. (CBRE)

NYSE: CBRE · IEX Real-Time Price · USD
81.41
+2.45 (3.10%)
At close: Dec 1, 2023, 4:00 PM
81.26
-0.15 (-0.18%)
Pre-market: Dec 4, 2023, 8:02 AM EST
3.10%
Market Cap 24.81B
Revenue (ttm) 31.19B
Net Income (ttm) 589.96M
Shares Out 304.79M
EPS (ttm) 1.90
PE Ratio 42.85
Forward PE 19.95
Dividend n/a
Ex-Dividend Date n/a
Volume 1,771,571
Open 79.17
Previous Close 78.96
Day's Range 78.98 - 81.56
52-Week Range 64.63 - 89.58
Beta 1.39
Analysts Buy
Price Target 89.14 (+9.5%)
Earnings Date Oct 27, 2023

About CBRE

CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices; industrial and retail space; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction man... [Read more]

Sector Real Estate
IPO Date Jun 10, 2004
Employees 115,000
Stock Exchange NYSE
Ticker Symbol CBRE
Full Company Profile

Financial Performance

In 2022, CBRE Group's revenue was $30.83 billion, an increase of 11.11% compared to the previous year's $27.75 billion. Earnings were $1.41 billion, a decrease of -23.37%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for CBRE stock is "Buy." The 12-month stock price forecast is $89.14, which is an increase of 9.50% from the latest price.

Price Target
$89.14
(9.50% upside)
Analyst Consensus: Buy
Stock Forecasts

News

CBRE's Board Appoints CEO Robert Sulentic as Board Chair

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today announced that its Board of Directors has appointed Chief Executive Officer Robert Sulentic to the additional role of Chair of the Board of ...

17 days ago - Business Wire

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for November 2023 and Availability of 19(a) Notice

NEW YORK , Nov. 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for November 2023 of $0.125...

Other symbols: MEGI
19 days ago - PRNewsWire

CBRE Group, Inc. Reports Financial Results for Third-Quarter 2023

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the third quarter ended September 30, 2023. Consolidated Financial Results Overview The following table prese...

5 weeks ago - Business Wire

Top 5 Real Estate Stocks That Could Lead To Your Biggest Gains in October - CubeSmart (NYSE:CUBE), CBRE Group (NYSE:CBRE)

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Other symbols: CUBEFPHNSAZ
5 weeks ago - Benzinga

CBRE Named to 100 Best Corporate Citizens of 2023

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) has been named to 3BL's annual 100 Best Corporate Citizens ranking for the fifth consecutive year. CBRE was the only real estate company to earn a...

6 weeks ago - Business Wire

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for October 2023 and Availability of 19(a) Notice

NEW YORK , Oct. 13, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for October 2023 of $0.1250...

Other symbols: MEGI
7 weeks ago - PRNewsWire

CBRE Group, Inc. Announces Details of Conference Call and Webcast for Third Quarter 2023 Financial Results

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE: CBRE) will release its third quarter 2023 financial results at approximately 6:55 a.m. Eastern time on Friday, October 27, 2023. Management will hold a...

2 months ago - Business Wire

CBRE Enters into Partnership to Accelerate Carbon Emission Reductions Across Global Supply Chain

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today announced a strategic partnership with Emitwise, a leading carbon accounting software provider, to collect greenhouse gas emissions (GHG) da...

2 months ago - Business Wire

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for September 2023 and Availability of 19(a) Notice

NEW YORK , Sept. 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for September 2023 of $0.1...

Other symbols: MEGI
2 months ago - PRNewsWire

CORRECTING and REPLACING CBRE Group, Inc. to Present at the Barclays 2023 Global Financial Services Conference

DALLAS--(BUSINESS WIRE)--Event time in first paragraph of release should read 10:30 am (instead of 10 am). The updated release reads: CBRE GROUP, INC. TO PRESENT AT THE BARCLAYS 2023 GLOBAL FINANCIAL ...

3 months ago - Business Wire

CBRE Group, Inc. to Present at the Barclays 2023 Global Financial Services Conference

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) announced today that Emma Giamartino, CBRE's Chief Financial Officer, will participate in a fireside chat at the Barclays 2023 Global Financial Se...

3 months ago - Business Wire

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Increased Monthly Distribution for August 2023 and Availability of 19(a) Notice

NEW YORK , Aug. 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for August 2023 of $0.1250 ...

Other symbols: MEGI
4 months ago - PRNewsWire

CBRE Announces New Executive Leadership Roles

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE: CBRE) today announced the promotion of two accomplished leaders to senior executive roles. Chad Doellinger has been promoted to General Counsel. Mr. Do...

4 months ago - Business Wire

CBRE Group, Inc. Reports Financial Results for Second-Quarter 2023

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the second quarter ended June 30, 2023. Consolidated Financial Results Overview The following table presents ...

4 months ago - Business Wire

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Announces a 15% Increase to the Distribution Rate and Webinar with Portfolio Management on August 9th, 2023

NEW YORK, July 26, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) announces a 15% increase in the regular monthly distribution rate, to $0.125/...

Other symbols: MEGI
4 months ago - PRNewsWire

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for July 2023 and Availability of 19(a) Notice

NEW YORK , July 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for July 2023 of $0.1083 pe...

Other symbols: MEGI
5 months ago - PRNewsWire

CBRE Group, Inc. Announces Details of Conference Call and Webcast for Second Quarter 2023 Financial Results

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE: CBRE) will release its second quarter 2023 financial results at approximately 6:55 a.m. Eastern time on Thursday, July 27, 2023. Management will hold a...

5 months ago - Business Wire

CBRE Group, Inc. Announces Pricing of $1 Billion Senior Notes Offering

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) (the “Company”) today announced the pricing of the offering of $1 billion in aggregate principal amount of 5.950% Senior Notes due 2034 (the “Note...

5 months ago - Business Wire

New York Life Investments Announces Name Change for the MainStay CBRE Global Infrastructure Megatrends Fund

NEW YORK , June 20, 2023 /PRNewswire/ -- New York Life Investments today announced a name change for MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) to MainStay CBRE Glob...

Other symbols: MEGI
5 months ago - PRNewsWire

Acore Capital's Warren De Haan say he's finding opportunities in multifamily real estate

Warren De Haan, Acore Capital co-CEO, joins 'The Exchange' to discuss lender strength and where to find opportunity in credit and commercial real estate.

Other symbols: BXPKIMKRCPLDSLG
6 months ago - CNBC Television

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Declares Monthly Distribution for June 2023 and Availability of 19(a) Notice

NEW YORK , June 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for June 2023 of $0.1083 per com...

Other symbols: MEGI
6 months ago - PRNewsWire

CBRE Group, Inc. to Present at the Morgan Stanley 2023 U.S. Financials, Payments & CRE Conference

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) announced today that Emma Giamartino, CBRE's Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley 2023 U.S. Financia...

6 months ago - Business Wire

Renewed Analyst Sentiment for CBRE Group Stock: Buy the Dip?

These renewed targets come amid the company's recent 11-cent per-share beat in earnings. As the stock bounces off its lowest book-to-value ratios since the 2008 financial crisis (excluding the sell-of...

6 months ago - MarketBeat

Forbes Names CBRE One of America's Net-Zero Leaders

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) has been named to Forbes' inaugural Net-Zero Leaders list. CBRE was the highest-ranked commercial real estate services company. Forbes identified ...

6 months ago - Business Wire

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Declares Monthly Distribution for May 2023 and Availability of 19(a) Notice

NEW YORK , May 12, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for May 2023 of $0.1083 per commo...

Other symbols: MEGI
7 months ago - PRNewsWire