Want to see CBRE full AI Analyst Report?
Top Page
CBRE Group
(NYSE:CBRE)
Select Model
Select Model
Rating:64Neutral
Price Target:
$139.00
▼(-8.26% Downside)
Action:Reiterated
Date:06/24/26
The score is anchored by mixed financial fundamentals—steady growth but compressed margins, higher leverage, and softer free cash flow—offset by a strong earnings-call read-through with upgraded EPS guidance and continued infrastructure/data-center momentum. Technicals are a headwind given the downtrend versus key moving averages, and valuation is only moderate with a relatively high P/E and no dividend support.
Positive Factors
Diversified recurring revenue
CBRE's large recurring-fee businesses (Global Workplace Solutions, property and facilities management, mortgage servicing and investment management) create stable, contract-based cash flows that reduce reliance on cyclical transaction commissions. This durable mix supports revenue resiliency through cycles and underpins steady cash generation over months to years.
Negative Factors
Rising leverage
Leverage has meaningfully increased versus 2022–2024 levels, reducing financial flexibility. With modest operating cash flow relative to debt (~0.13x) and reliance on liquidity facilities and note issuance to manage maturities, higher indebtedness raises interest‑rate and refinancing risk and constrains capital allocation over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified recurring revenue
CBRE's large recurring-fee businesses (Global Workplace Solutions, property and facilities management, mortgage servicing and investment management) create stable, contract-based cash flows that reduce reliance on cyclical transaction commissions. This durable mix supports revenue resiliency through cycles and underpins steady cash generation over months to years.
Read all positive factors
CBRE Group Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down revenue across different business segments, highlighting which areas drive growth and profitability, and revealing strategic focus areas.
Breaks down revenue across different business segments, highlighting which areas drive growth and profitability, and revealing strategic focus areas.
Data provided by:
The Fly
The FlyCBRE Group (CBRE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$38.52B
Dividend YieldN/A
Average Volume (3M)2.64M
Price to Earnings (P/E)29.5
Beta (1Y)0.93
Revenue Growth14.77%
EPS Growth34.03%
CountryUS
Employees155,000
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)4.42
Shares Outstanding292,816,600
10 Day Avg. Volume2,126,840
30 Day Avg. Volume2,637,190
Financial Highlights & Ratios
PEG Ratio1.82
Price to Book (P/B)5.40
Price to Sales (P/S)1.18
P/FCF Ratio40.19
Enterprise Value/Market Cap1.16
Enterprise Value/Revenue1.06
Enterprise Value/Gross Profit3.02
Enterprise Value/Ebitda16.62
Forecast
1Y Price Target
$174.71Price Target Upside15.32% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)7.72
Revenue Forecast (FY)$46.48B
CBRE Group Business Overview & Revenue Model
Company Description
CBRE Group, Inc. operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The company operates through Advisory Services, Building Operations and Experience, Project Manage...
How the Company Makes Money
CBRE primarily makes money by earning fees and commissions for commercial real estate transactions and recurring service fees for managing and operating real estate for clients, supplemented by investment management and mortgage-related revenues. ...
CBRE Group Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call conveyed broadly positive operational and financial momentum: strong revenue and operating profit growth across services, material infrastructure and data center tailwinds, upgraded EPS guidance, healthy cash generation and active capital return via buybacks. Challenges noted were mostly operational or timing-related (hiring constraints, lumpy land monetization, incentive-driven cash timing) and macro/AI uncertainties, but management framed these as manageable and not currently impairing demand. On balance, the positives materially outweigh the negatives.Positive Updates
Strong Services Revenue & Profit Growth
Combined Advisory, Building Operations & Experience, and Project Management grew revenue by 20% and operating profit by nearly 30% in Q1 2026; Services segment delivered 27% operating profit growth in local currency.
Negative Updates
Timing / Pull-Forward of Land Development Profits
Some profits from the land development program were pulled forward into Q1, creating timing effects; although REI guidance is stated to be unaffected, this introduces lumpy timing volatility in realized profits.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Services Revenue & Profit Growth
Combined Advisory, Building Operations & Experience, and Project Management grew revenue by 20% and operating profit by nearly 30% in Q1 2026; Services segment delivered 27% operating profit growth in local currency.
Read all positive updates
Company Guidance
CBRE raised full‑year core EPS guidance to $7.60–$7.80 (from $7.30–$7.60) with a $7.70 midpoint (implying >20% EPS growth at the midpoint), citing Q1 outperformance (EPS beat by ~10% excluding pulled‑forward land profits) and early‑Q2 momentum, while noting the outlook assumes no material change in the macro or interest‑rate environment; seasonality is expected to be front‑loaded with nearly 40% of EPS in H1. Management also increased segment expectations: Advisory SOP now expected to deliver high‑teens SOP growth, BOE SOP about 25% (high‑teens underlying plus an accounting reclassification offset by higher D&A), while Project Management and REI SOP guidance is unchanged. Other metrics tied to the guidance narrative include infrastructure services revenue of ~$3.0B in 2025 and ~ $950M in Q1 (critical infrastructure: $1.7B in 2025 and $580M in Q1, expected to grow >60% this year), Transactional Businesses growth of 22%, Resilient Businesses revenue growth of 18%, trailing‑12‑month free cash flow of $1.7B (78% conversion) with year‑end conversion expected near the high end of the 75%–85% target, >$155B AUM after $1.3B of new capital raised, ~ $900M of embedded gains to monetize over time, and nearly $540M of share repurchases YTD (avg. buyback price ~ $148).CBRE Group Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
63
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 42.17B | 40.55B | 35.77B | 31.95B | 30.83B | 27.75B |
| Gross Profit | 14.76B | 6.07B | 7.02B | 6.30B | 6.62B | 6.17B |
| EBITDA | 2.68B | 2.58B | 2.15B | 1.83B | 2.03B | 2.09B |
| Net Income | 1.31B | 1.16B | 968.00M | 986.00M | 1.41B | 1.84B |
Balance Sheet | ||||||
| Total Assets | 30.17B | 30.88B | 24.38B | 22.55B | 20.51B | 22.07B |
| Cash, Cash Equivalents and Short-Term Investments | 1.66B | 1.86B | 1.11B | 1.26B | 1.32B | 2.43B |
| Total Debt | 7.95B | 9.99B | 5.69B | 4.83B | 3.49B | 4.20B |
| Total Liabilities | 21.31B | 21.25B | 15.19B | 13.48B | 11.91B | 12.71B |
| Stockholders Equity | 8.52B | 8.88B | 8.41B | 8.27B | 7.85B | 8.53B |
Cash Flow | ||||||
| Free Cash Flow | 897.00M | 1.19B | 1.49B | 229.00M | 1.46B | 2.23B |
| Operating Cash Flow | 1.28B | 1.56B | 1.80B | 534.00M | 1.72B | 2.44B |
| Investing Cash Flow | -1.10B | -1.63B | -1.60B | -729.00M | -917.20M | -1.56B |
| Financing Cash Flow | 1.76B | 796.00M | -221.00M | 148.00M | -1.77B | -286.38M |
CBRE Group Technical Analysis
Positive
151.51
Price Trends
136.16
Positive
139.02
Positive
149.62
Negative
Market Momentum
1.06
Negative
62.82
Neutral
84.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CBRE, the sentiment is Positive. The current price of 151.51 is above the 20-day moving average (MA) of 134.04, above the 50-day MA of 136.16, and above the 200-day MA of 149.62, indicating a neutral trend. The MACD of 1.06 indicates Negative momentum. The RSI at 62.82 is Neutral, neither overbought nor oversold. The STOCH value of 84.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CBRE.
CBRE Group Risk Analysis
CBRE Group disclosed 32 risk factors in its most recent earnings report. CBRE Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
CBRE Group Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $15.19B | 17.24 | 12.35% | ― | 11.23% | 68.38% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $38.52B | 29.52 | 15.35% | ― | 14.77% | 34.03% | |
61 Neutral | $12.25B | 512.82 | 0.30% | ― | 21.33% | -78.82% | |
61 Neutral | $3.28B | 43.47 | 3.79% | ― | 10.40% | -54.85% | |
60 Neutral | $16.68B | 32.80 | 4.95% | 2.26% | -8.90% | -21.42% | |
57 Neutral | $2.79B | 18.74 | 9.81% | 0.68% | 23.00% | 105.99% |
* Real Estate Sector Average
CBRE
CBRE Group
141.58
-0.96
-0.67%
CSGP
CoStar Group
30.00
-51.60
-63.24%
JLL
Jones Lang Lasalle
327.46
68.99
26.69%
NMRK
Newmark Group
15.72
3.41
27.68%
CWK
Cushman & Wakefield
13.99
2.39
20.60%
BEKE
KE Holdings Inc. Sponsored ADR Class A
15.09
-2.69
-15.13%
CBRE Group Corporate Events
Business Operations and StrategyPrivate Placements and Financing
CBRE Group Secures New $1 Billion Credit Facility
Positive
Jun 23, 2026
On June 23, 2026, CBRE Group entered into a new 364-day senior unsecured revolving credit agreement providing a $1 billion credit facility to its unit CBRE Services, Inc., replacing a similar facility dated June 24, 2025. The new agreement, which ...
Business Operations and StrategyRegulatory Filings and Compliance
CBRE Group Releases Updated Investor Presentation Under Reg FD
Neutral
Jun 15, 2026
On June 15, 2026, CBRE Group posted an investor presentation on its Investor Relations website, making updated materials available to shareholders and the broader market. The filing clarifies that the presentation is being furnished rather than fi...
Executive/Board ChangesShareholder Meetings
CBRE Shareholders Back Board, Pay Plan at Annual Meeting
Positive
May 22, 2026
At its annual meeting of stockholders held on May 21, 2026, CBRE Group shareholders re-elected all 10 directors to the board for terms running until the 2027 annual meeting, reflecting broad support for the existing leadership slate despite some p...
Business Operations and StrategyPrivate Placements and Financing
CBRE Group Issues $750 Million Senior Unsecured Notes
Positive
May 4, 2026
On May 4, 2026, CBRE Services, Inc., a wholly owned subsidiary of CBRE Group, completed a $750 million offering of 5.250% senior unsecured notes due June 1, 2036, fully and unconditionally guaranteed on a senior unsecured basis by the parent compa...
Business Operations and StrategyPrivate Placements and Financing
CBRE Group Issues $750 Million Senior Notes Offering
Positive
Apr 28, 2026
On April 27, 2026, CBRE Group and its wholly owned unit CBRE Services, Inc. entered into an underwriting agreement with a syndicate of major banks to issue $750 million of 5.250% senior notes due 2036. The notes, offered under an existing SEC shel...
Business Operations and StrategyFinancial Disclosures
CBRE Group Recasts Financials and Realigns Business Segments
Positive
Mar 24, 2026
CBRE Group has recast its historical financial information to align with financial reporting changes effective January 1, 2026, including a reclassification of mortgage servicing rights amortization to offset related revenue and its exclusion from...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.