CBRENYSE: CBRE

CBRE Group (CBRE) is set to combine its Project Management business with Turner & Townsend to generate incremental run-rate core EPS by the end of 2027.

Extensive real estate market knowledge and a solid outsourcing business bode well for CBRE Group (CBRE), though macroeconomic uncertainty and its adverse impact on commercial real estate transactions are concerning.

To enhance data center capabilities, CBRE Group (CBRE) announces the acquisition of Direct Line Global.

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today announced the acquisition of Direct Line Global, a premier provider of mission-critical data center infrastructure for the world's leading technology companies, from Guardian Capital, a private equity firm. The acquisition is expected to be immediately accretive to CBRE's core earnings-per-share. Founded in 1997, Direct Line Global provides design, installation, maintenance and management solutions for data center owners and operators,.

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today announced expanded capabilities to provide comprehensive climate risk data for property investors and occupiers to accelerate their sustainability planning, reporting and decision making. The company has entered into an agreement with Climate X, a risk analysis platform, to enable CBRE's sustainability specialists to translate climate risk scenarios and hazards into easy-to-understand information that helps clients evaluate locations a.

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) has been named to Forbes' Net Zero Leaders list for the second consecutive year. CBRE is the highest-ranked commercial real estate services company. Forbes ranked 100 U.S. companies that are best positioning themselves to reduce their greenhouse-gas emissions and achieve a net zero future. The analysis looked at each company's work to reduce its own carbon emissions as well as the emissions generated by their power suppliers, vendors and cus.

While the financial results of CBRE in the first quarter of 2024 provide an overall indication of the company's performance, it may be beneficial to examine how certain key metrics compare to analyst expectations and figures from the same period last year.

CBRE's Q1 results demonstrate the advantages of diversification and the growth of its strong business in recent years, despite the difficult economic conditions.

CBRE Group (CBRE) reported quarterly earnings of $0.78 per share, exceeding the Zacks Consensus Estimate of $0.69 per share. This is lower than the earnings of $0.92 per share reported in the same quarter last year.