Colliers International Reports Robust 2024 Growth

Colliers International Group ( (CIGI) ) has released its Q4 earnings. Here is a breakdown of the information Colliers International Group presented to its investors.

Colliers International Group Inc. is a global diversified professional services and investment management company, operating through platforms in Real Estate Services, Engineering, and Investment Management, known for its growth-driven business model and partnership philosophy.

Colliers International recently announced its financial results for the fourth quarter and the full year ending December 31, 2024, showcasing significant revenue growth and enhanced performance across all business segments.

The company reported a 22% increase in fourth-quarter revenues to $1.50 billion, with Adjusted EBITDA rising by 14% to $225.3 million. For the full year, revenues rose by 11% to $4.82 billion, while Adjusted EBITDA grew by 8% to $644.2 million. The Engineering segment led the growth, with a 61% increase in revenues during the fourth quarter, driven by recent acquisitions and internal growth. Real Estate Services saw a 12% revenue increase, bolstered by strong performance in Capital Markets and Leasing.

Investment Management also experienced growth, with revenues up 6% in the fourth quarter. The company continues to build its assets under management, which reached nearly $100 billion, and plans to further integrate and streamline its Investment Management operations.

Looking forward to 2025, Colliers anticipates continued growth through internal efforts and completed acquisitions, projecting high single-digit to low-teens percentage growth in revenues and low-teens growth in Adjusted EBITDA. The company remains focused on leveraging its strong recurring revenue base and exploring new growth opportunities in its business segments.