Strong Start to 2025
CBRE had a strong start to 2025 across all lines of business and globally, with most businesses performing better than expected.
Significant Growth in Core EBITDA and EPS
First quarter core EBITDA increased by 27% and core EPS by 10% compared to last year's first quarter. Excluding a large one-time tax benefit from last year, core EPS grew by 39%.
Resilient Businesses Growth
Resilient businesses generated net revenue growth of 17% for the quarter, nearly matching the 18% increase in transactional businesses.
Record Leasing Revenue
Global leasing revenue growth accelerated to 19% in Q1, with U.S. leasing revenue increasing 24%, driven by a 38% increase in office leasing revenue.
Global Property Sales Increase
Global property sales revenue increased by 13%, led by a 26% gain in the U.S., with a significant uptick in multifamily and industrial asset sales.
Strong Performance in Project Management Segment
Project Management and Building Operations & Experience segments generated strong financial results, with net revenue growth of 22% in the BOE segment.