CBRE Group Inc (CBRE)
NYSE:CBRE
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CBRE Group
(NYSE:CBRE)
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Rating:62Neutral
Price Target:
$150.00
▼(-1.00% Downside)
Action:ReiteratedDate:05/05/26
The score is held back primarily by weaker underlying financial quality (margin compression, higher leverage, and softer recent free cash flow) and a mixed technical setup (below key longer-term moving averages). These are partly offset by a strong earnings call with upgraded EPS guidance and momentum in infrastructure/data center-driven services, plus generally favorable recent corporate actions to improve funding profile and reporting clarity.
Positive Factors
Diversified recurring services and scale
CBRE’s broad service mix and scale create durable recurring revenue and cross‑sell opportunities. Q1 combined services growth (20% revenue, ~30% operating profit) demonstrates operating leverage and contract stickiness across outsourcing, brokerage and project work that supports steadier earnings through cycles.
Negative Factors
Rising leverage and debt load
Leverage has stepped up materially, reducing balance‑sheet flexibility and increasing sensitivity to interest costs and refinancing risk. Elevated debt levels constrain CBRE’s ability to opportunistically invest in development pipelines or aggressively repurchase shares during downturns unless cash generation or deleveraging improves.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified recurring services and scale
CBRE’s broad service mix and scale create durable recurring revenue and cross‑sell opportunities. Q1 combined services growth (20% revenue, ~30% operating profit) demonstrates operating leverage and contract stickiness across outsourcing, brokerage and project work that supports steadier earnings through cycles.
Read all positive factors
CBRE Group (CBRE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$41.52B
Dividend YieldN/A
Average Volume (3M)1.94M
Price to Earnings (P/E)31.3
Beta (1Y)0.98
Revenue Growth14.77%
EPS Growth34.03%
CountryUS
Employees140,000
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)4.42
Shares Outstanding292,816,600
10 Day Avg. Volume1,594,844
30 Day Avg. Volume1,940,570
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 Cap1.14
Enterprise Value/Revenue1.12
Enterprise Value/Gross Profit3.21
Enterprise Value/Ebitda17.64
Forecast
1Y Price Target
$178.29Price Target Upside17.67% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)7.66
Revenue Forecast (FY)$43.70B
CBRE Group Business Overview & Revenue Model
Company Description
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...
How the Company Makes Money
CBRE primarily makes money by earning fees and other service revenue from commercial real estate transactions and recurring service contracts, plus asset-management-related fees from managing real estate investments. Key revenue streams include: (...
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 Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 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
142.55
Positive
153.20
Negative
154.01
Negative
Market Momentum
2.15
Negative
69.10
Neutral
88.55
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 139.09, above the 50-day MA of 142.55, and below the 200-day MA of 154.01, indicating a neutral trend. The MACD of 2.15 indicates Negative momentum. The RSI at 69.10 is Neutral, neither overbought nor oversold. The STOCH value of 88.55 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $14.62B | 22.41 | 11.09% | ― | 11.23% | 68.38% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | $41.52B | 31.35 | 15.35% | ― | 14.77% | 34.03% | |
62 Neutral | $3.31B | 42.44 | 4.65% | ― | 8.91% | -33.30% | |
58 Neutral | $14.18B | 1,388.37 | 0.30% | ― | 21.33% | -78.82% | |
57 Neutral | $2.96B | 47.47 | 8.82% | 0.68% | 23.73% | 105.99% | |
56 Neutral | $18.74B | 41.95 | 4.29% | 2.26% | 1.28% | -25.40% |
* Real Estate Sector Average
CBRE
CBRE Group
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15.85
12.58%
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CBRE Group Corporate Events
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...
Business Operations and StrategyExecutive/Board Changes
CBRE Group Updates Executive Severance and Change‑in‑Control Plan
Positive
Mar 23, 2026
On March 20, 2026, CBRE’s board adopted a Second Amended and Restated Change in Control and Severance Plan for Senior Management, effective the same day, which generally reduces severance cash multiples and equity vesting protection for the ...
Executive/Board Changes
CBRE Group Updates Senior Executive Compensation Packages
Neutral
Feb 27, 2026
On February 25, 2026, CBRE Group updated compensation targets for two senior executives, Chief Legal Administrative Officer and Corporate Secretary Chad J. Doellinger and Executive Group President, Trammell Crow Company, Daniel G. Queenan, while ...
Business Operations and StrategyExecutive/Board Changes
CBRE Grants Performance-Based Equity Award in Succession Plan
Positive
Feb 26, 2026
On February 25, 2026, CBRE Group’s Compensation Committee granted a one-time, fully performance-based equity retention award with a $5 million target value to Chief Operating Officer and CEO of Advisory Services, Vikram Kohli, as part of the...
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.