CBRE Q3 GAAP EPS $1.38 (+7% YoY); Core EPS $1.13 (-19%) on capital markets slowdown

CBRE GROUP, INC.

2022-Q3 EPS reported $4.01 revenue$22,633,757,000

Revenue $7.53B (+10.8%); net income $447M (+2.5%); Core EBITDA $606M (-17.3%).
Advisory Services segment operating profit $424M (-18.8%); leasing revenue +14%, sales revenue -11%.
GWS segment operating profit $219M (+17.1%); REI segment operating profit $59M (-59.5%).
Repurchased 5.1M shares for $408M in Q3; $2.6B remaining under buyback program.
Made $100M investment in Proptech firm VTS; net leverage ratio 0.21x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CBRE GROUP, INC. reported third quarter 2022 results: revenue $7,530, net income 447, EPS 1.38.

Period: third quarter 2022
Revenue: $7,530
Net income: 447
EPS: 1.38
Result: reported results

Exact text from the filing

highlights of CBRE performance (dollars in millions, except per share data; totals may not add due to rounding): % Change Q3 2022 Q3 2021 USD LC (1) Operating Results Revenue $ 7,530 $ 6,798 10.8 % 15.9 % Net revenue (2) 4,623 4,173 10.8 % 15.7 % GAAP net income 447 436 2.5 % 7.5 % GAAP EPS 1.38 1.28 7.4 % 12.7 % Core adjusted net income (3) 365 471 (22.4) %

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Source: SEC EDGAR

accession 0001138118-22-000031

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