{"schema_version":"secwatch.filing_event.v1","accession":"0001138118-23-000022","form_type":"8-K","ticker":"CBRE","cik":"0001138118","company_name":"CBRE GROUP, INC.","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.225624+00:00","generated_at":"2026-06-12T23:47:00.429368+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CBRE Q2 GAAP EPS falls 57% to $0.64; full-year Core EPS guided down 20-25%","bullets":["GAAP net income $201M ($0.64 EPS) vs $487M ($1.48) in Q2 2022; Core EPS $0.82 vs $1.83.","Revenue $7.72B, flat YoY; net revenue $4.48B, down 6.8%.","Advisory Services operating profit dropped 39% to $315M on 21% revenue decline.","Global Workplace Solutions revenue up 10.6%, operating profit up 6.6% to $233M.","Full-year 2023 Core EPS expected to decline 20-25%; CEO sees path to record 2024 EPS but harder."],"urls":{"canonical":"https://secwatch.observer/filing/0001138118-23-000022","json":"https://secwatch.observer/filing/0001138118-23-000022.json","markdown":"https://secwatch.observer/filing/0001138118-23-000022.md","text":"https://secwatch.observer/filing/0001138118-23-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1138118/000113811823000022/0001138118-23-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1138118/000113811823000022/cbre-20230727.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T23:47:00.429368+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"186211c8eede33f1234014f52f2c727f7a9f5403","claim":"CBRE GROUP, INC. reported second quarter ended June 30, 2023 results: revenue $ 7,720, net income 201, EPS $0.64. Guidance lowered.","evidence_excerpt":"CBRE GROUP, INC. REPORTS FINANCIAL RESULTS FOR SECOND-QUARTER 2023 • GAAP EPS Declined 57% to $0.64 • Core EPS Declined 55% to $0.82 Dallas, TX – July 27, 2023 — CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the second quarter ended June 30, 2023. Consolidated Financial Results Overview The following table presents highlights of CBRE performance (dollars in millions, except per share data; totals may not add due to rounding): % Change Q2 2023 Q2 2022 USD LC (1) Operating Results Revenue $ 7,720 $ 7,771 (0.7) % 0.8 % Net revenue (2) 4,478 4,803 (6.8) % (5.4) % GAAP net income 201 487 (58.7) % (57.3) % GAAP EPS 0.64 1.48 (56.6) % (55.2) % Core adjusted net income (3) 258 604 (57.3) % (56.1) % Core EBITDA (4) 504 919 (45.2) % (44.2) % Core EPS (3) 0.82 1.83 (55.2) % (53.9) % Cash Flow Results Cash flow (used in) provided by operations $ (11) $ 454 (102.4) % Less: Capital expenditures 75 55 36.7 % Free cash flow (5) $ (86) $ 400 (121.4) % CBRE Press Release July 27, 202","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1138118/000113811823000022/0001138118-23-000022-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"$ 7,720"},{"label":"Net income","value":"201"},{"label":"EPS","value":"$0.64"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}