---
schema_version: "secwatch.filing_event.v1"
accession: "0001138118-24-000011"
form_type: "8-K"
ticker: "CBRE"
cik: "0001138118"
company_name: "CBRE GROUP, INC."
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T22:54:32.626808+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CBRE Q1 Core EPS down 15% to $0.78; GAAP EPS up 10% to $0.41; revenue rises 7%

## Summary
- GAAP EPS $0.41 vs $0.37 (+10%); Core EPS $0.78 vs $0.92 (-15%); Core EBITDA $424M (-20.3%).
- Revenue $7.94B (+7.1%); net revenue $4.44B (+6.3%); free cash outflow improved to -$560M from -$805M.
- Global leasing +4%; capital markets sales -11%; mortgage origination +34%; GWS net revenue +10% but margin fell.
- REI segment operating profit -74% on prior-year development gain; corporate non-core loss $71M on Altus Power.
- Acquired J&J Worldwide Services for $820M; issued $500M senior notes (5.5%, 2029); no share repurchases in Q1.

## SEC filing metadata
- accession: 0001138118-24-000011
- form_type: 8-K
- ticker: CBRE
- cik: 0001138118
- company_name: CBRE GROUP, INC.
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1138118/000113811824000011/0001138118-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1138118/000113811824000011/cbre-20240503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001138118-24-000011
- JSON: https://secwatch.observer/filing/0001138118-24-000011.json
- Plain text: https://secwatch.observer/filing/0001138118-24-000011.txt

## Key facts
- Earnings Releases
  CBRE GROUP, INC. reported first quarter ended March 31, 2024 results: revenue $7,935, net income 126, EPS 0.41. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2024
  - Revenue: $7,935
  - Net income: 126
  - EPS: 0.41
  - Guidance: reaffirmed
  - Result: reported results
  source text: The following table presents highlights of CBRE performance (dollars in millions, except per share data; totals may not add due to rounding): % Change Q1 2024 Q1 2023 USD LC (1) Operating Results Revenue $ 7,935 $ 7,411 7.1 % 6.9 % Net revenue (2) 4,444 4,181 6.3 % 6.1 % GAAP net income 126 117 8.0 % 10.3 % GAAP EPS 0.41 0.37 10.4 % 12.8 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138118/000113811824000011/0001138118-24-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.