secwatch.observer — SEC 8-K summary
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Issuer:     CBRE GROUP, INC. (CBRE)
CIK:        0001138118
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001138118-24-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1138118/000113811824000011/0001138118-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1138118/000113811824000011/cbre-20240503.htm
  HTML page:      https://secwatch.observer/filing/0001138118-24-000011

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