CBRE Q3 GAAP EPS up 66% to $1.21; Core EPS up 34% to $1.61; raises 2025 Core EPS outlook

CBRE GROUP, INC.

2025-Q3 EPS reported $2.46 revenue$28,921,000,000

GAAP EPS $1.21 (+66% YoY), Core EPS $1.61 (+34% YoY); revenue $10.3B (+14%).
2025 Core EPS outlook raised to $6.25-$6.35 from $6.10-$6.20 (midpoint +24% YoY).
Advisory Services leasing revenue +18% (global), capital markets property sales +30%; BOE revenue +13%.
Liquidity increased to $5.2B; net leverage 1.23x; free cash flow $779M in Q3, $1.5B trailing 12 months.
Repurchased 5.2M shares for $663M since year-end; strong operating cash flow.

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