CBRE expands stock repurchase authorization by $5 billion to total $9 billion

CBRE GROUP, INC.

Board approved incremental $5B authorization; existing authorization had ~$1.4B remaining as of Sep 30.
Total repurchase authorization now $9B; company ended Q3 with >$4B liquidity and low leverage.
CFO says expanded authorization timely as current valuation understates long-term growth prospects.
Since 2021, CBRE repurchased 36M shares for ~$3B at weighted avg price of $83.50 per share.

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