{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-035352","form_type":"8-K","ticker":"CBRE","cik":"0001138118","company_name":"CBRE GROUP, INC.","filed_at":"2023-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.328689+00:00","generated_at":"2026-06-09T06:45:20.397754+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"CBRE Q3 GAAP EPS down 56% to $0.61; core EPS down 36%; FY guidance cut to mid-30% decline","bullets":["GAAP net income $191M ($0.61 EPS), down 57%; Core EPS $0.72, down 36%.","Advisory Services revenue $2.0B (-17%), operating profit $277M (-35%).","GWS revenue $5.6B (+17%), operating profit $251M (+15%); record pipeline.","REI operating profit $7M (-89%); development operating loss $22.1M on delayed sales.","FY2023 core EPS outlook cut to ~mid-30% decline (prior ~20-25%) due to continuing capital markets pressure."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-035352","json":"https://secwatch.observer/filing/0001628280-23-035352.json","markdown":"https://secwatch.observer/filing/0001628280-23-035352.md","text":"https://secwatch.observer/filing/0001628280-23-035352.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1138118/000162828023035352/0001628280-23-035352-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1138118/000162828023035352/cbre-20231027.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T06:45:20.397754+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":"3db48b0f78bd113c3ea2f76ef1a4d6d103750bdb","claim":"CBRE GROUP, INC. reported third quarter of 2023 results: revenue $7,868, net income $191, EPS $0.61. Guidance lowered.","evidence_excerpt":"highlights of CBRE performance (dollars in millions, except per share data; totals may not add due to rounding): % Change Q3 2023 Q3 2022 USD LC (1) Operating Results Revenue $ 7,868 $ 7,530 4.5 % 3.4 % Net revenue (2) 4,430 4,623 (4.2) % (5.1) % GAAP net income 191 447 (57.3) % (57.1) % GAAP EPS 0.61 1.38 (55.6) % (55.4) % Core adjusted net income (3) 226 365","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1138118/000162828023035352/0001628280-23-035352-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of 2023"},{"label":"Revenue","value":"$7,868"},{"label":"Net income","value":"$191"},{"label":"EPS","value":"$0.61"},{"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"}