---
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"
generated_at: "2026-06-09T06:45:20.397754+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CBRE Q3 GAAP EPS down 56% to $0.61; core EPS down 36%; FY guidance cut to mid-30% decline

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-035352
- JSON: https://secwatch.observer/filing/0001628280-23-035352.json
- Plain text: https://secwatch.observer/filing/0001628280-23-035352.txt

## Key facts
- Earnings Releases
  CBRE GROUP, INC. reported third quarter of 2023 results: revenue $7,868, net income $191, EPS $0.61. Guidance lowered.
  - Period: third quarter of 2023
  - Revenue: $7,868
  - Net income: $191
  - EPS: $0.61
  - Guidance: lowered
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1138118/000162828023035352/0001628280-23-035352-index.htm

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