secwatch.observer — SEC 8-K summary
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Issuer:     CBRE GROUP, INC. (CBRE)
CIK:        0001138118
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001628280-23-035352
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1138118/000162828023035352/0001628280-23-035352-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1138118/000162828023035352/cbre-20231027.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-035352

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