Vincent Clancy
On January 2, 2025, the Board of Directors of the Company (the “Board”) appointed Vincent Clancy to the Board, to serve until the Company’s 2025 annual meeting of stockholders.
Highest-materiality recent filing
CBRE annual meeting results: all 10 directors elected, special-meeting proposal rejected
All 10 director nominees elected; broker non-votes of 9,456,979 on each director.
CBRE subsidiary issues $750M of 5.250% Senior Notes due 2036
CBRE Services, Inc. issued $750M aggregate principal of 5.250% Senior Notes due June 1, 2036.
CBRE Group issues $750M of 5.250% Senior Notes due 2036 to repay commercial paper
$750M aggregate principal of 5.250% Senior Notes due 2036 issued.
GAAP EPS $1.07 (up 98% YoY); Core EPS $1.61 (up 81% YoY). Revenue $10.5B, +19% YoY.
CBRE recasts historical financials; creates Critical Infrastructure Services line
MSR amortization reclassified net against MSR gains; net MSR impact excluded from Non-GAAP measures.
CBRE amends exec severance plan; lowers cash/equity multiples outside change-in-control
Severance Multiple outside CIC reduced: CEO 2.0→1.5, other execs 1.5→1.25, Tier III 1.0→0.75.
CBRE Group sets 2026 comp targets for Doellinger ($2.75M equity) and Queenan ($3.0M equity)
Doellinger base salary $700K, annual performance award target $1.15M, total equity target $2.75M.
CBRE grants $5M performance-based retention award to COO Vikram Kohli
Award is 100% performance-based, vesting over 5 years, tied to TSR and EPS growth vs S&P 500 companies.
CBRE Q4 Core EPS $2.73, up 18% YoY; guides 2026 Core EPS $7.30-$7.60
Q4 GAAP EPS $1.39, Core EPS $2.73; revenue $11.6B up 12% YoY.
Issued $750M aggregate principal of 4.900% Senior Notes due January 15, 2033.
CBRE issues $750M of 4.900% Senior Notes due 2033
Issued $750M aggregate principal amount of 4.900% Senior Notes due 2033 via underwriting agreement.
CBRE acquires Pearce Services for ~$1.2B; adds digital & power infrastructure capabilities
Initial purchase price ~$1.2B cash plus up to $115M earn-out if Pearce meets 2027 performance thresholds.
CBRE Q3 GAAP EPS up 66% to $1.21; Core EPS up 34% to $1.61; raises 2025 Core EPS outlook
GAAP EPS $1.21 (+66% YoY), Core EPS $1.61 (+34% YoY); revenue $10.3B (+14%).
CAO Lindsey Caplan will step down effective Aug 31, 2025, and leave company Dec 31, 2025, to pursue other opportunities.
CBRE Q2 2025: GAAP EPS $0.72 (+71%); Core EPS $1.19 (+47%); FY outlook raised to $6.10–$6.20
GAAP EPS $0.72, up 71% YoY; Core EPS $1.19, up 47% YoY; revenue $9.8B, up 16%.
CBRE Group enters new $3.5B 5-year and $1B 364-day revolving credit facilities, amends term loan
New $3.5B senior unsecured revolving credit facility matures June 24, 2030; replaces existing facility.
CBRE Group redeems $600M of 4.875% senior notes due 2026
CBRE Services, a wholly-owned subsidiary, redeemed all $600M principal of 4.875% senior notes due 2026.
CBRE amends RSU agreements, awards $1.45M retention bonus to COO; annual meeting results
RSU award agreements amended to eliminate forfeiture on death, disability, or retirement; pro-rata vesting for terminations before Dec 31 of grant year.
CBRE issues $1.1B in senior notes (4.800% due 2030, 5.500% due 2035) to refinance debt
$600M of 4.800% senior notes due 2030 and $500M of 5.500% senior notes due 2035 issued on May 12, 2025.
CBRE issues $1.1B in senior notes to refinance 2026 notes and for corporate purposes
CBRE issued $600M of 4.800% notes due 2030 and $500M of 5.500% notes due 2035; closing expected May 12, 2025.
CBRE Q1 GAAP EPS $0.54 (+32% YoY), Core EPS $0.86 (+10%) on revenue $8.9B
Revenue up 12% to $8.9B; net revenue up 15% to $5.1B; Core EBITDA up 27% to $540M.
CBRE recasts historical financials for new four-segment structure effective Jan 1, 2025
Segments: Advisory Services, Building Operations & Experience, Project Management, Real Estate Investments.
CBRE subsidiary incurs €425M and $125M incremental term loans; $750M borrowing capacity added
Amendment No. 2 closed March 14, 2025, adding €425M Euro and $125M USD term loans.
CBRE sets 2025 compensation targets, removes board term limit
CEO Sulentic: $1.35M base salary, $2.7M annual award, $17.95M total equity target.
CBRE Q4 Core EPS $2.32 (+68% YoY); guides FY2025 $5.80-$6.10
Q4 GAAP EPS $1.58, Core EPS $2.32 (vs $1.38 YoY); revenue $10.4B (+16% YoY).
CBRE to acquire Industrious for ~$400M; creates new Building Operations & Experience segment
Acquires remaining ~60% of Industrious for $400M; implied enterprise value ~$800M; deal expected to close Jan 2025 and be immediately accretive to 2025 core EBITDA and FCF.
CBRE completes project mgmt/Turner & Townsend combination; Clancy joins board
CBRE now owns 70% of combined Turner & Townsend/CBRE Project Management business after completing combination.
CBRE names Gallistel and Glanzman Co-CEOs of Investment Management; Queenan moves to Trammell Crow
Adam Gallistel (from GIC) named Co-CEO & CIO, effective April 1, 2025.
CBRE subsidiary establishes $3.5B commercial paper program
CBRE Services, Inc. may issue up to $3.5B of short-term, unsecured commercial paper notes.
CBRE expands stock repurchase authorization by $5 billion to total $9 billion
Board approved incremental $5B authorization; existing authorization had ~$1.4B remaining as of Sep 30.
Q3 Core EPS $1.20 +67% YoY; revenue $9.04B +15%; full-year guidance raised to $4.95-$5.05
GAAP EPS $0.73 +20% YoY; Core EPS $1.20 +67% YoY, second-highest Q3 core EPS in history.
CBRE Q2 revenue up 9% to $8.4B; raises Core EPS guidance to $4.70-$4.90
GAAP EPS $0.42 down 34% YoY; Core EPS $0.81 down 2%.
CBRE appoints Gunjan Soni to Board of Directors, effective July 15
Gunjan Soni appointed to CBRE Board, effective July 15, 2024, serving until 2025 annual meeting.
CBRE to combine Project Management with Turner & Townsend, will own 70% of combined entity
CBRE will own 70% of the combined Turner & Townsend/CBRE Project Management business; T&T partners own 30%.
CBRE shareholders elect 11 directors, ratify KPMG, approve say-on-pay at 2024 annual meeting
All 11 director nominees elected; Christopher T. Jenny received the fewest 'For' votes (225.9M vs. 45.7M against).
CBRE Q1 Core EPS down 15% to $0.78; GAAP EPS up 10% to $0.41; revenue rises 7%
GAAP EPS $0.41 vs $0.37 (+10%); Core EPS $0.78 vs $0.92 (-15%); Core EBITDA $424M (-20.3%).
On January 2, 2025, the Board of Directors of the Company (the “Board”) appointed Vincent Clancy to the Board, to serve until the Company’s 2025 annual meeting of stockholders.
On July 3, 2024, the Board of Directors of the Company (the “Board”) appointed Gunjan Soni to the Board, effective July 15, 2024, to serve until the Company’s 2025 annual meeting of stockholders.
Max materiality 0.85 · Median 0.60 · Most common event debt