Free Research Report as CBRE Group’s Quarterly Earnings Advanced 20%

Stock Monitor: Forest City Realty Trust Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 1, 2018 / If you want access to our free earnings report on CBRE Group, Inc. (NYSE: CBRE) (“CBRE”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CBRE. The Company reported its financial results on May 02, 2018, for the first quarter of the fiscal year 2018 ended March 31, 2018. The Company surpassed analysts’ estimates for earnings and revenues in Q1 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Forest City Realty Trust, Inc. (NYSE: FCE), which also belongs to the Financial sector as the Company CBRE Group. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=FCE

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, CBRE Group most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=CBRE

Earnings Highlights and Summary

For Q1 FY18, CBRE’s total revenues reached $4.67 billion, reflecting an increase of 15.38% from $4.05 billion in Q1 FY17. The Company’s reported revenue numbers exceeded analysts’ consensus estimates of $3.34 billion. On a local currency basis, CBRE’s sales increased 11% on a y-o-y basis in Q1 FY18. Besides, CBRE’s fee revenues advanced 17.74% to $2.28 billion on a y-o-y basis, while its pass-through costs increased 13.22% to $2.40 billion on a y-o-y basis in the quarter under review.

During Q1 FY18, CBRE’s total cost and expenses were $4.46 billion, 15.94% higher than $3.85 billion in Q1 FY17. The Company’s cost of services jumped 15.05% to $3.62 billion on a y-o-y basis, and its operating, administrative, and other expenses rose 20.71% to $732.24 million on a y-o-y basis in the reported quarter. CBRE had an operating income of $213.61 million in the quarter ended March 31, 2018, up 4.09% from $205.21 million in the same period of last year. Besides, the Company’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) also ascended 11.06% to $347.81 million in Q1 FY18 from $313.18 million in Q1 FY17.

CBRE’s net income attributable to common shareholders was $150.29 million in Q1 FY18, 9.68% higher than $137.02 million in Q1 FY17. The Company’s diluted income per share attributable to common shareholders also ascended 10% to $0.44 in the reported quarter from $0.40 in the year ago same quarter. The reported earnings included acquisition-related non-cash amortization expenses, financing costs write-off on extinguished debt, carried interest incentive compensation, and the impact of the US tax reform. CBRE’s adjusted diluted earnings per share (EPS), excluding these non-recurring items, was $0.54 in Q1 FY18, up 20% from $0.45 in Q1 FY17. This was higher than analysts’ consensus estimates of $0.49 per share.

Segment Details

During Q1 FY18, CBRE’s Americas segment’s net revenues were $2.85 billion, up 8% on a y-o-y basis. The segment’s adjusted EBITDA were $225.84 million in Q1 FY18, a slight increase of 0.27% from $225.23 million in Q1 FY17.

CBRE’s Europe, Middle-East, and Africa (EMEA) segment reported revenues of $1.18 billion in Q1 FY18, an increment of 30.58% from $904.63 million in Q1 FY17. The segment’s adjusted EBITDA were $36.95 million in the quarter under review, up 4.21% from $35.46 million in the previous year’s comparable quarter.

For Q1 FY18, CBRE’s Asia/Pacific segment generated revenues of $495.46 million, 22.84% higher than Q1 FY17. The segment’s adjusted EBITDA advanced 45.56% to $33.88 million in the reported quarter from $23.28 million in the year ago corresponding quarter.

During Q1 FY18, CBRE’s Global Investment Management segment’s net revenues were $123.69 million, up 38.10% on a y-o-y basis. The segment had an adjusted EBITDA of $29.69 million in Q1 FY18, an increase of 14.82% from $25.86 million in Q1 FY17. The segment’s assets under management (AUM) totaled $104.2 billion as on March 31, 2017, up $1.0 billion from year-end 2017 due to currency movements.

CBRE’s Development Services segment reported revenues of $23.33 million in Q1 FY18, an increment of 64.06% from $14.22 million in Q1 FY17. The segment had an adjusted EBITDA of $21.45 million in the quarter under review compared to $3.36 million in the previous year’s same quarter.

Cash Matters

CBRE had cash and cash equivalents of $642.85 million as on March 31, 2018, a decrease of 14.49% from $751.77 million as on December 31, 2017.

Stock Performance Snapshot

May 31, 2018 – At Thursday’s closing bell, CBRE Group’s stock fell 1.89%, ending the trading session at $46.19.

Volume traded for the day: 3.57 million shares, which was above the 3-month average volume of 1.99 million shares.

Stock performance in the last month – up 0.85%; previous six-month period – up 8.05%; past twelve-month period – up 32.43%; and year-to-date – up 6.65%

After yesterday’s close, CBRE Group’s market cap was at $15.76 billion.

Price to Earnings (P/E) ratio was at 18.43.

The stock is part of the Financial sector, categorized under the Property Management industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 501436