“This increase was primarily attributable to increased commercial paper borrowings and the issuance of $750 million in senior notes, offset by the impact of net investment hedging activity .”10-Q · Jul 29, 2026 ↗
CBRE Group, Inc.
CBRE
Market read
CBRE Group, Inc.'s move is spreading beyond its market group.
CBRE accounts for 6.3% of the group's measured movement across 7.2 effective names. raw member direction is mixed; 8 of 12 session-normalized paths align to the downside. Capital-flow agreement is 12%, so confirmation is not yet clean. No verified headline preceded the measured group move.
Is this move genuinely shared?
NMRK, SLG, JLL moved materially before CBRE. CBRE crossed its material path threshold at 15:25 ET. BXP followed.
- Revenue increased 18.8% versus the comparable filing period.
- Operating cash flow covered only -2.59x net income.
3 of 16 members in Real Estate Services are active. 0 of 3 disclosed connections are confirming.
- At least 11 of 16 durable members become active together.
- Capital-flow agreement rises above 55%.
- REG remains aligned with the group in the next market snapshot.
Invalidation: The live read weakens if participation falls to 5 of 16 members or fewer.
Research brief
The story so far
CBRE accounts for 6.3% of the group's measured movement across 7.2 effective names. raw member direction is mixed; 8 of 12 session-normalized paths align to the downside. Capital-flow agreement is 12%, so confirmation is not yet clean. No verified headline preceded the measured group move.
- Revenue increased 18.8% versus the comparable filing period.
- Operating margin improved 1.8 percentage points.
- Net income increased 95.1% versus the comparable filing period.
- Operating cash flow covered only -2.59x net income.
- At least 11 of 16 durable members become active together.
- Capital-flow agreement rises above 55%.
- REG remains aligned with the group in the next market snapshot.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +13.4% year over year.
No qualifying adverse evidence was identified; that is not proof there is no downside.
- P/E is 98% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 69% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
137.98Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“The decrease in net cash used in investing activities for the six months ended June 30, 2026 was driven by proceeds from the disposition of real estate assets, offset by cash paid for the acquisition and development of real estate and capital expenditures.”10-Q · Jul 29, 2026 ↗
“We did not incur any impairment losses as a result of our impairment tests performed in 2025, as it was determined that the fair value of the reporting units exceed the carrying value as of the date quantitative tests were performed and it is more likely than…”10-K · Feb 12, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.0× · EV/sales 1.1×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for CBRE. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing presents a mixed picture
10-Q filed 2026-04-23 against the comparable filing from 2025-04-24.
What improved
- Revenue increased 18.8% versus the comparable filing period.
- Operating margin improved 1.8 percentage points.
- Net income increased 95.1% versus the comparable filing period.
What weakened
- Operating cash flow covered only -2.59x net income.
Filing receipts
“Core EBITDA represents earnings before the portion attributable to non-controlling interests, depreciation and amortization, asset impairments, net interest expense, write-off of financing costs on extinguished debt, income taxes, further adjusted for the following items (Other adjustments): • net non-cash mortgage servicing rights • integration and other costs related to acquisitions, • carried interest incentive compensation expense to align with the timing of associated revenue, • charges related to indirect tax audits and settlements, • net results related to the wind-down of certain businesses, • business and finance transformation, • costs associated with efficiency and cost-reduction...”
“Three Months Ended March 31, 2026 Compared to the Three Months Ended March 31, 2025 Revenue increased 20.4%, reflecting double-digit increases in facilities management, critical infrastructure and property management, primarily due to growth in clients driving increased management fees and reimbursements as well as the impact from recent acquisitions.”
“Depreciation and amortization expense increased by 28.2% during the quarter, as compared to the same period in prior year, reflecting higher amortization expense related to intangible assets from recent acquisitions, such as Pearce.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind CBRE
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
KEELKeel Infrastructure Corp.partnerMar 31, 2026 ▾
“We have engaged first-tier companies, including ASG, CBRE, Consertus, Corgan, Gensler, Langan, Syska Hennessy Group, Turner Construction Company, Vertiv, and WWT, to access deep, domain-specific expertise at each development stage, while retaining strategic c…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
CBRE is currently a Participant in the organic co-movement group Real Estate Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.