Feed / CBRE

CBRE Group, Inc.

CBRE

Real Estate · 137.98 -1.3% today

Partial group confirmationMarket checked 10 Sept, 15:55 GMT-4

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.

MOVE ANATOMY

Is this move genuinely shared?

Session-normalized 5m paths
Role in the moveAligned contributor#7 of 12 by movement share
Group movement share6.3%Absolute path energy—not portfolio weight
Relative path-1.32%aligned
Effective breadth7.2 / 12broad
Relative alignment8/12downside path · 2 counter-moving
Capital-flow agreement12%not yet clean
SEQUENCE READ

NMRK, SLG, JLL moved materially before CBRE. CBRE crossed its material path threshold at 15:25 ET. BXP followed.

What changed
  • Revenue increased 18.8% versus the comparable filing period.
  • Operating cash flow covered only -2.59x net income.
EVIDENCE COVERAGE

3 of 16 members in Real Estate Services are active. 0 of 3 disclosed connections are confirming.

What would change this read
  • 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.

Watch this read

Research brief

The story so far

Real Estate · Real Estate Services

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.

Evidence that supports
  • 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.
Evidence that challenges
  • Operating cash flow covered only -2.59x net income.
What would clarify the read
  • 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

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements248
Verified relationships3
Evidence supporting the case
  • Latest annual revenue changed +13.4% year over year.
Evidence challenging the case

No qualifying adverse evidence was identified; that is not proof there is no downside.

Questions before a position
  • 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.
Longer-term price context

Price as of Sep 10, 2026

137.98
6m+4.1%12m-14.9%24m+20.9%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$26.9B+16.3%$5.41+0.4%
2022-12-31$30.2B+12.0%$4.29-3.5%
2023-12-31$31.5B+4.4%$3.15-4.6%
2024-12-31$35.2B+11.7%$3.14-1.4%
2025-12-31$39.9B+13.4%$3.85-2.4%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 5 filings
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
Capital investment and capacitynegative · 2 filings
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
Restructuring and cost reductionspositive · 1 filings
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.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

137.98-1.3% today

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.

mixed
OperationsconstructiveEvidence score +4
liquiditycautiousEvidence score -1
valuationmixed

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.