Skip to Content

CBRE Group Inc Class A CBRE

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

CBRE Posted a Strong Set of Numbers in Q2 and Announced Acquisition of Turner & Townsend

Michael Wong, CFA, CPA Sector Director

Analyst Note

| Michael Wong, CFA, CPA |

Narrow-moat-rated CBRE Group posted a strong set of numbers in the second quarter, comfortably beating the FactSet consensus estimate of $0.78 per share with reported adjusted EPS of $1.36. Companywide net revenue has fully recovered beyond prepandemic levels as the company reported second-quarter companywide net revenue of $3.91 billion, a 31% increase on a year-over-year basis and an 11% increase from the second quarter of 2019. Adjusted EBITDA also came in strong for the current quarter at $718 million, 53% higher than the second quarter of 2019. Despite the strong quarter, we currently don't anticipate making any significant changes to our long-term outlook for the company and thus reaffirm our $73 fair value estimate for CBRE.

Read Full Analysis

Company Profile

Business Description

CBRE Group provides a wide range of real estate services to owners, occupants, and investors worldwide, including leasing, property and project management, and capital markets advisory. Additionally, CBRE’s investment management arm manages over $100 billion for clients across diverse public and private real estate strategies.

Contact
400 South Hope Street, 25th Floor
Los Angeles, CA, 90071
T +1 213 613-3333
Sector Real Estate
Industry Real Estate Services
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type Cyclical
Employees 100,000

Related