July 25 (Reuters) - CBRE Group ( CBRE ) raised its

annual profit forecast on Thursday as the real estate services

provider focuses on demand from businesses such as leasing and

loan servicing that are less sensitive to changes in interest

rates.

The company now expects fiscal 2024 earnings per share to be

in the range of $4.70 to $4.90, compared with its prior forecast

range of $4.25 to $4.65.

The Dallas-based company provides services such as leasing,

management and sale of properties, mortgage servicing and

property development.

CBRE's ( CBRE ) property leasing revenue rose 9% globally in the

second quarter, offsetting weakness from property sales. Most

buyers and sellers are staying on the sidelines due to high

borrowing costs.

The 3% decline in property sales revenue was less pronounced

than expected, the company said.

Other segments such as loan servicing and facilities

management, which see little flux from changes in borrowing

costs, also led revenue growth.

Revenue for the quarter ended June 30 rose 9% to $8.40

billion. Analysts had expected $8.31 billion, according to LSEG

data.

On an adjusted basis, CBRE ( CBRE ) earned 81 cents per share,

beating estimates of 76 cents.