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CBRE posts upbeat quarterly results on higher leasing, property sales
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CBRE posts upbeat quarterly results on higher leasing, property sales
Feb 13, 2025 6:22 AM

Feb 13 (Reuters) - Real estate services provider CBRE

Group ( CBRE ) reported better-than-expected fourth-quarter

profit and revenue on Thursday, helped by robust demand for its

leasing and property sales businesses.

The company's quarterly office leasing revenue rose

worldwide, led by a 28% increase in the United States, as a

healthy economic outlook and more employees returning to office

encouraged corporates to make long-term decisions.

"Growth was very strong for both property sales and loan

origination activity around the world," CBRE ( CBRE ) said in a

statement.

The company posted adjusted earnings per share of $2.32 for

the fourth quarter, above analysts' estimates of $2.22,

according to data compiled by LSEG.

Its revenue for the quarter ended December 31 rose 16.2%

from a year ago to $10.40 billion. Analysts on average had

estimated revenue at $10.29 billion.

The Dallas, Texas-based company expects 2025 core profit

between $5.80 per share and $6.10 per share, compared with

expectations of $6.03 per share.

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