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.