Overview

* CBRE ( CBRE ) Q3 revenue up 14% to $10.3 bln, beating analyst expectations

* Core EPS for Q3 beats analyst estimates, rising 34% to $1.61

* Company raises 2025 Core EPS outlook to $6.25-$6.35, up from $6.10-$6.20

Outlook

* CBRE ( CBRE ) raises 2025 Core EPS outlook to $6.25-$6.35 from $6.10-$6.20

Result Drivers

* LEASING GROWTH - Global leasing revenue increased by 18%, driven by strong performance in APAC and the United States

* CAPITAL MARKETS - Global property sales revenue rose 30%, with significant growth in APAC and the United States

* PROJECT MANAGEMENT - Project management revenue increased 20%, supported by strong activity in the UK and data centers

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $10.25 $10.13

Revenue bln bln (8

Analysts

)

Q3 Core Beat $1.61 $1.46

EPS (11

Analysts

)

Q3 EPS $1.21

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the real estate services peer group is "buy"

* Wall Street's median 12-month price target for CBRE Group Inc ( CBRE ) is $179.26, about 10.3% above its October 21 closing price of $160.88

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)