01:32 PM EDT, 10/24/2025 (MT Newswires) -- Stifel Canada is encouraged by CBRE's 10% earnings beat for its third-quarter with that company's management reporting transaction services revenues were a highlight with leasing +18% y/y and sales +30%, with positive read-through for Colliers International ( CIGI )

Stifel Canada is modelling +8% leasing growth and +15% sales growth for Colliers' third quarter results.

"We believe Colliers has made significant strides in recent years to diversify its earnings, adding high-quality recurring revenue streams (namely Investment Management and Engineering), which now represent >70% of EBITDA. However, despite its differentiated earnings mix, CIGI's shares continue to trade at similar valuations to the broader peer group of CRE service providers. We attribute this valuation malaise to an acute focus on CIGI's legacy brokerage operations combined with investor uncertainties around the resilience/growth potential of CIGI's relatively new investment management portfolio," said analyst Daryl Young.

Young's view is that Colliers is a "high-quality company that is poised to keep compounding value near-term given 1) the recovery of its more cyclical end markets from recent lows (i.e. IM fundraising and CRE brokerage), 2) the integration/optimization of recent acquisitions and 3) additional capital deployment."

Colliers, which reports its third-quarter results on Nov. 4, is rated Buy, with a US$195 target.

Price: 237.08, Change: +0.76, Percent Change: +0.32