CBRE Group, Inc. Q3 2026 Earnings Recap

CBRE’s shares fell 2.5% after earnings, a roughly flat reaction. Results showed double-digit revenue growth, while the outlook also pointed to downward pressure in businesses tied to real estate capital markets as interest rates remain elevated.

Key Takeaways

• Core EPS rose 28% on a 13% revenue increase; resilient and transactional businesses both grew at double-digit rates.
• Advisory revenue increased 11%. Leasing grew 6%, with U.S. office leasing down 2%; property sales revenue rose 28%.
• Building Operations and Experience revenue grew 17%, led by Critical Infrastructure Services, up 80%. Project Management revenue rose 3% amid slower corporate real estate capital spending.
• Real Estate Investments operating profit increased to $166 million from $73 million, driven by data center land sales and other asset monetizations; Investment Management operating profit declined 12%.
• Management maintained 2026 core EPS guidance of $7.80–$7.90 and said it expects slightly above one turn of net leverage at year-end.