NYSE$CBRE

CBRE Group Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

CBRE's financial performance for Q1 2022 was marked by substantial growth in net income, EPS, and revenue across all segments, driven by a diversified business strategy and strategic investments.

CBRE Group, Inc. reported a strong start to 2022, with significant increases in net income, EPS, and revenue. The company's diversified business strategy and strategic investments, including the acquisition of Turner & Townsend, contributed to the positive results. Share repurchases totaled $627 million year-to-date, reflecting a commitment to returning cash to shareholders.

  • Net income increased by 47% and GAAP EPS rose by 48% to $1.16.
  • Core adjusted net income increased by 71% and Core EPS rose by 72% to $1.39.
  • Revenue increased by 23.5% to $7.33 billion.
  • Turner & Townsend continues to perform ahead of expectations contributing nearly $41 million to GWS segment operating profit.

Headline financials

Total Revenue

$7.33B

Previous: $5.94B+23.5%
EPS (adj)

$1.39

Previous: $0.86+61.6%
Operating Margin

20.7%

Previous: 19.7%+5.1%
Advisory SOP

$466M

Previous: $332M+40.2%
REI SOP

$167M

Previous: $60.6M+175.7%
Mortgage Origination Growth

4.0%

No prior period
Property Sales Growth

58.0%

No prior period
Leasing Revenue Growth

49.0%

No prior period
Capital Expenditures

-$42.1M

Previous: -$29.6M-42.1%
Free Cash Flow

$350M

Previous: $237M+48.0%
Net Income

$392M

Previous: $266M+47.4%
Operating Income

$377M

Previous: $269M+40.1%
Gross Profit

$1.58B

Previous: $1.22B+29.6%
Cash & Equivalents

$1.66B

Previous: $1.91B-13.2%
Total Assets

$21.1B

Previous: $17.2B+22.6%
Stock-Based Comp

$36.9M

No prior period

Revenue & EPS history

CBRE · Revenue · Quarterly

$7.33B

Q1 2022+23.5%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

CBRE · $2.53B total across 2 segments · Q1 2022

  • Advisory Services
    $2.25B+31.6%
  • Real Estate Investments
    $284M+34.5%

Forward guidance

This document does not contain explicit forward guidance. It contains forward-looking statements regarding the company’s future growth momentum, operations, business outlook, capital deployment and financial performance, including consolidated earnings.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.3%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+2.9%

Avg return

30 days after

59%

41 / 69 earnings

Positive

+14.8%

Q3 2020

Best reaction

-8.8%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%-4.3%-14.5%
Q4 2025-8.8%-5.5%-10.5%
Q3 2025+0.1%-2.6%-4.3%
Q2 2025+7.8%+5.0%+10.5%
Q1 2025+0.8%-0.2%-0.8%
Q4 2024+1.8%+2.2%-10.7%
Q3 2024+7.7%+6.3%+10.0%
Q2 2024+12.5%+13.9%+19.1%
Q1 2024-0.5%-0.3%+1.5%
Q4 2023+7.2%+4.7%+7.3%
Q3 2023+1.6%+5.6%+18.9%
Q2 2023-6.7%-6.1%-6.5%
Q1 2023+9.6%+7.4%+8.0%
Q4 2022-1.1%-0.9%-19.9%
Q3 2022-2.6%+0.2%+6.4%
Q2 2022+0.4%-0.3%-7.7%
Q1 2022-5.1%-8.2%-6.6%
Q4 2021+2.7%-0.5%-6.0%
Q3 2021+0.5%-1.4%-5.2%
Q2 2021+6.0%+5.7%+5.1%
Q1 2021+3.1%+3.4%+6.2%
Q4 2020+2.6%+0.7%+1.6%
Q3 2020+14.8%+18.2%+39.2%
Q2 2020-4.4%-1.0%+10.6%
Q1 2020+9.0%-2.5%+41.6%
Q4 2019-1.4%+1.4%-31.1%
Q3 2019-1.9%-0.7%+5.3%
Q2 2019+0.9%-2.7%-1.4%
Q1 2019-2.8%-3.8%-1.5%
Q4 2018+3.4%+4.6%+5.9%
Q3 2018+3.6%+6.3%+8.4%
Q2 2018-0.7%-0.5%-2.1%
Q1 2018+0.3%+1.0%+0.6%
Q4 2017-1.5%+3.8%+11.9%
Q3 2017+3.9%+4.6%+10.2%
Q2 2017-1.9%-1.6%-7.8%
Q1 2017+3.6%+4.1%-0.5%
Q4 2016+9.2%+12.3%+15.3%
Q3 2016-6.7%-7.0%+5.8%
Q2 2016-1.4%-1.9%+2.7%
Q1 2016-3.2%
Q4 2015+0.3%
Q3 2015+8.9%
Q2 2015-0.4%
Q1 2015-0.8%
Q4 2014+3.3%
Q3 2014+1.3%
Q2 2014-4.0%
Q1 2014+9.9%
Q4 2013-3.5%
Q3 2013+0.3%
Q2 2013-2.4%
Q1 2013-1.7%
Q4 2012+8.7%
Q3 2012-1.3%
Q2 2012+2.6%
Q1 2012+3.7%
Q4 2011+3.1%
Q3 2011-5.8%
Q2 2011+1.0%
Q1 2010-2.7%
Q1 2011+2.4%
Q4 2008-1.8%
Q4 2010-1.8%
Q3 2009+1.5%
Q3 2010+1.5%
Q2 2009+1.8%
Q2 2010+1.8%
Q4 2009+1.8%

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