NYSE$CBRE

CBRE Group Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

CBRE had an outstanding second quarter with strength across its global businesses, posting double-digit revenue and segment operating profit growth. Core EPS was the highest for any quarter in CBRE’s history, up 37% from last year’s second quarter.

CBRE Group, Inc. reported financial results for the second quarter ended June 30, 2022. Net income was up 10% and GAAP EPS was up 13%. Core Adjusted Net Income was up 33% and Core EPS was up 37%.

  • All three business segments posted double-digit revenue and segment operating profit growth.
  • Core EPS was the highest for any quarter in CBRE’s history – up 37% from last year’s second quarter and even slightly higher than last year’s record fourth quarter.
  • These results reflect the benefits of our diversification strategy and an economic backdrop that was still generally supportive despite heightened macro concerns.
  • The company repurchased approximately 7.5 million shares for $611.2 million ($81.39 average price per share) during the second quarter of 2022.

Headline financials

Total Revenue

$7.77B

Previous: $6.46B+20.3%
EPS (adj)

$1.83

Previous: $1.36+34.6%
Operating Margin

20.1%

Previous: 21.7%-7.4%
Advisory SOP

$521M

Previous: $464M+12.3%
REI SOP

$275M

Previous: $153M+79.7%
Mortgage Origination Growth

-1.0%

Previous: 61.0%-101.6%
Property Sales Growth

17.0%

Previous: 152.0%-88.8%
Leasing Revenue Growth

40.0%

Previous: 33.0%+21.2%
Capital Expenditures

-$96.7M

Previous: -$75.9M-27.4%
Free Cash Flow

$391M

Previous: $367M+6.5%
Net Income

$487M

Previous: $443M+10.1%
Operating Income

$517M

Previous: $366M+41.1%
Gross Profit

$1.72B

Previous: $1.44B+19.1%
Cash & Equivalents

$1.19B

Previous: $2.14B-44.3%
Total Assets

$20.4B

Previous: $18.5B+10.7%
Stock-Based Comp

$45.5M

No prior period

Revenue & EPS history

CBRE · Revenue · Quarterly

$7.77B

Q2 2022+20.3%vs Q2 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

CBRE · $2.87B total across 2 segments · Q2 2022

  • Advisory Services
    $2.59B+21.1%
  • Real Estate Investments
    $277M+14.0%

Forward guidance

The company did not provide forward guidance in this earnings report.

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 Q2 2022

Historical avgQ2 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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