NYSE$CBRE

CBRE Group Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

CBRE reported strong Q3 2021 results driven by diversification strategy, with significant growth in net income and EPS.

CBRE Group, Inc. reported financial results for the third quarter ended September 30, 2021, with net income up 137% and EPS up 135%. Adjusted Net Income was up 93% and Adjusted EPS up 92%. The company's diversification strategy and adept leadership in identifying growth opportunities contributed to the strong performance.

  • Net income increased by 137% and EPS increased by 135%.
  • Adjusted net income increased by 93% and adjusted EPS increased by 92%.
  • Global property sales revenue rose 93% and exceeded the third-quarter 2019 peak level by 27%.
  • Global leasing revenue increased 58% and exceeded the third-quarter 2019 peak level by 7%.

Headline financials

Total Revenue

$6.8B

Previous: $5.65B+20.4%
EPS (adj)

$1.39

Previous: $0.73+90.4%
Operating Margin

21.6%

Previous: 3.8%+468.4%
Mortgage Origination Growth

41.0%

Previous: -21.0%+295.2%
Capital Expenditures

-$121M

Previous: -$191M+36.3%
Free Cash Flow

$314M

Previous: -$6.41M+5000.7%
Net Income

$436M

Previous: $184M+136.6%
Operating Income

$410M

Previous: $211M+93.8%
Gross Profit

$1.54B

Previous: $1.08B+42.5%
Cash & Equivalents

$2.77B

Previous: $1.48B+86.8%
Total Assets

$19.7B

Previous: $16.3B+20.7%

Revenue & EPS history

CBRE · Revenue · Quarterly

$6.8B

Q3 2021+20.4%vs Q3 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

CBRE · $2.64B total across 2 segments · Q3 2021

  • Advisory Services
    $2.41B+37.5%
  • Real Estate Investments
    $224M+31.8%

Forward guidance

The company did not provide specific forward guidance in this 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 Q3 2021

Historical avgQ3 2021

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro