NYSE$CBRE
CBRE Group Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
CBRE's Q4 2021 financial performance reached new milestones with record revenue, net revenue, earnings, and free cash flow.
CBRE Group, Inc. reported strong Q4 and full year 2021 financial results, achieving record revenue, net revenue, earnings, and free cash flow. The company's diversification strategy and healthy balance sheet contributed to the outstanding performance.
- CBRE's Q4 2021 revenue reached $8.55 billion, a 23.7% increase year-over-year.
- GAAP earnings per share (EPS) for Q4 2021 totaled $2.04, while adjusted EPS reached $2.19.
- The company's Advisory Services segment saw revenue growth across most business lines, led by property sales and leasing.
- CBRE increased its multi-year aspirational growth framework, expecting average annual core adjusted earnings per share growth to exceed 20% from 2020 to 2025.
Headline financials
Revenue & EPS history
CBRE · Revenue · Quarterly
$8.55B
Revenue by segment
CBRE · $3.73B total across 2 segments · Q4 2021
- Advisory Services$3.32B+34.9%88.9%
- Real Estate Investments$413M+43.0%11.1%
Forward guidance
CBRE expects average annual core adjusted EPS growth to exceed 20% from 2020 to 2025, absent a recession. The average annual growth rate is expected to be in the low double digits for the period from 2021 to 2025.
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 Q4 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
| Quarter | Report date | Reaction (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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