Overview
- CBRE reported third-quarter results on Thursday with core EPS of $2.05, net income of $443 million (up 22% year‑over‑year) and revenue of $11.5 billion, which rose 13% but missed consensus by about 2.2%.
- Executives gave 2027 targets for infrastructure revenue of $7.0 billion and critical infrastructure services of $4.5 billion, framing the area as a key growth driver for the company.
- CBRE completed a $610 million deal for London‑based Onnec Group and said it expects further M&A in 2027 to build scale in data‑center services.
- U.S. office leasing declined 2% in Q3, a shortfall the company attributes to supply dynamics and timing of large deals that executives expect to close in Q4 and lift leasing performance.
- Shares traded down roughly 3% after the results as investors weighed the revenue miss and leasing softness against rising profitability and the firm’s strategic pivot into infrastructure.