CBRE on NYSE

CBRE Group

Logo: w:CBRE Group, Public domain, via Wikimedia Commons5

US commercial real estate services and investment company

CBRE Group, Inc. is an American commercial real estate services and investment firm, with corporate headquarters in Dallas, Texas, and global financial headquarters at Lever House in Midtown Manhattan.3 From Wikipedia, CC BY-SA 4.0

$135.85 up 6.98 (5.42%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

1906Founded1

Compare with Cushman & Wakefield, Brookfield Property Partners or Colliers International, or pick any stock.

  • TickerCBRE on NYSE1
  • Industryreal estate industry1
  • HeadquartersLos Angeles1
  • Websitewww.cbre.com
  • Legal formjoint-stock company1
  • Incorporated inDE6
  • Business address2121 North Pearl Street, Suite 300, Dallas, Tx 752016
  • Filer categoryLarge accelerated filer6
TC-skyline10.8.12-1267-Edit-4
Photo: CPonderTCC, CC BY-SA 4.0, via Wikimedia Commons8

CBRE Group, Inc. is an American commercial real estate services and investment firm, with corporate headquarters in Dallas, Texas, and global financial headquarters at Lever House in Midtown Manhattan. It is the world's largest commercial real estate services and investment firm based on 2025 revenue.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

4.4%Operating margin9
2.9%Net margin9
13.4%Revenue growth, 20259
13.0%Return on equity9
0.57×Debt to equity9

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Facilities Management brought in 51% of the revenue CBRE Group broke down this way in fiscal 2025.

  1. Facilities Management$20.6B951%up 13% from 2024
  2. Project Management$7.7B919%up 12% from 2024
  3. Advisory Leasing$4.5B911%up 15% from 2024
  4. Property Management$2.5B96%up 29% from 2024
  5. Advisory Sales$2.1B95%up 20% from 2024
  6. Valuation$815.0M92%up 9% from 2024
  7. Investment Management Property Management Brokerage And Other Professional Services$602.0M91%down 7% from 2024
  8. Bank Servicing$357.0M91%up 9% from 2024
  9. Other Portfolio Services$354.0M91%down 9% from 2024
  10. Real Estate Development Services$266.0M91%down 29% from 2024
  11. Commercial Mortgage Origination$251.0M91%up 28% from 2024
  12. Loan Servicing$164.0M90%up 2% from 2024
Products and services by year
Products and services202320242025
Facilities Management$16.1B$18.2B$20.6B
Project Management$6.3B$6.8B$7.7B
Advisory Leasing$3.5B$3.9B$4.5B
Property Management$1.7B$2.0B$2.5B
Advisory Sales$1.6B$1.8B$2.1B
Valuation$716.0M$751.0M$815.0M
Investment Management Property Management Brokerage And Other Professional Services$592.0M$650.0M$602.0M
Bank Servicing$315.0M$329.0M$357.0M
Other Portfolio Services$376.0M$389.0M$354.0M
Real Estate Development Services$345.0M$373.0M$266.0M
Commercial Mortgage Origination$138.0M$196.0M$251.0M
Loan Servicing$174.0M$160.0M$164.0M

Business segments

Building Operations & Experience brought in 58% of the revenue CBRE Group broke down this way in fiscal 2025.

  1. Building Operations & Experience$23.2B958%up 15% from 2024
  2. Advisory Services$8.2B921%up 15% from 2024
  3. Project Management$7.7B919%up 12% from 2024
  4. Real Estate Investments$868.0M92%down 15% from 2024
Business segments by year
Business segments202320242025
Building Operations & Experience$17.8B$20.2B$23.2B
Advisory Services$6.5B$7.2B$8.2B
Project Management$6.3B$6.8B$7.7B
Real Estate Investments$937.0M$1.0B$868.0M

Regions

United States brought in 56% of the revenue CBRE Group broke down this way in fiscal 2025.

  1. United States$22.8B956%up 13% from 2024
  2. All Other Countries$12.0B930%up 13% from 2024
  3. United Kingdom$5.7B914%up 15% from 2024
Regions by year
Regions202320242025
United States$17.5B$20.2B$22.8B
All Other Countries$10.1B$10.6B$12.0B
United Kingdom$4.4B$5.0B$5.7B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue83¢$33.0B
  • Other costs14¢$5.4B
  • Income tax1¢$317.0M
  • Profit3¢$1.2B

Out of $39.9B in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks62¢$968.0M
  • Kept or used elsewhere38¢$591.0M

Out of $1.6B of cash from operations.9

Financial statements

Revenue101112139$39.9B in 2025+71% since 2019
0$10.0B$20.0B$30.0B$40.0B2019: $23.3B$23.3B20192020: $23.2B$23.2B2020−0%2021: $26.9B$26.9B2021+16%2022: $30.2B$30.2B2022+12%2023: $31.5B$31.5B2023+4%2024: $35.2B$35.2B2024+12%2025: $39.9B$39.9B2025+13%
Operating income101112139$1.8B in 2025+39% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.3B$1.3B20192020: $969.8M$969.8M2020−23%2021: $1.6B$1.6B2021+69%2022: $1.5B$1.5B2022−8%2023: $1.1B$1.1B2023−26%2024: $1.4B$1.4B2024+26%2025: $1.8B$1.8B2025+24%
Net income101112139$1.2B in 2025−10% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.3B$1.3B20192020: $752.0M$752.0M2020−41%2021: $1.8B$1.8B2021+144%2022: $1.4B$1.4B2022−23%2023: $986.0M$986.0M2023−30%2024: $968.0M$968.0M2024−2%2025: $1.2B$1.2B2025+20%

Every line of the income statement in the latest annual report, as filed.9

Period ending2025-12-312024-12-312023-12-31
Revenue$40.5B$35.8B$31.9B
Cost of revenue$33.0B$28.8B$25.7B
Operating, administrative and other$5.5B$5.0B$4.6B
Depreciation and amortization$729.0M$674.0M$622.0M
Total costs and expenses$39.3B$34.5B$30.9B
Gain on disposition of real estate$459.0M$142.0M$27.0M
Operating income$1.8B$1.4B$1.1B
Equity income (loss) from unconsolidated subsidiaries$40.0M-$19.0M$248.0M
Other income$19.0M$39.0M$61.0M
Interest expense, net of interest income$216.0M$215.0M$149.0M
Write-off of financing costs on extinguished debt$2.0M$0$0
Income before provision for income taxes$1.6B$1.2B$1.3B
Provision for income taxes$317.0M$182.0M$250.0M
Net income$1.3B$1.0B$1.0B
Less: Net income attributable to non-controlling interests$120.0M$68.0M$41.0M
Net income attributable to CBRE Group, Inc.$1.2B$968.0M$986.0M
Net income per share attributable to CBRE Group, Inc. (in dollars per share)$3.88$3.16$3.20
Weighted average shares outstanding for basic income per share (in shares)298.2M shares305.9M shares308.4M shares
Net income per share attributable to CBRE Group, Inc. (in dollars per share)$3.85$3.14$3.15
Weighted average shares outstanding for diluted income per share (in shares)300.8M shares308.0M shares312.6M shares

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The story

In 1906, Tucker, Lynch & Coldwell, the earliest predecessor to CBRE, was established. In 1913, the company added Benjamin Arthur Banker as a partner and changed the combined entity's name in 1918 to Coldwell, Kern & Banker. In 1919, the name became Coldwell, Kern, Cornwall & Banker, and in 1920, Coldwell, Cornwall & Banker. Cornwall retired in 1940, and the company name changed again to Coldwell, Banker & Company, which was shortened to Coldwell Banker in 1974.

In 1981, Coldwell Banker was acquired by Sears. In 1989, Sears sold Coldwell Banker's commercial unit to a management-led buyout group including The Carlyle Group for approximately $300 million. After the buyout, the company was renamed CB Commercial Real Estate Group. The residential group retained the Coldwell Banker name.

CB Commercial returned to the public markets in 1996 through an initial public offering that raised approximately $80 million. The company subsequently expanded through acquisitions, purchasing Koll Real Estate Services in 1997 and merging with Richard Ellis International the following year. The merger resulted in the CB Richard Ellis name and was followed by the acquisition of UK firm Hillier Parker.

An investment group led by Blum Capital took the company private in 2001 in an $800 million leveraged buyout. CBRE acquired Insignia Financial Group in 2003 and returned to the public markets the following year. In 2006, the company's shares were added to the S&P 500 Index, and the same year the company acquired Trammell Crow Company for $2.2 billion. In 2011, the company acquired the real estate investment business of ING Group for $940 million.

In 2011, the company changed its name to CBRE Group Inc.

In 2013, the company acquired Norland Managed Services, a facilities, energy and project management provider in the United Kingdom and Ireland. In 2015, the company acquired Global Workplace Solutions from Johnson Controls. In 2018, the company acquired FacilitySource. In 2019, the company acquired the London developer Telford Homes.

In 2020, CBRE moved its global headquarters from Los Angeles to Trammell Crow's former headquarters building in Dallas, Texas. In 2021, CBRE Group paid £960 million for a 60% stake in the UK construction consultancy firm Turner & Townsend. In 2025, CBRE merged its project management businesses into Turner & Townsend, creating a $3bn business employing over 20,000 staff in 60 countries. CBRE increased its Turner & Townsend ownership stake to 70%.

In January 2025, CBRE acquired full ownership of Industrious, a provider of coworking office spaces. In January 2025, CBRE announced a new global financial headquarters at Lever House in Midtown Manhattan. In November 2025, CBRE announced the acquisition of Pearce Services from New Mountain Capital for $1.2 billion in cash.

From Wikipedia’s article on CBRE Group, shared under CC BY-SA 4.0.7

Leadership

Who has led CBRE Group, and when. Pick a name to see everywhere that person has worked.

Products and brands

  • commercial property

Listed on Wikidata.1

CBRE provides services to occupiers of and investors in commercial real estate as well as critical infrastructure services. For occupiers, CBRE provides facilities management, project management, transaction (both property sales and leasing) and consulting services, financial services, and valuation, among others. For investors, CBRE provides capital markets (property sales, commercial mortgage brokerage, loan origination and servicing), property leasing, investment management, property management, sustainability, valuation and development services, among others. Its critical infrastructure services include management and operations of data centers and technical services for digital and power infrastructure assets.

CBRE's board of directors includes leaders from a range of industries, including Turner & Townsend Chairman and Chief Executive Officer Vincent Clancy, president of Financial Services at Capital One Sanjiv Yajnik, and former Morgan Stanley Global Chairman of Real Estate Guy Metcalfe.

From Wikipedia’s article on CBRE Group, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Owners

  • ValueAct Capital 9.4%
  • The Vanguard Group 7%
  • Fidelity Investments 5.3%
  • Harris Associates 4.7%

Subsidiaries

  • CBRE K.K.
  • Insignia Financial Group
  • Trammell Crow Company

From Wikidata.1

Acquisitions

  1. 2006Acquired Trammell Crow Company1

Former names

  • CB RICHARD ELLIS GROUP INCFeb 18, 2004 to Sep 9, 20116
  • CB RICHARD ELLIS SERVICES INCFeb 17, 2004 to Feb 17, 20046
  • CBRE HOLDING INCJul 16, 2001 to Dec 5, 20036

Timeline

  1. 1906Founded Founded1

Recent filings

  1. Aug 14, 20264
  2. Aug 14, 20264
  3. Aug 13, 2026144
  4. Aug 13, 2026144
  5. Jul 31, 20264
  6. Jul 29, 20268-K
  7. Jul 29, 2026144
  8. Jul 29, 202610-Q
  9. Jul 27, 2026144
  10. Jun 23, 202611-K
  11. Jun 23, 20268-K
  12. Jun 15, 20268-K
  13. May 29, 20263
  14. May 27, 20264
  15. May 26, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2