CBRE Group said Q4 revenue rose $10,404 million, up 16.2%, and full-year revenue was $35,767 million, up 12.0%. GAAP EPS for Q4 was $1.58 and for the full year $3.14; Core EPS for Q4 was $2.32 and for the full year $5.10.

1. 01

   CBRE Group said Q4 revenue rose $10,404 million, up 16.2%, and full-year revenue was $35,767 million, up 12.0%. GAAP EPS for Q4 was $1.58 and for the full year $3.14; Core EPS for Q4 was $2.32 and for the full year $5.10.

2. 02

   The company disclosed that cash flow provided by operations for 2024 was $1,708 million and free cash flow was $1,543 million. Free cash flow is calculated as cash flow provided by operations plus gain on sale of real estate assets of $142 million, less capital expenditures of $307 million.

3. 03

   CBRE Group said it repurchased approximately 6.05 million shares for $806 million (at an average price of $133.32 per share) since the end of Q3 2024, and as of February 11, 2025 more than $5.5 billion remained under its authorized repurchase program. The company's net leverage ratio as of December 31, 2024 was 0.93x.

4. 04

   The company said it expects 2025 Core EPS of $5.80 to $6.10, reflecting mid-teens growth at the midpoint. It added that it has not reconciled this Core EPS forward-looking guidance to the most directly comparable GAAP measure.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.