For Q1 2025, CBRE reported total revenue of $8,910 million ($7,935 million a year earlier), net revenue of $5,112 million, and GAAP net income attributable to the parent company of $163 million ($126 million a year earlier). GAAP EPS was $0.54.

1. 01

   For Q1 2025, CBRE reported total revenue of $8,910 million ($7,935 million a year earlier), net revenue of $5,112 million, and GAAP net income attributable to the parent company of $163 million ($126 million a year earlier). GAAP EPS was $0.54.

2. 02

   The company said Core EBITDA for Q1 2025 was $540 million, up 27.4% from $424 million a year earlier, and Core EPS was $0.86, up 10.3% from $0.78 a year earlier.

3. 03

   CBRE said free cash flow for Q1 2025 was an outflow of -$610 million, reflecting cash used in operating activities of $546 million and capital expenditures of $64 million. Free cash flow for the trailing 12 months was about $1.5 billion.

4. 04

   The company said it repurchased about 4.6 million shares for $585 million since the end of 2024. Its net leverage ratio was 1.45x as of March 31, 2025.

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

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