Thu, Apr 24, 8:37 PM (21 days ago)
**CBRE Group, Inc. (CBRE) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $8.9 billion, up from $7.9 billion in Q1 2024, driven by growth in leasing, commercial mortgage origination, and property sales. - **Net Income:** $163 million, compared to $126 million in Q1 2024. - **Profit Margins:** Effective tax rate increased to 21.4% from (24.3)% in Q1 2024. - **Cash Flow:** Net cash used in operating activities was $546 million, up from $492 million in Q1 2024. Net cash provided by financing activities was $1.256 billion, up from $1.192 billion in Q1 2024. **Segment Performance:** - **Advisory Services:** Revenue up 13.4%, driven by global leasing and property sales. - **Building Operations & Experience (BOE):** Revenue up 13.9%, driven by property management and facilities management. - **Project Management:** Revenue up 7.4%, driven by Turner & Townsend and higher management fees. - **Real Estate Investments (REI):** Revenue up 2.2%, driven by higher incentive fees. **Trends and Uncertainties:** - **Market Volatility:** Extreme market volatility due to tariffs and trade policy changes. - **Acquisitions:** Full ownership of Industrious and combination with Turner & Townsend. - **Liquidity:** Maintaining substantial liquidity to finance future growth. **Future Operations Impact:** - **Capital Allocation:** $407 million worth of shares repurchased in Q1 2025. - **Debt and Financing:** Utilizing revolving credit facilities and commercial paper program for liquidity. - **Segment Restructuring:** New segments include BOE and Project Management. **Ticker:** CBRE