CBRE Q1 2025 Results Summary

CBRE Group, Inc. (NYSE:CBRE) reported strong financial performance for the first quarter of 2025, driven by growth across its diversified business segments.

Highlights:
- GAAP EPS rose 32% year-over-year to $0.54
- Core EPS increased 10% to $0.86
- Revenue grew 12% to $8.9 billion; net revenue up 15% to $5.1 billion
- Resilient Businesses net revenue rose 14% (17% in local currency) to $3.7 billion
- Transactional Businesses revenue up 16% (18% in local currency) to $1.4 billion
- GAAP net income climbed 29% to $163 million
- Core EBITDA rose 27% to $540 million
- Nearly $600 million of shares repurchased since the end of 2024
- Trailing 12-month net cash flow from operations exceeded $1.6 billion
- Trailing 12-month free cash flow nearly $1.5 billion

CEO Bob Sulentic noted that business performance exceeded expectations in Q1, but recent tariff-driven uncertainty has made the outlook less clear, though new business pipelines remain strong.