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CBRE Group, Inc.
Type
Public company
Traded as NYSE: CBG
S&P 500 Component
Industry Real estate
Founded 1906
Number of locations
450 (2016)
Area served
Worldwide
Key people
  • Robert Sulentic, CEO
  • Mike Lafitte, COO
  • James Groch, CFO
  • Ray Wirta, Chairman
Products Commercial real estate services
Revenue Increase US$13.071 billion (2016)
Operating income
Decrease US$0.815 billion (2016)
Net income
Increase US$0.584 billion (2016)
Total assets Decrease US$10.779 billion (2016)
Total equity Increase US$3.014 billion (2016)
Number of employees
75,000 (2016)
Website cbre.com

CBRE Group, Inc. is the largest commercial real estate services and investment firm in the world. It is based in Los Angeles, California and operates more than 450 offices worldwide and has clients in more than 100 countries.

Services provided by the company include facilities management services to occupiers of commercial real estate as well as property management, leasing, capital markets, appraisal, and brokerage services to owners of commercial real estate. The CBRE Global Investors division sponsors real estate investments via investment funds and direct investments that it manages. As of December 31, 2016, the division had $86.6 billion in assets under management.

The company is ranked #214 on the Fortune 500 and has been included in the Fortune 500 in every year since 2008. The company receives business from 90 of the top 100 companies on the Fortune 100.

In 2016, the company received 55.3% of its revenue from the Americas, 30.0% of revenue from Europe, the Middle East and Africa, and 11.4% of revenue from the Asia Pacific region.

On August 27, 1906, following the 1906 San Francisco earthquake, Tucker, Lynch & Coldwell was established. In 1940, the company was renamed Coldwell Banker. In 1981, Coldwell Banker was acquired by Sears.

In 1989, Sears sold Coldwell Banker to a management-led buyout group that included The Carlyle Group for $305 million. The company was renamed CB Commercial.

By 1991, the company was suffering financially due to debt taken on from the leveraged buyout.

In 1995, the company acquired Westmark Realty Advisors for $37.5 million.

In 1996, the company acquired L.J. Melody & Co. for $15 million.

In 1996, the company became a public company via an initial public offering.

In 1997, the company acquired Koll Real Estate Services for $145 million.

In 1998, the company merged with Richard Ellis International (REI) Limited and changed its name to CB Richard Ellis. The company also acquired Hillier Parker May & Rowden for $69 million.

In 1999, the company acquired LirAntunez Propiedades SA, based in Chile, and merged its Japanese operations with Ikoma.

In 2001, the company was taken private by an investment group led by Blum Capital in an $800 million transaction.

In 2003, the company acquired Insignia Financial Group for $415 million in cash.

On June 10, 2004, the company once again became a public company via an initial public offering.

In 2006, the company was added to the S&P 500 Index.

In December 2006, the company acquired Trammell Crow Company for $2.2 billion.

In 2010, Gil Borok was promoted to chief financial officer of the company.

In 2011, the company acquired the real estate investment management business of ING Group for $940 million.

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

In 2012, CEO Brett White retired and was replaced by the former president, Robert Sulentic.

In 2016, the company acquired Skye Group.

In 2017, the company acquired Floored and Mainstream.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2018 2018-07-28 Future report Set alerts
Q1 2018 2018-04-25 Future report Set alerts
Q4 2017 2018-02-08 0.99 0.49
Q3 2017 2017-11-03 0.64 0.58
Q2 2017 2017-07-27 0.65 0.58
Q1 2017 2017-04-27 0.43 0.38
Q4 2016 2017-02-10 0.93 0.78
Q3 2016 2016-10-27 0.50 0.31
Q2 2016 2016-07-28 0.52 0.36
Q1 2016 2016-04-28 0.36 0.24

Ratings

2016-05-16 Initiated Coverage Keefe, Bruyette & Woods Market Perform $32.00
2016-01-27 Lower Price Target JPMorgan Chase & Co. $47.00 to $39.00
2015-10-20 Boost Price Target Barclays Overweight $43.00 to $45.00
2015-10-20 Boost Price Target Barclays PLC Overweight $43.00 to $45.00
2015-09-06 Reiterated Rating William Blair Outperform
2015-09-03 Boost Price Target Barclays Overweight $41.00 to $43.00
2015-08-25 Initiated Coverage Sterne Agee CRT Buy $42.00
2015-08-12 Downgrade Goldman Sachs Conviction-Buy to Buy
2015-08-12 Downgrade Goldman Sachs Group Inc. Conviction-Buy to Buy
2015-07-18 Lower Price Target Barclays Overweight $43.00 to $41.00
2015-04-01 Boost Price Target JMP Securities Market Outperform $37.00 to $42.00
2014-12-04 Boost Price Target Barclays Overweight $34.00 to $35.00
2014-10-14 Reiterated Rating JPMorgan Chase & Co. Overweight $36.00 to $37.00
2014-07-31 Boost Price Target JMP Securities $34.00 to $37.00
2014-07-30 Reiterated Rating Jefferies Group Market Outperform $34.00 to $37.00
2014-07-21 Boost Price Target Barclays Overweight $30.00 to $33.00
2014-07-17 Boost Price Target JPMorgan Chase & Co. Overweight $31.00 to $36.00
2014-06-16 Reiterated Rating JMP Securities Market Outperform $32.00 to $34.00
2014-05-06 Reiterated Rating Barclays Overweight $29.00 to $30.00
2014-03-06 Boost Price Target JPMorgan Chase & Co. $29.00 to $31.00
2014-03-06 Boost Price Target Barclays $27.00 to $29.00
2014-03-06 Initiated Coverage Goldman Sachs Neutral to Buy
2014-02-25 Boost Price Target JMP Securities $27.00 to $32.00
2011-08-01 Reiterated Barclays Capital Overweight $33 to $30
2011-04-01 Reiterated Barclays Capital Overweight $28 to $31
2010-12-22 Reiterated JMP Securities Mkt Outperform $20 to $24
2010-04-30 Reiterated JMP Securities Mkt Outperform $16 to $19
2009-09-17 Downgrade William Blair Outperform to Mkt Perform
2009-03-25 Upgrade JP Morgan Neutral to Overweight
2009-03-25 Upgrade JMP Securities Mkt Perform to Mkt Outperform
2008-09-18 Downgrade JMP Securities Mkt Outperform to Mkt Perform
2008-07-31 Reiterated JMP Securities Mkt Outperform $28 to $21
2008-07-31 Downgrade JP Morgan Overweight to Neutral
2008-07-24 Initiated Lehman Brothers Equal-Weight
2008-04-29 Downgrade Citigroup Buy to Hold $26
2008-02-07 Reiterated JMP Securities Mkt Outperform $30 to $28
2008-01-18 Reiterated Lehman Brothers Overweight $31 to $26
2008-01-07 Downgrade JMP Securities Strong Buy to Mkt Outperform $40 to $30
2016-05-16 Initiated Coverage Keefe, Bruyette & Woods Market Perform $32.00
2016-01-27 Lower Price Target JPMorgan Chase & Co. $47.00 to $39.00
2015-10-20 Boost Price Target Barclays Overweight $43.00 to $45.00
2015-10-20 Boost Price Target Barclays PLC Overweight $43.00 to $45.00
2015-09-06 Reiterated Rating William Blair Outperform

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
ValueAct Holdings, L.P. See Remarks 7.50%  (24916923) ADBE / ADS / ALSN / AWI / CBG / CIM / KAR / KKR / MSCI / STX / TRN / VRX /
Boze Brandon See Remarks 6.00%  (19916923) CBG /
WIRTA RAYMOND E 0.33%  (1111339) CBG /
SULENTIC ROBERT E President and CEO 0.22%  (730373) CBG / SPLS /
GROCH JAMES R EVP, Chief Investment Officer 0.16%  (528015) CBG /
LAFITTE MICHAEL J Global President, CBRE Svcs. 0.11%  (356555) CBG /
Khourie Matthew S President, Global Investors 0.09%  (313537) CBG /
Blain Rob CEO, Asia Pacific 0.09%  (300265) CBG /
Frese Calvin W Jr CEO, Americas 0.08%  (272755) CBG /
KIRK J. CHRISTOPHER EVP, Chief Admin. Officer 0.04%  (140716) CBG /
WILSON GARY L 0.04%  (139985) CBG /
FERGUSON T RITSON CEO, CBRE Global Investors 0.04%  (124955) CBG /
Midler Laurence H EVP, General Counsel 0.04%  (120246) CBG /
FREEMAN BRADFORD M 0.04%  (116458) CBG / EIX /
Strong Michael J CEO, EMEA 0.03%  (106417) CBG /
Kantor Michael 0.02%  (55468) CBG /
Borok Gil EVP, Chief Financial Officer 0.01%  (45872) CBG /
FEENY CURTIS F 0.01%  (45197) CBG / SPLS /
Jenny Christopher T 0.01%  (40345) CBG /
GAFFNER ARLIN E Chief Accounting Officer 0.01%  (39990) CBG /
BLUM RICHARD C 0.01%  (37169) CBG /
TYSON LAURA D 0.01%  (31371) CBG / MS / SSNI / T /

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