CBRE Group Q1 revenue, profit rise on early data center profits

CBRE

23/04/2026 12:03

Overview

US commercial real estate services firm's Q1 revenue rose 19% yr/yr to $10.5 bln

Q1 core EPS rose 81% yr/yr to $1.61; GAAP EPS up 98% to $1.07

Company raised 2026 core EPS outlook, citing strong segment growth and early data center profits

Outlook

CBRE Group raises 2026 core EPS outlook to $7.60-$7.80 from $7.30-$7.60

Company says infrastructure asset services are expected to drive significant profits and growth

Result Drivers

SEGMENT GROWTH - Advisory, Building Operations & Experience, and Project Management segments grew revenue and operating profit, contributing to overall results

INFRASTRUCTURE SERVICES - Work related to infrastructure assets, including data centers, power, telecom and transportation, became a significant source of profits and growth across all segments

DATA CENTER LAND PROFITS - Earlier-than-anticipated profits from the data center land development program boosted results

Company press release: ID:nBw38xs1xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$10.53 bln
Q1 Core EPS
$1.61
Q1 EPS
$1.07


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the real estate services peer group is "buy"

Wall Street's median 12-month price target for CBRE Group Inc is $180.00, about 17.2% above its April 22 closing price of $153.52

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)