CBRE Q2 results beat estimates, lifts 2026 core EPS outlook

CBRE

29/07/2026 12:06

Overview
US commercial real estate services firm's Q2 revenue rose 16%, slightly beating analyst expectations
Core EPS for Q2 increased 30% to $1.56, beating consensus estimates
Company raised 2026 core EPS outlook, citing balanced growth across all segments

Outlook
CBRE Group raises 2026 core EPS outlook to $7.80-$7.90 from $7.60-$7.80
Company says resources and investments are being directed to drive current and long-term growth

Result Drivers
LEASING AND PROPERTY SALES - Strong growth in global leasing and property sales, led by the U.S. and EMEA, drove Advisory Services revenue and profit
CRITICAL INFRASTRUCTURE SERVICES - Revenue from critical infrastructure services surged, driven by data center solutions and the Pearce Services acquisition
PROJECT MANAGEMENT ACTIVITY - Growth in project management was underpinned by infrastructure activity in the U.K., Europe and Middle East, and gains in real estate projects in North America and Asia

Company press release: ID:nBw54Qstsa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$11.23 bln
$11.18 bln (5 Analysts)
Q2 Core EPS
Beat
$1.56
$1.49 (11 Analysts)
Q2 EPS
 
$0.69
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for CBRE Group Inc is $180.00, about 22.4% above its July 28 closing price of $147.05
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 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.)