Canada's Colliers Q1 revenue rises 15%, beats estimates

Colliers International

05/05/2026 12:35

Overview

Canada's diversified real estate services firm's Q1 revenue rose 15%, beating analyst expectations

Adjusted EPS for Q1 rose 5% but missed analyst expectations

Company cites strength in resilient businesses and improving real estate transaction activity

Outlook

Colliers says 2026 outlook remains unchanged and includes impact of Ayesa Engineering acquisition

Company says outlook does not include any further acquisitions

Result Drivers

CAPITAL MARKETS AND LEASING RECOVERY - Commercial Real Estate segment growth was driven by a 47% rise in capital markets revenues and 11% growth in leasing, mainly in the US, with transactional services up 25% over the prior year

ENGINEERING SEGMENT EXPANSION - Engineering revenues rose 23%, driven by recent acquisitions and solid internal growth, though margins were pressured by lower utilization in certain end-markets

INVESTMENT MANAGEMENT INVESTMENTS - Investment Management revenue rose 7% due to a recent acquisition, but Adjusted EBITDA fell 8% as the company invested in global fundraising and integration initiatives

Company press release: ID:nGNX3v875b

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.31 bln
$1.28 bln (9 Analysts)
Q1 Adjusted EPS
Miss
$0.91
$0.95 (10 Analysts)
Q1 EPS
-$0.47
Q1 Adjusted EBITDA
$124.80 mln
Q1 Operating Earnings
$35 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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"

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)