CBRE Group (CBG) Approves $250M Stock Buyback Program
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CBRE Group, Inc. Announces Stock Repurchase Program
October 27, 2016 6:55 AM EDTLOS ANGELES--(BUSINESS WIRE)-- CBRE Group, Inc. (NYSE: CBG) today announced that its Board of Directors has authorized the company to repurchase up to an aggregate of $250 million of its shares of Class A common stock over three years.
The repurchase program is expected to be executed through open market transactions, privately negotiated transactions, or in such other manner as determined by the company, including through plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The timing of the repurchases and the actual amount repurchased will... More
CBRE Group, Inc. Reports Solid Financial Results for Third-Quarter 2016
October 27, 2016 6:46 AM EDT
Revenue of $3.2 billion, up 18% (20% local currency)
Fee
Revenue of $2.1 billion, up 9% (11% local currency)
GAAP EPS
of $0.31; Adjusted EPS of $0.50
LOS ANGELES--(BUSINESS WIRE)-- CBRE Group, Inc. (NYSE: CBG) today reported solid financial results for the third quarter ended September 30, 2016.
Third-Quarter 2016 Results*
Revenue for the third quarter totaled $3.2 billion, an increase of 18% (20% local currency1). Fee revenue2 increased 9% (11% local currency) to $2.1 billion. The third quarter of 2016 included approximately $429 million of additional revenue from the Global... More