CBRE Group (CBRE) Tops Q1 EPS by 3c

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Go back to CBRE Group (CBRE) Tops Q1 EPS by 3c

CBRE Group, Inc. Reports Financial Results for First-Quarter 2020

May 7, 2020 6:55 AM EDT

LOS ANGELES--(BUSINESS WIRE)-- CBRE Group, Inc. (NYSE: CBRE) today reported financial results for the first quarter ended March 31, 2020.

We had a strong start to the year before the impact of Covid-19 emerged in late March, said Bob Sulentic, CBREs president & chief executive officer. Our results were driven by strong performance in the Advisory Services segment, particularly property sales in continental Europe and Japan. A modest decrease in adjusted EBITDA and adjusted earnings per share for the business as a whole was driven by our Real Estate Investments segment, where we experienced a $27... More