A global giant of commercial real estate, CBRE advises on leasing, manages buildings and investments, and runs construction projects worldwide, serving nearly all of America's biggest companies. Its name came from a 1998 merger of San Francisco's Coldwell Banker with London's Richard Ellis, a firm with roots back to 1773. That American branch began in 1906, when Colbert Coldwell opened shop amid the rubble of the San Francisco earthquake.
CBRE reports Q2 2026 results: Core EPS $1.56, revenue up 16% to $11.2B
Core EBITDA rose 33.5% to $836 million, and free cash flow was nearly $1.7 billion on a trailing 12-month basis.
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GAAP EPS was $0.69 and Core EPS was $1.56 for Q2 2026, with revenue up 16% to $11.2 billion.
The company raised its 2026 Core EPS outlook to $7.80-$7.90 from $7.60-$7.80, reflecting 23% growth at the midpoint.
All four segments (Advisory, Building Operations & Experience, Project Management, Real Estate Investments) grew Segment Operating Profit by more than 25%.
GAAP net income was reduced by $168 million due to a non-cash charge for increased fire-safety remediation reserve in the U.K. development business.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
On June 23, 2026, CBRE Group, Inc. and CBRE Services, Inc. entered into a new 364-day senior unsecured Revolving Credit Agreement with lenders and Wells Fargo as administrative agent.
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The facility provides commitments of up to $1 billion, replacing the previous 364-day credit agreement dated June 24, 2025, which was set to terminate on June 23, 2026.
Loans under the facility bear interest at Term SOFR plus 0.645% to 1.125% or a base rate plus 0% to 0.10%, depending on CBRE's credit rating, with a facility fee of 0.055% to 0.125%.
The facility matures on June 22, 2027, with no required prepayments except for excess amounts above the commitment, and voluntary prepayments are allowed without premium or penalty.
Obligations are guaranteed by CBRE Group, CBRE Services (for certain subsidiary cash management and hedging obligations), and any U.S. wholly-owned subsidiaries that guarantee other material indebtedness; currently no such subsidiaries guarantee the facility.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
8-K
CBRE Group posts investor presentation on its IR website on June 15, 2026.
CBRE Group, Inc. filed a Form 8-K on June 15, 2026, under Item 7.01 Regulation FD Disclosure.
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The company posted an investor presentation on its Investor Relations website at https://ir.cbre.com/.
The presentation was furnished, not filed, under Section 18 of the Exchange Act and is not incorporated by reference into other filings.
The report was signed by CFO and Chief Investment Officer Emma E. Giamartino.
CBRE Group holds 2026 annual meeting; all 10 directors elected and KPMG ratified as auditor.
All 10 director nominees were elected to serve until the 2027 annual meeting; each received over 236 million votes in favor, with 9,456,979 broker non-votes per director.
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CBRE Group, Inc. held its annual meeting of stockholders on May 21, 2026.
The ratification of KPMG LLP as independent registered public accounting firm for 2026 was approved with 255,196,778 votes for, 7,357,550 against, and 227,451 abstentions.
The advisory say-on-pay proposal for named executive officer compensation for fiscal year 2025 was approved with 230,735,191 votes for, 21,828,542 against, and 761,067 abstentions.
A stockholder proposal to allow stockholders to call special meetings was rejected, with 85,999,804 votes for, 166,814,496 against, and 510,500 abstentions.
5.07 Submission of Matters to a Vote of Security Holders
CBRE completes $750M offering of 5.250% Senior Notes due 2036
The Notes are fully and unconditionally guaranteed by CBRE Group, Inc. and are senior unsecured obligations of CBRE Services.
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On May 4, 2026, CBRE Services, Inc., a wholly-owned subsidiary of CBRE Group, Inc., completed a $750,000,000 offering of 5.250% Senior Notes due 2036.
The Notes mature on June 1, 2036, with interest payable semi-annually on June 1 and December 1, beginning December 1, 2026.
Net proceeds from the offering are intended to repay borrowings under CBRE's commercial paper program.
The offering was made under an underwriting agreement dated April 27, 2026, with Wells Fargo Securities, BofA Securities, Citigroup Global Markets, and Scotia Capital as underwriters.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
CBRE Group, Inc. enters underwriting agreement for $750M 5.250% Senior Notes due 2036
On April 27, 2026, CBRE Group, Inc. and CBRE Services, Inc. entered into an underwriting agreement with Wells Fargo Securities, LLC, BofA Securities, Inc., Citigroup Global Markets Inc., and Scotia Capital (USA) Inc. for the sale of $750,000,000 aggregate principal amount of 5.250% Senior Notes due 2036.
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The Notes are offered under CBRE's existing Form S-3 registration statement (File No. 333-276141) and a prospectus supplement dated April 27, 2026.
The closing of the sale is expected to occur on May 4, 2026, subject to customary closing conditions.
Net proceeds from the offering are intended to be used to repay borrowings under CBRE's commercial paper program.
The underwriters and their affiliates have provided and may continue to provide commercial banking, financial advisory, investment banking, and other services to CBRE in the ordinary course of business.
1.01 Entry into a Material Definitive Agreement · 9.01 Financial Statements and Exhibits
CBRE recasts historical financials for 2026 reporting changes, including new Critical Infrastructure business line.
CBRE Group, Inc. filed an 8-K on March 24, 2026, to disclose recast historical financial information reflecting reporting changes effective January 1, 2026.
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The company reclassified MSR amortization to net against MSR gains and will exclude the net impact of MSRs from non-GAAP measures.
Data center project work integrated with Data Center Services facilities management was transferred from the Project Management segment to the Building Operations & Experience segment.
A new Critical Infrastructure Services business line was established, encompassing data center technical services and Pearce Services operations, which generated approximately $1.7 billion of revenue in 2025.
The recast financial information, including revenue by business line and segment operating profit, was posted on the investor relations website on March 24, 2026, with no impact on consolidated net income.