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CBRE has raised its full-year profit forecast after posting strong third-quarter results driven by increased leasing and facilities management demand. Net income for the quarter rose to USD 363 million, with total revenue up 13.5% to USD 10.26 billion. Core earnings per share for 2025 are now projected at USD 6.25-6.35. Analysts highlight that more companies returning to offices and an expected Federal Reserve rate cut could further boost commercial real estate activity, benefiting property leasing, sales, and related services. CBRE's results indicate resilience and continued growth in the sector.
Real estate services firm CBRE has increased its full-year profit forecast, reflecting strong demand in leasing and facilities management. Following the announcement, shares of the Dallas-based company rose 2.6% in premarket trading. Advertisement
Leasing activity in the U.S. has picked up as more companies return to offices and expand workspace, benefiting firms like CBRE. The anticipated interest rate cut by the Federal Reserve could further support commercial real estate activity, including leasing and property sales, which are key drivers for sector growth.
CBRE now expects core earnings per share for 2025 to reach USD 6.25-6.35, up from the previous forecast of USD 6.10-6.20. Revenue from the building operations and experience segment grew 12.6% to USD 5.79 billion during the quarter.
In the third quarter, CBRE reported a net income of USD 363 million, or USD 1.21 per share, compared with USD 225 million, or 73 cents per share, a year earlier. Total revenue rose 13.5% to USD 10.26 billion from USD 9.04 billion in the same period last year. The growth was driven by higher demand for workplace solutions, facilities management, and advisory services across multiple regions.
The company's performance shows the continuing recovery in commercial real estate as businesses expand their physical presence and invest in office infrastructure. Analysts see CBRE's revised forecast as a reflection of confidence in sustained demand and the company's ability to capitalize on market opportunities.
Source Reuters
5th Jun, 2025
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