CBRE raises FY outlook as profits rise on transactional recovery

CBRE Group (NYSE:CBRE) reported a sharp acceleration in growth for the first quarter of 2026, as a resurgence in property transactions and continued strength in its resilient outsourcing businesses drove revenue and earnings well above expectations.

The Dallas-based firm recorded total revenue of $10.5 billion, representing a 19% increase compared to the prior-year period.

The company’s bottom-line results showed even more significant momentum.

GAAP diluted earnings per share (EPS) surged 98% to $1.07, while Core EPS—a key metric excluding non-recurring items—grew 81% to $1.61.

The performance was bolstered by a 22% revenue increase in the company’s Transactional Businesses, signaling a definitive rebound in global capital markets and leasing activity.

Simultaneously, the Resilient Businesses segment, which includes property and facilities management, grew revenue by 18%, providing a steady foundation of recurring income.

Meanwhile, CBRE’s cash generation remained robust, with cash flow from operations reaching nearly $1.3 billion and free cash flow totaling approximately $1.7 billion on a trailing 12-month basis.

This liquidity position has allowed the firm to continue its disciplined capital allocation strategy, including strategic acquisitions and share repurchases.

In response to the strong start to the year, management raised its full-year 2026 Core EPS guidance.

The company now expects Core EPS to range between $7.60 and $7.80, up from the previous forecast of $7.30 to $7.60.