Form 10-Q · Quarterly report
CBRE Group 10-Q, filed Jul 29, 2026
- Filed
- CIK
- 0001138118
- Accession no.
- 0001138118-26-000024
Summary
CBRE Group reported second-quarter 2026 revenue of $11.2 billion, up 15.5% from a year earlier, with net income attributable to the company of $204 million versus $215 million, as double-digit growth in advisory services, building operations and project management was partly offset by a decline in its real estate investments segment. The company recorded a higher provision for fire safety remediation of buildings historically developed by its Telford Homes subsidiary and said the impact of OECD Pillar Two top-up taxes is expected to be insignificant for 2026.
Key points
- Total revenue rose 15.5% to $11.2 billion in the quarter and 17.0% to $21.8 billion for the six months ended June 30, 2026.
- Net income attributable to CBRE Group was $204 million for the quarter versus $215 million a year earlier; six-month net income was $522 million versus $378 million.
- Operating, administrative and other expenses rose 21.4% over the six months, primarily on an increased provision for fire safety remediation of buildings historically developed by subsidiary Telford Homes.
- A $306 million gain on disposition of real estate in the six months was driven by monetization of real estate development assets in the REI segment.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2.Management’s Discussion Results of Operations The following table sets forth items derived from our consolidated statements of operations for the three and six months ended June 30, 2026 and 2025 (dollars in millions): Three Months Ended June 30, (1) Six Months Ended June 30, (1) 2026 2025 2026 2025 Revenue: Facilities management $5,311 47.3% $4,784 49.2% $10,540 48.5% $9,253 49.8% Property management 699 6.2% 646 6.6% 1,383 6.4% 1,232 6.6% Critical infrastructure 676 6.0% 403 4.1% 1,254 5.8% 741 4.0% Project management 2,045 18.2% 1,717 17.7% 3,883 17.9% 3,311 17.8% Advisory leasing 1,229 10.9% 995 10.2% 2,264 10.4% 1,857 10.0% Valuation 220 2.0% 196 2.0% 420 1.9% 379 2.0% Loan…
An excerpt of the text as filed with the SEC, cut for length.
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