Recent Updates — CBRE
CBRE Group, Inc. entered into an underwriting agreement for the issuance and sale of $500 million in 5.650% Senior Notes due 2032 and $500 million in 5.900% Senior Notes due 2037. The closing is expected on November 5, 2026. Net proceeds will support general corporate purposes, including repayment of commercial paper borrowings and funding the acquisition of Onnec Group Limited. CBRE Group operates as a leading commercial real estate services and investment firm.
CBRE Group reported third-quarter 2026 financial results with revenue increasing 13% to $11.5 billion, driven by double-digit growth in both resilient and transactional business lines. Infrastructure services revenue surged 50% on a trailing twelve-month basis, while core earnings per share rose 28% to $2.05. The company generated $1.4 billion in operating cash flow and $1.8 billion in free cash flow over the same period. Year-to-date, CBRE repurchased nearly $1.2 billion of shares, maintaining a net leverage ratio of 1.36x. CBRE Group is the world’s largest commercial real estate services and investment firm.
CBRE Group, Inc. announced a definitive agreement to acquire Onnec Group Limited, a leading provider of data center infrastructure services in Europe and Asia Pacific. The initial purchase price is £460 million (approximately $610 million) in cash, with an additional multi-year earnout of up to £300 million (approximately $400 million) contingent on Onnec meeting specific growth thresholds. Onnec will operate within CBRE’s Critical Infrastructure Services line and is expected to be immediately accretive to core earnings per share. The transaction is subject to customary regulatory approvals and is expected to close around the end of 2026. CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm.
CBRE Group, Inc. reported financial results for the second quarter ended June 30, 2026, with revenue increasing 16% to $11.2 billion and Core EPS rising 30% to $1.56. The company raised its full-year 2026 core earnings per share outlook to a range of $7.80 to $7.90 from the previous guidance of $7.60 to $7.80, reflecting anticipated 23% growth at the midpoint. Second-quarter GAAP net income was reported at $204 million, or $0.69 per share, which included a $168 million non-cash charge for fire-safety remediation reserves in the U.K.; excluding this item, GAAP EPS would have increased 57%. The firm generated nearly $1.4 billion in operating cash flow and reported a net leverage ratio of 1.60x as of quarter-end. CBRE Group operates in the commercial real estate services and investment industry.
CBRE Group, Inc. entered into a new 364-day senior unsecured revolving credit agreement with Wells Fargo Bank, National Association, providing an aggregate principal amount of up to $1 billion in commitments. The agreement replaces a previous facility, and loans will bear interest at a rate based on Term SOFR plus a margin of 0.645% to 1.125% or a base rate spread of 0% to 0.10%. The facility matures on June 22, 2027. CBRE Group, Inc. operates in the commercial real estate services industry.