CBRE Group, Inc. – Company Information

CBRE logo
Company CBRE Group, Inc.
Headquarters 400 South Hope Street, 25th Floor, Los Angeles, CA 90071, USA
CEO and President Robert E. Sulentic
CFO James R. Groch
Industry Real Estate
Founded 1906 (as Tucker, Lynch & Coldwell)
Type Public
NYSE stock symbol CBG
Revenue $9.049 billion (2014)
Net income $484.503 million (2014)
Earnings per share $1.45 USD (2014)
Employees 52,000 (2014)
Investor relations contact number: 212-984-6535
Investor relations email: [email protected]

CBRE Group, Inc. is an American real estate services and investment firm headquartered in Los Angeles, California.

The company has operations in major metropolitan areas throughout the world, with a total of approximately 350 offices and a team of around 44,000 employees.

It is publicly listed on the New York Stock Exchange under the stock ticker symbol ‘CBG’.

The history of the company traces back to a company called Tucker, Lynch & Coldwell, which was founded in San Francisco following the 1906 earthquake. The company changed its name to Coldwell, Banker & Company in 1940.

CBRE went public in 2004 and is now the largest global commercial real estate services company in the US.

It now has a range of business operations, including: commercial property and corporate facilities management, tenant/occupier and property/agency leasing, property sales, real estate investment management, valuation, commercial mortgage origination and servicing, capital markets (structured finance and debt) solutions, development services and proprietary research.

The group offers its real estate services under the “CBRE” brand name, development services under the “Trammell Crow” brand name, and investment management services under the “CBRE Global Investors” brand name.

Most of CBRE’s revenue comes from management fees on a contractual and per-project basis, in addition to commissions from transactions.

Income data (in $ thousands) 2014* 2013*
Revenue $9,049,918 $7,184,794
Total costs and expenses $8,315,323 $6,582,218
Operating income $792,254 $616,128
Income from continuing operations before provision for income taxes $777,262 $508,985
Provision for income taxes $263,759 $187,187
Income from continuing operations $513,503 $321,798
Income from discontinued operations, net of income taxes $      – $26,997
Net income $513,503 $348,795
Net income (loss) attributable to non-controlling interests $29,000 $32,257
Net income attributable to CBRE Group, Inc $484,503 $316,538
Balance sheet data (in $ thousands)
Total assets $7,647,105 $6,998,414
Total liabilities $5,345,707 $5,062,408
Total CBRE Group, Inc stockholders’ equity $2,259,830 $1,895,785
Common share data (in $)
Earnings per Common Share – Basic $1.47 $0.96
Earnings per Common Share – Diluted $1.45 $0.95
Cash flow data (in $ thousands)
Net cash provided by operating activities $661,780 $745,108
Net cash used in investing activities $(151,556) $(464,994)
Net cash used in financing activities $(232,069) $(866,281)
Cash and cash equivalents balance at beginning of year $491,912 $1,089,297
Cash and cash equivalents balance at end of year $740,884 $491,912

*Years Ended December 31
Source: “CBRE Group, Inc. Form 10-K 2014”