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| 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) |
| Website | http://www.cbre.com |
| 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”