Cbre Group Stock Price, News & Analysis

The CBRE Global Real Estate Income Fund (NYSE: IGR) has declared a monthly distribution of $0.06 per share for March 2023. The declaration date was March 9, 2023, with the ex-dividend date on March 17, 2023 and payable date on March 31, 2023. The Fund’s current annualized distribution rate is 10.8% based on the March 7 closing price of $6.69. Total distributions for the fiscal year to date are $0.18 per share. The Fund's distribution policy is subject to change and is reviewed quarterly based on net investment income and realized gains.

For more details, a webinar on the Fund’s performance and market outlook is scheduled for March 15, 2023.

CBRE has secured the top position in global commercial real estate investment sales for the 12th consecutive year, according to MSCI Real Assets.

With a remarkable 23.4% market share in 2022, CBRE outperformed its closest competitor by 740 basis points. It led the rankings across the Americas (22.2%), Asia Pacific (33.9%), and Europe, Middle East & Africa (21.8%).

CBRE also topped the global charts in five major asset classes: office (25.8%), industrial (31.3%), retail (23.5%), multifamily (17.8%), and hotels (20.0%).

CBRE Group, Inc. (NYSE:CBRE) has achieved a remarkable rise to #4 on Barron’s list of the 100 most sustainable U.S.-based companies for 2023, up from #11 last year. This recognition reflects CBRE's commitment to sustainability, as evaluated by over 230 Environmental, Social & Governance (ESG) metrics. CBRE is included in the prestigious list for the sixth consecutive year. The accolade follows the company's inclusion in the Dow Jones Sustainability World Index and the Bloomberg Gender Equality Index, highlighting its efforts towards creating an inclusive workplace. CBRE operates as the world's largest commercial real estate services and investment firm.

The CBRE Global Real Estate Income Fund (NYSE: IGR) announced a webinar on March 15, 2023, at 2:00 p.m. EDT, featuring updates from the portfolio management team. Key topics will include the Fund's market outlook and details on a transferable rights offering. Investors can register for the webinar through the Fund's website. As an actively managed closed-end fund, IGR primarily invests at least 80% of its assets in income-producing global real estate equity securities, aiming for high current income and capital appreciation. Investors are reminded to review the Fund's prospectus for full investment details and risks.

The Board of Trustees of the CBRE Global Real Estate Income Fund (NYSE: IGR) has announced a rights offering for holders of its common shares as of March 9, 2023. The initiative allows shareholders to subscribe for additional common shares at a discount to market price. Factors influencing this decision include attractive valuations in global real estate stocks and anticipated growth opportunities. The offering aims to enhance total return and lower the Fund's expenses by increasing its asset base. The offer will be available from March 9, 2023, to April 6, 2023. Shareholders will also receive regular monthly distributions in the upcoming months.

CBRE Group reported financial results for FY 2022, with GAAP EPS falling 21% to $4.29, while Core EPS rose 7% to $5.69. Q4 revenue decreased 4.2% to $8,194 million, and net revenue fell 10.6% to $4,975 million. Net income plummeted 88.3% in Q4, indicating significant challenges, particularly in the Advisory Services and Capital Markets segments. Despite these setbacks, CBRE anticipates a low to mid-double-digit decline in Core EPS for 2023 but expects growth afterward. Free cash flow for Q4 was $715 million, alongside successful stock repurchases totaling 22.9 million shares for $1.9 billion throughout 2022.