Cbre Group Stock Price, News & Analysis

CBRE Group, Inc. (NYSE: CBRE) will announce its fourth quarter 2022 financial results on February 23, 2023, at 6:55 a.m. Eastern time. A conference call to discuss these results will follow at 8:30 a.m. the same day. Investors can access the call via the company's Investor Relations website, where a supplementary slide presentation will also be available. A replay of the call will be accessible starting at 1:00 p.m. on February 23, 2023, for one week, while the webcast replay will be available for 12 months.

Mint Eco Car Wash has acquired its tenth site in Palm Beach County, solidifying its position as the largest car wash operation in the area. CEO Geoffrey Jervis announced the achievement aligns with the company’s goal to establish 50 locations over the next decade. In 2022, Mint Eco received multiple accolades, including Best Car Wash in Palm Beach County and recognition from the Department of Defense. CBRE representatives continue to assist Mint Eco in expanding its footprint in South Florida.

The CBRE Global Real Estate Income Fund (NYSE: IGR) announced a monthly distribution of $0.06 per share for December 2022, with an annualized distribution rate of 11.7% based on a closing market price of $6.14. The fund's performance has shown a cumulative total return of -30.96% for FY 2022, along with a cumulative distribution rate of 9.61%. The estimated distribution source comprises 30% net investment income and 70% net realized long-term capital gains. Investors will receive a Form 1099-DIV for tax reporting of fund distributions.

CBRE (NYSE: CBRE) announced that CEO Bob Sulentic will participate in a fireside chat at the Goldman Sachs U.S. Financial Services Conference on December 6, 2022, at 3 pm Eastern time. The event will be accessible via a live audio webcast on the company's website, with a recording available within 24 hours and accessible for 90 days. CBRE Group, a leading commercial real estate services firm, has over 105,000 employees and serves clients in over 100 countries.

CBRE Global Real Estate Income Fund (NYSE: IGR) announced a monthly distribution of $0.06 per share for November 2022. The declaration date is November 10, 2022, with an ex-dividend date of November 18 and payable date on November 30. The annualized distribution rate stands at 12.4% based on a closing price of $5.80 on November 8. For the fiscal year to date, the Fund has declared total distributions of $0.64 per share. The estimated allocation for the current month includes 30% from net investment income and 70% from net realized long-term capital gains.

CBRE Group (NYSE:CBRE) has acquired Full Spectrum Group for $110 million. This strategic acquisition enhances CBRE's technical capabilities in providing maintenance and repair services for critical laboratory assets across the U.S. Full Spectrum, based in Laguna Hills, California, has over 150 employees, including 100 engineers, and specializes in a range of technical support services for high-end laboratory systems. The integration of Full Spectrum into CBRE's Global Workplace Solutions is aimed at delivering efficient, reliable services to its clients in the life sciences sector.