Cbre Group Stock Price, News & Analysis

CBRE Group, Inc. (NYSE:CBRE) reported robust Q2 2022 results, with net income rising by 10% to $487 million and GAAP EPS up 13% to $1.48. Core earnings surged 33%, resulting in a record Core EPS of $1.83, reflecting strong performance across all business segments despite currency challenges. Revenue reached $7.77 billion, marking a 20.3% year-over-year increase. The company’s free cash flow stood at $400 million, and it repurchased 7.5 million shares for approximately $611 million. CBRE’s diversified operations continued to drive growth amid a supportive economic environment.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) has announced a monthly distribution of $0.1083 per common share for July 2022, reflecting a 6.5% annualized distribution rate based on the $20.00 IPO price. The ex-dividend date is set for July 22, 2022, with a record date of July 25, 2022, and payable date on July 29, 2022. The distribution is primarily sourced from net investment income, accounting for 91% of the distribution. The Fund has a negative total return of -4.77% since inception, indicating performance challenges.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) will hold a conference call on July 20, 2022, at 4:00 PM ET to discuss portfolio updates and the outlook for the year. Questions for the management team can be submitted by July 18, 2022, at 8:00 PM ET. The Fund also aims to distribute its net investment income to shareholders, but there is no guarantee of regular distributions. Investors are advised to consider inherent risks before investing, including market and operational risks. More details can be found on New York Life Investments website.

The CBRE Global Real Estate Income Fund (NYSE: IGR) announced a monthly distribution of $0.06 per share for July 2022, maintaining a 10.0% annualized distribution rate based on the closing market price of $7.23 on July 5, 2022. The fund has declared total distributions of $0.40 per share year-to-date. The estimated sources for the current distribution include 30% from net investment income and 70% from net realized long-term capital gains. Future distributions may vary based on net investment income and gains, with a quarterly review by the Board of Trustees.

IndexIQ has announced that starting September 1, 2022, the IQ U.S. Real Estate Small Cap ETF (ticker: ROOF) will be renamed to the IQ CBRE NextGen Real Estate ETF. The fund will also shift to track the new IQ CBRE NextGen Real Estate Index. In conjunction with these changes, the management fee will decrease from 0.69% to 0.60%.

The new index aims to provide exposure to U.S. companies benefiting from major economic trends, including Digital Transformation, eCommerce Revolution, and Generational Change.

CBRE Group, Inc. (NYSE: CBRE) will release its Q2 2022 financial results on August 4, 2022, at approximately 6:55 a.m. ET. A conference call will follow at 8:30 a.m. ET. The call will be accessible via CBRE's website, along with a slide presentation. The teleseminar details include a U.S. dial-in at 877.407.8037 and international at 201.689.8037. A replay will be available for one week, with a webcast replay for 12 months.

MainStay CBRE Global Infrastructure Megatrends Closed-End Fund (NYSE: MEGI) has declared a monthly distribution of $0.1083 per share, set for payment on June 15, 2022. The distribution sources include 93% from net investment income and 6% from net realized short-term capital gains, with minimal contributions from long-term gains or return of capital. Cumulative distributions for the fiscal year amount to $0.6498. The Fund's managed distribution policy aims to provide consistent distributions; however, future distributions are not guaranteed.

The CBRE Global Real Estate Income Fund (NYSE: IGR) announced a monthly distribution of $0.06 per share for June 2022, with an annualized distribution rate of 9.3% based on a closing market price of $7.75. The Ex-Dividend Date is June 17, and the Payable Date is June 30. The fund's cumulative total return for 2022 so far is -17.33%, while the average annual total return over the past five years is 8.21%. Estimated allocations for the current month include 30% from net investment income and 70% from long-term capital gains.

CBRE Group announces its 2021 Corporate Responsibility Report, showcasing its leadership in environmental, social, and governance (ESG) initiatives. Key highlights include a commitment to achieve net-zero carbon emissions by 2040, registration of 5,941 buildings in the ENERGY STAR program, and $20.2 million in global charitable donations. Additionally, the report outlines the completion of 3,235 energy efficiency projects and $2 billion in financing for sustainable projects. The report aligns with the UN Sustainable Development Goals and emphasizes the company’s role in creating positive impacts for stakeholders.