Cbre Group Stock Price, News & Analysis

CBRE Group, Inc. (NYSE:CBRE) announced the appointment of Susan Meaney to its Board of Directors. Meaney, who has extensive experience in real estate investments, previously served as Managing Director at Makena Capital Management and is a founding partner. She will also join the Board's Audit Committee and participate in the upcoming Annual Stockholder Meeting. Brandon Boze, Board Chair, expressed that Meaney's investment-operator mindset will add value to CBRE’s growth strategy in real estate investments. She holds degrees from Stanford University and Dartmouth.

The Board of Trustees of CBRE Global Real Estate Income Fund (NYSE: IGR) has announced that T. Ritson Ferguson has retired as President and CEO, effective January 1, 2022. Joseph P. Smith, previously the Chief Investment Officer, will succeed him while continuing as a Portfolio Manager. No changes to the investment philosophy or process at the Fund are expected. CBRE Investment Management, managing $141.9 billion in assets, remains committed to delivering sustainable investment solutions across various real asset categories.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) announced a monthly distribution of $0.1083 per share to shareholders recorded as of February 15, 2022. The distribution comprises:

• Net Investment Income: $0.1037 (96%)
• Net Realized Short-Term Capital Gains: $0.0044 (4%)
• Net Realized Long-Term Capital Gains: $0.0002 (0%)
• Return of Capital: $0

The Fund targets a sustainable monthly distribution per its managed distribution policy, although no guarantee is made about future distributions.

CBRE Group reported strong financial results for Q4 and FY 2021, with revenues reaching $8.55 billion and $27.75 billion, a 23.7% and 16.5% increase, respectively. GAAP EPS soared 120.1% to $2.04, while adjusted EPS rose 50.9% to $2.19. The company anticipates an average annual core adjusted EPS growth exceeding 20% from 2020 to 2025. Key drivers include a diversified business model and substantial growth in the Advisory Services segment, which saw revenues increase by 42.6%. Free cash flow also grew by 24% to $1.08 billion, reflecting robust operational performance.

CBRE Group, Inc. (NYSE:CBRE) ranks #11 among Barron’s 2022 list of the 100 Most Sustainable Companies in the U.S., marking its fifth consecutive year on the list. The analysis focuses on Environmental, Social & Governance (ESG) metrics, highlighting CBRE's commitment to sustainability. The company also achieved recognition in Bloomberg’s Gender Equality Index and the Human Rights Campaign’s Corporate Equality Index for promoting an inclusive workplace. CBRE continues to exceed the S&P 500 index in total returns, showcasing its strong performance.

The Board of Trustees of CBRE Global Real Estate Income Fund (NYSE: IGR) declared a monthly distribution of $0.05 per share for February 2022, maintaining an annualized distribution rate of 6.8% based on a market price of $8.76. The fund has declared two monthly distributions totaling $0.10 for the current fiscal year. Distribution sources include 64% net investment income, with a portion potentially classified as return of capital. Current performance shows a cumulative total return of -9.07% for January 2022, while the average annual total return over five years is 10.00%.

MainStay CBRE Global Infrastructure Megatrends Closed-End Fund (NYSE: MEGI) announced a monthly distribution of $0.1083 per share to shareholders as of January 14, 2022. This distribution is derived primarily from net investment income ($0.1033 or 96%) and net realized short-term capital gains ($0.0046 or 4%), with no contributions from long-term capital gains or return of capital. The Fund follows a managed distribution policy and aims to provide consistent monthly distributions based on its income and gains, with reviews conducted quarterly by its Board of Trustees.

The Board of Trustees of the CBRE Global Real Estate Income Fund (NYSE: IGR) has declared a monthly distribution of $0.05 per share for January 2022. The declaration date is January 10, 2022, with a pay date of January 31, 2022. The Fund's current annualized distribution rate stands at 6.4% based on a closing market price of $9.41 on January 6, 2022. The Fund will continually review its distribution policy based on net investment income and gains.