Cbre Group Stock Price, News & Analysis

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) has announced monthly distributions of $0.1250 per common share for March, April, and May 2025. The Fund's current annualized distribution rates are:

• 11.75% based on closing price of $12.77 (March 12, 2025)
• 10.45% based on NAV of $14.35 (March 12, 2025)

The Fund's Board of Trustees reviews distributions quarterly, aiming to distribute amounts approximating net investment income and realized capital gains. The Fund indicates it has distributed more than its income and net realized capital gains, suggesting a portion of distributions may be return of capital. This could affect shareholders' tax basis and future tax consequences.

CBRE Group (NYSE: CBRE) has announced that Chair & CEO Bob Sulentic will participate in a fireside chat at the Morgan Stanley Commercial Real Estate Conference on Wednesday, February 19, 2025, at 1 pm Eastern time. The presentation will be accessible via live audio webcast through CBRE's Investor Relations website section, with a replay available for 90 days following the event.

As the world's largest commercial real estate services and investment firm based on 2024 revenue, CBRE is a Fortune 500 and S&P 500 company headquartered in Dallas. The company employs over 140,000 people, including Turner & Townsend employees, serving clients across more than 100 countries with comprehensive services including facilities management, property management, investment management, and strategic consulting.

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) has declared its monthly distribution of $0.1250 per common share for February 2025. The Fund's current annualized distribution rate is 12.00% based on the $12.50 closing price and 10.81% based on the $13.88 NAV as of February 11, 2025.

The distribution sources for the fiscal year to date include: 53% from net investment income, 18% from net realized short-term capital gains, 7% from net realized long-term capital gains, and 22% from return of capital. The Fund's performance metrics show an average annual total return of -3.02% since inception (10/27/2021) and a cumulative total return of -1.22% for the current fiscal period.

CBRE Group reported strong Q4 and full-year 2024 financial results, with Q4 GAAP EPS of $1.58 and Core EPS of $2.32. Full-year 2024 showed GAAP EPS of $3.14 and Core EPS of $5.10. Revenue increased 16% in Q4 and 12% for 2024, while net revenue grew 18% in Q4 and 14% for the year.

The company generated $1.7 billion in net cash flow from operations and $1.5 billion in free cash flow for 2024. CBRE repurchased over $800 million worth of shares since Q3 2024 end. The company expects 2025 Core EPS of $5.80 to $6.10, reflecting mid-teens growth at the midpoint.

Notable strategic developments include integrating project management capabilities into Turner & Townsend and acquiring full ownership of Industrious. The company will establish new business segments: Building Operations & Experience and Project Management.

Gateway Fiber and WANRack have announced a strategic merger to create a national FTTX platform serving 25 US states. Gateway Fiber, founded in 2019, provides FTTP services across Missouri, Massachusetts, and Minnesota, while WANRack, established in 2013, serves school districts and libraries through its E-Rate program and operates in eastern Kansas via its KWIKOM subsidiary.

The merger aims to achieve greater scale, improved operations, and growth opportunities. The combined entity will expand product offerings for small and medium businesses while addressing commercial and wholesale internet needs. CBRE Investment Management is the majority owner of both companies. The transaction is expected to close in H1 2025, pending regulatory approvals.

The new executive team combines leaders from both organizations, with Chris Surdo serving as CEO. Currently, over 50% of US households lack fiber internet access, presenting a significant growth opportunity for the merged company.

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) has declared its monthly distribution of $0.1250 per common share for January 2025. The Fund's current annualized distribution rate is 12.31% based on the closing price of $12.19 and 11.07% based on NAV of $13.55 as of January 10, 2025.

The distribution sources for the fiscal year to date include: 60% from net investment income, 20% from net realized short-term capital gains, 8% from net realized long-term capital gains, and 12% from return of capital. The Fund's average annual total return since inception (10/27/2021) through 12/31/2024 is -2.56%, with a cumulative total return of 0.51% for the current fiscal period.

CBRE Group has announced a definitive agreement to acquire Industrious National Management Company, a flexible workplace solutions provider, and create a new business segment called Building Operations & Experience (BOE). CBRE will acquire the remaining equity stake for approximately $400 million, reflecting an enterprise valuation of about $800 million. The company already holds a 40% equity interest and a $100 million convertible note in Industrious.

The new BOE segment, which will generate approximately $20 billion in combined revenue in 2024, will be led by Industrious CEO Jamie Hodari. Since 2021, Industrious has shown impressive growth with revenue increasing at a compound annual rate of over 50%, expanding to more than 200 units across 65+ cities. The transaction is expected to close this month and be immediately accretive to 2025 core EBITDA and free cash flow.

CBRE Global Real Estate Income Fund (NYSE: IGR) has declared monthly distributions of $0.06 per share for January, February, and March 2025, totaling $0.18 per share. The Fund's current annualized distribution rate is 14.6% based on the closing market price of $4.92 and 14.5% based on NAV of $4.98 as of January 8, 2025.

The Fund's distribution sources for the period from January to March 2025 are estimated as: 13% from net investment income, 1% from net realized short-term capital gains, 3% from net realized long-term capital gains, and 83% from return of capital. The Fund's cumulative total return for 2024 was -6.50%, with an average annual total return of 1.52% for the five-year period from 2020 to 2024.

The portfolio management team will host an online webinar on February 11, 2025, at 4:00 p.m. ET to provide updates on the portfolio, market conditions, and outlook.

CBRE Group (NYSE: CBRE) has announced its upcoming fourth quarter and full-year 2024 financial results release, scheduled for February 13, 2025, at approximately 6:55 a.m. Eastern time. The company will host a conference call at 8:30 a.m. Eastern time on the same day to discuss the results.

The event will be accessible through a live webcast on CBRE's Investor Relations website, featuring a supplemental slide presentation. A telephone replay will be available for one week following the event, while the webcast replay will remain accessible for 12 months.

CBRE, headquartered in Dallas, is the world's largest commercial real estate services and investment firm based on 2023 revenue. The company employs over 130,000 people across more than 100 countries, offering integrated services including facilities management, property management, investment management, and development services.