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Colliers International Group Inc - CIGI STOCK NEWS

Welcome to our dedicated news page for Colliers International Group (Ticker: CIGI), a resource for investors and traders seeking the latest updates and insights on Colliers International Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Colliers International Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Colliers International Group's position in the market.

News
Colliers adds market leader in Philadelphia
Rhea-AI Summary
Colliers (CIGI) acquires Colliers Philadelphia to strengthen its presence in the U.S. Northeast and Mid-Atlantic regions. The undisclosed transaction aims to leverage Colliers' resources and enhance service capabilities in commercial real estate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.59%
Tags
none
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News
Colliers Announces Voting Results
Rhea-AI Summary
Colliers International Group Inc. announces the election of ten director nominees at the annual meeting of shareholders. Shareholders also approved the appointment of PricewaterhouseCoopers LLP as the auditor, an amendment to the stock option plan, and a non-binding advisory resolution on executive compensation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
Tags
none
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News
Colliers announces upcoming meeting and reporting dates
Rhea-AI Summary
Colliers International Group Inc. announces virtual Annual and Special Meeting of Shareholders on April 2, 2024, and the release of Q1 financial results on May 2, 2024. Shareholders can attend online, ask questions, and vote through a live webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.7%
Tags
none
News
Colliers International Group Inc. Completes US$300 Million Bought Deal Public Offering of Equity
Rhea-AI Summary
Colliers International Group Inc. successfully closed a bought deal public offering of 2,479,500 subordinate voting shares, generating gross proceeds of US$300.0 million. The offering was led by a syndicate of underwriters, including BMO Capital Markets and J.P. Morgan. The company granted the underwriters an option to purchase an additional 15% of the offering. The net proceeds will be used to repay credit facility balances, fund potential future acquisitions, and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.11%
Tags
offering
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News
Colliers International Group Inc. Announces US$300 Million Bought Deal Public Offering of Equity
Rhea-AI Summary
Colliers International Group Inc. (CIGI) announces a bought deal offering of 2,479,500 subordinate voting shares at US$121.00 per share, totaling approximately US$300 million. The underwriters have an option to purchase an additional 15% of the offering. The deal is led by BMO Capital Markets and J.P. Morgan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.94%
Tags
offering
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News
Colliers recognized among best professional services firms by IAOP
Rhea-AI Summary
Colliers (CIGI) has been named to the 2024 Global Outsourcing 100® list by IAOP for the 18th consecutive year. The company's deep industry knowledge, global footprint, and comprehensive services have led to exceptional results for clients. The accolade reaffirms Colliers' commitment to delivering innovative solutions in a challenging landscape.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.68%
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none
News
Colliers Reports Fourth Quarter Results
Rhea-AI Summary
Colliers International Group Inc. (CIGI) reported robust revenue growth in high-value recurring services for the fourth quarter and full year of 2023. Revenues for the fourth quarter were $1.24 billion, up 1% compared to the previous year, while adjusted EBITDA was $198.4 million, down 2%. For the full year, revenues were $4.34 billion, down 3%, and adjusted EBITDA was $595.0 million, down 6%. Adjusted EPS for the year was $5.35, a decrease from $6.99 in the prior year. The company attributes the revenue growth to its expansion into recurring revenue streams such as Investment Management and Engineering and Design, which now account for over 70% of its earnings. Colliers anticipates a return to higher transaction velocity in the latter half of 2024 as interest rates and credit conditions stabilize.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.56%
Tags
earnings
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News
Colliers' Sankey Prasad appointed Chairman and Managing Director for India & CDM for Colliers Project Leaders Middle East
Rhea-AI Summary
Colliers (CIGI) appoints Sankey Prasad as the Chairman and Managing Director for India and CMD for the Middle East Engineering business, expanding the company's reach in the real estate market in the Middle East. This move aims to deepen Colliers' capabilities, qualifications, and relationships in India and the Middle East, to better serve clients across the region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.52%
Tags
none
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News
Colliers to announce fourth quarter and full year results on February 8, 2024
Rhea-AI Summary
Colliers International Group Inc. (CIGI) will release its fourth quarter and full year results on February 8, 2024. The conference call to review the results will be hosted by Jay S. Hennick, Chairman & CEO, Chris McLernon, CEO, Real Estate Services, and Christian Mayer, CFO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.52%
Tags
none
News
Colliers joins the World Green Building Council’s Net Zero Carbon Buildings Commitment
Rhea-AI Summary
Colliers (NASDAQ and TSX: CIGI) signs World Green Building Council's Net Zero Carbon Buildings Commitment, targeting whole life carbon and 100% renewable energy use in own operations. The company aims to halve global building emissions by 2030 and achieve total decarbonization by 2050.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
Tags
none
Stock CIGI logo
Colliers International Group Inc

Nasdaq:CIGI

CIGI Rankings

#1163 Ranked by Market Cap
#2390 Ranked by Stock Gains
#2057 Ranked by Dividends

CIGI Stock Data

5.70B
40.67M
11.35%
73.08%
1.82%
Nonresidential Property Managers
Real Estate and Rental and Leasing
Link
Canada
Toronto

About CIGI

Colliers is a Canada-based diversified professional services and investment management company with approximately 18,000 employees in more than 400 offices in 65 countries.