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Colliers International Group Inc. - CIGI STOCK NEWS

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

Colliers International Group Inc. (CIGI) is a diversified professional services and investment management company headquartered in Canada. With a global presence in more than 400 offices across 65 countries, Colliers employs approximately 18,000 individuals dedicated to delivering comprehensive real estate services and investment management to corporate and institutional clients.

The company's primary service lines include Outsourcing & Advisory, Investment Management, Leasing, and Capital Markets. Colliers operates through four distinct segments: Americas; Europe, Middle East, and Africa (EMEA); Asia and Australasia; and Investment Management. This operational structure allows Colliers to leverage regional expertise while maintaining a cohesive global strategy.

Recent achievements highlight Colliers' commitment to growth and market leadership. Notably, Sankey Prasad has expanded his leadership role to become Chairman and Managing Director for both India and the Middle East, further strengthening Colliers' presence in these key regions. Under Prasad's leadership, Colliers has diversified into new markets, developed cutting-edge technologies, and achieved significant year-over-year growth.

Financially, Colliers has demonstrated robust revenue growth, particularly in high-value recurring services. The company's annual revenues are approximately $4.3 billion, with $98 billion of assets under management. This financial strength supports Colliers' mission to maximize the potential of property and real assets, accelerating the success of clients, investors, and employees alike.

Colliers is also active in strategic acquisitions to bolster its capabilities and market reach. For example, the acquisition of key U.S. Northeast and Mid-Atlantic regions has enhanced Colliers' service offerings and client relationships in these areas.

Colliers' core values are reflected in its commitment to providing expert real estate and investment advice through a client-focused approach. The company continues to evolve in response to market trends, delivering innovative solutions that meet the diverse needs of clients worldwide.

With a strong leadership team and a clear vision for the future, Colliers remains a formidable player in the global real estate and investment management industry, consistently delivering value and driving growth for its stakeholders.

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Colliers International Group (TSX & NASDAQ: CIGI) announced its Q2 2024 results will be released on August 1, 2024, at 7:00am ET. A conference call to discuss the results will occur the same day at 11:00am ET, hosted by key executives including Global Chairman & CEO Jay S. Hennick. The call can be accessed via phone or webcast, with rebroadcasts available for 30 days following the event. Details for participation and access are provided on their corporate website.

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Colliers has partnered with SPGI Zurich AG to strengthen its footprint in Europe. Effective July 10, 2024, this alliance with the Swiss commercial property advisor aims to expand Colliers' EMEA platform. SPGI Zurich, a member of the Intercity Group, has a team of over 25 professionals and offers a comprehensive range of real estate services. The partnership will enhance services for investors and occupiers in Switzerland, covering Zurich, Basel, Lausanne, and Geneva. Notable team members include Robert Hauri, Dr. Martin Greiner, Natalia Ignatova, and Gabriela Brandenberg. This strategic move aligns with Colliers' core values and is expected to increase market share and service capabilities for both companies.

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Diamondhead Casino (DHCC) has retained Colliers to assist in marketing and financing its Diamondhead, Mississippi property or to sell it partially or entirely. The 400-acre site, situated along Interstate 10 and the Bay of St. Louis, has high visibility, with over 18 million vehicles passing annually. It is zoned for a casino resort, and the Mississippi Gaming Commission has approved a 50-acre gaming site on the property. Colliers aims to attract potential buyers for this prime gaming location. Additionally, DHCC's subsidiary, Mississippi Gaming , settled an eminent domain dispute with Cooperative Energy for $1 million, receiving $845,378 to date.

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Leading diversified professional services and investment management company Colliers (NASDAQ and TSX: CIGI) announced that Tony Horrell, the CEO of the UK and Ireland, will retire in 2025. Tony has had a 42-year career in real estate and joined Colliers in 2010. Under his leadership, the UK and Ireland business expanded significantly, growing to over 1,000 employees and diversifying across transactional and advisory services. Colliers has begun the search for a new CEO, and Tony will remain in his position until a successor is appointed. Tony expressed pride in the company's achievements and looks forward to assisting in the transition and maintaining strategic client relationships in 2025.

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Colliers (NASDAQ and TSX: CIGI) released its fourth annual Global Sustainability Report, highlighting significant 2023 achievements. Key points include a 24.8% reduction in Scope 1 and 2 emissions per square foot from a 2021 baseline, validation of emissions targets by the Science Based Targets initiative, and an increase in women in management roles to 33.5%. The report also notes that 35% of Colliers offices larger than 2,500 sq. ft. achieved a WELL Health-Safety rating, a significant rise from 10% in 2022. Additionally, the company tripled its electric vehicle fleet and contributed 5,819 volunteer days. Colliers emphasizes that these efforts, amidst economic and geopolitical uncertainty, will accelerate success and create value for stakeholders.

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Colliers (NASDAQ, TSX: CIGI) announced its acquisition of Englobe , a Canadian engineering firm, for approximately $475 million. Englobe, based in Laval, Québec, has 2,800 professionals providing civil, geotechnical, and environmental engineering services. In 2023, Englobe generated $340 million in revenue. The acquisition aims to expand Colliers' presence in Canada's engineering market. The transaction, excluding Englobe's operations in the UK, France, and Canada, will be finalized in Q3 2024. Englobe will rebrand as Colliers in 2025, with its senior leadership staying on board.

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Colliers International Group (TSX and NASDAQ: CIGI) has declared a semi-annual cash dividend of US$0.15 per Common Share, including both Subordinate Voting Shares and Multiple Voting Shares. This announcement aligns with Colliers' dividend policy.

The dividend is payable on July 12, 2024, to shareholders on record as of June 28, 2024. Additionally, the dividend is categorized as an 'eligible dividend' for Canadian income tax purposes.

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Colliers International Group Inc. (NASDAQ and TSX: CIGI) reported positive first-quarter results for 2024, with revenues of $1.0 billion, a 4% increase year-over-year. Adjusted EBITDA was $108.7 million, up 4%, and Adjusted EPS was $0.77. GAAP operating earnings improved to $43.3 million, with diluted net earnings per share at $0.26. The company remains focused on expanding recurring service lines and strategic acquisitions to benefit shareholders.

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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.
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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.
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FAQ

What services does Colliers International Group Inc. provide?

Colliers provides services in Outsourcing & Advisory, Investment Management, Leasing, and Capital Markets to corporate and institutional clients.

Where is Colliers International Group Inc. headquartered?

Colliers is headquartered in Canada.

How many employees does Colliers have?

Colliers employs approximately 18,000 individuals globally.

In how many countries does Colliers operate?

Colliers operates in over 65 countries with more than 400 offices.

What recent leadership changes have occurred at Colliers?

Sankey Prasad has expanded his role to Chairman and Managing Director for both India and the Middle East.

What are some of Colliers' recent achievements?

Under Sankey Prasad's leadership, Colliers has seen diversification into new markets and significant year-over-year growth.

What is Colliers' annual revenue?

Colliers' annual revenues are approximately $4.3 billion.

How does Colliers support its clients?

Colliers provides expert real estate and investment advice through a client-focused approach, leveraging regional expertise and global strategy.

What is the focus of Colliers' investment management?

Colliers focuses on maximizing the potential of property and real assets to accelerate the success of clients and investors.

How is Colliers expanding its market reach?

Colliers is expanding through strategic acquisitions, such as strengthening its presence in the U.S. Northeast and Mid-Atlantic regions.

Colliers International Group Inc.

Nasdaq:CIGI

CIGI Rankings

CIGI Stock Data

6.77B
48.91M
11.32%
76.76%
1.69%
Nonresidential Property Managers
Real Estate and Rental and Leasing
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United States of America
TORONTO ONTARIO CANA