Colliers Intl Group Inc Stock Price, News & Analysis

Colliers (NASDAQ/TSX: CIGI) has been named World's Best Real Estate Advisor by the Euromoney Global Real Estate Awards. The company secured top rankings in 16 categories, including Best Real Estate Advisor titles in Asia Pacific and Europe, and Best Real Estate Agency in Latin America. This recognition builds upon their Best Global Agency win from the previous year, highlighting their excellence in real estate advisory and client service across global markets. The Euromoney Real Estate Awards recognize organizations demonstrating commercial success and commitment to technological advances and sustainability initiatives.

Colliers' 2025 Global Investor Outlook indicates renewed optimism in commercial real estate markets as asset values stabilize. The report predicts a more diverse market environment emerging across asset classes and investor bases, driven by subsiding inflation, lower interest rates, and improved economic outlook. Private investors, especially family offices and private equity funds, are expected to be among the most active buyers in 2025.

The report highlights strong interest across all sectors, with prime urban office assets attracting renewed attention and industrial/logistics remaining a major investment theme. Data centers are particularly sought after due to AI growth, though energy constraints pose challenges. Regional trends show rate cuts driving APAC transactions, growing demand for quality assets in EMEA, and declining rates boosting U.S. investments.

Colliers has appointed Jeroen Lokerse as CEO of the Netherlands, effective January 2025. Lokerse joins after a 17-year tenure at Cushman & Wakefield, where he most recently held a global product innovation role and previously served as Head of Netherlands. He will focus on accelerating strategic direction and growth of the Dutch business.

Concurrent with this appointment, current leader Dirk Bakker will transition to Head of Hotels, EMEA, leveraging his expertise to lead the European team of hotel specialists.

Colliers International Group reported strong Q3 2024 results with revenues reaching $1.18 billion, up 12% year-over-year. Adjusted EBITDA increased 7% to $154.6 million, while Adjusted EPS rose 11% to $1.32. The company has re-aligned its operating segments into three divisions: Real Estate Services, Engineering, and Investment Management. Engineering grew 21%, Capital Markets revenues increased 17%, and Assets Under Management reached $98.8 billion. The company completed strategic acquisitions including Englobe, GWAL, Pritchard Francis, and TTM, with recurring revenues now contributing over 70% of earnings.

Colliers (NASDAQ and TSX: CIGI) has been recognized by Forbes as one of the World's Best Employers 2024, marking its second consecutive appearance on this prestigious list. As the only global, full-service commercial real estate firm included, this recognition underscores Colliers' dedication to maintaining an exceptional workplace culture.

The Forbes recognition is based on an independent survey of 300,000 participants across 50+ countries, evaluating employers on workplace attributes including well-being, inclusivity, diversity, growth opportunities, and work-life balance. The company offers comprehensive professional development through mentorship programs, training initiatives, and employee resource groups.

Recent accolades for Colliers include IAOP Global Outsourcing 100, TIME World's Best Companies 2024, and Forbes Top Companies for Women 2023.

Colliers (NASDAQ, TSX: CIGI) has acquired TTM Group Pty , a Brisbane-based transportation engineering consultancy. This acquisition expands Colliers Engineering & Design Australia's capabilities in traffic and transportation across Queensland, New South Wales, and Victoria. TTM's senior leadership will become shareholders in Colliers Engineering under its partnership model. Founded in 1982, TTM employs 65 professionals across four offices, offering services in transportation and traffic engineering, specialty acoustics, data collection, and waste management. This marks Colliers' third follow-on investment in Australia's engineering consultancy market since 2022. The terms of the deal were not disclosed.

Colliers International Group Inc. (TSX & NASDAQ: CIGI) has announced that its third quarter results for the period ended September 30, 2024, will be released on November 5, 2024, at approximately 7:00am ET. The company will host a conference call to review these results on the same day at 11:00am ET.

The call will be led by Jay S. Hennick (Global Chairman & CEO), Chris McLernon (CEO, Real Estate Services), and Christian Mayer (CFO). Interested parties can join the call using the following phone numbers: Local – Toronto 1-289-819-1520 and Toll Free – NA 1-800-549-8228, with conference ID 21704. A webcast of the call will also be available on the company's website at corporate.colliers.com/en in the "Events" section, with a replay option for those unable to attend the live call.

Colliers (NASDAQ, TSX: CIGI) announced that its Canadian engineering platform, Englobe , has acquired Goodkey, Weedmark & Associates (GWAL), a leading building engineering consulting firm in Ontario. This acquisition enhances Englobe's scale and service capabilities in Canada's largest market. GWAL's leadership team will become shareholders of Englobe under Colliers' partnership model.

GWAL, founded in 1956, has 100 professionals providing mechanical and electrical engineering consulting services to public and private clients throughout Ontario, focusing on the National Capital and Ottawa Valley regions. This acquisition is Englobe's first follow-on investment since establishing its partnership with Colliers earlier this year. The move aims to bolster Colliers' presence in Ontario's engineering consulting market.

The acquisition will allow Englobe to better serve clients in Ontario and across Canada by deepening its capabilities and qualifications. GWAL will be fully integrated into Englobe's operations and will rebrand as Colliers in the future.

Colliers International Group Inc. (TSX, NASDAQ: CIGI) has extended its management services agreement with Global Chairman and CEO Jay S. Hennick until January 1, 2029. Under Hennick's leadership since 2004, Colliers has expanded globally, diversified its business, and increased recurring earnings to 70%. The company's market capitalization has grown from US$1.5 billion in 2015 to US$6.1 billion as of December 31, 2023.

A new performance-based long-term incentive plan has been created, granting Hennick 428,174 cash-settled performance units. These units are subject to market capitalization-based growth targets, with full vesting occurring if Colliers reaches a market cap of approximately US$12.3 billion by January 1, 2029. The plan aims to align Hennick's compensation with shareholder value creation and does not involve share dilution.