Colliers Intl Group (CIGI) Stock News

Colliers (NASDAQ/TSX: CIGI) has released its 2024 Global Sustainability Report, introducing its refreshed sustainability strategy 'Built to Last'. The strategy focuses on three core pillars: environmental sustainability, workplace experience, and ethical governance & practices. Key achievements include a 27.6% reduction in Scope 1 and 2 emissions per square foot from 2021 baseline, WELL Health-Safety Ratings in 87.4% of large offices, expansion of electric vehicle fleet to 170+, and 88% participation in employee engagement survey. The company appointed Tonya Lagrasta as Global Head of Sustainability to lead the implementation of the new strategy. The strategy was developed following a materiality assessment in Q1 2025 to align with current environmental, social, and governance challenges.

Colliers (NASDAQ, TSX: CIGI) announced that its Canadian engineering platform, Englobe Corporation, has agreed to acquire Cambium Inc., a leading engineering consulting firm in Ontario. Founded in 2006, Cambium brings 235 professionals specializing in geotechnical engineering, environmental engineering, building sciences, and construction monitoring services. The acquisition marks Colliers' fourth follow-on investment in less than a year since partnering with Englobe. Cambium's senior team will become shareholders of Englobe under Colliers' partnership model. The acquisition strengthens Englobe's presence in Ontario, particularly from the Greater Toronto Area to Ottawa region, with five strategic locations complementing Englobe's existing geographic footprint. The deal aligns with Colliers' strategic focus on expanding its Ontario market presence, though financial terms were not disclosed.

Colliers (NASDAQ, TSX: CIGI) has completed its acquisition of Triovest Inc., a prominent Canadian commercial real estate services platform. This strategic acquisition strengthens Colliers' position as Canada's largest commercial real estate services firm. Following the acquisition, Colliers now employs over 3,000 professionals in Canada, manages more than 95 million square feet of commercial real estate, and oversees development projects valued at over $15 billion.

Colliers (NASDAQ, TSX: CIGI) has announced a definitive agreement to acquire a controlling interest in Astris Infrastructure, LLC (Astris Finance), a global investment banking firm specializing in infrastructure and energy transition. Founded in 2000, Astris Finance has 65 professionals across nine offices globally and has advised on over 400 transactions worth more than $60 billion. The firm ranks among the top three financial advisors in IJ Global Renewables League Tables globally and first in Europe. The acquisition complements Colliers' existing $25 billion infrastructure asset management business and engineering segment. Senior leadership of Astris Finance will retain significant ownership under Colliers' partnership model. The transaction is expected to close in Q3 2025, with terms undisclosed.

Colliers (NASDAQ, TSX: CIGI) has announced that its Canadian engineering platform Englobe Corporation has acquired Herold Engineering Limited, a leading engineering consulting firm in British Columbia. Founded in 1994, Herold brings 75 professionals specializing in consulting services for building, municipal, transportation, and marine projects throughout British Columbia, primarily on Vancouver Island. The acquisition follows Colliers' recent purchase of Higher Ground in Western Canada, advancing their goal of becoming a regional leader. Herold's leadership team will maintain operational control and become shareholders of Englobe under Colliers' partnership model. This strategic move enhances Englobe's design and consulting capabilities in British Columbia, enabling better service delivery across major Canadian markets.

Colliers International Group Inc. (NASDAQ: CIGI) has announced a semi-annual cash dividend of US$0.15 per Common Share for both Subordinate Voting Shares and Multiple Voting Shares. The dividend will be paid on July 14, 2025 to shareholders of record as of June 30, 2025. The company confirmed this distribution aligns with their established dividend policy and qualifies as an "eligible dividend" for Canadian tax purposes.

Colliers (NASDAQ, TSX: CIGI) announced that its Canadian engineering platform Englobe Corporation has acquired Higher Ground Consulting Inc., a leading engineering consulting firm in Western Canada. Higher Ground, founded in 2013, brings 65 professionals specializing in multidisciplinary engineering consulting services in Alberta and British Columbia, with focus on the Greater Calgary market. This marks Englobe's second follow-on investment since establishing partnership with Colliers in 2024. Under Colliers' partnership model, Higher Ground's management team will become Englobe shareholders and maintain leadership roles. The acquisition particularly strengthens Englobe's capabilities in the water resources sector and expands its Western Canada presence. Financial terms were not disclosed.

Colliers International Group (NASDAQ: CIGI) has announced a new normal course issuer bid (NCIB) program to repurchase up to 4.3 million subordinate voting shares, representing approximately 10% of the public float. The buyback will run from May 9, 2025 to May 8, 2026 through TSX, alternative Canadian Trading Systems, and Nasdaq.

The company will pay market price for the shares at the time of acquisition, with daily purchases limited to 13,777 shares (excluding block purchases). BMO Nesbitt Burns has been appointed as the designated broker, and Colliers has established an automatic share purchase plan (ASPP) to facilitate purchases during blackout periods.

Colliers, with $5.0 billion in annual revenues and $100 billion in assets under management, operates through three platforms: Real Estate Services, Engineering, and Investment Management.

Colliers (NASDAQ/TSX: CIGI) reported strong Q1 2025 financial results with revenues reaching $1.14 billion, up 14% (16% in local currency) year-over-year. Adjusted EBITDA increased 7% to $116.0 million, while Adjusted EPS grew 13% to $0.87. The company's Engineering segment showed robust internal growth, with the division now generating over $1.5 billion in annualized revenues and employing 9,000+ professionals. However, GAAP operating earnings decreased to $31.6 million from $43.3 million, with a GAAP diluted net loss per share of $0.08 compared to earnings of $0.26 in Q1 2024. Notably, 72% of earnings came from recurring service revenues, and trailing 12-month free cash flow exceeded $400 million with a 136% conversion rate. The company also expanded through strategic acquisitions including Ethos Urban in Australia and the pending Triovest acquisition in Canada.