Welcome to our dedicated page for Colliers Intl Group news (Ticker: CIGI), a resource for investors and traders seeking the latest updates and insights on Colliers Intl Group stock.
Colliers International Group Inc. (CIGI) is a global diversified professional services and investment management company listed on NASDAQ and the Toronto Stock Exchange. This news page aggregates company-issued announcements and other coverage related to its activities across Real Estate Services, Engineering and Investment Management.
Readers can expect updates on Colliers’ quarterly and annual financial results, including press releases furnished on Form 6-K and associated conference calls. These communications often discuss segment performance in Real Estate Services, Engineering and Investment Management, revenue trends, recurring earnings, and commentary from senior leadership on business conditions and outlook.
The news flow for Colliers also features corporate actions and strategic developments. Examples include announcements of acquisitions such as Greenhill Engineers Pty Ltd by Colliers Engineering & Design Australia, the rebranding of its investment management division to Harrison Street Asset Management, and partnerships like the multi-year technology transformation initiative with Google Cloud to support analytics and AI-driven tools.
In addition, Colliers’ news highlights industry recognition and research. The company has reported being named the World’s Best Real Estate Adviser by Euromoney’s Global Real Estate Awards and has released its own 2026 Global Investor Outlook, which summarizes investor sentiment and capital flows in global real estate markets based on Colliers’ proprietary research.
Investors and observers who follow CIGI news can use this page to monitor dividend declarations on Subordinate and Multiple Voting Shares, leadership appointments, technology initiatives, and developments within the Harrison Street Asset Management platform. Regular visits help track how Colliers’ three platforms evolve, how it expands geographically, and how management describes the company’s strategy and market environment over time.
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.
Lingerfelt and Colliers have announced a full-building lease with Shepherd Electric Supply at Ashton Logistics Park in South Chesterfield, VA. The 85,750 square-foot lease in Building 2 brings the two-building, 523,407 square-foot Class-A industrial park to 100% occupancy. This milestone also marks 100% occupancy of Lingerfelt's 1.8 million-square-foot, seven-building industrial portfolio in the Ashton Creek node of Chesterfield County.
The speculative development project, delivered in Q1 2024, was initially 84% pre-leased during construction. Shepherd Electric Supply, founded in 1892 and now a subsidiary of Graybar, is the oldest wholesale electrical distributor in the Mid-Atlantic region. The lease highlights Lingerfelt's focus on delivering premier, user-ready industrial space in logistically exceptional locations.
Lingerfelt and Colliers have announced a 106,376 square-foot lease with PECO Pallet at Port 801 in Colonial Heights, VA, bringing the building to 100% occupancy. This new facility will serve as PECO's primary location for the greater Richmond area, extending to Fairfax, Norfolk, and West Virginia. The state-of-the-art warehouse, completed in Q4 2022, aligns with PECO's sustainability goals and allows for the deployment of automated sorting equipment to enhance safety and operational efficiency.
PECO Pallet, one of North America's largest rental pallet service providers, operates a network of 90 pallet depots managing over 20 million pallets. This expansion reflects the company's growth and commitment to providing superior pallet pooling services while emphasizing sustainability in the supply chain industry.
Colliers (NASDAQ, TSX: CIGI) has announced that its Engineering & Design Australia division will acquire Pritchard Francis Consulting, a leading Western Australian multi-discipline engineering consulting firm. This strategic move expands Colliers' geographic presence, scale, and service capabilities in Australia. Key points:
- Pritchard Francis, founded in 1977, has 125 professionals providing civil and structural engineering services
- The acquisition aligns with Colliers' goal to become a premier engineering consulting firm in Australia
- Pritchard Francis will rebrand as 'Colliers Engineering & Design' and integrate into Colliers' operations
- Senior leadership of Pritchard Francis will continue to lead the business and become shareholders in Colliers Engineering
The transaction is expected to close by the end of 2024, subject to customary conditions. Financial terms were not disclosed.
Colliers International Group Inc. (NASDAQ and TSX: CIGI) reported solid second quarter results for the period ended June 30, 2024. The company saw growth across all service lines and segments, with revenues reaching $1.14 billion, up 6% from the previous year. Adjusted EBITDA increased by 6% to $155.6 million, while Adjusted EPS stood at $1.36. GAAP operating earnings rose significantly to $114.7 million, with diluted net earnings per share at $0.73.
The company maintained its financial outlook for the year, citing solid performance in Leasing revenues and modest growth in Capital Markets. Colliers also completed the acquisition of Englobe, expanding its high-value recurring revenue streams, which now represent 72% of earnings.