Cushman & Wakefield Plc - CWK STOCK NEWS

Cushman & Wakefield (NYSE: CWK) has appointed Adam Pastor as Vice Chair of their Industrial Advisory Group (IAG). Based in Southern California, Pastor brings extensive experience in industrial portfolio capital markets, specializing in portfolio sales, recapitalizations, and joint venture equity.

Pastor joins from Eastdil Secured where he served as Managing Director for 20 years, completing over $180 billion in industrial transactions across the United States, Europe, and Australia. Miles Treaster, President of Americas Capital Markets, emphasized the firm's commitment to top talent acquisition to serve clients better.

The National Industrial Advisory Group at Cushman & Wakefield provides comprehensive services including investment sales, acquisitions, joint ventures, and private placements. The team specializes in various industrial sectors such as logistics, warehousing, and manufacturing, offering tailored advisory and transaction services for both individual assets and large portfolios.

Cushman & Wakefield (NYSE: CWK) reported strong Q1 2025 financial results, with total revenue reaching $2.3 billion, marking a 5% increase year-over-year. The company demonstrated robust performance across key metrics:

• Leasing revenue grew 8% (9% in local currency), driven by office and industrial sectors
• Capital markets revenue increased 11%, showing strength across all segments
• Net income improved by $30.7 million to $1.9 million, compared to a loss of $28.8 million in Q1 2024
• Adjusted EBITDA reached $96.2 million, up 23% with margin improvement of 103 basis points

The company maintains strong liquidity of $1.7 billion, including $1.1 billion in undrawn credit facility and $0.6 billion in cash. Notable improvements in operating performance were attributed to strategic initiatives, cost management, and strong global platform capabilities.

Cushman & Wakefield (NYSE: CWK) has achieved notable recognition in the 2025 Global Outsourcing 100® program by the International Association of Outsourcing Professionals® (IAOP®). The company earned the prestigious 'All Star' status with top scores across all major judging categories and received special recognition for 'Sustained Excellence'.

The firm secured a perfect score in the important Customer References category, demonstrating exceptional value creation for clients. Additional high marks were achieved in Awards and Certifications, Programs for Innovation, and Programs for Social Impact categories.

Their comprehensive service offerings include:

• Property and facilities management
• Project and development services (PDS)
• Portfolio administration
• Transaction management
• Strategic consulting
• Space planning and occupancy management

Cushman & Wakefield (NYSE: CWK) has scheduled the release of its first quarter 2025 financial results for Tuesday, April 29, 2025, at approximately 7:00 a.m. ET. The company will host a conference call at 9:00 a.m. ET on the same day to discuss the results.

Investors can access the conference call through multiple channels: by dialing 1-833-821-5374 (domestic) or 1-412-652-1260 (international) with passcode 7812138, or via the live webcast through the company's investor relations website. An audio replay will be available approximately two hours after the call on the IR website.

Cushman & Wakefield (NYSE: CWK) has released a comprehensive report analyzing commercial real estate trends five years after the COVID-19 pandemic. The report highlights several key developments:

Cities are experiencing a resurgence, with Manhattan seeing a 9% increase in young population (15-29) during 2022-2023. Class A office leasing in CBDs has returned to 41% market share. The study reveals that employees living within a mile of work show 90% office return rates, while those beyond three miles only reach 70%.

Notable trends include: normalized consumer behavior with e-commerce returning to 15% annual growth; reduced construction across sectors (industrial -17%, multifamily -8% below Q1 2020 levels); and office development declining from 135M to under 30M square feet. The report emphasizes the growing importance of experiential spaces, with two-thirds of urban foot traffic coming from visitors, though only 12-15% of city real estate is dedicated to 'Play' spaces versus an optimal 25%.

Cushman & Wakefield (CWK) has strengthened its capital markets platform with the addition of Josh Jandris and Brett Gardner as Vice Chairs, both joining as industry-leading Seniors Housing capital markets advisors. The duo has completed over $15 billion in Seniors Housing investment sales throughout their careers.

Based in Chicago, they will focus on representing institutional and private-capital investors in dispositions across various senior living facilities, including skilled nursing, assisted living, memory care, independent living, continuing care retirement communities, and age-restricted communities.

The strategic hire comes amid strong sector performance, with Seniors Housing trades worth $25 million or more increasing 80% in 2024, totaling $6.24 billion. A late 2024 Urban Land Institute poll ranked Seniors Housing second for most promising risk-adjusted returns. The team will create synergies with CWK's existing Seniors Housing capabilities and its joint venture with Greystone, the #1 HUD lender for healthcare.

Cushman & Wakefield (NYSE: CWK) has been named to the 2025 Global Outsourcing 100® list in the Leader category for large established global firms by the International Association of Outsourcing Professionals® (IAOP®). This marks the 14th consecutive year the company has received this recognition.

The Global Outsourcing 100, in its 19th year, recognizes top global outsourcing service providers through a rigorous scoring methodology, including independent review by IAOP customer members experienced in selecting outsourcing providers. The selection process evaluates providers' ability to deliver comprehensive real estate solutions and their commitment to innovation in service delivery.

Cushman & Wakefield's 2025 General Contractor Sentiment Survey reveals that construction cost increases have fallen below their 5- and 10-year averages as inflation eases across the Americas. However, the sector faces new challenges from U.S. tariffs on Canadian and Mexican imports.

Key findings show that new office construction pipeline has declined 40% YOY across the Americas. To address higher costs, Class A tenant improvement packages increased by 7% YOY, with some markets experiencing up to 20% YOY increases in TI allowances.

The survey indicates ongoing concerns about rising labor costs and commodity prices (lumber, steel, copper, cement) extending into 2025. Extended permitting times remain a significant challenge, contributing to project delays. With new office space availability, occupiers are increasingly focusing on upgrading existing spaces through fit-outs.

Cushman & Wakefield (CWK) has released its 2025 Life Sciences Update, revealing significant shifts in the life sciences real estate market. The overall vacancy rate reached 20.5% in Q4 2024, increasing 250 basis points from Q2 2024. The U.S. market experienced negative net absorption for two consecutive years, though Boston, Chicago, and Los Angeles-Orange County showed positive absorption in 2024.

The construction pipeline has dramatically decreased to 2 million square feet expected beyond 2025, down from 16 msf currently under construction. While average asking rent growth slowed to 3% year-over-year, it remains 22% above 2022 levels. Notable market variations include Denver (+26%), Los Angeles-Orange County (+18%), and Chicago (+13%) showing strong growth, while New York City (-14%) and Boston (-11%) experienced declines.

Capital markets show increasing sales volume in 2025, though cap rates remain elevated as investors evaluate income potential and debt costs. Total returns have been negative for three consecutive years.