CBRE Group reported its second-quarter 2026 results on July 29, posting revenue of $11.23 billion. This figure represents a 16% increase compared to the same period last year, though some sources rounded the total to $11.2 billion.
The company’s Core Earnings Per Share (EPS) for the quarter was $1.56, exceeding the consensus estimate of $1.48 by 5.8%. GAAP EPS stood at $0.69, a lower figure attributed to one-off items.
Following the release, CBRE raised its full-year 2026 Core EPS guidance to a range of $7.80–$7.90, up from the previous forecast of $7.60–$7.80. The new target surpasses the FactSet consensus of $7.72.
Segment Performance
Revenue growth was broad-based across key business lines. Transactional businesses saw a 19% year-over-year increase, while resilient businesses grew by 15%. Facilities management revenue rose 11% to reach $5.3 billion.
Critical infrastructure services recorded a 68% revenue increase, driven largely by a 30% rise in Data Center Solutions. Overall infrastructure services revenue climbed more than 45% to nearly $1.2 billion.
Market Reaction and Outlook
In the leasing market, CBRE generated its highest U.S. office leasing revenue for any second quarter. The company also noted industrial leasing growth in Los Angeles, San Francisco, Washington, D.C., and Chicago.
CEO Bob Sulentic commented on the office sector trends following the results. Meanwhile, analyst sentiment remained positive, with Barclays raising its price target for CBRE to $180 and maintaining an Overweight rating.
The average analyst price target for the stock currently stands at $176.08, with estimates ranging from $172.40 to $180. Following the earnings report, CBRE’s stock price moved above the $150 resistance level.