CBRE raises 2025 profit forecast on higher leasing, property sales
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CBRE has raised its 2025 profit forecast due to strong demand in leasing and property sales, with shares rising 6% following the announcement. The company reported a 14% increase in U.S. leasing revenue and an 18% rise in leasing revenue in Europe, the Middle East, and Africa. CBRE now expects core profit per share to be between $6.10 and $6.20, up from a previous estimate of $5.80 to $6.10. The second quarter core earnings per share were $1.19, exceeding analysts' expectations, with total revenue increasing by 16.2% to $9.75 billion.
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