CBRE Group, Inc. (NYSE:CBRE) announced its 2019 earnings expectations at its Investor Day in New York City.
CBRE expects to achieve adjusted earnings per share1 in the range of $3.50 to $3.70 for the full-year 2019. At the midpoint of the range, adjusted earnings per share of $3.60 would represent growth of approximately 10% over 2018.
“We are well positioned for continued strong growth in 2019, driven by significant operational gains and strategic investments across our business. Our new corporate structure, which took effect January 1st, will sustain our momentum in these areas,” said Bob Sulentic, president and chief executive officer of CBRE.
“We expect solid revenue growth and market share gains in our transaction businesses. This is especially true in leasing, which is benefiting from the ongoing economic expansion and our increasing ability to deliver hard-to-replicate outcomes. We expect another year of double-digit revenue growth in Global Workplace Solutions. Our outsourcing capabilities are increasingly differentiated, enhanced by technology and well matched with occupier needs for integrated global solutions. In our real estate investments segment, we expect development services to have another excellent year – albeit more comparable to 2017 than 2018’s record level – and investment management to show improved performance.”