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0:00 / 0:00I. Business Overview and Strategy
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CBRE Net Income Plunges 30% to $986M Amid High Interest Rates

CBRE10-KFiling Date: 2/20/2024
CBRE Group, Inc.
Description

What this story covers

CBRE's 2023 net income fell 30% to 986 million dollars on 31 point 9 billion dollars revenue due to high interest rates impacting transactions. Resilient GWS segment grew 13 point 4 percent, offsetting declines in Advisory Services and REI. The company maintains strong liquidity and is acquiring J&J Worldwide Services for 800 million dollars.

Story snapshot

CompanyCBRE Group, Inc.
TickerCBRE
VariantStandard detailed
Duration26:11
Filing type10-K
PeriodAnnual 2023
IndustryReal Estate & Construction
Accession0001138118-24-000006

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