CBRE Retains Commercial Property Investment Activity Top Spot
Zacks Investment Research | Mar 12, 2019 08:01AM ET
Recently, CBRE Group, Inc. (NYSE:CBRE) announced that it has once again secured the top spot in the global rankings for commercial real estate investment activity for 2018. The data is as per Real Capital Analytics (RCA).
This, in fact, is the eighth consecutive year of the company securing the first position. Per the RCA data, CBRE had 22.2% market share in 2018 across all property types on a global basis, which is a massive 800 basis points ahead of its closest competitor. Particularly, CBRE emerged as the number one firm for commercial real estate investment activity in the Americas as well as the Asia Pacific.
In 2018, the company executed $51.54 billion in global office sales as seller representative for an industry-leading market share of 19.8%. Further, with $26.30 billion in transactions for a market share of 32.3%, the company once again became the top global firm in logistics and industrial sales.
In addition, CBRE maintained its top global rank in retail sales with $16.94 billion in transactions as well. The company’s global market share was 21.1% in 2018. Moreover, the company executed $35.18 billion in global apartment sales for a market share of 23.5%.
Notably, CBRE’s broad range of real estate products and services, and an extensive knowledge of domestic and international real estate markets helped the company retain its solid growth momentum.
The company recently announced an encouraging outlook for full-year 2019. It expects to achieve adjusted earnings per share of $3.50-$3.70 for the full year, which, at the mid-point of $3.60, denotes around 10% growth from the prior year. Management expects growth momentum to be supported by substantial operational gains and strategic investments across the company’s business. (Read: Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.