CBRE GROUP INC
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
CBRE$134.79-2.4%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations for the months ended and
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions, except share and per share data)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $7,935 | $7,411 |
| Costs and expenses: | ||
| Cost of revenue | 6,475 | 6,006 |
| Operating, administrative and other | 1,111 | 1,209 |
| Depreciation and amortization | 158 | 162 |
| Total costs and expenses | 7,744 | 7,377 |
| Gain on disposition of real estate | 13 | 3 |
| Operating income | 204 | 37 |
| Equity (loss) income from unconsolidated subsidiaries | (58) | 142 |
| Other income | 9 | 2 |
| Interest expense, net of interest income | 36 | 28 |
| Income before (benefit from) provision for income taxes | 119 | 153 |
| (Benefit from) provision for income taxes | (29) | 28 |
| Net income | 148 | 125 |
| Less: Net income attributable to non-controlling interests | 22 | 8 |
| Net income attributable to CBRE Group, Inc. | $126 | $117 |
| Basic income per share: | ||
| Net income per share attributable to CBRE Group, Inc. | $0.41 | $0.38 |
| Weighted average shares outstanding for basic income per share | 305,808,212 | 310,464,609 |
| Diluted income per share: | ||
| Net income per share attributable to CBRE Group, Inc. | $0.41 | $0.37 |
| Weighted average shares outstanding for diluted income per share | 308,502,456 | 315,358,147 |
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