CBRE Raises 2025 Core EPS Guidance; Q3 Beats

CBRE reported Q3 2025 core EPS of $1.61, up about 34% year‑over‑year, beating estimates and lifting the stock, while revenue rose to $10.26 billion (about 13.5–14% growth) ahead of expectations. GAAP net income was $363 million, up 61%, and Core EBITDA also increased, underpinning management confidence. The company raised its full‑year 2025 core EPS guidance to $6.25–$6.35 from a prior $6.10–$6.20. Results were broad‑based: Advisory Services revenue grew roughly 16–17% (global leasing up ~17–18% and global property sales up ~28–30%), Building Operations & Experience rose about 11–12.6% aided by the Industrious acquisition, and Project Management expanded roughly 19–20%. Management attributed the strength to stronger leasing demand as companies return to offices and said future stock momentum will depend on execution of guidance and upcoming commentary.