Cbre Group Inc · NYSE:CBRE
Cbre — Investor Presentation (June 2026)
39 slides from Cbre's investor presentation, June 2026
Slide 1: Investor Overview
Investor June 2026 Overview
Slide 2: Forward Looking Statements
2 CBRE INVESTOR OVERVIEW Forward Looking Statements This presentation contains statements that are forward looking within the meaning of the Private Securities LitigationAct Reform of 1995, including, but not limited to, statements concerning our business outlook, our business plans, capital allocat
Slide 3: Key Messages for Investors
3 CBRE INVESTOR OVERVIEW Key Messages for Investors Strong Growth Through-cycle Market Leader Operational Shareholder Engine Resilience At Scale Excellence Value Creation Double-digit Core EPS Diversified business Scaled market leader Focus on efficient Steward of shareholder through-cycle growth su
Slide 4: Strong Growth Engine
Strong Growth Engine
Slide 5: Solid Earnings Growth
5 CBRE INVESTOR OVERVIEW Solid Earnings Following the 2023 real estate downturn, earnings surpassed prior peak in less than 2 years Low-to-Mid Teens CAGR Growth $6.37 CBRE has generated through-cycle Core EPS $5.75 annualgrowth of 14%, supported by our $5.30 $5.14 increasingly resilient business mix
Slide 6: Through-Cycle Resilience
Through- Cycle Resilience
Slide 7: Strategic Transformation: Shift to Resilience
7 CBRE INVESTOR “We made several sizable investments consistent with OVERVIEW our strategy to invest in cyclically resilient or secularly favored elements of our business.” Strategic Transformation: Bob Sulentic, July 2024 Earnings Call ~14%- 2012-25 Shift to Resilience Resilient SOP CAGR 62% 66% $2
Slide 8: Diversification Across Four Dimensions
8 CBRE INVESTOR OVERVIEW Diversification Across Four Dimensions Revenue Diversification across 4-Dimensions has Increased Resiliency Infrastructure Property Type Share of Office down from ~50% at peak; Other property 39% Office Industrial Retail Data Centers Other types like industrial and data cent
Slide 9: Demand Rotation Is a Multi-Year Tailwind
9 CBRE INVESTOR OVERVIEW Demand Rotation Is a Multi-Year Tailwind Historically, when office demand softened, industrial more than offset that headwind — data centers are now driving the next leg 2020 - 2023 2024 - 2025+ Million Sq. Ft. Office posts four years of negative Data center demand surges to
Slide 10: Market Leader at Scale
Market Leader at Scale
Slide 11: Leading Global Real Estate Platform
11 CBRE INVESTOR OVERVIEW Leading Global Real Estate Platform Capabilities The CBRE Differentiation CBRE Peer Coverage1 Leasing Global-to-Local coverage Advisory Services Capital Markets “One-stop” shop Valuations and Loan Servicing Superior platform and insights Facilities Management Technical serv
Slide 12: A Premier Infrastructure Platform
12 CBRE INVESTOR OVERVIEW A Premier Infrastructure Platform The only platform that spans all four segments — well positioned to transact, develop, build, and operate mission -critical assets at a global scale CBRE Infrastructure Gross Revenue Data Centers Scale Today 8% of CBRE Rev 1,300+ Data cente
Slide 13: Operational Excellence
Operational Excellence
Slide 14: Operating Leverage Across Segments
14 CBRE INVESTOR OVERVIEW Operating Leverage Across Segments Operating leverage and disciplined cost management driving margin gains across our three largest segments with continued runway ahead BOE PJM ADV Building Operations & Experience Project Management Advisory Services Revenue +31% Revenue +2
Slide 15: Harnessing AI to Accelerate Strategy
15 CBRE INVESTOR OVERVIEW Harnessing AI to Accelerate Strategy AI is an enabler of our strategy— not a replacement for it Ellis AI Core Our proprietary enterprise AgenticAI platform Market-Facing Demand Product Differentiation Operational Efficiency AI is generating powerful demand through data cent
Slide 16: Shareholder Value Creation
Shareholder Value Creation
Slide 17: Solid Total Shareholder Return
17 CBRE INVESTOR OVERVIEW CBRE cumulative return stands at 8.8x (10.6x YE 2025), compared to the S&P 500 delivering 7.7x (7.0xYE 2025) returns over the Solid Total same period– demonstrating a clear track record of market 12x outperformance. Shareholder Return CBRE S&P 500 10x CBRE Has Generated Str
Slide 18: Capital Allocation is a Top Priority
18 CBRE INVESTOR OVERVIEW Capital Allocation is a Top Priority Prioritizing M&A, co-investments, and fill -in with buybacks ~$7B 5-year free cash flow generated | 2021 –2025, cumulative M&A Co-Investments Share Repurchases ~$6B ~$2.4B ~$4.5B Total M&A spend (2021– 2025) Total gross capital co-invest
Slide 19: Segment View
Segment View
Slide 20: CBRE Integrated Advantage
20 CBRE INVESTOR OVERVIEW CBRE Integrated Investment Management Investment Sales Advantage Development Valuations Debt & Equity Placement Value Realization Capital Deployment & Recycling & Origination Seamless Execution Loan Sales Project Management Single source delivery reduces client friction and
Slide 21: Advisory Services
21 CBRE INVESTOR OVERVIEW Advisory Services Investment Sales Investment Management Development Valuations Right of way, Funds, Appraisal Value Realization Debt & Equity Capital Deployment Placement & Recycling & Origination Loan Sales CBRE Advantage Project Management CBRE Cost Consulting Full Real
Slide 22: Advisory Services
22 CBRE INVESTOR OVERVIEW Advisory Services $ in millions Revenue SOP ~19% $1,683 Resilient $1,626 $8,694 $8,344 $1,379 $7,591 $6,763 $1,141 Trough-to-peak in two years Demonstrated operating leverage during recovery 2022 2023 2024 2025 2022 2023 2024 2025 Valuation Loan Servicing Other Portfolio Se
Slide 23: Building Operations & Experience
23 CBRE INVESTOR OVERVIEW Building Operations Investment Sales Investment Management Development & Experience Valuations Value Realization Capital Deployment Debt & Equity Placement & Recycling & Origination Loan Sales CBRE Advantage Project Management CBRE Cost Consulting Full Real Estate Critical
Slide 24: Building Operations & Experience
24 CBRE INVESTOR OVERVIEW Building Operations & Experience $ in millions Revenue 100% SOP Resilient $1,112 $23,457 $20,383 $905 $17,616 $17,971 $724 $692 Sustained growth, including in 2023, reflecting resilience Industry leading margins 2022 2023 2024 2025 2022 2023 2024 2025 Facilities Management
Slide 25: Project Management
25 CBRE INVESTOR OVERVIEW Project Investment Sales Investment Management Development Management Valuations Value Realization Capital Deployment Debt & Equity Placement & Recycling & Origination Loan Sales CBRE Advantage Project Management CBRE Cost Consulting Full Real Estate Life Cycle Decades-long
Slide 26: Project Management
26 CBRE INVESTOR OVERVIEW Project Management $ in millions Revenue 100% SOP Resilient $7,424 $543 $6,634 $489 $6,136 $421 $357 $3,610 Opportunity to expand share in the Americas Strong operating leverage 2022 2023 2024 2025 2022 2023 2024 2025
Slide 27: Real Estate Investments
27 CBRE INVESTOR OVERVIEW Real Estate Investment Sales Investment Management Development Investments Valuations Value Realization Capital Deployment Debt & Equity Placement & Recycling & Origination Loan Sales CBRE Advantage Project Management CBRE Cost Consulting Full Real Estate Life Cycle Propert
Slide 28: Real Estate Investments
28 CBRE INVESTOR OVERVIEW Real Estate Investments $ in millions Revenue SOP ~64% $1,110 $1,038 Resilient $518 $952 $879 $324 $261 $239 Volatility emanating from carried interest and incentive fees Recovery in CRE driving consistent growth since 2023 trough 2022 2023 2024 2025 2022 2023 2024 2025 Ass
Slide 29: Financial Profile
Financial Profile
Slide 30: CBRE "Growth" Profile
30 CBRE INVESTOR OVERVIEW CBRE “Growth” Profile Segment-specific strategies to outpace market growth in revenue, led by the CBRE Advantage and strategic investments into secula r trends Advisory Services Building Ops & Experience Project Management (PJM) Investment Management Development INDUSTRY GR
Slide 31: Long-Term Targets
31 CBRE INVESTOR OVERVIEW Long-Term Targets Current Targets Historical Low-to-Mid Teens ~14% CAGR > Strong organic growth, M&A, and operating leverage compound EPS at a double-digit rate through cycles Core EPS Growth Target 2012→ Today >60% ~40% → >60% > Recurring revenue streams with secular tailw
Slide 32: Supplemental Slides
Supplemental Slides
Slide 33: Non-GAAP Financial Measures
33 CBRE INVESTOR OVERVIEW Non-GAAP Financial Measures The following measures are considered “non -GAAP financial measures” under SEC guidelines: i. Core net income attributable to CBRE Group, Inc. stockholders, as adjusted (which we also refer to as “core adjustedme” net) inco ii. Core EBITDA iii. C
Slide 34: Definitions and Notes
34 CBRE INVESTOR OVERVIEW Definitions and Notes Definitions Core adjusted Net Income and Core adjusted Earnings Per Diluted Share:Core adjusted net income and core earnings per diluted share (or core EPS) exclude the effect of select items from U.S.net GAAP income and U.S. GAAP earnings per diluted
Slide 35: Free Cash Flow
35 CBRE INVESTOR OVERVIEW Free Cash Flow $ in millions, totals may not sum due to rounding Twelve Months Ended December 31, 2025 2024 2023 2022 2021 2020 2019 Net cash provided by Operating Activities $1,559 $1,708 $480 $1,629 $2,364 $1,831 $1,223 Add: Gain on disposition of real estate 459 142 27 n
Slide 36: Resilient and Transactional SOP
36 CBRE INVESTOR OVERVIEW Resilient and Transactional SOP $ in millions, totals may not sum due to rounding Twelve Months Ended December 31, Segment Operating Profit 2025 2024 2023 2022 2021 2020 2019 2012 Resilient $2,276 $1,988 $1,733 $1,611 $1,313 $1,117 $979 $413 Transactional 1,387 1,045 792 1,
Slide 37: Reconciliation of Net Income to Core EBITDA
37 CBRE INVESTOR OVERVIEW Reconciliation of Net Income to Core EBITD $ in millions, totals may not sum due to rounding Twelve Months Ended December 31, 2025 2024 2023 2022 2021 2020 2019 2012 Net income attributable to CBRE Group, Inc. $1,157 $968 $986 $1,407 $1,837 $752 $1,282 $316 Net income attri
Slide 38: Reconciliation of Net Income to Core EPS
38 CBRE INVESTOR OVERVIEW Reconciliation of Net Income to Core EPS $ in millions, except per share data, totals may not sum due to rounding Twelve Months Ended December 31, 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 Net income attributable to CBRE Group, Inc. $1,157 $968 $
Slide 39: Climate Transition Strategy
CLIMATE At a Glance Leadership Message Introduction Governance Our Targets Our Progress Our Impact Our Strategy Appendix TRANSITION 39 STRATEGY © 2026 CBRE, INC. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any mea