CBRE Group Inc (CBRE) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.600 Greetings and welcome to the first quarter 2026 CBRE earnings conference call. 00:00:04.600 -- 00:00:07.545 At this time, all participants are on a listen-only mode. 00:00:07.545 -- 00:00:10.971 A question and answer session will follow the formal presentation. 00:00:10.971 -- 00:00:14.839 If anyone should require operator assistance, please press star zero on your telephone 00:00:14.839 -- 00:00:18.686 keypad. As a reminder, this conference is being recorded. 00:00:18.686 -- 00:00:22.172 It is now my pleasure to introduce your host, Shadneet Luthra. 00:00:22.172 -- 00:00:25.254 Thank you. You may begin. 00:00:26.643 -- 00:00:31.509 Good morning, everyone, and welcome to CBRE's first quarter 2026 earnings conference 00:00:31.509 -- 00:00:36.634 call. Earlier today, we posted a presentation deck on our website that you can use to 00:00:36.634 -- 00:00:41.400 follow along with our prepared remarks and an Excel file that contains additional supplemental 00:00:41.400 -- 00:00:45.905 material. Today's presentation contains forward-looking statements, including without 00:00:45.905 -- 00:00:50.771 limitation, statements concerning our business outlook, business plan, seasonality, and 00:00:50.771 -- 00:00:55.145 capital allocation strategy, as well as our earnings and cash flow outlook. 00:00:55.145 -- 00:00:59.970 These statements involve risks and uncertainties that may cause actual results and trends 00:00:59.970 -- 00:01:04.695 to differ materially. For a full discussion of the risks and other factors that may impact 00:01:04.695 -- 00:01:09.220 these statements, please refer to this morning's earnings release in our SEC file. 00:01:09.220 -- 00:01:14.165 We've provided reconciliations of the non-GAAP financial measures discussed on ...