CBRE Group Inc (CBRE) Q2 2026 Earnings Call

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WEBVTT 00:00:00.574 -- 00:00:05.898 Greetings. Welcome to the Q2 2026 CBRE earnings conference call. 00:00:05.898 -- 00:00:09.141 At this time, all participants are in a listen-only mode. 00:00:09.141 -- 00:00:12.424 A question and answer session will follow the formal presentation. 00:00:12.424 -- 00:00:16.647 If anyone should require operator assistance during the conference, please press star 00:00:16.647 -- 00:00:21.191 zero on your telephone keypad. Please note this conference is being recorded. 00:00:21.191 -- 00:00:27.135 I will now turn the conference over to Chandni Luthra, Global Head of FP&A 00:00:27.135 -- 00:00:29.737 and IR of CBRE. 00:00:29.737 -- 00:00:33.157 Thank you, Chandni. You may begin. 00:00:33.598 -- 00:00:38.739 Good morning, everyone, and welcome to CBRE's second quarter 2026 earnings conference 00:00:38.739 -- 00:00:43.740 call. Earlier today, we posted a presentation deck on our website that you can use to 00:00:43.740 -- 00:00:48.782 follow along with our prepared remarks and an Excel file that contains additional supplemental 00:00:48.782 -- 00:00:53.943 materials. Today's presentation contains forward-looking statements, including, without 00:00:53.943 -- 00:00:58.604 limitation, statements concerning our business outlook, business plan, capital allocation 00:00:58.604 -- 00:01:02.318 strategy, as well as our earnings and free cash flow outlook. 00:01:02.318 -- 00:01:07.360 These statements involve risks and uncertainties that may cause actual results and trends 00:01:07.360 -- 00:01:11.901 to differ materially. For a full discussion of the risks and other factors that may impact 00:01:11.901 -- 00:01:17.043 these statements, please refer to this morning's earnings release and our other SEC filings. 00:01:17.043 -- 00:01:21.985 We've p...