CBRE Group Inc (CBRE) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.017 Greetings, and welcome to the CBRE Q3 2025 Earnings Conference Call and Webcast. 00:00:06.017 -- 00:00:09.080 At this time, all participants are in listen-only mode. 00:00:09.080 -- 00:00:11.963 A question-and-answer session will follow the formal presentation. 00:00:11.963 -- 00:00:16.487 You may be placed into question queue at any time by pressing star 1 on your telephone 00:00:16.487 -- 00:00:20.632 keypad, and we ask that you please ask one question, one follow-up, then return to the 00:00:20.632 -- 00:00:25.576 queue. If anyone should require operator assistance, please press star 0 on your telephone 00:00:25.576 -- 00:00:26.978 keypad. 00:00:26.978 -- 00:00:29.714 As a reminder, this conference is being recorded. 00:00:29.714 -- 00:00:33.982 It's now my pleasure to turn the floor over to your host, Chani Luthra, Global Head of 00:00:33.982 -- 00:00:38.266 FP&A and Investor Relations. Please go ahead. 00:00:38.450 -- 00:00:43.178 Good morning, everyone, and welcome to CBRE's third quarter 2025 earnings conference 00:00:43.178 -- 00:00:48.207 call. Earlier today, we posted a presentation deck on our website that you can use to 00:00:48.207 -- 00:00:52.916 follow along with our prepared remarks and an Excel file that contains additional supplemental 00:00:52.916 -- 00:00:57.729 materials. Today's presentation contains forward-looking statements, including without 00:00:57.729 -- 00:01:02.417 limitation, statements concerning our business outlook, business plans, and capital allocation 00:01:02.417 -- 00:01:05.923 strategy, as well as our earnings and cash flow outlook. 00:01:05.923 -- 00:01:11.092 These statements involve risks and uncertainties that may cause actual results and trends 00:01:11.092 -- 00:01:15.680 to differ mat...