CBRE: real estate services scale needs transaction recovery and cash conversion

CBRE reported 2025 revenue of $39.90 billion and Q1 2026 revenue of $10.42 billion. The thesis depends on real estate transaction recovery, resilient outsourcing demand, margins, acquisitions and cash conversion.

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Sources used in this report

SEC datasetSEC company tickers exchange datasetRetrieved 2026-05-20 · Issuer identity, ticker, exchange and CIK SEC APISEC submissions APIRetrieved 2026-05-20 · Filing chronology and company identity SEC XBRL APISEC companyfacts APIRetrieved 2026-05-20 · Financial statement cross-checks Annual report2025 Form 10-K filed 2026-02-122026 · Annual business, risk and financial baseline Quarterly reportQ1 2026 Form 10-Q filed 2026-04-232026 · Latest interim financial baseline Current reportForm 8-K filed 2026-05-042026 · Recent filing chronology Proxy or proxy-related materialDEFA14A filed 2026-04-032026 · Governance and meeting chronology