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CBRE Retains Commercial Property Investment Activity Top Spot

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Recently, CBRE Group, Inc. (CBRE - Free Report) announced that it has once again secured the top spot in the global rankings for commercial real estate investment activity for 2018. The data is as per Real Capital Analytics (RCA).

This, in fact, is the eighth consecutive year of the company securing the first position. Per the RCA data, CBRE had 22.2% market share in 2018 across all property types on a global basis, which is a massive 800 basis points ahead of its closest competitor. Particularly, CBRE emerged as the number one firm for commercial real estate investment activity in the Americas as well as the Asia Pacific.

In 2018, the company executed $51.54 billion in global office sales as seller representative for an industry-leading market share of 19.8%. Further, with $26.30 billion in transactions for a market share of 32.3%, the company once again became the top global firm in logistics and industrial sales.

In addition, CBRE maintained its top global rank in retail sales with $16.94 billion in transactions as well. The company’s global market share was 21.1% in 2018. Moreover, the company executed $35.18 billion in global apartment sales for a market share of 23.5%.

Notably, CBRE’s broad range of real estate products and services, and an extensive knowledge of domestic and international real estate markets helped the company retain its solid growth momentum.

The company recently announced an encouraging outlook for full-year 2019. It expects to achieve adjusted earnings per share of $3.50-$3.70 for the full year, which, at the mid-point of $3.60, denotes around 10% growth from the prior year. Management expects growth momentum to be supported by substantial operational gains and strategic investments across the company’s business. (Read: CBRE Group 2019 Earnings Outlook Surpasses Views)

The company’s solid technology platform helps it develop and deliver superior analytical, research and client service tools to meet diverse client needs. Additionally, the company’s focused investment in technology and data analytics are likely to drive long-term growth. Furthermore, with continued calculated investments in people and platform, as well as strong client service, CBRE continues to experience decent market share gains and ride on growth trajectory.

Currently, CBRE sports a Zacks Rank #1 (Strong Buy). Over the past three months, the stock has appreciated 23.9%, while its industry has gained 10.6%.

Other Key Picks

Investors interested in the real estate industry can consider some other top-ranked stocks like Colliers International Group Inc. (CIGI - Free Report) , HFF, Inc. (HF - Free Report) and Jones Lang LaSalle Inc. (JLL - Free Report) . While Colliers International and HFF currently flaunt a Zacks Rank of 1 (Strong Buy), Jones Lang LaSalle carries a Zacks Rank of 2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Colliers International’s Zacks Consensus Estimate for 2019 earnings moved 4.6% north to $4.59 in a month’s time.

The Zacks Consensus Estimate for HFF’s 2019 earnings moved up 4.2% to $2.76 over the past month.

The current-year earnings estimates for Jones Lang LaSalle climbed 2.4% in the past month to $11.34.

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