Earnings release
Page 1
Logo NEWS RELEASE CBRE Group , Inc. Reports Financial Results for Second - Quarter 2021 7/29/2021 EPS Rises to $ 1.30 ( GAAP ) and $ 1.36 ( Adjusted ) DALLAS -- ( BUSINESS WIRE ) -- CBRE Group , Inc. ( NYSE : CBRE ) today reported financial results for the second quarter ended June 30 , 2021 . " As our results for the second quarter demonstrate , CBRE continues to benefit from the multi - year efforts to diversify our business . The commercial real estate market has offered up significant opportunity to diversify across asset type , business lines , client type and geography . We have moved decisively to capitalize on this opportunity and are making investments and driving organic growth initiatives that will continue this trend , " said Bob Sulentic , president and chief executive officer of CBRE . " Our agreement to acquire a majority interest in Turner & Townsend is an excellent example . Turner & Townsend has a great brand and management team , operating in sectors with favorable long - term growth profiles that will advance diversification across the four dimensions of our business . " " Our growth in the second quarter was strong , even compared with prior peak - year performance in 2019. Adjusted EBITDA grew at a better than 20 % compound rate from second - quarter 2019 with strong growth across all three business segments . Each segment experienced significant margin expansion over this period , " he continued . Consolidated Financial Results Overview The following table presents highlights of CBRE performance ( in millions , except per share data ) : Q2 2021 Q2 2020 USD % Change LC ( 1 ) 1