More than 20 times expectations for 5 in 2022? Seems a little rich.
j
Did they overpay??
"CBRE Group, Inc. (NYSE:CBRE) today announced the acquisition of a 35 percent interest in Industrious, a leading provider of premium flexible workplace solutions in the U.S. CBRE is now Industrious’ largest shareholder. In addition, CBRE is expected to acquire an additional 5 percent of Industrious in the coming weeks, which would result in a 40 percent total stake.
The investment significantly increases CBRE’s participation in the flexible workplace sector and positions the company to meet rising demand from occupiers for agile space solutions — a trend that is being accelerated by the Covid-19 pandemic. Recent CBRE surveys show that 86% of its occupier clients, which include many of the world’s largest global corporations, plan to incorporate flex office space in their real estate strategies, and 82% will favor buildings that offer a flex-office component.
Under the agreement, two CBRE executives — President & CEO Bob Sulentic and Global Chief Investment Officer Emma Giamartino — will join Industrious’ Board of Directors. As part of the transaction, CBRE’s flexible-space solutions offering, Hana, will be merged into Industrious. Industrious has more than 100 locations in more than 50 U.S. cities and specializes in asset-lite flexible workplace operating models.
CBRE acquired its 35% ownership in Industrious in the form of primary and secondary shares. The consideration includes approximately $200 million in cash and the transfer of Hana.
"Our investment in Industrious is consistent with our view that flexible office space is playing an increasingly central role in companies’ occupancy strategies and aligns us with an exceptional operator and an outstanding leadership team that is executing a great strategy," Mr. Sulentic said. "
S
Does CBRE hold any real estate assets or just manage them? thanks ahead!
G
FYI - Based on 4 Wall Street analysts offering 12 month price targets for CBRE Group in the last 3 months. The average price target is $100.25 with a high forecast of $112.00 and a low forecast of $93.00. The average price target represents a 16.80% from the last price of $85.83.
N
CBRE has had $1,701,648,000 of working capital at 12-31-2020. Their EPS are $2.49. Why aren't they paying a dividend?
G
if Goldman Sachs is pumping the stock, that means they're selling... get out while you can
S
massively down in pre market
M
CBRE is a great place to park cash for the next few years.
N
What will be the effect on CBRE when companies learn that they no longer need to provide office space for employees who can remotely? That fact is becoming evident with the Covid-19 situation.
N
In Texas this company is really strong with how quickly the metro areas are expanding. The financials are great, and company is undervalued. Definite buy and hold. Not a great day trade stock.
A
profit $1.15 per share. Q4 earnings = $393.8 mill exceeded expectations again. Shares got up 19% since the beginning of the year
Y
CBRE is up 4.97% to 99.74
P
How is the real estate company up when commercial real estate has no demand and a surplus in the supply
N
I bought 2,500 of CBRE on 10-27-2008 for $4.56/share and still own it. I want some current income from this investment. Why doesn't the company pay a dividend? I would sell CBRE if the stock if it were not in a taxable account (too much gain) and buy something yield like T or VZ.
"CBRE Group, Inc. (NYSE:CBRE) today announced the acquisition of a 35 percent interest in Industrious, a leading provider of premium flexible workplace solutions in the U.S. CBRE is now Industrious’ largest shareholder. In addition, CBRE is expected to acquire an additional 5 percent of Industrious in the coming weeks, which would result in a 40 percent total stake.
The investment significantly increases CBRE’s participation in the flexible workplace sector and positions the company to meet rising demand from occupiers for agile space solutions — a trend that is being accelerated by the Covid-19 pandemic. Recent CBRE surveys show that 86% of its occupier clients, which include many of the world’s largest global corporations, plan to incorporate flex office space in their real estate strategies, and 82% will favor buildings that offer a flex-office component.
Under the agreement, two CBRE executives — President & CEO Bob Sulentic and Global Chief Investment Officer Emma Giamartino — will join Industrious’ Board of Directors. As part of the transaction, CBRE’s flexible-space solutions offering, Hana, will be merged into Industrious. Industrious has more than 100 locations in more than 50 U.S. cities and specializes in asset-lite flexible workplace operating models.
CBRE acquired its 35% ownership in Industrious in the form of primary and secondary shares. The consideration includes approximately $200 million in cash and the transfer of Hana.
"Our investment in Industrious is consistent with our view that flexible office space is playing an increasingly central role in companies’ occupancy strategies and aligns us with an exceptional operator and an outstanding leadership team that is executing a great strategy," Mr. Sulentic said. "
Initiated by Goldman Sachs Buy USD 74