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CBRE - CBRE Group Inc (CBRE) Annual Report Sheds Light on Revenue and Profit
CBRE Group Inc Class A
2024-02-20 08:02:53 ET
The company's revenue declined due to lower sales and mortgage origination but saw growth in property management and loan servicing revenue. Operating expenses increased by $28.6 million in 2023, mainly from professional fees. Other income improved to $7.6 million, attributed to gains on securities. Despite a net income margin decline to 4.5%, the company remains the largest by revenue in 2023. Management focuses on acquisitions for growth but faces integration challenges. Key risks include orga ... Full story available on KlickAnalytics.com