Latest news with #CBREGroup
Yahoo
3 days ago
- Business
- Yahoo
Rockingham Speedway up for sale after NASCAR return
A month after hosting a NASCAR Trucks and Xfinity race for the first time in over a decade, Rockingham Speedway is up for sale, according to Channel 9's partners at the Charlotte Observer. The speedway is listed by CBRE Group, which is a commercial real estate services and investment firm. Racetrack owner Dan Lovenheim confirmed to the Observer he is selling the track. Advertisement The track held a Truck Series race, an Xfinity Series race, and an ARCA race on Easter weekend. The NASCAR Cup Series left the track in 2004, and while Rockingham held several races in other series, Rockingham stayed vacant throughout the 2010s after its final race in 2013. ALSO READ: Prime Video's first NASCAR race averages 2.72 million viewers, younger audience 'We've basically taken it in first gear as far as we can go, building it out, getting it ready for bigger and better hands,' Lovenheim told The Charlotte Observer. 'And the time is right to pass the baton to someone who can take it farther than we can.' A new buyer will be selected by the 1st of July and there is now an open offer period. (WATCH BELOW: Former Mallard Creek star takes break from NFL for first youth football camp in Charlotte)
Yahoo
15-05-2025
- Business
- Yahoo
Here's What Supports CBRE Group (CBRE)
Baron Funds, an investment management company, released its 'Baron Real Estate Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q1 2025, stocks were sold due to economic growth slowdown, inflation, and policymaking issues, including Baron Real Estate Fund®, without considering value. The fund declined 6.69% (Institutional Shares) in the quarter compared to a 3.11% decline for the MSCI USA IMI Extended Real Estate Index (the MSCI Real Estate Index) and a 0.76% gain for the MSCI US REIT Index (the REIT Index). In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron Real Estate Fund highlighted stocks such as CBRE Group, Inc. (NYSE:CBRE). CBRE Group, Inc. (NYSE:CBRE) is a commercial real estate services and investment company. The one-month return of CBRE Group, Inc. (NYSE:CBRE) was 9.73%, and its shares gained 40.21% of their value over the last 52 weeks. On May 14, 2025, CBRE Group, Inc. (NYSE:CBRE) stock closed at $129.06 per share with a market capitalization of $38.47 billion. Baron Real Estate Fund stated the following regarding CBRE Group, Inc. (NYSE:CBRE) in its Q1 2025 investor letter: "Leading commercial real estate services companies CBRE Group, Inc. (NYSE:CBRE) and Jones Lang LaSalle Incorporated (JLL) should benefit from structural and secular tailwinds: the outsourcing of commercial real estate, the institutionalization of commercial real estate, and opportunities to increase market share in a highly fragmented market. Looking forward, we believe we are in the early days of a rebound in commercial real estate sales and leasing activity. We believe CBRE and JLL may generate annual earnings per share growth of more than 20% in the next few years." A downtown skyline, highlighting a successful real estate services company. CBRE Group, Inc. (NYSE:CBRE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 54 hedge fund portfolios held CBRE Group, Inc. (NYSE:CBRE) at the end of the fourth quarter compared to 49 in the third quarter. While we acknowledge the potential of CBRE Group, Inc. (NYSE:CBRE) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered CBRE Group, Inc. (NYSE:CBRE) and shared Artisan Global Opportunities Fund's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Here's What Supports CBRE Group (CBRE)
Baron Funds, an investment management company, released its 'Baron Real Estate Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q1 2025, stocks were sold due to economic growth slowdown, inflation, and policymaking issues, including Baron Real Estate Fund®, without considering value. The fund declined 6.69% (Institutional Shares) in the quarter compared to a 3.11% decline for the MSCI USA IMI Extended Real Estate Index (the MSCI Real Estate Index) and a 0.76% gain for the MSCI US REIT Index (the REIT Index). In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron Real Estate Fund highlighted stocks such as CBRE Group, Inc. (NYSE:CBRE). CBRE Group, Inc. (NYSE:CBRE) is a commercial real estate services and investment company. The one-month return of CBRE Group, Inc. (NYSE:CBRE) was 9.73%, and its shares gained 40.21% of their value over the last 52 weeks. On May 14, 2025, CBRE Group, Inc. (NYSE:CBRE) stock closed at $129.06 per share with a market capitalization of $38.47 billion. Baron Real Estate Fund stated the following regarding CBRE Group, Inc. (NYSE:CBRE) in its Q1 2025 investor letter: "Leading commercial real estate services companies CBRE Group, Inc. (NYSE:CBRE) and Jones Lang LaSalle Incorporated (JLL) should benefit from structural and secular tailwinds: the outsourcing of commercial real estate, the institutionalization of commercial real estate, and opportunities to increase market share in a highly fragmented market. Looking forward, we believe we are in the early days of a rebound in commercial real estate sales and leasing activity. We believe CBRE and JLL may generate annual earnings per share growth of more than 20% in the next few years." A downtown skyline, highlighting a successful real estate services company. CBRE Group, Inc. (NYSE:CBRE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 54 hedge fund portfolios held CBRE Group, Inc. (NYSE:CBRE) at the end of the fourth quarter compared to 49 in the third quarter. While we acknowledge the potential of CBRE Group, Inc. (NYSE:CBRE) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered CBRE Group, Inc. (NYSE:CBRE) and shared Artisan Global Opportunities Fund's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-03-2025
- Business
- Yahoo
Is CBRE Group, Inc. (CBRE) the Best Real Estate Stock to Buy According to Billionaires?
We recently published a list of . In this article, we are going to take a look at where CBRE Group, Inc. (NYSE:CBRE) stands against other best real estate stocks to buy according to billionaires. In 2025, CBRE Investment Management sees the potential for global listed real estate to outperform broad equities and offer a differentiated total return as compared to the private markets. As per the firm, the listed real estate remains in the early days of a new upcycle, one where long-term yields remain range-bound, earnings continue to accelerate, listed capital market access remains abundant, and valuations can aid continued returns. In 2025, the listed real estate is expected to be characterized by accelerating organic earnings based on improved supply/demand throughout various sectors and access to capital supporting potential acquisitions and upside to estimates, among others. CBRE Investment Management believes that a new cycle for listed real estate kicked off in Q4 2023 with the recognition of a pause in the rate hikes. The absence of hikes is expected to be powerful for listed real estate, even though there isn't a strong fall in target rates themselves. Notably, real estate has performed well during periods of range-bound long-term yields. Over 2001-2007, the US 10-year bonds delivered between ~4% – 5%, and listed real estate managed to generate double-digit average returns. The investment firm also added that strong access to capital of listed real estate, versus more constrained private real estate participants, can be maintained moving forward. READ ALSO: and . CBRE Investment Management sees earnings accelerating into 2025 across the real estate sectors. Globally, it expects 5% earnings growth, which is around double that of 2024 levels. Broad-based strength remains visible, with private-pay senior housing continuing to capitalize on powerful demographics and data center growth accelerating with generative AI. Also, the cell towers continue to gradually recover from customer churn, and retail and net leases have been performing, thanks to supply/demand and their prevailing capital costs. The investment firm opines that the total return opportunity for REITs remains compelling. The listed real estate provides a ~4% dividend yield, which remains competitive versus private real estate income. This dividend continues to grow and is based on the conservative payout level. Amidst moderating central bank target rates as well as range-bound long-term yields, the firm believes that listed real estate is expected to prosper. We used the Finviz stock screener and Insider Monkey's exclusive database of billionaire stock holdings to shortlist the companies catering to the broader real estate sector. We also mentioned the hedge fund sentiment around each stock, as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A downtown skyline, highlighting a successful real estate services company. CBRE Group, Inc. (NYSE:CBRE) operates as a commercial real estate services and investment company. Jefferies upped the company's stock to 'Buy' from 'Hold' with a price objective of $152, up from $133. Notably, the firm has a positive outlook on the commercial real estate services space for 2025. The upgrade is backed by CBRE Group, Inc. (NYSE:CBRE)'s leadership in the outsourcing industry, which is expected to fuel sales growth, with upside from capital markets activities. Elsewhere, Keefe Bruyette upped the price objective to $142 from $138, keeping the 'Market Perform' rating. As per the analyst, heading into 2025, the capital markets' momentum and stabilization of commercial real estate values place the broader commercial real estate finance sector for recovery. Among CBRE Group, Inc. (NYSE:CBRE)'s notable strategic gains are integrating the project management capabilities into Turner & Townsend, its subsidiary, and acquiring the full ownership of Industrious, which is a provider of premium flexible workplace solutions. The company's Building Operations & Experience segment is expected to unify building operations, workplace experience, and property management, placing CBRE Group, Inc. (NYSE:CBRE) to deliver scalable, future-ready solutions for offices, data centers, warehouses, and other facilities. Baron Funds, an investment management company, released its Q4 2024 investor letter. Here is what the fund said: 'Leading commercial real estate services companies CBRE Group, Inc. (NYSE:CBRE) and Jones Lang LaSalle Incorporated (JLL) should benefit from structural and secular tailwinds: the outsourcing of commercial real estate, the institutionalization of commercial real estate, and opportunities to increase market share in a highly fragmented market. Looking forward, we believe we are in the early days of a rebound in commercial real estate sales and leasing activity. We believe CBRE and JLL may generate annual earnings per share growth of more than 20% in the next few years.' Overall, CBRE ranks 3rd on our list of best real estate stocks to buy according to billionaires. While we acknowledge the potential of CBRE as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued AI stock that is more promising than CBRE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at .
Yahoo
20-03-2025
- Business
- Yahoo
CBRE Group, Inc. Provides Recast Historical Financial Information for 2025 Business Segments
DALLAS, March 20, 2025--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE: CBRE) today announced that it has posted on its Investor Relations website certain recast historical financial information, including revenue by business line and operating profit, for the new business segment structure that went into effect on January 1, 2025. As previously announced, CBRE combined its project management business with its Turner & Townsend subsidiary in early January 2025 and will report financial results for a fourth business segment, Project Management, beginning with the first quarter of 2025. Also in early January 2025, CBRE acquired the remaining equity interest in Industrious, a provider of premium flexible workplace solutions, and established a new business segment, Building Operations & Experience, comprised of enterprise and local facilities management and property management, which includes flexible workplace solutions. The company's four business segments, effective January 1, 2025, are (1) Advisory Services; (2) Building Operations & Experience; (3) Project Management; and (4) Real Estate Investments. Recast historical financial information for these segments for the years ended December 2024, 2023, and 2022 can be accessed here. About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world's largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at We routinely post important information on our website, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at Accordingly, investors should monitor such portion of our website, in addition to following our press releases, Securities and Exchange Commission filings and public conference calls and webcasts. Forward-Looking Statements Certain of the statements in this release that do not concern purely historical data are forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our management's expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements and other risks and uncertainties to our business in general, please refer to our SEC filings, including our Form 10-K for the fiscal year ended December 31, 2024 and our most recent quarterly filings on Form 10-Q. Such filings are available publicly and may be obtained from our website at or upon request from the CBRE Investor Relations Department at investorrelations@ View source version on Contacts For further information: Chandni Luthra - Steve Iaco - Sign in to access your portfolio
