CBRE GROUP, INC. (CBRE) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that CBRE GROUP, INC. surfaced in its latest filing.

• In 2023 and early 2024, commercial real estate capital markets were under significant pressure, causing a sustained slowdown in property sales and debt financing activity2023-2024
• In 2023, central banks around the world raised interest rates to rein in inflation, reducing credit availability2023
• Central banks began cutting interest rates in 2024, but rates remain above recent norms2024
• Approximately 43.6% of revenue was transacted in foreign currencies during 20252025
• A net co-investment of approximately $375 million and $216 million in committed future co-investments in investment funds as of December 31, 2025, with up to $70 million expected to be funded during 2026December 31, 2025
• As of December 31, 2025, involvement as principal in 47 consolidated real estate projects with invested equity of $1.0 billion and co-investment in approximately 128 unconsolidated real estate projects with a net investment of $397 millionDecember 31, 2025
• Committed but unfunded capital of $226 million to consolidated projects and $56 million to unconsolidated projects as of December 31, 2025December 31, 2025
• As of December 31, 2025, total debt excluding non-recourse notes payable and warehouse lines of credit was $6.0 billionDecember 31, 2025
• Interest expense for the year ended December 31, 2025 was $490 millionDecember 31, 2025
• To date, the company has not experienced any material cybersecurity breaches, individually or in the aggregate
• Telford Homes faces U.K. fire-safety remediation obligations for constructed buildings with uncertain aggregate costs