Earnings Call Summary | CBRE Group(CBRE.US) Q1 2024 Earnings Conference
Earnings Call Summary | CBRE Group(CBRE.US) Q1 2024 Earnings Conference
The following is a summary of the CBRE Group, Inc. (CBRE) Q1 2024 Earnings Call Transcript:
以下是世邦魏理仕集團（CBRE）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
CBRE reported a robust quarter with strong office leasing growth worldwide, even with underperformance in property sales transaction activity due to higher interest rates.
CBRE's Global Workplace Solutions (GWS) segment reported double-digit net revenue growth, but margins fell short of expectations due to rising costs.
The company is bullish about generating core earnings per share in the range of $4.25 to $4.65 due to the strong performance of its operations and swift cost reduction measures.
Core EBITDA performance was in line with expectations as some outperformance in REI and lower corporate costs offset margin underperformance in GWS.
Advisory net revenue rose 3% despite a deteriorating interest rate outlook, bolstered by transactional revenue growth and growth from business lines except property sales.
By the end of Q1, CBRE had commitments for almost $900 million of expected net revenue growth.
世邦魏理仕報告稱，本季度表現強勁，全球辦公租賃增長強勁，儘管由於利率上升，房地產銷售交易活動表現不佳。
世邦魏理仕的全球工作場所解決方案（GWS）板塊報告了兩位數的淨收入增長，但由於成本上漲，利潤率低於預期。
由於其強勁的運營表現和迅速的成本削減措施，該公司看好每股核心收益在4.25美元至4.65美元之間。
核心息稅折舊攤銷前利潤表現符合預期，因爲房地產投資指數的部分表現跑贏大盤和較低的企業成本抵消了GWS的利潤不佳表現。
儘管利率前景惡化，但諮詢淨收入增長了3％，這得益於交易收入增長和除房地產銷售以外的業務領域的增長。
到第一季度末，世邦魏理仕承諾實現近9億美元的預期淨收入增長。
Business Progress:
業務進展：
The company is redesigning the GWS business' cost structure to quickly eliminate unnecessary costs, expecting challenges to be mitigated by the end of the year.
Actions have been initiated to align the cost growth in GWS with its revenue trajectory, including consolidating advisory and GWS under COO, Vikram Kohli.
CBRE emphasizes growth opportunities in infrastructure investment management and commercial mortgage.
CBRE foresees real estate investment leading growth over the coming years due to its current cyclical low point.
The company plans to keep corporate costs low, expecting the majority of full-year earnings in the second half due to anticipated GWS revenue and cost reductions, and slight recovery of property sales and development businesses later in the year.
The company hasn't noticed a decrease in the demand for office space among GWS clients. Industrial leasing trends are mixed, with volatility observed in coastal markets, but major occupiers are reentering the market aggressively, prompting slight growth expectations this year.
CBRE will focus on growth opportunities with enterprise FM customers, corporate project management, green energy, and infrastructure.
該公司正在重新設計GWS業務的成本結構，以迅速消除不必要的成本，預計挑戰將在今年年底之前得到緩解。
已經開始採取行動，使GWS的成本增長與其收入軌跡保持一致，包括合併首席運營官維克拉姆·科利領導下的諮詢和GWS。
世邦魏理仕強調基礎設施投資管理和商業抵押貸款的增長機會。
世邦魏理仕預計，由於目前處於週期性低點，未來幾年房地產投資將引領增長。
該公司計劃將公司成本保持在較低水平，預計全年收益的大部分將在下半年出現，這要歸因於GWS預計的收入和成本下降，以及房地產銷售和開發業務將在今年晚些時候略有恢復。
該公司沒有注意到GWS客戶對辦公空間的需求減少。工業租賃趨勢好壞參半，沿海市場出現波動，但主要租戶正在積極重新進入市場，這促使人們對今年的增長預期略有上升。
世邦魏理仕將專注於企業FM客戶、企業項目管理、綠色能源和基礎設施的增長機會。
More details: CBRE Group IR
更多詳情： 世邦魏理仕集團投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。