Investing.com - CBRE A reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
CBRE A announced earnings per share of $2.19 on revenue of $8.55B. Analysts polled by Investing.com anticipated EPS of $1.78 on revenue of $8.16B.
CBRE A shares are down 11% from the beginning of the year and are trading at $96.05 , down-from-52-week-high.They are broadly in line with the S&P 500 which is down 11.34% from the start of the year.
CBRE A follows other major Real Estate sector earnings this month
CBRE A's report follows an earnings beat by Crown Castle on January 26, who reported EPS of $0.81 on revenue of $1.65B, compared to forecasts EPS of $0.7708 on revenue of $1.63B.
Public Storage had beat expectations on Tuesday with fourth quarter EPS of $3.17 on revenue of $924.32M, compared to forecast for EPS of $2.18 on revenue of $913.22M.
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