CBRE Group Inc Class A
CBRE: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$86.00 | Mxnqg | Xdpqxzzy |
CBRE Reports Solid Second-Quarter Results, but Tougher Macroeconomic Environment Will Weigh
Narrow-moat CBRE posted solid second-quarter results, but rising interest rates and a slowing economy are major headwinds for the company in the medium term. We expect real estate transactional volume to slow in the upcoming quarters due to a slowing macroeconomic environment, resulting in a material impact on the company’s brokerage business. Management also expects investment sales, and to a lesser degree leasing, to decline in the back half of the year against the elevated levels of 2021.