CBRE Group, Inc. (CBG) reported that its second-quarter GAAP net income totaled $75.9 million, or $0.23 per share, up from $61.2 million, or $0.19 per share in the year ago quarter.
Excluding charges, net income totaled $88.0 million, or $0.27 per share, up from $67.0 million, or $0.21 per share, in the second quarter of 2011. Analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share for the quarter. Analysts' estimates typically exclude special items.
Selected charges, which primarily related to the ING REIM businesses acquired in 2011, totaled $12.1 million and $5.8 million for the three months ended June 30, 2012 and 2011, respectively.
Revenue for the quarter totaled $1.6 billion, an increase of 13% from $1.4 billion in the second quarter of 2011. Five analysts had consensus revenue estimate of $1.57 billion for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.