Companies · CBRE
CBRE Group
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Latest analysis
Updated Nov 5, 2026
CBRE raises $1B in senior notes for Onnec acquisition and debt refinancing.
CBRE completed a $1 billion senior notes offering on November 5, 2026, issuing $500 million of 5.650% notes due 2032 and $500 million of 5.900% notes due 2037. The company intends to use proceeds for general corporate purposes, including repayment of commercial paper borrowings and funding of its pending acquisition of Onnec Group Limited. The transaction signals management's confidence in capital availability and willingness to deploy leverage to fund near-term M&A.
Tone: neutralRevenue
$40.6B
CBRE 10-K · FY 2025
Employees
155,000
Revenue growth YoY
+13.4%
Headquarters
Dallas, TX
Profile
CBRE 10-K Item 1 · Feb 12, 2026CBRE Group is the world's largest commercial real estate services and investment firm by 2025 revenue, operating across more than 100 countries. The company serves institutional investors and large corporate occupiers through four segments: Advisory Services, Building Operations & Experience, Project Management, and Real Estate Investments. Its model combines transaction-based revenue with a growing base of resilient, recurring revenue from facilities management, project management, and investment management.
Read filing description ↓ Collapse description ↑
CBRE is the world's largest commercial real estate services and investments firm (based on 2025 revenue). We derive competitive advantage from our considerable scale and ability to offer integrated solutions for real estate investors and occupiers in more than 100 countries. We are global market leaders in most of our business lines and drive significant growth by helping clients optimize real estate costs, value, investment returns and workplace experiences. These capabilities, combined with our extensive knowledge platform (research, data, strategy, etc.), allow us to generate superior outcomes for our clients, which included nearly 90% of Fortune 100 companies and many of the world's largest institutional real estate investors in 2025. Our growth opportunity is enhanced by the large and expanding total addressable market for our services. We are focused on cementing our leadership position in each of our businesses with a strategy that achieves growth across four dimensions of our business: geographies, clients, property types and services. We are committed to deploying our resources and capital in parts of our business that benefit from secular tailwinds and/or are cyclically resilient across these four dimensions. We serve clients and report our financial results through four business segments: Advisory Services, Building Operations & Experience, Project Management and Real Estate Investments. We also report results for a Corporate and other segment, which encompasses our platform and non-core investments.
Primary products
- Leasing
- Capital markets (property sales and mortgage origination)
- Loan servicing
- Valuation
- Enterprise facilities management
- Local facilities management
Business segments
End markets
Geographies
Named customers
Named competitors
“Although we are the largest commercial real estate services firm in the world in terms of 2025 revenue, our relative competitive position varies across geographies, property types and services and business lines.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenue increased 13.4% year-over-year, with double-digit growth across Advisory Services, Building Operations & Experience, and Project Management segments, partially offset by a decline in Real Estate Investments segment revenue.
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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.