Colliers International Group Inc. (CIGI) Q3 2024 Earnings Call Transcript
- Colliers International Group Inc. (NASDAQ:CIGI ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Jay Hennick - Global Chairman and CEO Christian Mayer - CFO Chris McLernon - CEO, Real Estate Services Conference Call Participants Stephen Sheldon - William Blair Jimmy Shan - RBC Capital Markets Himanshu Gupta - Scotia Capital Daryl Young - Stifel Frederic Bastien - Raymond James Operator Welcome to the Colliers International Third Quarter Investors Conference Call. Today's call is being recorded.
- 11/05/2024
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Colliers International (CIGI) Lags Q3 Earnings Estimates
- Colliers International (CIGI) came out with quarterly earnings of $1.32 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.19 per share a year ago.
- 11/05/2024
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Colliers Reports Third Quarter Results
- Solid growth across all service lines and segments Re-aligned operating segments to better reflect value and growth Third quarter and year to date operating highlights: Three months ended Nine months ended September 30 September 30 (in millions of US$, except EPS) 2024 2023 2024 2023 Revenues $ 1,179.1 $ 1,056.0 $ 3,320.4 $ 3,100.0 Adjusted EBITDA (note 1) 154.6 144.9 419.0 396.6 Adjusted EPS (note 2) 1.32 1.19 3.46 3.36 GAAP operating earnings 109.7 70.9 267.8 168.3 GAAP diluted net earnings (loss) per share 0.73 0.53 1.73 (0.04 ) TORONTO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers” or the “Company”) today announced operating and financial results for the third quarter ended September 30, 2024. All amounts are in US dollars.
- 11/05/2024
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Colliers International (CIGI) Earnings Expected to Grow: Should You Buy?
- Colliers International (CIGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/29/2024
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Colliers International (CIGI) Moves 4.8% Higher: Will This Strength Last?
- Colliers International (CIGI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
- 10/25/2024
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Colliers adds leading Australian engineering firm
- TORONTO and SYDNEY, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Global diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today that Colliers Engineering & Design Australia (“Colliers Engineering”) has acquired TTM Group Pty Limited (“TTM”), a leading transportation engineering consultancy headquartered in Brisbane, Queensland. The addition will augment Colliers Engineering's overall scale and add new traffic and transportation capabilities across Queensland, New South Wales, and Victoria.
- 10/08/2024
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Colliers to announce third quarter results on November 5, 2024
- TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX & NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that results for the third quarter ended September 30, 2024, will be issued by press release on November 5, 2024, at approximately 7:00am ET.
- 10/07/2024
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Colliers expands engineering offering in Canada
- TORONTO and OTTAWA, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Global diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today that its Canadian engineering platform, Englobe Corporation (“Englobe”), has acquired Goodkey, Weedmark & Associates Limited (“GWAL”), a leading building engineering consulting firm in Ontario. The addition will strengthen Englobe's scale and service capabilities in Canada's largest market.
- 10/02/2024
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Colliers extends contract with Global Chairman & CEO
- Largest shareholder to propel growth and maximize shareholder value through 2029 Largest shareholder to propel growth and maximize shareholder value through 2029
- 10/01/2024
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All You Need to Know About Colliers International (CIGI) Rating Upgrade to Buy
- Colliers International (CIGI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
- 09/16/2024
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Colliers to acquire leading Western Australian engineering firm
- Acquisition expands geographic presence, scale and service capabilities Acquisition expands geographic presence, scale and service capabilities
- 09/03/2024
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Colliers: Look Beyond Headline Miss And Focus On Acquisition
- I continue to rate CIGI stock as a Buy, investors' focus should be on the company's inorganic growth initiative rather than its headline earnings miss. Colliers International's Q2 2024 headline EPS miss is attributable to foreign exchange effects, and its other key metrics revenue and EBITDA were above expectations. CIGI's latest M&A deal improves the company's earnings quality and boosts its growth outlook for full-year FY 2024.
- 08/04/2024
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Colliers International Group Inc. (CIGI) Q2 2024 Earnings Call Transcript
- Colliers International Group Inc. (NASDAQ:CIGI ) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Christian Mayer – CFO Chris McLernon – CEO, Real Estate Services Jay Hennick – Global Chairman and CEO Conference Call Participants Stephen MacLeod - BMO Capital Markets Stephen Sheldon - William Blair Khing Shan - RBC Capital Markets Himanshu Gupta - Scotiabank Frederic Bastien - Raymond James Daryl Young - Stifel Nicolaus Operator Welcome to the Colliers International Second Quarter Investors Conference Call. Legal Counsel requires us to advise that the discussion scheduled to take place today may contain forward-looking statements that involve known and unknown risks and uncertainties.
- 08/03/2024
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Colliers International (CIGI) Q2 Earnings Lag Estimates
- Colliers International (CIGI) came out with quarterly earnings of $1.36 per share, missing the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.31 per share a year ago.
- 08/01/2024
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Colliers Reports Solid Second Quarter Results
- Growth across all service lines and segments Second quarter and year to date operating highlights: Three months ended Six months ended June 30 June 30 (in millions of US$, except EPS) 2024 2023 2024 2023 Revenues $ 1,139.4 $ 1,078.0 $ 2,141.3 $ 2,043.9 Adjusted EBITDA (note 1) 155.6 147.1 264.3 251.7 Adjusted EPS (note 2) 1.36 1.31 2.13 2.16 GAAP operating earnings 114.7 75.3 158.1 97.4 GAAP diluted net earnings (loss) per share 0.73 (0.16 ) 0.99 (0.61 ) TORONTO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers” or the “Company”) today announced operating and financial results for the second quarter ended June 30, 2024. All amounts are in US dollars.
- 08/01/2024
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Colliers Completes Acquisition of Englobe
- TORONTO and LAVAL, Quebec, July 30, 2024 (GLOBE NEWSWIRE) -- Global diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today it has completed its previously announced acquisition of a controlling interest of Englobe Corporation (“Englobe”), a leading Canadian multi-discipline engineering, environmental and inspection services firm. The acquisition represents Colliers' entry into the attractive Canadian engineering marketplace and enhances our capabilities in our growing Engineering division.
- 07/30/2024
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Colliers to announce second quarter results on August 1, 2024
- TORONTO, July 11, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX & NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that results for the second quarter ended June 30, 2024, will be issued by press release on August 1, 2024, at approximately 7:00am ET.
- 07/11/2024
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Colliers agrees partnership in Switzerland to strengthen European presence
- LONDON and ZURICH, July 10, 2024 (GLOBE NEWSWIRE) -- Colliers, a leading diversified professional services and investment management company, is set to fortify its European presence through a partnership agreement with SPGI Zurich AG. This strategic alignment will see the Switzerland-based commercial property advisor join Colliers' expansive EMEA platform as an affiliate.
- 07/10/2024
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3 Commercial Real Estate Stocks to Buy Before the Comeback
- In February, “longtime investor” Sonny Kalsi told Barron's that the commercial real estate sector would make a comeback in 2025. The publication noted that Kalsi, who co-manages an investment division of Canadian insurer Sun Life called BGO, handles about $80 billion of commercial real estate investments.
- 06/27/2024
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Wall Street Favorites: 3 REITs With Strong Buy Ratings for June 2024
- If you're looking for a list of REITs with strong buy analyst ratings in June, you've come to the right place. This article explores several real estate investment trusts (REITs) that are attractively priced given the current economic environment of falling interest rates.
- 06/18/2024
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Bullish Bets: 3 Stocks Getting the Green Light From Wall Street
- Wall Street analysts have recently greenlit several stocks to buy. Despite their mixed reputation, the truth is that not everyone can accurately predict bearish or bullish bets.
- 06/14/2024
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DIAMONDHEAD CASINO CORPORATION RETAINS COLLIERS TO ASSIST WITH MARKETING AND FINANCING
- ALEXANDRIA, Va. , June 13, 2024 /PRNewswire/ -- Diamondhead Casino Corporation (OTCBB: DHCC) (the "Company") is pleased to announce that it has retained Colliers to assist the Company in marketing and financing the development of its Diamondhead, Mississippi Property and/or to sell all or part of the Diamondhead Property.
- 06/13/2024
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CEO of UK & Ireland announces decision to retire from role in 2025
- LONDON, June 11, 2024 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management company Colliers (NASDAQ and TSX: CIGI) today announced Tony Horrell, CEO of United Kingdom and Ireland, has decided to retire from his role as CEO in 2025. Tony's decision follows his 42-year career in real estate as a capital markets expert and business leader.
- 06/11/2024
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Colliers releases 2023 Global Sustainability Report
- Report highlights progress on environment, inclusiveness and health & wellbeing commitments Report highlights progress on environment, inclusiveness and health & wellbeing commitments
- 06/04/2024
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Colliers to Acquire Leading Canadian Engineering Firm Englobe
- TORONTO and LAVAL, June 03, 2024 (GLOBE NEWSWIRE) -- Global diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today it has entered into a definitive agreement to acquire Englobe Corporation (“Englobe”), a leading Canadian multi-discipline engineering, environmental and inspection services firm. Englobe's senior leadership team and employee shareholders will remain shareholders in the business under Colliers' unique partnership model.
- 06/03/2024
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Colliers declares semi-annual dividend
- TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX and NASDAQ: CIGI) ("Colliers") announced today that its Board of Directors has declared a semi-annual cash dividend on the outstanding Subordinate Voting Shares and Multiple Voting Shares (together, the "Common Shares") of US$0.15 per Common Share. This dividend is in accordance with the dividend policy of Colliers. The dividend is payable on July 12, 2024 to holders of Common Shares of record at the close of business on June 28, 2024. The dividend is an "eligible dividend" for Canadian income tax purposes.
- 05/14/2024
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Colliers International Group Inc. (CIGI) Q1 2024 Earnings Call Transcript
- Colliers International Group Inc. (NASDAQ:CIGI ) Q1 2024 Results Conference Call May 2, 2024 11:00 AM ET Company Participants Jay Hennick - Global Chairman and Chief Executive Officer Chris McLernon - Chief Executive Officer, Real Estate Services Christian Mayer - Chief Financial Officer Conference Call Participants Stephen MacLeod - BMO Capital Markets Daryl Young - Stifel Stephen Sheldon - William Blair Himanshu Gupta - Scotiabank Jimmy Shan - RBC Frederic Bastien - Raymond James Operator Welcome to the Colliers International First Quarter Investors Conference Call. Today's call is being recorded.
- 05/04/2024
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Colliers Reports First Quarter Results
- Continued growth and resiliency from highly diversified recurring services First quarter operating highlights: Three months ended March 31 (in millions of US$, except EPS) 2024 2023 Revenues $ 1,002.0 $ 965.9 Adjusted EBITDA (note 1) 108.7 104.6 Adjusted EPS (note 2) 0.77 0.86 GAAP operating earnings 43.3 22.1 GAAP diluted net earnings (loss) per share 0.26 (0.47 ) TORONTO, May 02, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers” or the “Company”) today announced operating and financial results for the first quarter ended March 31, 2024. All amounts are in US dollars.
- 05/02/2024
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Colliers International (CIGI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Colliers International (CIGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/25/2024
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4 Stock Picks to Play a Commercial-Real-Estate Bottom, Says Analyst
- William Blair suggests buying shares of CBRE Group, Jones Lang LaSalle, Colliers International, and Cushman & Wakefield, which service commercial properties.
- 04/17/2024
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Colliers adds market leader in Philadelphia
- Acquisition strengthens Colliers' key U.S. Northeast and Mid-Atlantic Regions Acquisition strengthens Colliers' key U.S. Northeast and Mid-Atlantic Regions
- 04/10/2024
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Colliers Announces Voting Results
- TORONTO, April 02, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX: CIGI; NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that at its annual and special meeting of shareholders held virtually on April 2, 2024, the ten director nominees listed in Colliers' management information circular dated February 15, 2024 (the “Circular”) were elected as directors of Colliers. Directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote are set out below.
- 04/02/2024
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Colliers announces upcoming meeting and reporting dates
- TORONTO, March 20, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX & NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that its Annual and Special Meeting of Shareholders will be held virtually on April 2, 2024 at 11:00am ET.
- 03/20/2024
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Colliers International Group Inc. Completes US$300 Million Bought Deal Public Offering of Equity
- TORONTO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX and NASDAQ: CIGI) (“Colliers” or the “Company”) is pleased to report that it has closed its previously announced bought deal public offering of 2,479,500 subordinate voting shares (the “Subordinate Voting Shares”), at a price of US$121.00 per Subordinate Voting Share for gross proceeds of US$300.0 million (the “Offering”) with a syndicate of underwriters led by BMO Capital Markets and J.P. Morgan as joint bookrunners, and including Mizuho, National Bank Financial, RBC Capital Markets, Scotiabank, Merrill Lynch, BTIG, LLC, CIBC Capital Markets, Goldman Sachs, Raymond James, TD Securities, Wells Fargo and Stifel Nicolaus (the “Underwriters”). Colliers has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any.
- 02/28/2024
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Colliers International Group Inc. Announces US$300 Million Bought Deal Public Offering of Equity
- TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX and NASDAQ: CIGI) (“Colliers” or the “Company”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and J.P. Morgan, under which the underwriters have agreed to buy on a “bought deal” basis 2,479,500 subordinate voting shares (the “Subordinate Voting Shares”), at a price of US$121.00 per Subordinate Voting Share for gross proceeds of approximately US$300 million (the “Offering”). Colliers has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about February 28, 2024.
- 02/22/2024
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Colliers recognized among best professional services firms by IAOP
- TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management company Colliers (NASDAQ and TSX: CIGI) has been named to the 2024 Global Outsourcing 100® list by the International Association of Outsourcing Professionals (IAOP). This marks Colliers' 18th consecutive year of being recognized as one of the world's best outsourcing service providers.
- 02/22/2024
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Colliers International: Turnaround Isn't Fully Priced In Yet
- CIGI's recent fourth quarter top line and bottom line exceeded the sell side's expectations by +1.9% and +3.5%, respectively. The company sees its revenue and earnings expanding by +7.5% and +15.0% (mid-point of guidance), respectively in the current year which indicates that a turnaround is in sight. I think that Colliers International's shares are undervalued and deserving of a Buy rating based on a comparison of its EV/EBIT multiple and its expected EBIT growth.
- 02/12/2024
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Colliers International Group Inc. (CIGI) Q4 2023 Earnings Call Transcript
- Colliers International Group Inc. (CIGI) Q4 2023 Earnings Call Transcript
- 02/08/2024
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Colliers International (CIGI) Q4 Earnings and Revenues Surpass Estimates
- Colliers International (CIGI) came out with quarterly earnings of $2 per share, beating the Zacks Consensus Estimate of $1.92 per share. This compares to earnings of $2.31 per share a year ago.
- 02/08/2024
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Colliers Reports Fourth Quarter Results
- Robust revenue growth continues in high-value recurring services Fourth quarter and full year operating highlights: Three months ended Twelve months ended December 31 December 31 (in millions of US$, except EPS) 2023 2022 2023 2022 Revenues $ 1,235.2 $ 1,222.4 $ 4,335.1 $ 4,459.5 Adjusted EBITDA (note 1) 198.4 202.7 595.0 630.5 Adjusted EPS (note 2) 2.00 2.31 5.35 6.99 GAAP operating earnings 132.6 103.8 300.9 332.5 GAAP diluted net earnings per share 1.42 0.51 1.41 1.05 TORONTO, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers” or the “Company”) today announced operating and financial results for the fourth quarter and year ended December 31, 2023. All amounts are in US dollars.
- 02/08/2024
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Analysts Estimate Colliers International (CIGI) to Report a Decline in Earnings: What to Look Out for
- Colliers International (CIGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/01/2024
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Colliers to announce fourth quarter and full year results on February 8, 2024
- TORONTO, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX & NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that results for the fourth quarter and full year ended December 31, 2023 will be issued by press release on February 8, 2024 at approximately 7:00am ET.
- 01/11/2024
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Hennick & Company Acquires Generational Real Estate in Manhattan
- TORONTO, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Hennick & Company, Inc. (“Hennick&Co”), a private investment firm founded by the Hennick Family, announced today that it has acquired the Bridge Tower Place Retail located at 401 East 60th Street, a significant real estate asset in Manhattan, New York for USD $153 million (the “Property”). The Hennick Family is the founding and largest shareholder of two public companies, Colliers International Group Inc. (NASAQ: CIGI) and FirstService Corporation (NASAQ: FSV).
- 01/11/2024
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New Strong Sell Stocks for December 11th
- DG, BDX and CIGI have been added to the Zacks Rank #5 (Strong Sell) List on December 11, 2023.
- 12/11/2023
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Colliers joins the World Green Building Council's Net Zero Carbon Buildings Commitment
- Advancing sustainability efforts by targeting whole life carbon and use of 100% renewable energy in own operations Advancing sustainability efforts by targeting whole life carbon and use of 100% renewable energy in own operations
- 12/07/2023
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Corporate Confidence: 3 Canadian Stocks on a Buyback Spree
- I read a recent Seeking Alpha article about Cenovus (NYSE: CVE ), easily one of Canada's best energy producers. The author's focus on CVE's buyback propensity had me thinking about other Canadian stocks making big share repurchases in 2023.
- 11/14/2023
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Colliers International Group Inc. (CIGI) Q3 2023 Earnings Call Transcript
- Colliers International Group Inc. (NASDAQ:CIGI ) Q3 2023 Earnings Conference Call November 2, 2023 11:00 AM ET Company Participants Jay Hennick - Global Chairman & Chief Executive Officer Chris McLernon - Chief Executive Officer, Real Estate Services Christian Mayer - Chief Financial Officer Conference Call Participants Michael Doumet - Scotiabank Stephen Sheldon - William Blair Stephen MacLeod - BMO Capital Markets Frederic Bastien - Raymond James Jimmy Shan - RBC Capital Markets Andrew Rosivach - Wolfe Research Maxim Sytchev - National Bank Financial Operator Welcome to the Colliers International Third Quarter Investor Conference Call. Today's call is being recorded.
- 11/05/2023
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Colliers International (CIGI) Misses Q3 Earnings and Revenue Estimates
- Colliers International (CIGI) came out with quarterly earnings of $1.19 per share, missing the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.41 per share a year ago.
- 11/02/2023
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Colliers International (CIGI) Reports Next Week: Wall Street Expects Earnings Growth
- Colliers International (CIGI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/26/2023
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3 Real Estate Operations Stocks to Consider Despite Industry Woes
- Despite limited credit availability, higher debt costs and a cautious market, Zacks Real Estate Operations industry players, including FSV, CIGI and KW, are in focus due to the growing trend of outsourcing real estate services, increased tech investments and other emerging industry trends.
- 10/18/2023
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Down -16.61% in 4 Weeks, Here's Why You Should You Buy the Dip in Colliers International (CIGI)
- Colliers International (CIGI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
- 10/13/2023
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Down -14.93% in 4 Weeks, Here's Why You Should You Buy the Dip in Colliers International (CIGI)
- The heavy selling pressure might have exhausted for Colliers International (CIGI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
- 10/12/2023
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Colliers to Announce Third Quarter Results on November 2, 2023
- TORONTO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX & NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that results for the third quarter ended September 30, 2023 will be issued by press release on November 2, 2023 at approximately 7:00am ET.
- 10/11/2023
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Colliers International Group Inc. (CIGI) Q2 2023 Earnings Call Transcript
- Colliers International Group Inc. (NASDAQ:CIGI ) Q2 2023 Earnings Call Transcript August 2, 2023 11:00 AM ET Company Participants Jay Hennick - Global Chairman & CEO Chris McLernon - CEO, Real Estate Services Christian Mayer - CFO Conference Call Participants Steve MacLeod - BMO Capital Markets Stephen Sheldon - William Blair Frederic Bastien - Raymond James Jimmy Shan - RBC Capital Markets Maxim Sytchev - National Bank Financial Operator Welcome to the Colliers International Second Quarter Investors Conference Call. Today's call is being recorded.
- 08/02/2023
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Colliers to Announce Second Quarter Results on August 2, 2023
- TORONTO, July 12, 2023 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX & NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that results for the second quarter ended June 30, 2023 will be issued by press release on August 2, 2023 at approximately 7:00am ET.
- 07/12/2023
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3 Value Plays the Oakmark International Small Cap Fund Is Buying
- The Oakmark Intl Small Cap (Trades, Portfolio) Fund recently disclosed its portfolio updates on its website for the fiscal quarter ended March 31. The company's fiscal year ends on Sept.
- 06/20/2023
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Montana Bans TikTok. What's Next?
- And we've got a look at what's going on with Bath & Body Works.
- 05/22/2023
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Colliers International: Margins Could Come In Better Than Expected
- The decline in margins, particularly in Europe, was more severe than expected and led to a drop in the share price, in my opinion. Despite weak 1Q23 results, management's revised guidance suggests a positive revenue performance for the rest of FY23. If the macro environment stabilizes, growth could exceed expectations, in my opinion.
- 05/17/2023
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Colliers International (CIGI) Q1 Earnings Lag Estimates
- Colliers International (CIGI) came out with quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.44 per share a year ago.
- 05/02/2023
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Wall Street Analysts See a 46.03% Upside in Colliers International (CIGI): Can the Stock Really Move This High?
- The consensus price target hints at a 46% upside potential for Colliers International (CIGI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 04/18/2023
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Colliers International (CIGI) Surges 4.2%: Is This an Indication of Further Gains?
- Colliers International (CIGI) witnessed a jump in share price last session on above-average trading volume.
- 03/15/2023
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3 Real Estate Operations Stocks Poised to Escape Industry Woes
- Despite reduced credit availability, more expensive debt and a cautious stance amid rising interest rates and inflation, Zacks Real Estate Operations industry stocks like CBRE, FSV and CIGI are in focus as outsourcing of real estate needs, tech investments and other trends gain pace.
- 03/10/2023
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Colliers International Group, Inc. (CIGI) Q4 2022 Earnings Call Transcript
- Colliers International Group, Inc. (NASDAQ:CIGI ) Q4 2022 Earnings Conference Call February 9, 2023 11:00 AM ET Company Participants Jay Hennick - Chairman & CEO Christian Mayer - CFO Conference Call Participants Michael Doumet - Scotia Capital Stephen Sheldon - William Blair and Company Stephen MacLeod - BMO Capital Daryl Young - TD Securities Chandni Luthra - Goldman Sachs Frederic Bastien - Raymond James Operator Welcome to the Colliers International Fourth Quarter Investors Conference Call. Today's call is being recorded.
- 02/09/2023
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Colliers to announce fourth quarter and full year results on February 9, 2023
- TORONTO, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers” or the “Company”) today announced that results for the fourth quarter and full year ended December 31, 2022 will be issued by press release on February 9, 2023 at approximately 7:00am ET.
- 01/18/2023
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Warehouse leasing forecast to fall as much as 15% in 2023
- U.S. industrial and logistics leasing activity will decline by 10% to 15% in 2023, though for the 13th consecutive year more industrial square footage will be absorbed than will be vacated, real estate services firm CBRE Group Inc. said Thursday. Industrial vacancy rates, already at historic lows, will increase just slightly next year, CBRE said.
- 12/15/2022
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Colliers International Group, Inc. (CIGI) Q3 2022 Earnings Call Transcript
- Colliers International Group, Inc. (NASDAQ:CIGI ) Q3 2022 Earnings Conference Call November 1, 2022 11:00 AM ET Company Participants Jay Hennick - Global Chairman & CEO Christian Mayer - CFO Conference Call Participants Chandni Luthra - Goldman Sachs Michael Doumet - Scotiabank Stephen Sheldon - William Blair Stephen MacLeod - BMO Capital Markets Daryl Young - TD Securities Frederic Bastien - Raymond James Operator Good day, and thank you for standing by. Welcome to the Colliers International's Group Third Quarter 2022 Investor Conference Call.
- 11/01/2022
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Colliers International (CIGI) Q3 Earnings Miss Estimates
- Colliers International (CIGI) delivered earnings and revenue surprises of -16.07% and 2.27%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 11/01/2022
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Colliers to announce third quarter results on November 1, 2022
- TORONTO, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX: CIGI; NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that results for the third quarter ended September 30, 2022 will be issued by press release on November 1, 2022 at approximately 7:00am ET.
- 10/17/2022
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3 Real Estate Operations Stocks Set to Escape Industry Blues
- Despite the cautious stance of clients due to rising interest rates and inflation, the Zacks Real Estate Operations industry stocks like CBRE, FSV and CIGI are in focus as outsourcing of real estate needs and some other trends gain momentum.
- 09/01/2022
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Colliers International Group, Inc. (CIGI) CEO Jay Hennick on Q2 2022 Results - Earnings Call Transcript
- Colliers International Group, Inc. (NASDAQ:CIGI ) Q2 2022 Results Earnings Conference Call August 3, 2022 11:00 AM ET Company Participants Jay Hennick - Global Chairman and Chief Executive Officer Christian Mayer - Chief Financial Officer Conference Call Participants George Doumet - Scotia Capital Scott Fromson - CIBC Capital Markets Stephen MacLeod - BMO Capital Markets Chandni Luthra - Goldman Sachs Patrick McIlwee - William Blair & Co. Daryl Young - TD Securities Inc. Frederic Bastien - Raymond James Ltd. Operator Welcome to Colliers International Second Quarter Investors Conference Call.
- 08/06/2022
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Colliers International (CIGI) Beats Q2 Earnings and Revenue Estimates
- Colliers International (CIGI) delivered earnings and revenue surprises of 6.98% and 7.98%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 08/03/2022
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Colliers to Announce Second Quarter Results on August 3, 2022
- TORONTO, July 15, 2022 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX: CIGI; NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that results for the second quarter ended June 30, 2022 will be issued by press release on August 3, 2022 at approximately 7:00am ET.
- 07/15/2022
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Chicago industrial real estate vacancy rate falls to record low
- The country's hottest industrial real estate market got hotter in the first quarter of 2022, fueled in part by eye-popping data from one of its submarkets. Chicago's first-quarter industrial vacancy rate fell to 4.9%, the lowest vacancy rate ever recorded in the market, according to a report published Tuesday by real estate advisory Colliers International Group Inc. (NASDAQ: CIGI).
- 05/04/2022
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Colliers International Group, Inc. (CIGI) CEO Jay Hennick on Q1 2022 Results - Earnings Call Transcript
- Colliers International Group, Inc. (NASDAQ:CIGI ) Q1 2022 Earnings Conference Call May 3, 2022 11:00 AM ET Company Participants Jay Hennick - Global Chairman & CEO Christian Mayer - CFO Conference Call Participants Stephen Sheldon - William Blair & Company George Doumet - Scotiabank Stephen MacLeod - BMO Capital Markets Scott Fromson - CIBC Daryl Young - TD Securities Frederic Bastien - Raymond James Chandni Luthra - Goldman Sachs Group Maxim Sytchev - National Bank Financial Operator Welcome to the Colliers International First Quarter Investors Conference Call. Today's call is being recorded.
- 05/03/2022
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Down 12.7% in 4 Weeks, Here's Why You Should You Buy the Dip in Colliers International (CIGI)
- The heavy selling pressure might have exhausted for Colliers International (CIGI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
- 03/03/2022
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Colliers International Group Inc. (CIGI) CEO Jay Hennick on Q4 2021 Results - Earnings Call Transcript
- Colliers International Group Inc. (CIGI) CEO Jay Hennick on Q4 2021 Results - Earnings Call Transcript
- 02/10/2022
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Can Colliers International (CIGI) Keep the Earnings Surprise Streak Alive?
- Colliers International (CIGI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/26/2022
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Colliers International Group Inc. to Announce Fourth Quarter and Annual Results for 2021 on February 10, 2022
- TORONTO, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX: CIGI; NASDAQ: CIGI) (“Colliers” or the “Company”) announced today that results for the fourth quarter and full year ended December 31, 2021 will be issued by press release on February 10, 2022 at approximately 7:00am ET.
- 01/19/2022
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Colliers International Group Inc. (CIGI) CEO Jay Hennick on Q3 2021 Results - Earnings Call Transcript.
- Colliers International Group Inc. (CIGI) CEO Jay Hennick on Q3 2021 Results - Earnings Call Transcript.
- 11/02/2021
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Colliers International (CIGI) Q3 Earnings and Revenues Surpass Estimates
- Colliers International (CIGI) delivered earnings and revenue surprises of 19.81% and 28.65%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 11/02/2021
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Colliers International Group Inc. to Announce Third Quarter Results on November 2, 2021
- TORONTO, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX: CIGI; NASDAQ: CIGI) (“Colliers” or the “Company”) announced today that results for the third quarter ended September 30, 2021 will be issued by press release on November 2, 2021 at approximately 7:00am ET.
- 10/14/2021
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Colliers Launches Strategic Partnership with BCS to offer Leading Data Center Management Solutions
- BCS brings significant expertise to help meet growing client needs BCS brings significant expertise to help meet growing client needs
- 10/11/2021
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Colliers closes issuances of US$150 million and €125 million of senior unsecured notes
- TORONTO, Oct. 07, 2021 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI) ("Colliers") announced today that it has closed its previously announced private placement notes issuances (the “Notes”), consisting of US$150 million of 3.02% Notes due 2031 and €125 million of 1.52% Notes due 2031. The Notes rank equally with Colliers' senior unsecured revolving credit facility and existing senior unsecured Euro notes due 2028. The proceeds of the Notes issuances will be used for general corporate purposes and to reduce outstanding borrowings under its revolving credit facility.
- 10/07/2021
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Colliers to acquire best in class Italian investment management business
- Further expands Colliers Global Investors' platform in Europe Further expands Colliers Global Investors' platform in Europe
- 10/07/2021
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Colliers: A Diversified Real Estate Play
- Colliers: A Diversified Real Estate Play
- 09/28/2021
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Colliers partners with award-winning engineering, architecture, and design services firm
- Increases scale in U.S. Northeast and expands footprint into Midwest Increases scale in U.S. Northeast and expands footprint into Midwest
- 09/21/2021
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Harrison Street Brings Alternative Investment Expertise to Canada
- First closing of dedicated Canadian fund provides investing capacity of more than CAD$550 million for investments in senior living, student housing, medical office, life sciences, storage, and digital assets First closing of dedicated Canadian fund provides investing capacity of more than CAD$550 million for investments in senior living, student housing, medical office, life sciences, storage, and digital assets
- 08/26/2021
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In logistics warehousing, the Windy City has the wind at its back
- In a scalding U.S. logistics real estate market, Chicago is not taking back seat heat to anyone. The numbers bear it out.
- 08/18/2021
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Colliers International Group Inc. (CIGI) CEO Jay Hennick on Q2 2021 Results - Earnings Call Transcript
- Colliers International Group Inc. (CIGI) CEO Jay Hennick on Q2 2021 Results - Earnings Call Transcript
- 08/07/2021
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Colliers International (CIGI) Tops Q2 Earnings and Revenue Estimates
- Colliers International (CIGI) delivered earnings and revenue surprises of 85.88% and 28.99%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/04/2021
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Colliers appoints new Chief Executive Officer for India business
- Ramesh Nair joins Colliers as Chief Executive Officer, India and Managing Director, Market Development, Asia to accelerate the growth of Colliers Ramesh Nair joins Colliers as Chief Executive Officer, India and Managing Director, Market Development, Asia to accelerate the growth of Colliers
- 07/20/2021
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Colliers International Group Inc. Announces Normal Course Issuer Bid
- TORONTO, July 16, 2021 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) (“Colliers”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by Colliers of its intention to make a normal course issuer bid (the “NCIB”) with respect to its outstanding subordinate voting shares (the “Subordinate Voting Shares”).
- 07/16/2021
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Colliers International Group Inc. to Announce Second Quarter Results on August 4, 2021
- TORONTO, July 14, 2021 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX: CIGI; NASDAQ: CIGI) (“Colliers” or the “Company”) announced today that results for the second quarter ended June 30, 2021 will be issued by press release on August 4, 2021 at approximately 7:00am ET.
- 07/14/2021
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Colliers launches strategic partnership with Blue Skyre to bolster innovative Facilities Management Advisory offering
- Blue Skyre brings deep facilities management expertise to meet client needs Blue Skyre brings deep facilities management expertise to meet client needs
- 06/24/2021
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New Strong Sell Stocks for May 13th
- PRTS, CIGI, ELMD, LLY, and TTWO have been added to the Zacks Rank #5 (Strong Sell) List on May 13, 2021
- 05/13/2021
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Strength Seen in Colliers International (CIGI): Can Its 5.6% Jump Turn into More Strength?
- Colliers International (CIGI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
- 05/05/2021
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Colliers International Group's (CIGI) CEO Jay Hennick on Q1 2021 Results - Earnings Call Transcript
- Colliers International Group's (CIGI) CEO Jay Hennick on Q1 2021 Results - Earnings Call Transcript
- 05/04/2021
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CIGI Stock: From $109.56 To $120.30 (9.8% Increase) Intraday Explanation
- The stock price of Colliers International Group Inc (NASDAQ: CIGI) increased from a previous close of $109.56 to a day high of $120.30 during intraday trading this morning. This is why it happened.
- 05/04/2021
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Colliers Reports Strong First Quarter Results
- Updates and increases financial outlook for 2021 Updates and increases financial outlook for 2021
- 05/04/2021
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Colliers Completes Transaction to Settle Long-Term Incentive Arrangement and Establish Timeline for Orderly Elimination of Dual Class Voting Structure
- TORONTO, April 16, 2021 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX: CIGI; NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that it has completed the previously announced transaction (the “Transaction”) to settle the Management Services Agreement (the “MSA”), including the long-term incentive arrangement, between Colliers, Jay S. Hennick and Jayset Management CIG Inc., a corporation controlled by Mr. Hennick. The Transaction has also established a timeline for the orderly elimination of Colliers' dual class voting structure by no later than September 1, 2028.
- 04/16/2021
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Colliers Announces Voting Results
- TORONTO, April 14, 2021 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX: CIGI; NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that at its annual and special meeting of shareholders, held virtually on April 14, 2021, the nine director nominees listed in Colliers' management information circular dated March 9, 2021 (the “Circular”) were elected as directors of Colliers. Directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote are set out below.
- 04/14/2021
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New Strong Buy Stocks for April 12th
- New Strong Buy Stocks for April 12th
- 04/12/2021
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Daniel Gorosch appointed Chief Executive Officer of Colliers in Sweden
- STOCKHOLM, April 7, 2021 /PRNewswire/ -- Leading diversified professional services and investment management company Colliers (NASDAQ: CIGI) (TSX: CIGI) today announced that Daniel Gorosch has been appointed Chief Executive Officer (CEO) | Sweden. Current CEO Dan Törnsten remains a shareholder of Colliers in Sweden and will become Chairman, focusing on continued client engagement and strategic advisory.
- 04/07/2021
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3 Real Estate Operation Stocks Poised to Escape the Pandemic Blues
- 3 Real Estate Operation Stocks Poised to Escape the Pandemic Blues
- 04/06/2021
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5 Real Estate Companies Trading with Low Price-Sales Ratios
- According to the GuruFocus All-In-One Screener, a Premium feature, the following real estate stocks were trading with low price-sales ratios as of March 26.
- 03/26/2021
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Colliers Acquires Specialty Engineering & Design Firm
- Acquisition strengthens Colliers Engineering & Design in fast-growing Florida market Acquisition strengthens Colliers Engineering & Design in fast-growing Florida market
- 03/08/2021
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Colliers ranked among top three commercial real estate brands by Lipsey survey
- Ranking reaffirms Colliers' commitment to leading the industry Ranking reaffirms Colliers' commitment to leading the industry
- 02/26/2021
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Colliers recognized as a 2021 Global Outsourcing 100® company
- Colliers named to prestigious list by the International Association of Outsourcing Professionals for the 15th consecutive year Colliers named to prestigious list by the International Association of Outsourcing Professionals for the 15th consecutive year
- 02/24/2021
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Colliers International's (CIGI) Shares March Higher, Can It Continue?
- As of late, it has definitely been a great time to be an investor in Colliers International Group (CIGI).
- 02/24/2021
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Hennick & Company and RATIO Design Complete Strategic Partnership
- RATIO Leadership to Remain Significant Long-Term Equity Partners; Firm Poised for Sustained Growth and Success RATIO Leadership to Remain Significant Long-Term Equity Partners; Firm Poised for Sustained Growth and Success
- 02/23/2021
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Colliers Rebrands Subsidiary to Colliers Engineering & Design
- TORONTO AND RED BANK, N.J., Feb. 22, 2021 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) today announced the rebranding of its subsidiary, Maser Consulting, to Colliers Engineering & Design to better align with its highly-recognized global brand and platform.
- 02/22/2021
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Colliers International Group (CIGI) CEO Jay Hennick on Q4 2020 Results - Earnings Call Transcript
- Colliers International Group (CIGI) CEO Jay Hennick on Q4 2020 Results - Earnings Call Transcript
- 02/11/2021
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Colliers Named one of America's Best Large Employers of 2021
- LOS ANGELES, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI) announced today that it has been named to Forbes' 2021 list of America's Best Large Employers. The list recognizes employee satisfaction across 500 large companies.
- 02/11/2021
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Colliers International (CIGI) Q4 Earnings and Revenues Surpass Estimates
- Colliers International (CIGI) delivered earnings and revenue surprises of 28.78% and 12.24%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 02/11/2021
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Colliers International appoints new Chief Executive Officer for Australian business
- -- Malcom Tyson appointed to accelerate the growth of Colliers Australia -- TORONTO, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management firm, Colliers International (NASDAQ and TSX: CIGI) today announced that Malcom Tyson has been appointed as Chief Executive Officer | Australia.
- 01/21/2021
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Colliers International Group Inc. to Announce Fourth Quarter and Annual Results for 2020 on February 11, 2021
- TORONTO, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI), announced today that results for the fourth quarter and full year ended December 31, 2020 will be issued by press release on Thursday, February 11, 2021 at approximately 7:00am ET.
- 01/19/2021
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Asia-Pacific's Tier 1 city offices remain 'asset of choice' among investors: Colliers International
- There is a growing confidence that this real estate asset class is still very relevant post-coronavirus, says Terence Tang of Colliers International.
- 01/19/2021
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Forget Bitcoin - These 2 High-Yielding Stocks Win No Matter What - Part II
- Forget Bitcoin - These 2 High-Yielding Stocks Win No Matter What - Part II
- 01/18/2021
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Colliers Global Investor Outlook Report Anticipates Up To 50% Surge In Global Investment In 2021
- New report reveals 98% of investors plan to expand their portfolios New report reveals 98% of investors plan to expand their portfolios
- 01/18/2021
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Colliers International Declares Semi-Annual Dividend on Common Shares
- TORONTO, Dec. 10, 2020 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) ("Colliers") announced today that its board of directors has declared a semi-annual cash dividend on the outstanding Subordinate Voting Shares and Multiple Voting Shares (together, the "Common Shares") of Colliers of US$0.05 per Common Share. This dividend is in accordance with the dividend policy of Colliers. The dividend is payable on January 14, 2021 to holders of Common Shares of record at the close of business on December 31, 2020. The dividend is an "eligible dividend" for Canadian income tax purposes.
- 12/10/2020
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6 Real Estate Companies Trading with Low Price-Sales Ratios
- According to the GuruFocus All-In-One Screener, a Premium feature, the following real estate companies were trading with low price-sales ratios as of Oct. 30.
- 10/30/2020
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Colliers International Group (CIGI) CEO Jay Hennick on Q3 2020 Results - Earnings Call Transcript
- Colliers International Group (CIGI) CEO Jay Hennick on Q3 2020 Results - Earnings Call Transcript
- 10/27/2020
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Colliers International Reports 3rd-Quarter Results
- Shares of real estate services company Colliers International Group Inc. (NASDAQ:CIGI) spiked 12% on Tuesday following the announcement of its third-quarter results, which topped analysts' expectations.
- 10/27/2020
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Colliers International Reports Better Than Expected Third Quarter Results
- Continued growth from recurring services
- 10/27/2020
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Tracking Prem Watsa's Fairfax Financial Holdings Portfolio - Q2 2020 Update
- Prem Watsa’s 13F portfolio value increased from $1.44B to $1.59B this quarter. Fairfax Financials’ largest three stakes are Atlas Corp., BlackBerry, and Kennedy-Wilson.
- 08/26/2020
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Colliers International (CIGI) Beats Q2 Earnings and Revenue Estimates
- Colliers International (CIGI) delivered earnings and revenue surprises of 37.26% and 8.35%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 08/06/2020
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Colliers International Reports Second Quarter Results
- Investment Management, Outsourcing & Advisory demonstrate resilience, diversificationOperating highlights: Three months ended Six months ended June 30 June 30 (in millions of US$, except EPS)2020 2019 2020 2019 Revenues$550.2 $745.5 $1,180.8 $1,380.6 Adjusted EBITDA (note 1) 60.0 87.3 114.4 130.9 Adjusted EPS (note 2) 0.70 1.10 1.25 1.61 GAAP operating earnings 14.5 57.2 33.1 70.6 GAAP EPS (0.26) 0.60 (0.14) 0.63 TORONTO, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI) today announced operating and financial results for the quarter ended June 30, 2020, which were significantly impacted by the global COVID-19 pandemic. All amounts are in US dollars.For the second quarter ended June 30, 2020, revenues were $550.2 million, down 26% (25% in local currency) relative to the same quarter in the prior year, adjusted EBITDA (note 1) was $60.0 million, down 31% (30% in local currency) and adjusted EPS (note 2) was $0.70, down 36% versus the prior year period. Second quarter adjusted EPS would have been approximately $0.02 higher excluding foreign exchange impacts. GAAP operating earnings were $14.5 million, relative to $57.2 million in the prior year quarter. GAAP EPS was a loss of $0.26 per share, relative to $0.60 per share in the prior year quarter. Second quarter GAAP EPS would have been approximately $0.02 higher excluding changes in foreign exchange rates.For the six months ended June 30, 2020, revenues were $1.18 billion, down 14% (13% in local currency) relative to the same period in the prior year, adjusted EBITDA (note 1) was $114.4 million, down 13% (11% in local currency) and adjusted EPS (note 2) was $1.25, down 22% versus the prior year period. Year-to-date adjusted EPS would have been approximately $0.04 higher excluding foreign exchange impacts. GAAP operating earnings were $33.1 million, relative to $70.6 million in the prior year period. GAAP EPS for the six month period was a loss of $0.14 per share, relative to $0.63 per share in the prior year period. Second quarter GAAP EPS would have been approximately $0.04 higher excluding changes in foreign exchange rates.“Colliers reported better than expected results across all segments and regions during the second quarter despite the unprecedented impact of COVID-19, especially in Leasing and Capital Markets. Fortunately, the majority of our earnings now come from Investment Management and Outsourcing & Advisory – high value-add professional services that are recurring and contractual – providing us with more resilience and service line diversification than ever,” said Jay S. Hennick, Global Chairman and CEO of Colliers International. “Pandemic uncertainty in Leasing and Capital Markets continue to impact our results, though we expect gradual improvement for the balance of the year. During the quarter, we completed a $230 million offering of convertible notes to fortify our balance sheet and completed the acquisitions of Dougherty, a US commercial real estate debt finance, loan servicing and securities platform (now rebranded as Colliers Mortgage) and Maser Consulting, a leading US engineering design and service firm focused on real estate assets and related infrastructure. With a highly diversified and balanced global business, strong balance sheet, entrepreneurial culture, and significant insider ownership, we are confident that Colliers will emerge from this crisis stronger than ever,” he concluded.About Colliers International Group Inc. Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment.Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.Consolidated Revenues by Line of Service With the closing of Colliers Mortgage acquisition, Colliers has renamed its Sales Brokerage service line to Capital Markets, which now includes sales brokerage, mortgage origination and mortgage investment banking revenues. In addition, the Company added mortgage loan servicing under its Outsourcing & Advisory revenues. Three months ended Six months ended (in thousands of US$) June 30ChangeChange June 30ChangeChange (LC = local currency) 2020 2019in US$ %in LC% 2020 2019in US$ %in LC% Outsourcing & Advisory $257,044 $281,638-9%-6% $534,334 $540,022-1%1% Investment Management 41,389 46,902-12%-12% 87,214 89,992-3%-3% Leasing 136,768 253,374-46%-45% 301,278 435,158-31%-30% Capital Markets 115,005 163,603-30%-28% 258,008 315,468-18%-17% Total revenues $550,206 $745,517-26%-25% $1,180,834 $1,380,640-14%-13% Consolidated revenues for the second quarter declined 25% on a local currency basis, driven primarily by expected declines in transactional Leasing and Capital Markets activity due to the COVID-19 pandemic. Consolidated internal revenues measured in local currencies were down 26% (note 3).For the six months ended June 30, 2020, consolidated revenues declined 13% on a local currency basis, with the impact of the pandemic beginning in March 2020. Consolidated internal revenues measured in local currencies were down 15% (note 3).Segmented Quarterly Results Revenues in the Americas region totalled $308.9 million for the second quarter compared to $421.4 million in the prior year quarter, down 27% (26% in local currency) on reduced Leasing and Capital Markets activity across the region. Outsourcing & Advisory revenues were flat in the quarter. Adjusted EBITDA was $24.4 million, versus $36.2 million in the prior year quarter. GAAP operating earnings were $3.4 million, relative to $25.6 million in the prior year quarter.Revenues in the EMEA region totalled $99.6 million for the second quarter compared to $151.6 million in the prior year quarter, down 34% (32% in local currency) on lower activity in each service line, including Outsourcing & Advisory which was impacted by delays in executing on-site turnkey project management assignments due to the pandemic. Adjusted EBITDA was $6.3 million, versus $19.0 million in the prior year. GAAP operating earnings were a loss of $3.3 million as compared to $10.8 million in the second quarter of 2019.Revenues in the Asia Pacific region totalled $100.1 million for the second quarter compared to $125.1 million in the prior year quarter, down 20% (16% in local currency) on lower Leasing and Capital Markets activity. Outsourcing & Advisory revenues were up slightly in the quarter, including incremental revenues from the recent Synergy acquisition, now rebranded as Colliers Project Leaders. Adjusted EBITDA was $12.3 million, down from $14.2 million. GAAP operating earnings were $5.1 million, down from $12.5 million in the prior year quarter.Investment Management revenues for the second quarter were $41.4 million compared to $46.9 million in the prior year quarter, down 12% (12% in local currency). The second quarter revenue decline was primarily attributable to a $4.3 million reduction in pass-through revenue from legacy carried interest versus the prior year quarter. Adjusted EBITDA was $17.4 million relative to $19.2 million in the prior year quarter, attributable to the timing of certain European transaction fees, which were elevated in the prior year quarter. GAAP operating earnings were $10.6 million in the quarter, versus $12.2 million in the prior year quarter. Assets under management were $35.7 billion at June 30, 2020, up 2% from $35.1 billion at March 31, 2020 and up 18% from $30.3 billion at June 30, 2019.Unallocated global corporate costs as reported in Adjusted EBITDA were $0.3 million in the second quarter, relative to $1.3 million in the prior year quarter, and were favourably impacted by lower insurance costs and lower variable expenses. The corporate GAAP operating loss for the quarter was $1.4 million, relative to $4.1 million in the second quarter of 2019.Impact of COVID-19 Pandemic The full impact of the pandemic continues to remain uncertain. The Company is updating the working assumption previously provided to reflect: (i) better than anticipated results for the second quarter across all service lines and regions; and (ii) the recently completed acquisitions of Colliers Mortgage and Maser Consulting. The updated working assumption for the full year 2020 (relative to 2019), is as follows: PreviousUpdatedAdd acquisitionsUpdated with acquisitions Revenue-15% to -25%-15% to -25%+5%-10% to -20% Adjusted EBITDA-25% to -35%-20% to -30%+5%-15% to -25% This working assumption is based on the best available information and is subject to change based on numerous macroeconomic, health, social, political and related factors.Transactional Leasing and Capital Markets revenues are expected to remain below 2019 levels, although the scale of decline should moderate in the third and fourth quarters. Investment Management and Outsourcing & Advisory are expected to remain relatively stable for the balance of the year with some variability depending on market conditions.The Company has taken significant steps to adjust costs to expected revenues across all service lines, including reductions to support, administrative and leadership and related costs.
- 08/06/2020
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Virus Threatens Property’s Dominance of Philippine Stock Market
- (Bloomberg) -- Having suffered the worst first-half performance in any year since 2008, a gauge of Philippine’s property stocks is faring worse than the nation’s benchmark index in 2020 after six years of outperformance.The losses have also erased the valuation premium real estate shares typically command over the broader market -- an occurrence that’s seen them stage a sharp rebound on more than one occasion in the past. But keeping history aside, things don’t look too promising for the sector that houses some of the country’s most-valued companies.A more-than doubling of coronavirus cases in the Philippines in July risks sapping demand and inflicting more pain on real estate stocks. At the same time, a plunge in remittances by overseas Filipino workers and the departure of some Philippine offshore gaming operators -- a key source of office and home demand in recent years -- are also clouding the industry’s outlook.“The pandemic is a sword of Damocles hanging over all our heads,” said Gerard Abad, chief investment officer at AB Capital & Investment Corp., which manages the equivalent of $509 million in assets. “The risk is greater now and consumer demand is really weak.”Manila’s land values could fall as much as 15% this year, the steepest drop in a decade as the virus hammers demand, driving down rents and selling prices, according to Joey Bondoc, a Manila-based senior manager at property consultant Colliers International Group Inc.The PSE Property Index tumbled almost 27% in the first six months of the year -- the most in such a period since 2008 -- as residential and commercial demand sank once the virus outbreak forced people to stay at home and shift spending to essential goods. The gauge sank as much as 5.4% on Monday as a stricter lockdown was reimposed in Manila amid record rise in infections.The measure, with a market capitalization of almost $36 billion, is heading for a 34% year-to-date loss. That’s versus a 27% loss for the benchmark Philippines Stock Exchange Index. The MSCI AC Asia ex-Japan Real Estate Index is down 20% this year.“I’d prefer the consumer sector at this time, particularly manufacturers and retailers of essentials” said Robert Ramos, who helps manage 100 billion pesos ($2 billion) as head of the trust and investments group at Rizal Commercial Banking Corp. “The property sector will surely outperform once Covid disappears, but for now people are avoiding malls and they aren’t buying properties.”‘Like An Earthquake’Still, cheap valuations, an accommodative central bank policy and the government’s infrastructure push may prompt certain brave and long-term investors to start buying property stocks, some analysts say. Further, real estate companies are among those carrying the highest weightings in the benchmark, which makes any broad bet on Philippine equities also a bet on the sector.Four core property firms carry a combined weighting of almost 22% in the 30-member PSEi gauge. The sector accounts for over 50% of the benchmark when taking into account diversified companies with real estate ventures.“It’s like an earthquake hit the sector,” said Cristina Ulang, head of research at First Metro Investment Corp. in Manila. “But for the long term, it should be a top choice. One can’t ignore property to ride a market rebound -- it’s big part of the index.”(Updates index movements in sixth and seventh paragraphs.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/03/2020
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Earnings Preview: Colliers International (CIGI) Q2 Earnings Expected to Decline
- Colliers International (CIGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/30/2020
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Colliers International Group Inc. (TSE:CIGI) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
- Colliers International Group (TSE:CIGI) has had a rough three months with its share price down 2.8%. But if you pay...
- 07/27/2020
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Colliers International Group Inc. Announces Normal Course Issuer Bid
- TORONTO, July 16, 2020 -- Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) (“Colliers”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted a.
- 07/16/2020
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Colliers International Group Inc. to Announce Second Quarter Results on August 6, 2020
- TORONTO, July 14, 2020 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI), announced today that results for the second quarter ended June 30th, 2020 will be issued by press release on Thursday August 6th, 2020 at approximately 7:00am ET. The conference call to review these financial results will take place at 11:00am ET on Thursday August 6th, 2020 and will be hosted by Jay S. Hennick, Chairman & CEO, John Friedrichsen, COO and Christian Mayer, CFO. The numbers to use for this call are: 1) toll-free 1-877-402-8911; or 2) for international callers 1-707-927-4894, with the conference ID number 1587213 for all participants.The conference call will also be accessible on our website at Corporate.Colliers.com in the “Events” section. For anyone unable to listen to the scheduled call, the rebroadcast number will be 1-855-859-2056 with conference ID 1587213. The rebroadcast and archive recording of the conference call will be available at the above noted web address for 90 days following the call.About Colliers International Group Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter@Colliers or LinkedIn.For further information, please contact: Christian Mayer, CFO Colliers International Group Inc. (416) 960-9500
- 07/14/2020
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Colliers International Completes Acquisition of Maser Consulting
- TORONTO and RED BANK, N.J., July 13, 2020 -- Leading global commercial real estate services and investment management firm, Colliers International (NASDAQ and TSX: CIGI), has.
- 07/13/2020
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Is Colliers International Group Inc (CIGI) A Good Stock To Buy?
- We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
- 07/08/2020
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Here's What Colliers International Group Inc.'s (TSE:CIGI) Shareholder Ownership Structure Looks Like
- A look at the shareholders of Colliers International Group Inc. (TSE:CIGI) can tell us which group is most powerful...
- 07/04/2020
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5 Real Estate Companies Trading With Low Price-Earnings Ratios
- Brookfield Property on the list Continue reading...
- 06/25/2020
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Here’s Why Colliers Group (CIGI) Stock is an Attractive Pick for Investors
- PenderFund Capital Management recently released its May 2020 Investor Letter, a copy of which you can download here. Pender is a growing, independent, value-based mutual fund company with the goal of creating value by generating superior risk-adjusted returns. You should check out PenderFund Capital Management's top 5 stock picks for investors to buy right now, […]
- 06/19/2020
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New Strong Sell Stocks for June 15th
- Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- 06/15/2020
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Colliers International Completes Acquisition of Dougherty
- TORONTO and MINNEAPOLIS, June 01, 2020 -- Leading global commercial real estate services and investment management firm, Colliers International (NASDAQ and TSX: CIGI), has.
- 06/01/2020
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Colliers International named to IAOP® Global Outsourcing 100 List for 14th consecutive year
- Leading global commercial real estate services firm Colliers International Group Inc. (Nasdaq and TSX: CIGI) is pleased to announce that it has been selected for the 2020 Global Outsourcing 100 list by IAOP® for the 14th straight year. Colliers also earned an All Star distinction from IAOP® for receiving top scores in the following major categories: Customer References, Awards & Certifications, Programs for Innovation and Programs for Corporate Social Responsibility.
- 05/21/2020
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Colliers International Declares Semi-Annual Dividend on Common Shares
- TORONTO, May 20, 2020 -- Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) ("Colliers") announced today that its board of directors has declared a semi-annual cash.
- 05/20/2020
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Colliers International Completes US$230 Million Convertible Senior Subordinated Notes Offering
- Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers”) announced today the closing of its previously announced offering of 4.00% convertible senior subordinated notes due 2025 (the “Notes”) pursuant to private placement exemptions (the “Offering”) for gross proceeds of US$230 million (including US$30 million pursuant to the exercise of the initial purchasers’ over-allotment option). Colliers intends to use the net proceeds of the Offering to repay a portion of its indebtedness under its revolving credit facility, which will then be available to be drawn, as required, for working capital, acquisitions and associated contingent purchase consideration and general corporate purposes. The initial conversion rate for the Notes is 17.2507 subordinate voting shares (the “Subordinate Voting Shares”) per US$1,000 principal amount of Notes, equivalent to an initial conversion price of approximately US$57.97 per Subordinate Voting Share.
- 05/19/2020
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Colliers (CIGI) Catches Eye: Stock Jumps 6.3%
- Colliers (CIGI) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.
- 05/18/2020
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Colliers International Prices Offering of Convertible Senior Subordinated Notes
- Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers”) announced today that it has priced its previously announced offering of convertible senior subordinated notes due 2025 (the “Notes”) pursuant to private placement exemptions (the “Offering”). Colliers will issue US$200 million aggregate principal amount of Notes, or US$230 million aggregate principal amount if the over-allotment option is exercised in full. Colliers intends to use the net proceeds of the Offering to repay a portion of its indebtedness under its revolving credit facility, which will then be available to be drawn, as required, for working capital, acquisitions and associated contingent purchase consideration and general corporate purposes.
- 05/15/2020
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Colliers International Launches Offering of Convertible Senior Subordinated Notes
- Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers”) announced today that it is offering US$200 million aggregate principal amount of convertible senior subordinated notes due 2025 (the “Notes”) pursuant to private placement exemptions (the “Offering”). Colliers intends to use the net proceeds of the Offering to repay a portion of its indebtedness under its revolving credit facility, which will then be available to be drawn, as required, for working capital, acquisitions and associated contingent purchase consideration and general corporate purposes. Colliers expects to grant the initial purchasers of the Notes a 30-day option to purchase up to an additional US$30 million aggregate principal amount of Notes.
- 05/14/2020
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Are Investors Undervaluing Colliers International Group Inc. (TSE:CIGI) By 32%?
- How far off is Colliers International Group Inc. (TSE:CIGI) from its intrinsic value? Using the most recent financial...
- 05/07/2020
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Colliers proptech companies deliver innovative, value-added commercial real estate solutions
- Colliers International (NASDAQ and TSX: CIGI) is working with its Class of 2018 and 2019 proptech companies to deliver virtual tools that help our people and clients navigate the impacts of COVID-19. The enhanced solutions leverage technologies such as artificial intelligence, augmented and virtual reality, data analytics, machine learning and blockchain to solve big business challenges. “As COVID-19 accelerates the commercial real estate industry’s transition to digital solutions, we are seeing the potential benefits of our partnerships move into sharper focus,” said Zach Michaud, VP of Strategic Investments at Colliers International.
- 05/05/2020
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RBC Capital Sticks to Their Buy Rating for Colliers International Group
- RBC Capital analyst Matt Logan reiterated a Buy rating on Colliers International Group (NASDAQ:CIGI) on Tuesday, setting a price target of $80, which is approximately 60.32% above the present share price of $49.9.
- 05/05/2020
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New Strong Sell Stocks for May 4th
- Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- 05/04/2020
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Colliers Canada report reveals one in five Canadian commercial tenants requested rent relief for April
- A new Colliers Canada report shows that 21 per cent of 7,100 retail, industrial and office tenants surveyed requested April rent relief as Canadian businesses continued to slow or shut during the COVID-19 pandemic. Of these commercial tenants, close to half indicated that they could not afford to make their rent payment.
- 05/01/2020
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Wall Street Still Hungry for China’s Choicest Office Addresses
- (Bloomberg) -- When JPMorgan Chase & Co. was casting around for new office space in Shanghai in late 2018, executives weren’t interested in just any building. It had to be one they could stamp their name on.That was Shanghai Tower, China’s tallest skyscraper, from where the bank’s logo shines across
- 04/29/2020
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Analysts Offer Insights on Financial Companies: T Rowe Price (TROW), Colliers International Group (CIGI) and PJT Partners (PJT)
- Analysts have been eager to weigh in on the Financial sector with new ratings on T Rowe Price (TROW), Colliers International Group (CIGI) and PJT Partners
- 04/29/2020
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Edited Transcript of CIG.TO earnings conference call or presentation 28-Apr-20 3:00pm GMT
- Q1 2020 Colliers International Group Inc Earnings Call
- 04/29/2020
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Colliers International Group Inc (CIGI) Q1 2020 Earnings Call Transcript
- Legal counsel requires us to advise that the discussion scheduled to take place today may contain forward-looking statements that involve known and unknown risks and uncertainties. Actual results may materially differ from any future results, performance or achievements contemplated in forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company's annual information form as filed with the Canadian Securities Administrators and the Company's annual report on Form 40-F as filed with the US Securities and Exchange Commission.
- 04/29/2020
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Recap: Colliers Q1 Earnings
- Shares of Colliers Intl Grou (NASDAQ:CIGI) remained unaffected at $53.11 after the company reported Q1 results.Quarterly Results Earnings per share rose 5.88% year over year to $0.54, which beat the estimate of $0.48.Revenue of $630,628,000 less by 0.71% year over year, which missed the estimate of $685,070,000.Looking Ahead Colliers Intl Gr hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: Apr 28, 2020View more earnings on CIGITime: 03:00 PM ETWebcast URL: https://edge.media-server.com/mmc/p/rj6sckkvRecent Stock Performance Company's 52-week high was at $92.06Company's 52-week low was at $33.93Price action over last quarter: down 39.33%Company Overview Colliers International Group Inc is a real estate services and investment management company. The company has operations in over 60 countries to provide expert advice and services to maximize the value of the property for real estate occupiers, owners, and investors. It offers services to the investor, developers, and occupiers which includes source capital solutions, services for commercial and residential property developers, on a local, regional, national and international basis, Infrastructure consulting, Design & Build, and Market research.See more from Benzinga * Amerant Bancorp: Q1 Earnings Insights * Turning Point Brands: Q1 Earnings Insights * Affimed: Q4 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 04/28/2020
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Colliers International Reports Solid First Quarter Results
- Operating highlights: Three months ended March 31 (in millions of US$, except EPS)2020 2019 Revenues$630.6 $635.1 Adjusted EBITDA (note 1) 54.5 43.6 Adjusted.
- 04/28/2020
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What to Watch in the Day Ahead - Tuesday, April 28
- (The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at . Thomson One users can register at RT/DAY/US. All times in ET/GMT) Alphabet Inc reports its first-quarter results. Wall Street is expecting top line numbers from Google's parent to be hit by a slowdown in digital ad spending due to the coronavirus outbreak. Market participants will be focusing on a two-day meeting by the U.S. Federal Reserve. In recent months, the Fed has slashed rates to near zero, restarted bond purchases and rolled out an unprecedented range of programs to keep credit flowing and shore up business and household confidence. A raft of pharma companies, including Pfizer Inc, Merck & Co Inc, Centene Corp and Novartis AG are scheduled to post their first-quarter results. Pfizer is expected to provide an update on the impact of the COVID-19 outbreak on its businesses. Investors would also be looking out for progress on the company's coronavirus drug development programs and details on its deal with Mylan. Merck's sales of cancer drug Keytruda are expected to remain strong despite disruptions caused by the COVID-19 pandemic. Investor focus will also be on Merck's sales in international markets such as China and any changes to its full-year forecast. Investors will also focus on Centene's comments about COVID-19 related costs and possible benefits due to a decline in healthcare spending by Americans. Meanwhile, Swiss drugmaker Novartis AG is seen reporting sales rose from $11.1 billion in 2019 on the strength of skin and arthritis drug Consentyx and its heart failure medicine Entresto. Chief Executive Val Narasimhan may also update progress on testing generic hydroxychloroquine in coronavirus patients. Ford Motor Co is expected to report a first-quarter loss. The automaker will discuss efforts to shore up its cash position. The company previewed a big loss related to COVID-19 shutdowns. PepsiCo Inc is expected to report a rise in revenue for the quarter ending in March, but all eyes will be focused on any forecast the company makes about demand in the second quarter after rival Coca-Cola Co warned of sales taking a hit as restaurants, theaters and other venues closed due to the coronavirus pandemic. U.S. consumer confidence index is expected to have dropped to 87.9 in April from a reading of 120.0 in the previous month. The S&P CoreLogic Case-Shiller composite index of home prices in 20 metropolitan areas is also scheduled for release. Home price growth in 20 metro areas is likely to have increased 3.3% in February from a year ago, compared with a gain of 3.1% in January. (0900/1300) Caterpillar Inc is scheduled to post its first quarter earnings. The heavy equipment maker is expected to report a steep drop in earnings, hurt by business disruptions caused by the coronavirus outbreak. Starbucks Corp releases its second-quarter earnings. Focus will be on the coffee chain's business in China, where it was forced to close nearly all of its stores due to the coronavirus crisis earlier in the year. Several cafes in Asia are now open and investors will look for updates on the business and consumer behavior. Updates on its U.S. market, especially any comments on when stores are expected to reopen, will also be key. Yum China Holdings Inc is also scheduled to post it first-quarter results. Harley-Davidson Inc is expected to report lower first-quarter profit, hurt by the coronavirus pandemic that has forced it to temporarily suspend production in the United States. Oreo maker Mondelez International Inc is likely to post an increase in first-quarter revenue, thanks to consumers stockpiling snacks and chocolates ahead of the coronavirus-related lockdown in the United States and some European countries. Investors will be on the lookout for potential revisions to 2020 outlook and comments on demand so far in the current quarter. Xerox Holdings Corp is expected to post a drop in first-quarter revenue, hurt by weaker demand for its printers and photocopiers as more businesses digitize their work. Chipmaker Advanced Micro Devices Inc is expected to post a rise in revenue for the first quarter. Investors will be on the lookout for any commentary on the economic uncertainty caused by the coronavirus pandemic and its impact on forecast. Southwest Airlines Co is scheduled to report first-quarter results that will show the initial impact of the coronavirus pandemic on earnings and travel demand, which airlines say has virtually disappeared and may not fully return before the end of the year. Wells Fargo & Co shareholders will vote on a number of proposals at new CEO Charlie Scharf's first meeting at the company. The meeting has drawn large protests every year since the 2016 sales practices scandal erupted. Meanwhile, HSBC Holdings plc reports its first quarter earnings and expected to show a heavy hit from the economic impact of the new coronavirus in its twin homes of Hong Kong and London. UBS Group AG also presents its first-quarter results. Investors will be looking out for signs of how the coronavirus pandemic is likely to impact business. BP Plc reports its first quarter results which are set to be dominated by the dramatic drop in demand for energy and collapsing oil prices due to coronavirus. Other major companies, including United Parcel Service Inc and 3M Co are also scheduled to post their first-quarter results, while D.R. Horton Inc is expected to release full second-quarter results after reporting preliminary results on April 7. Canadian companies including commercial real estate service provider Colliers International Group Inc and wood products company West Fraser Timber Co Ltd are scheduled to post earnings for the first quarter. Brazil's statistics agency IBGE releases mid-April IPCA-15 consumer price index. The consumer prices had increased 0.02% in the month to mid-March. Separately, Mexico is slated to release trade balance data for March. The country had posted a $1,429 million trade surplus in February when adjusted for seasonal swings. In non-seasonally adjusted terms, it posted a trade surplus of $2,911 million. LIVECHAT-FED WATCH Michael Pearce, Senior U.S. Economist, Capital Economics, speaks on expectations for the Federal Reserve’s upcoming meeting, the outlook for U.S. monetary policy, and what’s ahead for the U.S. economy. (1000/1400) To join the conversation, click here https://refini.tv/2P8N0Wp (Compiled by Sourav Bose in Bengaluru; Editing by Shailesh Kuber)
- 04/27/2020
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3 Stocks Trading at Attractive Valuations
- Their businesses generated excess returns and are predicted to improve their profitability Continue reading...
- 04/27/2020
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3 Stocks Trading at Attractive Valuations
- 3 Stocks Trading at Attractive Valuations, Stocks: TXRH,UNP,CIGI, release date:Apr 27, 2020
- 04/27/2020
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What to expect when you're back in the office: 7 real-estate experts break down what the transition will look like, and why the workplace may never be the same
- Experts explain how decisions will be made about when people can go back to work, what to expect once businesses reopen offices,
- 04/25/2020
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Into the unknown: How Covid-19 will affect Silicon Valley's office market
- Silicon Valley’s office leasing market has softened due to Covid-19. Market experts are hoping a comeback happens later this year. Brokers are doing the best they can in a quiet market.
- 04/23/2020
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E-commerce boom, wild oil prices a mixed-bag for Houston's industrial market
- A recent surge in online shopping has led local industrial real estate brokers to anticipate an absorption boom once the virus recedes and social distancing mandates are lifted. The big question, however, is whether the anticipated uptick in demand tied to e-commerce will be enough to offset uncertainty created by record-low oil prices.
- 04/22/2020
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Colliers closes two big warehouse deals in Tampa
- A team of brokers from Colliers International Tampa Bay has closed two big warehouse deals in Tampa: an $18 million lease and the sale of a last-mile distribution facility. Refresco Beverages has leased the 364,084-square-foot warehouse that was previously home to Southern Wine & Spirits in a deal valued at over $18 million. Colliers' Ryan Vaught, executive managing director, and managing director Robyn Hurrell represented the landlord, South Carolina-based RealOp Investments, in the transaction.
- 04/21/2020
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Colliers International Group (CIG) to Release Quarterly Earnings on Tuesday
- Colliers International Group (TSE:CIG) (NASDAQ:CIGI) is set to post its quarterly earnings results before the market opens on Tuesday, April 28th. Analysts expect Colliers International Group to post earnings of C$0.23 per share for the quarter. Colliers International Group (TSE:CIG) (NASDAQ:CIGI) last issued its earnings results on Wednesday, February 12th. The company reported C$1.58 EPS […]
- 04/21/2020
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CCP Virus Set to Usher in Big Changes at US Offices
- NEW YORK—The CCP virus may do to U.S. office rentals what e-commerce did to malls, or so goes ...
- 04/21/2020
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Children's Minnesota Walk for Amazing goes virtual
- To keep families and the community safe during the COVID-19 crisis, Children's Minnesota has turned the 2020 Walk for Amazing into a virtual event. Instead of a one-day walk at U.S. Bank Stadium, the annual fundraiser has become a month-long campaign of healthy and fun activities families can participate
- 04/20/2020
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COVID-19 bites into CRE deals
- The total number of commercial real estate deals falling apart increased in March to 1.3% of total number of deals, compared with the 0.4% average from 2016 to 2019, according to data from Real Capita
- 04/17/2020
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DroneVideos.com Photography Services "100% OPEN" During COVID-19
- DroneVideos.com, one of the largest nationwide networks of licensed and insured drone operators, has announced its entire team is working and available during the pandemic, safely performing essential exterior aerial and ground video and photo services to businesses and individuals.
- 04/17/2020
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RPT-Coronavirus set to usher in big changes at U.S. offices
- The novel coronavirus may do to U.S. office rentals what e-commerce did to malls, or so goes a line of thinking running through commercial real estate circles. This has come even as the leasing business boomed in New York with a surging jobs market and economic expansion that was upended by orders to
- 04/17/2020
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Coronavirus set to usher in big changes at U.S. offices
- The novel coronavirus may do to U.S. office rentals what e-commerce did to malls, or so goes a line of thinking running through commercial real estate circles. This has come even as the leasing business boomed in New York with a surging jobs market and economic expansion that was upended by orders to
- 04/17/2020
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Coronavirus set to usher in big changes at U.S. offices
- The novel coronavirus may do to U.S. office rentals what e-commerce did to malls, or so goes a line of thinking running through commercial real estate circles. This has come even as the leasing business boomed in New York with a surging jobs market and economic expansion that was upended by orders to
- 04/16/2020
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Coronavirus set to usher in big changes at U.S. offices
- NEW YORK — The novel coronavirus may do to U.S. office rentals what e-commerce did to malls, or so goes a line of thinking running through commercial real estate circles.If anything, millions…
- 04/16/2020
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Coronavirus set to usher in big changes at U.S. offices
- The novel coronavirus may do to U.S. office rentals what e-commerce did to malls, or so goes a line of thinking running through commercial real estate circles. This has come even as the leasing business boomed in New York with a surging jobs market and economic expansion that was upended by orders to
- 04/16/2020
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Cover story: Reeling commercial real estate industry works to "figure it out" while bracing for slump and major changes to come
- As empty streets dot Pittsburgh’s landscape, the commercial real estate industry is
in a holding pattern — and expecting major changes even after the pandemic ends.
- 04/16/2020
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Did Changing Sentiment Drive Colliers International Group's (TSE:CIGI) Share Price Down By 19%?
- Investors can earn very close to the average market return by buying an index fund. In contrast individual stocks will...
- 04/15/2020
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Pandemic leapfrogs e-commerce demand '4 years ahead'
- Demand for e-commerce space — the hottest industrial product in Central Florida — is expected to grow bigger post pandemic, as more Americans become comfortable with ordering online.
- 04/10/2020
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Walker & Dunlop Expands Multifamily Appraisal Business with Northeast Managing Director
- Walker & Dunlop, Inc. announced today that it has expanded its multifamily appraisal business, Apprise, with the addition of Managing Director, Corey Gustafson, MAI. Based in Boston, Massachusetts, Mr. Gustafson will lead the Northeast region, including the Boston, New York, Philadelphia, Baltimore and
- 04/10/2020
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CBRE hires away veteran real estate team from competitor
- Steve Timmel is one of five Colliers International employees to join CBRE, where he is now a senior vice president.
- 04/10/2020
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Colliers International appoints Jane Gavan to board of directors CIGI
- Colliers International appoints Jane Gavan to board of directors CIGI
- 04/08/2020
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COLLIERS INTERNATIONAL APPOINTS JANE GAVAN TO BOARD OF DIRECTORS
- TORONTO, April 08, 2020 -- Leading global commercial real estate services and investment management firm Colliers International (NASDAQ and TSX: CIGI) announced the appointment.
- 04/08/2020
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Should You Avoid Cantel Medical Corp. (CMD)?
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 04/07/2020
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Newmark Group (NMRK) Looks Good: Stock Adds 8.7% in Session
- Newmark Group (NMRK) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.
- 04/07/2020
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Newmark Group (NMRK) Looks Good: Stock Adds 8.7% in Session
- Newmark Group (NMRK) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.
- 04/07/2020
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Morning News Call - Canada, April 7
- To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNCGeneric_CA_04072020.pdf You can read Morning News Call Canada via TOPNEWS Canada page. If you would like to receive
- 04/07/2020
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Texas Pacific (TPL) Surges: Stock Moves 8.5% Higher
- Texas Pacific (TPL) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.
- 04/06/2020
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Texas Pacific (TPL) Surges: Stock Moves 8.5% Higher
- Texas Pacific (TPL) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.
- 04/06/2020
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Leasing assignment for U.S. Steel Tower changes hands
- The U.S. Steel Tower in downtown Pittsburgh.
- 04/02/2020
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As commercial rents and mortgages come due, pandemic ushers in uncertainty
- The commercial real estate landscape, when it comes to paying rents and mortgages, has changed with the COVID-19 outbreak.
- 04/01/2020
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Office tenants, landlords brace as April rents come due
- As local and state governments order residents to stay home, the pandemic fallout has stirred fear among tenants and landlords across the country. Houston faces an additional challenge: an oil crash.
- 03/31/2020
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Hedge Funds Were Betting On Colliers International Group Inc (CIGI) Before The Coronavirus
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/29/2020
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Hedge Funds Have Never Been More Bullish On CVB Financial Corp. (CVBF)
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/29/2020
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Hedge Funds Have Never Been This Bullish On YETI Holdings, Inc. (YETI)
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/29/2020
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Hedge Funds Have Never Been This Bullish On Teradata Corporation (TDC)
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/29/2020
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Near-Term Outlook Bleak for Real Estate Operation Stocks
- Near-Term Outlook Bleak for Real Estate Operation Stocks
- 03/24/2020
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Near-Term Outlook Bleak for Real Estate Operation Stocks
- While the Real Estate Operations Industry will likely bear the brunt of macroeconomic uncertainty due to the COVID-19 pandemic, healthy demand for outsourcing and technology investments offer support.
- 03/24/2020
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Commercial Property Freezes: ‘There’s Widespread Panic’
- (Bloomberg) — A freeze is settling on commercial property markets.Buildings that bustled with diners, drinkers and shoppers just weeks ago have gone quiet. Hotels that housed vacationers and …
- 03/20/2020
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Colliers, JLL property management reported outsized growth in 2019
- Colliers International | Minneapolis-St. Paul and the Minneapolis office of Jones Lang LaSalle added millions of square feet of space to their Twin Cities management portfolios in 2019.
- 03/20/2020
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Western Midstream Leases 134,000 SF At The Woodlands Towers At The Waterway
- The Howard Hughes Corporation® (NYSE: HHC) has announced today that Western Midstream Partners, LP (NYSE: WES) has signed a 133,948-square-foot lease for the top five floors of 9950 Woodloch Forest Drive, one of two premier Class AAA towers in The Woodlands® comprising the newly rebranded The Woodlands
- 03/19/2020
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SIOR Announces Top Transaction Award Winners Of 2019
- The Society of Industrial and Office Realtors® (SIOR), the world's premier organization for office and industrial real estate professionals, has announced its Top Transactions Award Winners of 2019. SIOR members represent the world's elite in commercial brokerage, and the Top Transaction Awards
- 03/16/2020
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Tracking Prem Watsa's Fairfax Financial Holdings Portfolio - Q4 2019 Update
- Prem Watsa’s 13F portfolio value increased from $2.17B to $2.54B this quarter. Fairfax Financial’s largest three stakes are Atlas Corp., BlackBerry, and Kennedy
- 03/14/2020
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Maryland Tech Council Announces the Finalists for the Industry Awards Celebration
- The Maryland Tech Council (MTC) has announced the finalists for its annual Industry Awards Celebration (IAC). Winners will be revealed at a celebration on May 13, 2020 at the Bethesda North Marriott Hotel and Conference Center. The event, which draws more than 600 executives from the technology and life
- 03/09/2020
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CBRE Group's (CBRE) Q4 Earnings Miss, Revenues Top Estimates
- CBRE Group's (CBRE) Q4 results reflect solid property sales and occupier outsourcing growth, though leasing activity decline and lower contributions from Real Estate Investments unit play spoilsport.
- 02/27/2020
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Prem Watsa's Top 5 Buys of the 4th Quarter
- Canadian investor’s largest new holding is Fitbit Continue reading...
- 02/14/2020
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Mid-Day Market Update: ImmunoGen Surges On Upbeat Q4 Results; LivePerson Shares Plummet
- Midway through trading Friday, the Dow traded down 0.09% to 29396.47 while the NASDAQ rose 0.21% to 9731.88. The S&P also rose, gaining 0.08% to 3,376.77.
Leading and Lagging...
- 02/14/2020
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Colliers International (CIGI) Surpasses Q4 Earnings Estimates
- Colliers International (CIGI) delivered earnings and revenue surprises of 6.35% and -1.57%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- 02/12/2020
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Colliers International (CIGI) Surpasses Q4 Earnings Estimates
- Colliers International (CIGI) delivered earnings and revenue surprises of 6.35% and -1.57%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- 02/12/2020
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The RMR Group Announces Execution of 30,395 Square Feet of New and Renewal Leases in 2019 at Greenbrier Towers in Chesapeake, VA
- The RMR Group Inc. (Nasdaq: RMR) today announced that eleven tenants have signed new and renewal leases for an aggregate 30,395 square feet in 2019 at Greenbrier Towers in Chesapeake, Virginia.
- 01/28/2020
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Omnicell Showcases Latest Advancements to Medication Management Portfolio at Arab Health Exhibition and Congress
- Omnicell, Inc. (NASDAQ:OMCL), a leading provider of medication management solutions and adherence tools for healthcare systems and pharmacies, today announced the Company will be showcasing the latest advancements to its medication management portfolio at the Arab Health Exhibition and Congress from
- 01/27/2020
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CRG Completes 1.3 Million-Square-Foot Distribution Center
- CRG, national real estate development and investment firm, announced today the successful completion, lease commencement and sale of a 1,318,680 square foot logistics facility located at The Cubes at Inland 85 in Duncan, SC. The development, originally a 500,280 square foot speculative warehouse, was
- 01/23/2020
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