CBRE Group Inc (NYSE:CBRE)
$ 87.44 0.94 (1.09%) Market Cap: 26.83 Bil Enterprise Value: 32.06 Bil PE Ratio: 27.24 PB Ratio: 3.25 GF Score: 91/100
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CBRE Group Inc at Needham Technology & Media Conference (Virtual) Transcript

May 20, 2020 / 07:15PM GMT
Release Date Price: $39.6 (+4.29%)
Mayank Tandon
Needham & Company, LLC, Research Division - Senior Analyst

Great. Welcome, everyone. This is Mayank Tandon. I'm the fintech analyst at Needham. I'd like to welcome Leah Stearns from CBRE. She's the Chief Financial Officer. Leah, welcome to our conference.

Leah C. Stearns
CBRE Group, Inc. - CFO

Thank you very much. I'm excited to join you today.

Questions & Answers

Mayank Tandon
Needham & Company, LLC, Research Division - Senior Analyst

Excellent. So I'm going to kick off with a few questions, and then we'll also take a couple of questions from the participants. So Leah, first and foremost, since some of the people on the call, including myself, are relatively new to CBRE, could you give us a brief overview of the business model?

Leah C. Stearns
CBRE Group, Inc. - CFO

Sure. CBRE is the largest commercial real estate services company in the world. We had revenues in 2019 of nearly $24 billion, adjusted EBITDA of over $2 billion and free

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