CBRE Group, Inc. (NYSE:CBG) has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE Group offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CBRE Group, a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue).



CBRE Group yesterday reported strong revenue and earnings for the third quarter ended September 30, 2011. Revenue for the quarter totaled $1.5 billion, an increase of 21% from $1.3 billion in the third quarter of 2010. Net income on a U.S. GAAP basis improved to $63.8 million, or $0.20 per diluted share, for the third quarter of 2011, an increase of 12% and 11%, respectively, from $57.0 million, or $0.18 per diluted share, for the third quarter of 2010. Excluding selected charges, net income2 totaled $77.7 million, or $0.24 per diluted share, for the current-year quarter, up 24% and 20%, respectively, from $62.4 million, or $0.20 per diluted share, in the third quarter of 2010.

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