Dear readers! We present to your attention the sixth issue of Logistics for 2024. On its pages, we summarize the results of the international exhibition of logistics, transport, warehouse equipment and Logistika Expo, which became the main premiere of this year. Our editorial staff took part in the event, as a result of which they made useful acquaintances and found new readers. In the latest issue, we continue the topic of automation and robotization in the industry.
Dear friends! We present to your attention the fifth issue of Logistics for 2024. Like you, our dear readers, we see an increasing trend of digitalization and automation of the logistics industry, and more and more authors are paying attention to it.
Dear readers! We present to your attention the fourth issue of Logistics for 2024. On its pages, we summarize the results of the TransRussia | SkladTech 2024 exhibition, held from March 19 to 21 at Crocus Expo. The organizers and guests of the event claim that the exhibition is breaking new attendance records from year to year and improving its business program.
GAAP EPS of $0.58, up 87%
Adjusted EPS of $0.64, up 28%
Revenue and Fee Revenue up 11% and 10%, respectively
Los Angeles, CA
CBRE Group, Inc. (NYSE:CBG) today reported strong financial results for the third quarter ended September 30, 2017.
“We are pleased to produce another quarter of excellent results, with double-digit revenue growth and adjusted earnings per share up 28%,” said Bob Sulentic, CBRE’s president and chief executive officer. “Our performance is the direct result of our focused strategy to produce exceptional outcomes for our clients and the commitment of our more than 75,000 people to executing our strategy.”
“The strength of our performance in the third quarter was broad-based. Each of our three global regions produced solid organic growth. Leasing returned to double-digit growth, and was especially strong in the U.S. Revenue growth accelerated in our occupier outsourcing business, as we continue to capitalize on our commanding position in this growing sector. Global property sales saw healthy growth, despite a generally tepid market for transaction activity, reflecting the strength of our brand and ability to take market share. Finally, we also had excellent performance in both of our real estate investment businesses.”
Mr. Sulentic added: “We continue to see healthy momentum across most of our businesses and regions and are increasing our full-year 2017 guidance for adjusted earnings per share to a range of $2.58 to $2.68.”
Third-Quarter 2017 Results
- APAC leasing revenue surged 17% (same local currency), with especially strong growth in Australia, Greater China, India and Japan.
- Americas leasing revenue rose 14% (13% in local currency), and 16% in the United States, paced by strong performance in New York City.
- In EMEA, Germany, Italy and Spain led the way to 7% (4% local currency) growth for the region.
- In the Global Investment Management segment, assets under management (AUM) totaled $98.3 billion, up $10.4 billion, or $2.6 billion excluding the Caledon Capital acquisition, which was completed in August 2017. Positive foreign currency movement added $2.2 billion to AUM versus the prior-year quarter.
- In the Development Services segment, projects in process totaled $5.9 billion, down $1.2 billion from the third quarter of 2016, while the pipeline totaled $5.4 billion, up $1.7 billion in the same period. Fee-only and build-to-suit projects constitute more than 50% of the pipeline.