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CBRE has increased its full-year 2026 earnings forecast after reporting strong second-quarter results, supported by growing demand for leasing, facilities management and building operations services. The expansion of artificial intelligence infrastructure and data centres continues to create opportunities across the commercial real estate sector, driving property development, leasing activity and asset management. The company also reported double-digit growth in revenue and earnings during the quarter, with revenue exceeding analysts' expectations, reflecting sustained momentum across its business segments.
CBRE has raised its full-year 2026 profit outlook after reporting stronger financial performance in the second quarter, supported by increasing demand for its leasing, facilities management and building operations services as data centre development continues to accelerate.
The growing investment in artificial intelligence infrastructure has helped improve activity across parts of the commercial real estate market. Rising demand for data centres has contributed to higher levels of property acquisitions, new development projects and leasing activity, creating business opportunities for real estate service providers such as CBRE.
The Dallas, Texas-based company, which provides leasing, mortgage, property management and development services, has revised its full-year 2026 core earnings per share guidance to between USD 7.80 and USD 7.90, compared with its previous forecast of USD 7.60 to USD 7.80.
During the second quarter ended June 30, revenue from CBRE's Building Operations and Experience segment increased 14.6% year-on-year to USD 6.69 billion, reflecting continued demand for facilities management and workplace services. The company reported core earnings per share of USD 1.56 for the quarter, up from USD 1.20 in the corresponding period last year.
CBRE's total quarterly revenue rose 15.5% year-on-year to USD 11.23 billion, exceeding analysts' expectations of USD 11.18 billion, according to data compiled by LSEG. The latest results add to signs that segments of the commercial real estate market are benefiting from increased investment in digital infrastructure. While traditional office markets continue to recover at varying speeds, demand linked to hyperscale data centres and AI-related facilities has become an important driver for leasing, project management and property services businesses.
Source Reuters
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