CBRE has seen its earnings per diluted share jump 17% to $1.43 in 2013, from $1.22 for the prior year.
CBRE has seen its earnings per diluted share jump 17% to $1.43 in 2013, from $1.22 for the prior year.
Revenue in 2013 reached $7.2 bn, up 10% versus the prior year ($6.5 bn), the Los Angeles-based company said.
Net income for 2013 rose 19% to $474.3 mln from $399.4 mln in 2012, while on a US GAAP basis, it came in at $316.5 mln, or $0.95 per diluted share for 2013, as compared to $315.6 mln, or $0.97 per diluted share for 2012.
Among CBRE’s geographic regions, revenue growth during the fourth quarter was led by a strong performance in Europe, the Middle East and Africa (EMEA), where revenue increased 21% (18% in local currency). The UK, in particular, generated exceptional results with a 28% (27% in local currency) revenue increase.
'This completes an impressive full-year performance with significant year-on-year growth reported across all our transactional and non-transactional businesses, particularly capital markets and property management,' commented Michael Strong, executive chairman, CBRE - EMEA.
He added: 'We enter the new year with momentum and enthusiasm to further grow and invest in our business to meet the ever-changing needs of our international client-base.'