July 30, 2015
Two of the larger commercial real estate brokerage houses posted strong financial results over their most recent quarters. CBRE and JLL both reported double-digit earnings increases during their Q2 periods.
CBRE’s earnings were at 42 cents per share, up a nice 17 percent from the same year-ago period. The firm’s revenues also rose 12 percent, hitting just under $2.4 billion. It was the seventh time in the last eight quarters that CBRE hit double digit gains in both categories.
Meanwhile, JLL, saw its earnings hit $2.01 per share, up 20 percent from the prior year. Its revenue also rose 7.5 percent, making it to $1.37 billion.
Apparently, though, both companies were impacted negatively by foreign exchange impacts.