CBRE Group, Inc. (CBRE) Q3 2022 Earnings Call Transcript

CBRE Group, Inc. (NYSE:CBRE) Q3 2022 Earnings Conference Call October 27, 2022 8:30 AM ET

Company Participants

Brad Burke - Head, IR

Robert Sulentic - President and CEO

Emma Giamartino - CFO and Investment Officer

Conference Call Participants

Chandni Luthra - Goldman Sachs

Anthony Paolone - JPMorgan

Steve Sakwa - Evercore ISI

Jade rahmani - KBW

Stephen Sheldon - William Blair

Patrick O'Shaughnessy - Raymond James

Operator

Greetings and welcome to the CBRE Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Brad Burke, Senior Vice President of Investor Relation and Strategic Finance. Thank you. Please go ahead.

Brad Burke

Good morning, everyone and welcome to CBER's third quarter 2022 earnings conference call. Earlier today, we issued a press release announcing our financial results, which is posted on the Investor Relations page of our website, CBRE.com. There you will also find a presentation deck that you can use to follow along with our prepared remarks and an Excel file that contains additional supplemental materials.

Before we kick off today's call, I'll remind you that our presentation contains forward looking statements that involve a number of risks and uncertainties. Examples of these statements include our expectations regarding CBRE's, future growth prospects, including our 2022 outlook, operations, market share, capital deployment strategy, investments and share repurchases, financial performance, foreign exchange impacts, cost management, the business environment, and any other statements regarding matters that are not historical fact. We urge you to consider these factors and remind you that we undertake no obligation to update the information contained on this call to reflect subsequent events or circumstances. For a full discussion of the risks and other factors that may impact these forward-looking statements, please refer to this morning's earnings release and our most recent annual and quarterly reports filed on Form 10-K and Form 10-Q respectively.

We have provided reconciliations of the non-GAAP financial measures discussed on our call to the most directly comparable GAAP measures, together with explanations of these measures in our presentation deck appendix. I am joined on today's call by Bob Sulentic, our President and CEO, and Emma Giamartino, our Chief Financial and Investment Officer.

Now please turn to Slide 5 as I turn the call over to Bob.