CBRE Group, Inc. (CBRE) CEO Bob Sulentic on Q1 2022 Results - Earnings Call Transcript

CBRE Group, Inc. (NYSE:CBRE) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET

Company Participants

Kristyn Farahmand – Senior Vice President-Investor Relations and Strategic Finance

Emma Giamartino – Global Group President, Chief Financial Officer and Chief Investment Officer

Bob Sulentic – President and Chief Executive Officer

Conference Call Participants

Chandni Luthra – Goldman Sachs

Steve Sakwa – Evercore ISI

Anthony Paolone – JPMorgan

David Farnum – Raymond James

Jade Rahmani – KBW

Stephen Sheldon – William Blair

Operator

Greetings and welcome to the CBRE’s Q1 2022 Earnings Conference Call. At this time, all participants are a listen-only mode. A question and answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would like to turn this conference over to your host, Ms. Kristyn Farahmand, Senior Vice President of Investor Relations and Strategic Finance. Thank you. Ma'am you may begin your presentation.

Kristyn Farahmand

Good morning, everyone, and welcome to CBRE's first 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, along with a presentation slide deck that you can use to follow along with our prepared remarks as well as an Excel file that contains additional supplemental materials.

Before we kick off today's call, I'll remind you that this 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 2022 qualitative outlook, operations, market share, capital deployment strategy and share repurchases, financial performance, including net leverage, profitability, expenses, and effective tax rate, the business environment and the effect of the COVID pandemic and geo-political tension, the integration and performance of acquisitions and other transactions 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. You should be aware that these statements should be considered estimates only and certain factors may affect us in the future and could cause actual results to differ materially from those expressed in these forward-looking statements. 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.