CBRE Group, Inc. (NYSE:CBRE) Q3 2024 Results Conference Call October 24, 2024 8:30 AM ET
Company Participants
Chandni Luthra - Executive Vice President, Head of FP&A and Investor Relations
Bob Sulentic - Chair & Chief Executive Officer
Emma Giamartino - Chief Financial Officer
Conference Call Participants
Michael Griffin - Citi
Anthony Paolone - JPMorgan Chase
Steve Sakwa - Evercore ISI
Stephen Sheldon - William Blair
Ronald Kamdem - Morgan Stanley
Jade Rahmani - KBW
Peter Abramowitz - Jefferies
Operator
Greetings, and welcome to the CBRE Third Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce Chandni Luthra, EVP, Global Head of FP&A and IR. Thank you. You may begin.
Chandni Luthra
Good morning, everyone, and welcome to CBRE's Third Quarter 2024 Earnings Conference Call. Earlier today, we posted a presentation deck on our website that you can use to follow along with our prepared remarks and an Excel file that contains additional supplemental materials.
Today's presentation contains forward-looking statements, including without limitation, statements concerning our business outlook, our business plans and capital allocation strategy, the timing of expected asset sales and our earnings and cash flow outlook.
Forward-looking statements are predictions, projections or other statements about future events. These statements involve risks and uncertainties that may cause actual results and trends to differ materially from those projected. 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 SEC filings. 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'm joined on today's call by Bob Sulentic, our Chair and CEO; and Emma Giamartino, our Chief Financial Officer.
Throughout their remarks, when Bob and Emma cite financial performance relative to expectations, they are referring to actual results against the outlook we provided on our Q2 2024 earnings call in July, unless otherwise noted. Also, as a reminder, our resilient businesses include facilities management, project management, property management, loan servicing, valuation and asset management fee in our investment management business. Our transactional businesses comprise sales, leasing, market origination, carried interest and incentive fee in the investment management business and development fee. Finally, Unless otherwise noted, whenever we site growth rates, we are referring to the percentage change versus the 2023 3rd quarter in U.S. dollars.