CBRE maintained its full-year core earnings per share (EPS) guidance of $7.80 to $7.90 on its third-quarter 2026 earnings call, held on Oct. 22, 2026. Management expects infrastructure services revenue, including mechanical, electrical and plumbing (MEP) projects for data centers, to reach nearly $7 billion in 2027, growing more than 40% from this year. Higher interest rates are weighing on property sales and mortgage origination, but contract-based facilities and project management businesses are offsetting this and delivering double-digit growth. The company is prioritizing M&A over share buybacks, having slowed repurchases in Q3 to fund the Onnec deal and expecting that to continue through Q4. Management said interest rate volatility is delaying deals into 2027, expects rates to stabilize in the back half of next year, and still sees a path to 15% core EPS growth in 2027.
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