CBRE Profit Jumps 95%, Fueled By Data Centers

CBRE strongly outperformed industry expectations in the first quarter, nearly doubling its net income for the same quarter last year and raising earnings guidance by 20% on Thursday. 

The world's largest commercial real estate company increased its net income by more than 95% year-over-year to $318M, according to its first-quarter earnings results. The company also delivered $478M in core adjusted net income to shareholders, a nearly 78% increase from last year...

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RSK: For all the bad vibes data centers are receiving here is a good thing...