CBRE Posts Record Revenue and Earnings, but Interest Rate Spikes Could Keep Buyers Sidelined
Wide-moat-rated CBRE's fourth-quarter results exceeded management's guidance and our expectations. Revenue and earnings reached all-time highs in 2017 as the global economy continued to grow. Occupier outsourcing fee revenue grew 17% in the quarter, while leasing revenue grew 11%. CBRE ended the quarter with record financial strength. Management stated that it's comfortable reducing leverage at the end of cycles, but won’t hesitate to increase leverage early in a cycle. For now, we see the compa...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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