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CBRE Group (CBRE) Q1 2023 Earnings Call Transcript

Apr. 27, 2023 3:22 PM ETCBRE Group, Inc. (CBRE)
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CBRE Group (NYSE:CBRE) Q1 2023 Earnings Conference Call April 26, 2023 8:30 AM ET

Company Participants

Brad Burke - SVP, IR

Bob Sulentic - President, CEO

Emma Giamartino - CFO

Conference Call Participants

Chandni Luthra - Goldman Sachs

Steve Sakwa - Evercore ISI

Anthony Paolone - JPMorgan

Jade Rahmani - KBW

Michael Griffin - Citi

Stephen Sheldon - William Blair

Patrick O'Shaughnessy - Raymond James


Greetings, and welcome to CBRE's First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Brad Burke, Senior Vice President of Investor Relations and Strategic Finance. Thank you, Brad. You may begin.

Brad Burke

Good morning, everyone, and welcome to CBRE's first quarter 2023 earnings conference call. Earlier today, we posted a presentation deck on our website that you can use all along with our prepared remarks and an Excel file that contains additional supplemental materials.

Before we kick off today's call, I'll remind you that today's presentation contains forward-looking statements, including, without limitation, statements concerning our earnings 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 President and CEO; and Emma Giamartino, our Chief

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