CBRE GROUP, INC. responded to SEC staff comments on MD&A
Letter dated
2025-05-27; published on EDGAR 2026-02-11 — the
SEC releases comment letters only after the review closes.
We note your adjustment for Non-cash depreciation and amortization expense related to certain assets attributable to acquisitions to arrive at Core net income attributable to CBRE Group, Inc., as adjusted. Please tell us and revise your filing to clarify the nature of this adjustment, including how it was derived. Further, please tell us and revise your filing to clarify why the exclusion of this expense provides…
Evidence
Direction
company to staff
Letter dated
2025-05-27
Published on edgar
2026-02-11
Reviewing
CBRE Group, Inc. Form 10-K for the year ended December 31, 2024 File No. 001-32205 Dear Mr. McPhun and Ms. Monick: We are responding to your comment letter date
Source
Company response to SEC staff (CORRESP)
Topics
MD&A, Non-GAAP measures, Business combinations, Income taxes, Fair value, Goodwill and impairment, Revenue recognition
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
CBRE GROUP, INC. responded to SEC staff comments on non-GAAP measures
Letter dated
2025-08-07; published on EDGAR 2026-02-11 — the
SEC releases comment letters only after the review closes.
We note your response to prior comment 2. Please clarify for us if any contracts are based on a fixed fee or similar (e.g., based on square footage managed or occupied), such that pass through costs have implied profit margins. To the extent you determine that there is an implied profit margin, please explain to us how you considered Question 100.04 of the Compliance & Disclosure Interpretation on Non-GAAP Financial…
Evidence
Direction
company to staff
Letter dated
2025-08-07
Published on edgar
2026-02-11
Reviewing
CBRE Group, Inc. Form 10-K for the year ended December 31, 2024 File No. 001-32205 Dear Mr. McPhun and Ms. Monick: We are responding to your comment letter date
Source
Company response to SEC staff (CORRESP)
Topics
MD&A, Non-GAAP measures
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
CBRE GROUP, INC. responded to SEC staff comments on MD&A
Letter dated
2025-09-19; published on EDGAR 2026-02-11 — the
SEC releases comment letters only after the review closes.
We note your response to our prior comment 1. Please address the following: • As it pertains to pass-through costs, please further clarify for us the nature and terms of your contracts whose structures include pass-through with implicit pass-through net revenue cost-plus and cost-plus with GMP. In your response, please tell us how you determined these contract structures have an implicit margin, as opposed to an…
Evidence
Direction
company to staff
Letter dated
2025-09-19
Published on edgar
2026-02-11
Reviewing
CBRE Group, Inc. Form 10-K for the year ended December 31, 2024 File No. 001-32205 Dear Mr. McPhun and Ms. Monick: We are responding to your comment letter date
Source
Company response to SEC staff (CORRESP)
Topics
MD&A, Non-GAAP measures
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
SEC staff questioned CBRE GROUP, INC.'s accounting for MD&A
Letter dated
2025-05-15; published on EDGAR 2026-02-11 — the
SEC releases comment letters only after the review closes.
We note your adjustment for Non-cash depreciation and amortization expense related to certain assets attributable to acquisitions to arrive at Core net income attributable to CBRE Group, Inc., as adjusted. Please tell us and revise your filing to clarify the nature of this adjustment, including how it was derived. Further, please tell us and revise your filing to clarify why the exclusion of this expense provides…
Evidence
Direction
staff to company
Letter dated
2025-05-15
Published on edgar
2026-02-11
Reviewing
CBRE Group, Inc. Form 10-K for the fiscal year ended December 31, 2024 File No. 001-32205 Dear Emma E. Giamartino: We have limited our review of your filing to
Source
SEC staff comment letter (UPLOAD)
Topics
MD&A, Non-GAAP measures
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
SEC staff questioned CBRE GROUP, INC.'s accounting for non-GAAP measures
Letter dated
2025-07-11; published on EDGAR 2026-02-11 — the
SEC releases comment letters only after the review closes.
We note your response to prior comment 2. Please clarify for us if any contracts are based on a fixed fee or similar (e.g., based on square footage managed or occupied), such that pass through costs have implied profit margins. To the extent you determine that there is an implied profit margin, please explain to us how you considered Question 100.04 of the Compliance & Disclosure Interpretation on Non-GAAP Financial…
Evidence
Direction
staff to company
Letter dated
2025-07-11
Published on edgar
2026-02-11
Reviewing
CBRE Group, Inc. Form 10-K for the fiscal year ended December 31, 2024 Response dated May 27, 2025 File No. 001-32205 Dear Emma E. Giamartino: We have reviewed
Source
SEC staff comment letter (UPLOAD)
Topics
MD&A, Non-GAAP measures
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
SEC staff questioned CBRE GROUP, INC.'s accounting for MD&A
Letter dated
2025-09-05; published on EDGAR 2026-02-11 — the
SEC releases comment letters only after the review closes.
We note your response to our prior comment 1. Please address the following: • As it pertains to pass-through costs, please further clarify for us the nature and terms of your contracts whose structures include pass-through with implicit pass- through net revenue cost-plus and cost-plus with GMP. In your response, please tell us how you determined these contract structures have an implicit margin, as opposed to an…
Evidence
Direction
staff to company
Letter dated
2025-09-05
Published on edgar
2026-02-11
Reviewing
CBRE Group, Inc. Form 10-K for the fiscal year ended December 31, 2024 Response dated August 7, 2025 File No. 001-32205 Dear Emma E. Giamartino: We have reviewe
Source
SEC staff comment letter (UPLOAD)
Topics
MD&A, Non-GAAP measures
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.