Commercial real estate has seen its fair share of challenges since the beginning of the pandemic this year. In this article, I’m focused on CBRE Group (CBRE), which is a worldwide leader in real estate services. Since the start of the year, its shares have widely underperformed the market, with a -24% return on a YTD basis. I evaluate what makes CBRE an attractive investment at the current valuation; so let’s get started.
A Look Into CBRE Group
CBRE is a leading global real estate services company with deep insights into macro and local real estate markets. It operates with three primary lines of business. Its Advisory Services segment participates in real estate transactions, property management, and valuation services. Global Workplace Solutions helps clients with strategy, consulting, and facilities management. Lastly, its Real Estate Investments segment helps clients with project development and also acts as an investment manager. Last year,