CIGI Stock Forecast & Price Target

Colliers International Group Inc. demonstrated strong financial performance, with Capital Markets revenue increasing by 23% year-over-year in Q4, driven by significant growth in the Real Estate Services segment, which achieved 12% revenue growth during the same period. Additionally, leasing activity exceeded expectations, resulting in a 13% year-over-year increase in revenues, supported by robust activity across office, industrial, and retail asset classes globally. The company is expected to further capitalize on this momentum, with projections indicating a 27.5% year-over-year growth in Capital Markets revenue, illustrating a favorable outlook based on the enhanced recurring EBITDA mix anticipated for 2025.

Colliers International Group Inc has reported a slight decrease in net revenue EBITDA margin, declining to 12.8% from 13.5% year-over-year, largely attributed to weather-related seasonality within recently acquired businesses. Forecasts for 2025 suggest that EBITDA margins will remain flat or decline modestly compared to 2024, indicating ongoing challenges as the company continues investments and operational integration. Additionally, the company's Q4 performance fell short of expectations, with reported EBITDA of $225.3 million being 4% below consensus estimates and a concurrent decrease in EPS projections for 2025 and 2026 by 4.5% and 4.2%, respectively, further highlighting financial pressures.