CIGI Stock Forecast & Price Target

Colliers International Group Inc has demonstrated a robust financial performance with a 12% year-over-year revenue growth in its Real Estate Services segment for Q4, primarily driven by a remarkable 23% increase in Capital Markets revenue. Leasing activity exceeded estimates by 5.5%, resulting in a 13% year-on-year revenue growth, with significant contributions from the office, industrial, and retail asset classes globally. Furthermore, the company is projected to maintain a strong EBITDA mix, with approximately 79% of its 2025 estimated Adjusted EBITDA coming from recurring or cyclically resilient segments, highlighting a positive outlook for sustained financial performance.

Colliers International Group Inc. has experienced a slight decline in its net revenue EBITDA margin, decreasing from 13.5% to 12.8% year-over-year, primarily attributed to weather-related seasonality affecting recently acquired businesses. The company anticipates that margins for 2025 will remain flat or modestly decrease relative to 2024 due to ongoing investments, fundraising, and accelerated operational integration. Additionally, Q4 results revealed an EBITDA of $225.3 million, which was 4% below consensus expectations, alongside a decrease in projected EPS for 2025 and 2026 of 4.5% and 4.2%, respectively, indicating potential challenges in maintaining profitability.