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Shares of Colliers Intl Grou (NASDAQ:CIGI) remained unaffected at $53.11 after the company reported Q1 results.Quarterly Results Earnings per share rose 5.88% year over year to $0.54, which beat the estimate of $0.48.Revenue of $630,628,000 less by 0.71% year over year, which missed the estimate of $685,070,000.Looking Ahead Colliers Intl Gr hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: Apr 28, 2020View more earnings on CIGITime: 03:00 PM ETWebcast URL: https://edge.media-server.com/mmc/p/rj6sckkvRecent Stock Performance Company's 52-week high was at $92.06Company's 52-week low was at $33.93Price action over last quarter: down 39.33%Company Overview Colliers International Group Inc is a real estate services and investment management company. The company has operations in over 60 countries to provide expert advice and services to maximize the value of the property for real estate occupiers, owners, and investors. It offers services to the investor, developers, and occupiers which includes source capital solutions, services for commercial and residential property developers, on a local, regional, national and international basis, Infrastructure consulting, Design & Build, and Market research.See more from Benzinga * Amerant Bancorp: Q1 Earnings Insights * Turning Point Brands: Q1 Earnings Insights * Affimed: Q4 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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A recent surge in online shopping has led local industrial real estate brokers to anticipate an absorption boom once the virus recedes and social distancing mandates are lifted. The big question, however, is whether the anticipated uptick in demand tied to e-commerce will be enough to offset uncertainty created by record-low oil prices.
The pandemic has all but stopped significant leasing activity in local office markets as the commercial real estate world figures out what its next move will be.
A team of brokers from Colliers International Tampa Bay has closed two big warehouse deals in Tampa: an $18 million lease and the sale of a last-mile distribution facility. Refresco Beverages has leased the 364,084-square-foot warehouse that was previously home to Southern Wine & Spirits in a deal valued at over $18 million. Colliers' Ryan Vaught, executive managing director, and managing director Robyn Hurrell represented the landlord, South Carolina-based RealOp Investments, in the transaction.
RBC Capital analyst Matt Logan reiterated a Buy rating on Colliers International Group (NASDAQ:CIGI) on Tuesday, setting a price target of $80, which is approximately 60.32% above the present share price of $49.9.
Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers”) announced today that it has priced its previously announced offering of convertible senior subordinated notes due 2025 (the “Notes”) pursuant to private placement exemptions (the “Offering”). Colliers will issue US$200 million aggregate principal amount of Notes, or US$230 million aggregate principal amount if the over-allotment option is exercised in full. Colliers intends to use the net proceeds of the Offering to repay a portion of its indebtedness under its revolving credit facility, which will then be available to be drawn, as required, for working capital, acquisitions and associated contingent purchase consideration and general corporate purposes.
Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers”) announced today the closing of its previously announced offering of 4.00% convertible senior subordinated notes due 2025 (the “Notes”) pursuant to private placement exemptions (the “Offering”) for gross proceeds of US$230 million (including US$30 million pursuant to the exercise of the initial purchasers’ over-allotment option). Colliers intends to use the net proceeds of the Offering to repay a portion of its indebtedness under its revolving credit facility, which will then be available to be drawn, as required, for working capital, acquisitions and associated contingent purchase consideration and general corporate purposes. The initial conversion rate for the Notes is 17.2507 subordinate voting shares (the “Subordinate Voting Shares”) per US$1,000 principal amount of Notes, equivalent to an initial conversion price of approximately US$57.97 per Subordinate Voting Share.
Legal counsel requires us to advise that the discussion scheduled to take place today may contain forward-looking statements that involve known and unknown risks and uncertainties. Actual results may materially differ from any future results, performance or achievements contemplated in forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company's annual information form as filed with the Canadian Securities Administrators and the Company's annual report on Form 40-F as filed with the US Securities and Exchange Commission.
How far off is Colliers International Group Inc. (TSE:CIGI) from its intrinsic value? Using the most recent financial...
TORONTO, May 20, 2020 -- Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) ("Colliers") announced today that its board of directors has declared a semi-annual cash.
Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers”) announced today that it is offering US$200 million aggregate principal amount of convertible senior subordinated notes due 2025 (the “Notes”) pursuant to private placement exemptions (the “Offering”). Colliers intends to use the net proceeds of the Offering to repay a portion of its indebtedness under its revolving credit facility, which will then be available to be drawn, as required, for working capital, acquisitions and associated contingent purchase consideration and general corporate purposes. Colliers expects to grant the initial purchasers of the Notes a 30-day option to purchase up to an additional US$30 million aggregate principal amount of Notes.
Colliers International (NASDAQ and TSX: CIGI) is working with its Class of 2018 and 2019 proptech companies to deliver virtual tools that help our people and clients navigate the impacts of COVID-19. The enhanced solutions leverage technologies such as artificial intelligence, augmented and virtual reality, data analytics, machine learning and blockchain to solve big business challenges. “As COVID-19 accelerates the commercial real estate industry’s transition to digital solutions, we are seeing the potential benefits of our partnerships move into sharper focus,” said Zach Michaud, VP of Strategic Investments at Colliers International.
Colliers International (CIGI) delivered earnings and revenue surprises of 0.00% and -2.84%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
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Leading global commercial real estate services firm Colliers International Group Inc. (Nasdaq and TSX: CIGI) is pleased to announce that it has been selected for the 2020 Global Outsourcing 100 list by IAOP® for the 14th straight year. Colliers also earned an All Star distinction from IAOP® for receiving top scores in the following major categories: Customer References, Awards & Certifications, Programs for Innovation and Programs for Corporate Social Responsibility.
Operating highlights: Three months ended March 31 (in millions of US$, except EPS)2020 2019 Revenues$630.6 $635.1 Adjusted EBITDA (note 1) 54.5 43.6 Adjusted.
A new Colliers Canada report shows that 21 per cent of 7,100 retail, industrial and office tenants surveyed requested April rent relief as Canadian businesses continued to slow or shut during the COVID-19 pandemic. Of these commercial tenants, close to half indicated that they could not afford to make their rent payment.
Colliers (CIGI) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.