The following is a summary of the Colliers International Group Inc. (CIGI) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Colliers reported Q3 revenue of $1.2 billion, up 11% year-over-year.

• Adjusted EBITDA for the third quarter was $155 million, up 6% over the prior year.

• Revenue growth was strong in the capital markets segments, particularly in the Americas and Asia Pacific regions, while revenue from the engineering segment was flat due to a challenging comparative from the previous year.

• Assets under management increased by $2.4 billion to $98.8 billion, benefitting from positive market adjustments and foreign exchange gains.

Business Progress:

• Colliers has restructured its operating segments to better align with the company's growth potential.

• Strong growth was observed across realigned segments, notably in real estate services where capital markets revenues rose 17%.

• The company continues its aggressive recruitment strategy to bolster its market position and capitalize on improving market conditions.

• Investment in technology and personnel was noted, aimed at enhancing the company's service offerings and operational efficiency.

• Colliers was included in Time's list of world's best companies and Forbes world's best employers, affirming its industry leadership and operational success.

Opportunities:

• Expected improvements in capital markets and enhanced investment strategies present potential growth in 2025.

• The company has a robust M&A pipeline that could foster further growth and services expansion.

• Fundraising efforts and new fund launches in 2025 are anticipated to augment the investment management division.

Risks:

• Fundraising for the investment management segment fell below expectations, reflecting broader industry trends, but is expected to improve in 2025.

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