Los Angeles | January 22, 2020 - CBRE Group, Inc. (NYSE:CBRE) today announced that it was the top-ranked real estate company on Fortune’s World’s Most Admired Company roster for the second year in a row. It is the eighth straight year that CBRE has been named a Fortune Most Admired Company.
Fortune grades companies on nine attributes related to corporate performance, based on surveys of industry participants. CBRE led the real estate sector on eight key performance attributes – financial soundness, global capabilities, innovation, long-term investment, management quality, people management, service quality, and use of corporate assets – and placed second in corporate responsibility.
“This is a key measure of corporate reputation and we are proud that our people’s strong focus on excellence in every aspect of our business has once again made us the top real estate company on Fortune’s Most Admired list,” said Bob Sulentic, president and chief executive officer of CBRE.
Anshuman Magazine, Chairman & CEO, India, South East Asia, Middle East and Africa also said, “This award is a testimony of the things we have been doing right across all aspects of our business, including our growing focus on our people. It also signifies our consistent adherence to the global best practices and standards in all areas of our operations. While we have achieved this amazing milestone, we will continue to explore newer areas of excellence and lead by example.”
Drawing from a base of some 1,500 companies, Fortune evaluated 680 companies from 30 countries in determining the World’s Most Admired Companies. The real estate sector encompasses REITs, property owners, hotel and health care facility operators, residential firms and other companies. Fortune surveys board directors, executives and financial analysts to determine the individual company scores and rankings.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
