$CIGI.TO

Colliers International Group's Englobe to Acquire Quebec Engineering Firm Pluritec

Colliers International Group (CIGI.TO) after trade Thursday said its Canadian engineering platform, Englobe, signed an agreement to acquire Quebec engineering-consulting firm Pluritec for an undisclosed price.As part of the deal, Pluritec's senior leadership team will become shareholders of Englobe through Colliers' partnership model, the company said.Pluritec brings more than 200 professionals across six offices in southern Quebec, according to the statement."Joining forces with Pluritec's talented group is a pivotal milestone in Englobe's journey in our home province. The addition of their highly complementary capabilities enhances our market-leading position in Quebec, allowing us to deliver end-to-end solutions for complex infrastructure projects here," Englobe President Mike Cormier said.The company's shares closed down $0.99 to $132.08 on the Toronto Stock Exchange.

Colliers International Completes Ayesa Engineering Buy

Colliers International Group (CIGI.TO, CIGI) completed its previously announced acquisition of Ayesa Engineering S.A.U., the engineering division of Ayesa Inversiones S.L.U., the company said on Wednesday."This acquisition strengthens our ability to serve clients in attractive, high-growth markets across Europe, Latin America, the Middle East and South Asia, while broadening our technical capabilities on a global scale," said Colliers Chief Investment Officer and CEO of Engineering Elias Mulamoottil.Shares closed down 1.3% to $132.78 on Tuesday on the Toronto Stock Exchange.

Colliers Announces Normal Course Issuer Bid

Colliers International Group (CIGI.TO, CIGI) said Wednesday that the Toronto Stock Exchange accepted a notice of its intention to make a normal course issuer bid with respect to its outstanding subordinate voting shares.The NCIB will allow the company to purchase through the facilities of the TSX, alternative Canadian Trading Systems or The NASDAQ Stock Market up to 4.3 million subordinate voting shares in total, being approximately 10% of the around 43.85 million shares comprising the "public float" as of May 12, 2026 of such class of shares, the company said.The buyback will begin during the twelve month period starting May 15, 2026 and ending no later than May 14, 2027.All shares purchased under the NCIB will be cancelled.The company's previous NCIB authorized the purchase of up to 4.3 million subordinate voting shares and expired on May 8, 2026. Colliers did not purchase any subordinate voting shares pursuant to this previous NCIB, added the company.

Colliers Announcing Normal Course Issuer Bid

Colliers to Partner with Specialist Engineering and Design Firm

Colliers International Group's (CIGI.TO) U.S. division of its Engineering segment has entered into a definitive agreement to partner with Frankfurt-Short-Bruza Associates P.C. (FSB), the company said on Tuesday.FSB will establish a national aviation practice for Colliers Engineering & Design and "significantly expand" capabilities in the federal, mission-critical and Native American sectors, said the company.Under Colliers' "unique partnership model," FSB's senior leadership team will become "significant shareholders" in Colliers Engineering and play a "key role" in its leadership going forward, it added."This transaction provides Colliers Engineering with immediate access to the high-barrier-to-entry aviation market, where FSB's best-in-class qualifications and longstanding client relationships are critical to success," said the company. "FSB's focus on mission-critical markets also provides a significant opportunity for Colliers Engineering to capitalize on historic demand for data center projects."Terms of the transaction were not disclosed. The transaction is expected to close in the second quarter of 2026, it added."FSB has built an exceptional reputation delivering complex aviation, federal, and mission critical projects," said Kevin L. Haney, PE, President and Chief Executive Officer, Colliers Engineering, U.S. "Their design led culture, deep engineering expertise, and established client relationships are a perfect fit for our organization. We are thrilled to welcome their talented team and expand our capabilities in these growing end markets."

Colliers Declares Unchanged Semi-Annual Dividend of US$0.15/Share

Colliers International Group (CIGI.TO, CIGI) said Monday its board declared a semi-annual cash dividend of US$0.15 per share, unchanged from the previous payout.The dividend will be paid on July 14, to shareholders of record at the close of business on June 30.

RBC Lowers Colliers International Group's Price Target to US$155.00 From US$160.00, Maintains Outperform Rating

RBC Capital Markets maintained its outperform rating on the shares of Colliers International Group (CIGI.TO, CIGI) and lowered its price target to US$155.00 from US$160.00 after the company reported its first-quarter financial results.RBC characterized Q1 as "top-line strong but bottom-line wobbly.""Overall AEBITDA margin declined 67 bps to 9.5%, caused by: 1) CIGI has been investing in recruiting and IT investments to enable AI efficiencies within CRE, 2) Outsourcing had slower growth, 3) Lower utilization in residential development and telecom end markets in Engineering, 4) Higher than expected tax rate in Europe, 5) Integration under Harrison Street platform in IM, which has been well articulated in the past," stated RBC.While 2026 guidance was maintained, it relies on a strong H2, said RBC. CM and leasing appear on track to deliver "strong revenue growth", 25% expected for CM and 8% for leasing in 2026, which RBC expects to more fully flow through to EBITDA in H2, as it did last year. Europe and APAC "could be slowing somewhat" from the Iran war but NA "remains strong notwithstanding rate rise," it further stated."Given macro uncertainties and lingering AI impact overhang where one is 'guilty until proven innocent', CIGI's price action today suggests that the market has no patience for wobbly quarters nor backend-loaded guidance," said RBC in a note dated May 5, 2026.RBC continues to believe that for "patient investors", CIGI offers "good value" even under RBC's "more conservative" 2026 estimates at 13x AEPS and 10.5x AEBITDA."Our new PT of (US)$155 (-3%) is based on forward AEBITDA multiple of 12.5x, reflecting 11x for CRE, 12x for Engineering and 15x for IM. Maintain OP," added RBC.Price: $137.23, Change: $+5.09, Percent Change: +3.85%

Colliers Down 3% In US Premarket As It Posts Q1 Adjusted Earnings Miss, Leaves Outlook Unchanged

Colliers International Group (CIGI.TO, CIGI) was down 3% in US premarket trade at last look Tuesday after it reported a miss on its first quarter adjusted earnings, even though both the adjusted earnings and revenues were up on a year earlier, and said its outlook for 2026 remains unchanged, while including the impact of Ayesa Engineering.The company's first quarter adjusted EPS was US$0.91, compared to $0.87 per share in the corresponding year-ago quarter. The consensus estimates compiled by FactSet for Non GAAP EPS was $0.94 per share.First quarter revenues were $1.31 billion, up from $1.14 billion in the year-ago quarter. Net revenues for the first quarter were $1.15 billion, compared to $993.7 million in the year-ago quarter.The company said its outlook for 2026 remains unchanged and includes the impact of Ayesa Engineering, which is expected to close in late May, while it added the outlook drivers by segment are also unchanged."Colliers delivered a strong start to 2026, demonstrating the strength and durability of our diversified professional services and investment management platform," said Jay S. Hennick, Global Chairman and Chief Executive Officer."We executed to plan in a still uneven operating environment, with continued momentum in our resilient businesses and ongoing improvement in Commercial Real Estate transaction activity. Importantly, our results underscore the platform we've built -- a global business designed to perform through every stage of the economic cycle."During the quarter, we strengthened our leadership team to capitalize on expanding opportunities across Commercial Real Estate and Engineering. We enhanced our financial flexibility with $400 million of long-term debt financing and we extended our revolving credit facility -- positioning us to integrate the acquisition of Ayesa Engineering, which we expect will close later this quarter."Shares in CIGI eased 0.8% in Canada and the United States yesterday.

Colliers Q1 Revenues US$1,313.5 Million

Colliers Q1 Adjusted EPS US$0.91

Stifel Canada Previews Colliers International's Q1 Results

Stifel Canada is expecting Colliers International's (CIGI.TO, CIGI) first-quarter revenue to increase 10% to US$1.255 billion.Analyst Daryl Young, who is maintaining a buy rating and US$175.00 price target on the shares, is expecting adjusted EBITDA of US$120.2 million (consensus: US$122.1 million) at 9.6% margins (down 60bps y/y). The lower margins reflect investment management (IM) platform integration costs, he says.Young believes the broader fundraising market remains sluggish amid unease related to the Middle East conflict, interest rate volatility, and slower monetization activity. "To be clear, CIGI's IM platform operates in more niche segments of the private markets and has limited direct exposure to current private market challenges, but we think the broader sentiment may be an overhang to fundraising."The company reports its quarterly earnings after market close on May 5.Price: $143.86, Change: $-7.60, Percent Change: -5.02%

Stifel Canada on Implications of CBRE Q1 Beat For Colliers International

CBRE Groups's (CBRE) first-quarter earnings beat and higher full-year 2026 guidance bodes well for Colliers International (CIGI.TO), notes Stifel Canada.Analyst Daryl Young, who is maintaining a US$175.00 price target and buy rating on Colliers shares, says CBRE'S results, released last week, confirm his view that the commercial real estate sector has moved passed its cyclical trough and is entering a multi-year growth phase."In our view, CBRE's results and outlook point to very constructive industry fundamentals that should be supportive for CIGI's upcoming results/outlook. However, the sector remains caught in AI headlines (job losses potentially reducing office demand, broker disintermediation, and new competition), plus broader recession/interest rate overhangs amid the Middle-East conflict," he writes.While CBRE reiterated that it expects more upside than downside from AI for its business (including efficiency gains, profound data center opportunities around critical infrastructure, and M&A), investors continue to grapple with possible terminal value implications, Landry adds."Our sense is that CIGI and its peers will continue to report healthy fundamentals, but their shares could remain "guilty until proven innocent"."On Stifel's 2026 estimates, CIGI is trading at 14.6x EPS, compared with CBRE at 19.5x and CRE peers at 14.9x. The engineering firms are at 17-22x.Price: $148.42, Change: $-0.46, Percent Change: -0.31%