CBRE Group management check
CBRE · Real Estate · Real Estate Services · CEO Robert E. Sulentic
Filings as of
4 good · 2 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $256, against $168 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.63 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
2.1% of net income$24.3m of reported pay in fiscal 2025, against $1.2bn of net income.
- n/a
Do they own the stock?
No recent CEO filingLight activity: no buys, $1.1m sold in six months. 5 of 5 sales ran on pre-arranged 10b5-1 plans.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -1.9% a year over the last three fiscal years. Stock-based pay was 0.3% of revenue in the latest year.
- Watch
Is leadership stable?
12 leadership filings in 3 yearsCEO in the pay table: Robert E. Sulentic. 12 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Real Estate.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 45 | |
| Pay for performance | 81 | 86 | |
| CEO cost | 23 | 23 | |
| Skin in the game | — | — | 32 |
| Dilution | 74 | 23 | |
| Stable leadership | 65 | 85 | |
| Clean books | 100 | 100 |
Closest peers
Others in Real Estate Services, by management score. CBRE Group is 5th of 29 in its sector.
- 125VMRKVivmark Residential74
- 128CBRECBRE Group74
- 138REGRegency Centers73
- 155PLDPrologis72
- 167MAAMid-America Apartment Communities71
- 413CSGPCoStar Group52
Pay versus performance
From the proxy statement filed April 3, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Robert E. Sulentic | $24.3m | $45.6m | $7.1m | $256 | $168 | $1.2bn |
| 2024 | — | $21.6m | $49.6m | $6.4m | $209 | $142 | $968.0m |
| 2023 | — | $18.4m | $16.8m | $5.4m | $148 | $123 | $985.7m |
| 2022 | — | $25.9m | $1.7m | $5.3m | $123 | $104 | $1.4bn |
| 2021 | — | $13.9m | $67.4m | $6.1m | $173 | $165 | $1.8bn |
The board says pay is tied most to Core EPS. Its other key measures: Core Earnings per share (Core EPS), Core EBITDA, Segment Operating Profit, Relative TSR, Relative Adjusted EPS Growth.
Insiders and the CEO's stake
Light activity: no buys, $1.1m sold in six months. 5 of 5 sales ran on pre-arranged 10b5-1 plans.
- SoldEmma E. GiamartinoCFO & Chief Investment Officer · 10b5-1 plan$628kAug 13, 2026
- SoldVikramaditya KohliCOO & CEO, Advisory Services · 10b5-1 plan$400kJul 29, 2026
- SoldChad J DoellingerChief Legal & Admin. Officer · 10b5-1 plan$49kAug 13, 2026
Leadership and governance on file
- Mar 23, 2026Leadership change8-K 5.02
- Feb 27, 2026Leadership change8-K 5.02
- Feb 26, 2026Leadership change8-K 5.02
- Aug 12, 2025Leadership change8-K 5.02
- May 23, 2025Leadership change8-K 5.02
- Mar 7, 2025Leadership change8-K 5.02
- Jan 3, 2025Leadership change8-K 5.02
- Dec 6, 2024Leadership change8-K 5.02
- Jul 8, 2024Leadership change8-K 5.02
- Apr 5, 2024Leadership change8-K 5.02
- Mar 11, 2024Leadership change8-K 5.02
- Feb 23, 2024Leadership change8-K 5.02
Latest shareholder vote results: May 22, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $4.5bn returned to owners in buybacks and dividends, 70% of net income, and $707.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $26.9bn | $30.2bn | $31.5bn | $35.2bn | $39.9bn |
| Net income | $1.8bn | $1.4bn | $986.0m | $968.0m | $1.2bn |
| Stock-based pay | $185.0m | $160.0m | $96.0m | $146.0m | $120.0m |
| Buybacks | $369.0m | $1.9bn | $665.0m | $627.0m | $968.0m |
| Dividends | — | — | — | — | — |
| Diluted shares | 340m | 328m | 313m | 308m | 301m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.