Cushman & Wakefield PLC
F:2IY

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Cushman & Wakefield PLC Logo
Cushman & Wakefield PLC
F:2IY
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Price: 12.8 EUR -3.76% Market Closed
Market Cap: €2.9B

Cushman & Wakefield PLC
Investor Relations

Cushman & Wakefield helps companies and property owners buy, sell, lease, manage, and value commercial real estate. It works on offices, industrial buildings, retail space, warehouses, and other income-producing properties. Its services include brokerage for leasing and sales, property management, valuation, project and facilities management, and advice on real estate strategy. Its main customers are landlords, tenants, investors, developers, and lenders. A landlord may hire Cushman & Wakefield to find tenants or manage a building, while a tenant may use it to find space or negotiate a lease. The company makes money through commissions, advisory fees, management fees, and other service charges tied to real estate transactions and ongoing property work. What makes the business model different is that it sits in the middle of the commercial property market rather than owning most of the buildings it handles. That means it earns from helping other people make real estate decisions and keep properties running smoothly. Its role is part broker, part advisor, and part outsourced operator for commercial property portfolios.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 7, 2026
AI Summary
Q1 2026

Topline: Cushman & Wakefield said first-quarter revenue rose 9% to $2.5 billion, with adjusted EBITDA up 15% to $111 million and adjusted EPS up 67% to $0.15.

Outlook: Management left full-year 2026 guidance unchanged, still expecting revenue growth of 6% to 8% and adjusted EPS growth of 15% to 20%.

Leasing strength: Leasing was a standout, growing 17% and marking the highest first-quarter leasing revenue in company history, helped by broad-based demand in office and industrial.

Capital markets: Capital markets posted its sixth straight quarter of double-digit revenue growth, with 14% global growth and especially strong performance in the Americas.

AI tailwind: Management described AI as a long-term demand driver, saying it could add 330 million more square feet of space demand over the next decade and is already helping leasing and data center work.

Balance sheet: The company announced a $100 million note redemption, bringing total debt prepayments since the start of 2024 to about $600 million and moving toward its 2x net leverage target in 2028.

Key Financials
Revenue
$2.5 billion
Adjusted EBITDA
$111 million
Adjusted EPS
$0.15
Leasing revenue growth
17%
Capital markets revenue growth
14%
Services revenue growth
7%
Institutional client revenue growth
32%
Americas leasing growth
19%
EMEA leasing growth
10%
APAC leasing growth
9%
Industrial capital markets growth
25%
Cash and cash equivalents
$600 million
Total liquidity
$1.6 billion
Net leverage ratio
3.1x
Free cash flow conversion
70%
Debt prepayments since start of 2024
approximately $600 million
Note redemption
$100 million
AI-related additional demand
330 million more square feet
APAC data center projects
50 technical advisory data center projects
Earnings Call Recording
Other Earnings Calls

Management

Ms. Michelle Marie MacKay
Global CEO & Director
No Bio Available
Mr. Andrew McDonald
Global President & COO
No Bio Available
Mr. Neil O. Johnston
Executive VP & Global CFO
No Bio Available
Ms. Noelle J. Perkins
Executive VP, General Counsel & Corporate Secretary
No Bio Available
Mr. Nathaniel Robinson
Chief Investment & Strategy Officer
No Bio Available
Ms. Laurida Sayed
Chief Accounting Officer
No Bio Available
Andrew Phipps
Head-Business Development, EMEA & Global Futurist
No Bio Available
Ms. Sal Companieh
Chief Digital & Information Officer
No Bio Available
Ms. Megan McGrath
Senior Vice President of Investor Relations
No Bio Available
Ms. Emily Kehinde
Chief Marketing Officer
No Bio Available

Contacts

Address
London
125 Old Broad Street
Contacts
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