CBRE Group (CBRE) risk factors: FY2025 10-K

1. Our performance is significantly related to general economic, political and regulatory conditions and, accordingly, our business, operations and financial condition could be materially adversely affected by economic slowdowns, liquidity constraints, inflationary pressures, significant rises in interest rates, significant public health events, fiscal or political uncertainty and possible subsequent downturns in commercial real estate asset values, property sales and leasing activities in the geographies or industry sectors that we or our clients serve.Interest rates
2. Adverse developments in the credit markets may materially harm our business, results of operations and financial condition.

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1. Currency fluctuations could have a material adverse effect on our business, financial condition and operating results.
2. The global nature of our operations subject us to international social, political, legal and economic risks across a number of jurisdictions.new
3. We have numerous local, regional and global competitors across all of our business lines and the geographies that we serve, and further industry consolidation, fragmentation or innovation could lead to significant future competition.
4. Our growth and financial performance have benefited significantly from acquisitions, which may not perform as expected and similar opportunities may not be available in the future.
5. Our brand and reputation are key assets of our company, and our business may be affected by how we are perceived in the marketplace.
6. Our REI businesses, including our real estate investment programs and co-investment activities, subject us to performance and real estate investment risks which could cause fluctuations in our earnings and cash flow and impact our ability to raise capital for future investments.
7. The success of our BOE business depends on our ability to enter into mutually beneficial contracts, deliver high quality levels of service, manage our contractual obligations and accurately assess working capital requirements.reworded
8. We have concentrations of business with large clients, which may cause increased credit risk and greater impact from the loss of certain clients and increased risks from higher limitations of liability in contracts.
9. A significant portion of our loan origination and servicing business depends upon our relationships with U.S. Government Sponsored Enterprises (GSEs).
10. A failure by third parties to comply with service level agreements or regulatory or legal requirements could result in economic and reputational harm to us.
11. Our success depends upon the retention of our senior management, as well as our ability to attract and retain qualified and experienced employees.
12. Our policies, procedures and programs to safeguard the health, safety and security of our employees and others may not be adequate.
13. We may be subject to actual or perceived conflicts of interest.
14. Catastrophic events, failures or negligence impacting the buildings that we manage may lead to significant financial liability and reputational harm, including as a result of litigation, government fines and penalties
15. Infrastructure disruptions, risks related to climate change, including physical and transition risks, social activism, geopolitical tensions, and other similar events may disrupt our ability to manage real estate for clients or may adversely affect the value of real estate investments we make on behalf of clients.
16. Our joint venture activities and affiliate program involve risks that are often outside of our control and that, if realized, could materially harm our business.

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1. Our debt instruments impose operating and financial restrictions on us, and in the event of a default, all of our borrowings would become immediately due and payable.
2. We have limited restrictions on the amount of additional recourse debt we are able to incur, which may intensify the risks associated with our leverage, including our ability to service our indebtedness. In addition, in the event of a credit-ratings downgrade, our ability to borrow and the costs of such borrowings could be adversely affected.
3. Our variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly and potentially limit our ability to effectively refinance our indebtedness as it matures.Interest rates

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1. Failure to maintain and execute information technology strategies and ensure that our employees adapt to changes in technology could materially and adversely affect our ability to remain competitive in the market.
2. Interruption or failure of our information technology, communications systems or data services could impair our ability to provide our services effectively, which could damage our reputation and materially harm our operating results.
3. Failure to protect and maintain the security of our information and technology networks, including personal information and other client information, intellectual property and proprietary business information could materially adversely affect us.reworded
4. Our business is subject to complex and evolving United States and international laws and regulations regarding privacy, data protection, and cybersecurity. Many of these laws and regulations are subject to change and uncertain interpretation and could result in claims, increased cost of operations or otherwise harm our business.Cybersecurity

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1. We are subject to various litigation and regulatory risks and may face financial liabilities and/or damage to our reputation as a result of litigation or regulatory investigations or proceedings.
2. Our businesses, financial condition, results of operations and prospects could be adversely affected by new laws or regulations or by changes in existing laws or regulations or the application thereof. If we fail to comply with laws and regulations applicable to us, or make incorrect determinations in complex tax regimes, we may incur material financial penalties.
3. Evolving corporate governance and public disclosure regulations and expectations, including with respect to sustainability matters, could expose us to risks.
4. Exposure to additional tax liabilities and changes in tax laws and regulations could adversely affect our financial results.

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1. If we are unable to maintain effective internal control over financial reporting, investors may lose confidence in the accuracy and completeness of our financial reports and our results of operations and stock price could be materially adversely affected.
2. Our goodwill and other intangible assets could become impaired, which may require us to take material non-cash charges against earnings.

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Headings in the FY2024 10-K with no match this year.

1. Our operations are subject to international social, political and economic risks in foreign countries.
2. We have equity investments in certain companies or projects that we do not control, which subject us to risks related to their respective businesses.