Cushman & Wakefield Stock Soars 38.74% on Strong Q1 Earnings
1min read Cushman & Wakefield's stock surged by 38.74% in pre-market trading on May 1, 2025, marking a significant rise that has caught the attention of investors and analysts alike.
Cushman & Wakefield reported a strong first quarter for 2025, with revenue reaching $2.28 billion, surpassing analyst estimates of $2.23 billion. This represents a 4.6% year-on-year growth and a 2.5% beat. The company's valuation business saw a 30% increase in bid volume, with March setting a two-year record for the volume of bids. In services, the firm has shown consistent growth over the past two years.
Ask Aime: What's behind Cushman & Wakefield's 38.74% leap in pre-market trading?
Cushman & Wakefield's CEO, Michelle MacKay, highlighted the company's strategic focus on long-term growth. The firm's net income for the first quarter of 2025 was $1.9 million, a notable improvement from the $28.8 million loss reported in the same period last year. The company's EBITDA also increased by 23% compared to the first quarter of 2024, reaching $96.2 million. MacKay attributed this success to the company's disciplined investments and strong market positioning.
The firm's brokerage business, which includes leasing and capital markets, grew by 8% and 11% respectively. Leasing revenues increased from $381.7 million in the first quarter of 2024 to $412.5 million in the first quarter of 2025, driven by renewed demand for U.S. office space and industrial properties. The company expects leasing growth to remain in the mid-single digits for the full year, with capital markets growth exceeding the mid-single-digit growth rate of 2024.
