COLLIERS INTERNATIONAL GROUP $58.39 (Toronto symbol CIG ; TSINetwork Rating: Extra Risk) (1-202-695-4200; www.colliers.com; Shares o/s: 36.7 million; Market cap: $2.2 billion; Divd. yield: 0.2%) is one of the world’s top three commercial real estate firms, offering a range of services in the U.S., Canada, Europe, Australia, New Zealand, Asia and Latin America.
The company has 16,300 employees operating from 502 offices in 67 countries.
In the three months ended September 30, 2015, Colliers’ revenue rose 12.8%, to $420.3 million from $372.6 million a year earlier (all figures except share price and market cap in U.S. dollars). If you exclude one-time items, the company’s earnings jumped 57.7%, to $20.0 million from $12.7 million. Per-share profits rose 48.6%, to $0.52 from $0.35, on more shares outstanding.
The company continues to fuel its growth through acquisitions. Its latest is Groupe Immobilier for an undisclosed price. Groupe Immobilier, which has operated in Quebec for more than 30 years, specializes in commercial real estate services and finding tenants for building owners.
The stock needs a continued recovery in global real estate markets to keep rising. Meanwhile, it trades at 17.1 times the $2.35 U.S. a share the company will likely earn in 2016. The stock yields 0.2%.
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