New York, Feb 11, 2026, 13:04 EST — Session in progress
Shares of CBRE Group Inc (NYSE: CBRE) tumbled roughly 12.4% to $149.25 on Wednesday, starting the day near $171 before dipping as low as $147.92. Zillow Group took a bigger hit, dropping 16.6%, and Rocket Companies slid 9.2%. Peers in commercial real estate services also saw steep declines, with Jones Lang LaSalle down about 11% and Cushman & Wakefield falling close to 10%.
This comes just a day ahead of CBRE’s quarterly earnings report, where analysts expect revenue around $11.66 billion and adjusted earnings of $2.68 per share, according to a StockStory preview. The same report noted that CBRE beat estimates in the previous quarter. 1
Bond yields climbed following a surprisingly strong U.S. jobs report, a development that tends to weigh on rate-sensitive real estate stocks. “January’s employment report was a blockbuster with improvement across the board,” said Eric Merlis, co-head of global markets at Citizens. 2
Housing stocks took a hit following Zillow’s forecast for first-quarter adjusted EBITDA between $160 million and $175 million, falling short of expectations, Barron’s reported. Adjusted EBITDA excludes interest, taxes, and non-cash expenses like depreciation and amortization. 3
CBRE came into Wednesday’s trading after hitting a fresh 52-week peak the previous day, soaring to roughly $174.05 on Tuesday, according to MarketBeat. 4
CBRE is a commercial real estate services and investment firm covering advisory, building operations, facilities services, project management, and real estate investments, according to a Reuters company profile. 5
The upcoming earnings report will probably determine if Wednesday’s slump holds. Investors are betting on transaction activity leveling off and believe the company’s outsourcing-focused units can keep chugging along, even if property sales and financing remain spotty.
The risk is clear: if management signals caution on deal flow or margins, or if rising yields further tighten financial conditions, the sell-off could accelerate sharply after hitting new highs. On the flip side, a more optimistic outlook might just as easily push the stock back up.
CBRE plans to publish its fourth-quarter and full-year 2025 earnings around 6:55 a.m. ET on Thursday, followed by a conference call at 8:30 a.m. ET. 6
