New York, February 11, 2026, 19:09 EST — After-hours
- CBRE shares were last down about 12% after-hours after a sharp regular-session selloff.
- The drop tracked a wider “AI scare trade” that has punished fee-heavy service firms.
- Investors’ next read comes Thursday morning, when CBRE is set to discuss quarterly results.
CBRE Group shares slumped on Wednesday and were last down 12.1% at $149.49 in after-hours trading. The stock opened at $171.02, touched $171.51 and sank as low as $144.39, while rivals Jones Lang LaSalle and Cushman & Wakefield also fell double digits.
The timing matters. CBRE is due to talk results on Thursday, and the stock’s sudden reset raises the stakes for any read on commercial-property deal flow heading into the next session.
It also lands in a market that has started to punish businesses seen as high-fee and people-heavy. A note cited by Investing.com called it the latest “AI scare trade” — investors dumping models they think can be automated — and quoted Keefe, Bruyette & Woods analyst Jade Rahmani saying money was rotating out of “high-fee, labor-intensive” firms viewed as vulnerable to AI-driven disruption. (Investing)
The anxiety has been building for days. Reuters reported that AI developer Anthropic’s launch of plug-ins for its Claude Cowork agent helped rattle markets last week, pushing the S&P 500 software and services index down as much as 17% in six sessions through last Thursday. (Reuters)
On Tuesday, the same theme hit U.S. brokerage stocks after wealth-management startup Altruist rolled out AI-enabled tax planning tools. “Traders sell first and ask questions later,” Dennis Dick, chief market strategist at Stock Trader Network, told Reuters. (Reuters)
For CBRE, the worry is less about machines touring office towers and more about software taking over pieces of marketing, research and client work that have long supported commission-style fees. The company also has a large facilities management arm that tends to be steadier than transaction-heavy brokerage revenue.
Thursday’s discussion could reshape that narrative quickly. Investors will listen for any change in tone on capital markets and leasing activity, and for early signposts on 2026 demand as corporate occupiers and investors weigh rates, financing and still-uneven office conditions.
Consensus expectations are still constructive. Refinitiv’s estimate compiled by Kiplinger calls for about $2.67 in earnings per share for the quarter; earnings per share is profit allocated to each share. (Kiplinger)
But the risk cuts both ways. If management strikes a cautious note on hiring, pricing or pipelines, the stock could stay under pressure even without a clean earnings miss. If AI disruption proves slower to show up in real-world dealmaking, Wednesday’s air-pocket could look like a fast, sentiment-driven overshoot.
The next catalyst is close: CBRE’s Q4 2025 earnings conference call is scheduled for 8:30 a.m. ET on Thursday. After Wednesday’s rout, investors will be listening for anything on productivity tools, fee pressure and how quickly transaction activity is returning. (Cbre)
