Cushman & Wakefield targets 18% to 23% 2026 adjusted EPS growth while shifting to balanced capital allocation (NYSE:CWK)

Cushman & Wakefield (CWK) advised on the $115M sale of 225 W. Wacker Drive in Chicago to Prime Finance and Hines. The 31-story office tower, home to Cushman & Wakefield as an anchor tenant, underwent recent improvements. The property is one of the largest office towers sold in downtown Chicago since 2022, according to Cushman & Wakefield.

Cushman & Wakefield (CWK) reported Q3 earnings, noting minimal impact from rising interest rates on its capital markets pipeline. Adjusted EBITDA increased in Americas and Asia Pacific but declined in EMEA due to lower brokerage revenue. Services revenue grew 5% globally, with project management up 10%. The company redeemed $150M in debt early, reducing net leverage to 2.9x. Free cash flow was $200M, up $36M YoY.

Cushman & Wakefield reported Q3 revenue growth of 8% and adjusted EBITDA up 15%, with net income rising 1%. Americas and APAC regions drove growth, while EMEA showed softness. The company had $1.5B in liquidity and retired its nearest debt maturity post-quarter.

Cushman & Wakefield (CWK) reported Q3 2026 revenue of $2.8B, up 8%, with adjusted EBITDA rising 16% to $184M. Adjusted EPS increased 28% to $0.37. The company highlighted strong growth in leasing and capital markets, reduced leverage, and improved free cash flow. Management emphasized a balanced capital allocation strategy, including organic growth, selective M&A, and potential share repurchases.

Cushman & Wakefield (CWK) reported Q3 2026 revenue of $2.81B, up 8%, and EPS of $0.37, up 28%. The company exceeded expectations, with strong growth in Americas and APAC, while EMEA faced challenges. Management reaffirmed full-year guidance and highlighted debt reduction progress. The stock rose 3.89% premarket.

Cushman & Wakefield reported Q3 2026 revenue of $2.81B, exceeding estimates by 1.1% and growing 7.7% YoY. Adjusted EPS was $0.37, a 3.8% beat. Adjusted EBITDA was $183.7M, a 0.8% beat. Operating margin remained steady at 4.6%, but free cash flow margin declined to 6.3%.