Shares of CBRE Group Inc (NYSE: CBRE) surged 5.25% in pre-market trading on Thursday following the release of its impressive third-quarter financial results and an upward revision of its full-year earnings guidance.

The global real estate services firm reported a core adjusted earnings per share of $1.61 for the third quarter, significantly surpassing the analyst consensus estimate of $1.46. This represents a 34.17% increase from the $1.20 per share earned in the same period last year. Revenue for the quarter rose 13.5% year-over-year to $10.258 billion, beating the analyst expectations of $10.135 billion.

CBRE's strong performance was driven by robust growth across its business segments. Global property sales revenue increased by 30%, with particularly strong showings in the Asia Pacific region and the United States. The company also reported an 18% increase in global leasing revenue and a 20% rise in project management revenue. In light of these results, CBRE raised its 2025 core adjusted EPS guidance to a range of $6.25 to $6.35, up from the previous range of $6.10 to $6.20, further boosting investor confidence.