CBRE Group, Inc. (NYSE:CBRE) announced that it was the top-ranked real estate company on Fortune’s World’s Most Admired Company roster for the third consecutive year. It is the ninth year that CBRE has been named a Fortune Most Admired Company.
Fortune grades companies on attributes related to corporate performance based on surveys of industry participants. CBRE led the real estate sector on six key performance attributes—financial soundness, global competitiveness, management quality, people management, service quality and use of corporate assets—and placed second in corporate responsibility.
“Our performance on this key measure of corporate reputation is a testament to the way our people came together to meet the past year’s challenges and deliver great outcomes for our clients,” said Bob Sulentic, president and chief executive officer of CBRE. “Their unwavering focus on excellence continues to distinguish CBRE in the real estate marketplace.”
Drawing from a base of some 1,500 companies, Fortune evaluated 670 companies from 30 countries in determining the World’s Most Admired Companies. The real estate sector encompasses REITs, property owners, hotel and health care facility operators, residential firms and other companies. Fortune surveys board directors, executives and financial analysts to determine the individual company scores and rankings.