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Stockchase Opinions

Teal LindeColliers International GroupCIGI.TOUnspecifiedDec 11, 2023

It grows organically and by acquisition but when buying another company it leaves 25% of the shares in the hands of existing management which motivates them to make it work. It is the fastest growing global commercial real estate services company.

$148.49

Stock price when the opinion was issued

$129.89

As of Jun 19, 2026. Market Open.

0
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DON'T BUY

Getting into real estate investment management, a pretty good business. Leasing and brokerage and office are not good right now. Hard to get people to come in to work. Trying to diversify. Trusts the CEO. Prefers FSV.

TOP PICK

It is in the real estate sector and rising interest rates have hurt the price. The downturn in the real estate market has been an opportunity and Colliers has been taking advantage of it. Also the brokerage part of the business has been getting no value in the price of the stock. Management has had a great track record over the years.       Buy 8  Hold 1  Sell 0

(Analysts’ price target is $158.15)
PAST TOP PICK
(A Top Pick May 16/22, Down 14%)

It is in the business of real estate. It has grown through acquisitions and does well during downturns.

PAST TOP PICK
(A Top Pick Nov 15/21, Down 28%) Growth stocks sold off globally. Been around for decades. Management delivered 19-20% annualized return over 25 years. Solid. Unique acquisition strategy of leaving 25% shares in hands of original owners, so motivation is more entrepreneurial. He's buying.
COMMENT
Be careful of the real estate space because of rising rates. Commercial properties will have to trade at higher cap rates and therefore lower prices. Treasury bonds have gone quickly from 0% to 4%. He owns short term bonds as cash instead of fixed income.
BUY
Currently owns stock and likes the real estate space. Expecting recovery in office space, but not sure when it will happen. Opportunity for company to take advantage of depressed commercial office space prices. Real estate is a good long term investment.
PAST TOP PICK
(A Top Pick Apr 08/22, Down 4%) Down, but still outperforming the broader TSX. Pressure on growth REITs. Still an excellent business. Couple of acquisitions. Aims to double business by 2025. He'd be a buyer here.
TOP PICK
Another company with a great long term track record with a short term stumble, because of the growth stock sell-off. It has sold off 25% but earnings estimates are up 10%. It is an attractive opportunity since the price is detached from the fundamentals. Buy 6, Hold 1, Sell 0. (Analysts’ price target is $199.95)
TOP PICK
Great way to play the commercial real estate market in over 60 countries. Will continue to grow into a large cap company. Covers wide range of commercial real estate markets. Believes is a long term, quality company. Double digit earnings that will continue. Clean balance sheet, strong financials and strong management team. Lower share price lately is presenting good buying opportunity.
BUY
Office leasing. Despite work changing, CIGI is well positioned to help companies figure out their needs. Not impacted by rising interest rates. Incredibly well managed.
BUY
They are in the asset management space for real estate and should see good tail winds. They have a good growth plan. She owns it and continues to like it.
TOP PICK
Toronto-based real estate company operating globally. They have generated nearly a 20% compound annualized rate of return over the last 26 years. They have rapidly been diversifying into other real-estate services. They are managing over $45 Billion in assets so heading down the path of Brookfield. They are much earlier in their growth cycle, however. (Analysts’ price target is $199.38)
PAST TOP PICK
(A Top Pick Dec 27/19, Up 7%) For a real estate company, it has survived well, due to its industrial real estate holdings. He likes it, but doesn't own it now; the space became too uncertain. He bought it for its yield until the pandemic made real estate too uncertain.
COMMENT
A large company in commercial real estate. Barely pays a dividend, but offers an 11% free cash flow yield that's and growing 91% YOY. It trades at 8x trailing cash flow and boasts a big 25% return on capital in Q4. Earnings to grow 11% in 2020. (Analysts’ price target is $107.83)