CBRE — what changed in the latest 10-Q
A section-by-section comparison of CBRE's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-22 vs the prior 10-Q · 2026-07-29
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +129 | −172 | ~158 | 251 |
| Market risk (Item 3) | Text added/removed | +1 | 0 | ~16 | 34 |
| Controls & procedures | Text added/removed | 0 | 0 | ~4 | 12 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +6 | −13 | ~2 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-22
Outsized investments in artificial intelligence and data center buildouts have fueled continued strong demand for
critical infrastructure services, while large occupiers’ growing appetite for outsourcing services continued to underpin demand
for facilities management and project management activities. The commercial real estate market recovery continued. In the
third quarter, leasing volumes were notably strong in the U.K., while growth in the U.S. was muted given a tougher year-ago
comparison. Global investment sales activity remained strong, most notably in the U.S.; however, transaction activity slowed
Text removed vs the prior filing · source: 10-Q · 2026-07-29
The strong recovery of the commercial real estate market continued in the first half of 2026. This is reflected in
increased property leasing and sales activity, particularly in the U.S. Leasing activity in the U.S. remained strong across all
property types, led by industrial and office, while global activity continued to strengthen in international markets as well.
During the second quarter, investment sales activity improved significantly in the U.S., while growth was more modest in
overseas markets. Investment activity has been supported by broad capital availability, improved occupancy market
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-10-22
(1)The GBP pre-tax loss during the nine months ended September 30, 2026 is driven by the $168 million provision associated with Telford's fire safety
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-22
Mr. Lopez terminated the Trading Plan on August 11, 2026. The Trading Plan was intended to satisfy the affirmative defense
conditions of Rule 10b5-1(c) and was adopted on April 24, 2026. The Trading Plan provided for the purchase of 500 shares of
the company’s Class A common stock and was originally scheduled to terminate on the earlier of August 12, 2027 and the date
on which all shares under the plan were purchased. The adoption of the Trading Plan, and its subsequent termination, each
occurred during an authorized trading period and when Mr. Lopez was not in possession of material non-public information.
Text removed vs the prior filing · source: 10-Q · 2026-07-29
during the three months ended June 30, 2026, our Chief Legal & Administrative Officer, Chad J. Doellinger, entered into a
Rule 10b5-1 Trading Plan (the Doellinger Trading Plan) to sell shares of the company’s Class A common stock.
The table below provides certain information regarding the Trading Plans.
(1)The Doellinger Trading Plan covers the sale of (i) 228 shares of the company’s Class A common stock and (ii) up to 5,304 shares of the company’s Class
A common stock in connection with the vesting of certain stock unit grants in 2027. The actual number of shares to be sold under this arrangement will be
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice