CBRE Group, Inc. announced that it was the top-ranked real estate company on Fortune’s World’s Most Admired Company roster for the second year in a row. It is the eighth straight year that CBRE has been named a Fortune Most Admired Company.
“This is a key measure of corporate reputation and we are proud that our people’s strong focus on excellence in every aspect of our business has once again made us the top real estate company on Fortune’s Most Admired list,” said Bob Sulentic, president and chief executive officer of CBRE.
Fortune grades companies on nine attributes related to corporate performance, based on surveys of industry participants. CBRE led the real estate sector on eight key performance attributes – financial soundness, global capabilities, innovation, long-term investment, management quality, people management, service quality, and use of corporate assets – and placed second in corporate responsibility.
Drawing from a base of some 1,500 companies, Fortune evaluated 680 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.