LOS ANGELES-Executives during CBRE Inc.'s Q12012 earnings conference call on April 24 reported favorablenumbers: Revenue for the quarter totaled $1.35 billion (a 14%increase year over year from $1.2 million); an EBIDTA increase of24% from the same quarter last year and net income per dilutedshare moving up from $40.6 million during Q1 2011 to $45.9 millionduring the just completed quarter. Even the selected charges of$18.9 million were viewed in a positive light, matched as they wereto the ING Real Estate Investment Managementacquisition, which CBRE spent much of 2011 completing.

But it wasn't all smiles among the presenting executives. ThoughCEO Brett White, Americas President MikeLafitte and CFO Gil Borok said theAmericas sector was performing well, they acknowledged a cooling inthe European and Asia Pacific market. This led to White'sprediction of continued strength in the company's outsourcingbusiness, along with modest leasing growth, investment salesdependent on region and geographic fundamentals, and investmentmanagement services that would benefit from the ING REIMacquisition.

"The market is recovering, but at an incremental and unevenpace," White said. Even with the uneven pace, "If I'm describing abumpy ride, and revenue's up 14% and we're still affirmingguidance, I'll take that bumpy ride," White noted.