TSE:CIGI

Colliers International Gr (CIGI.TO)

127.93
-2.13 (1.64%)
as of Sep 25, 2026, 6:11:38 pm Market Open.
88 watching
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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)
DON'T BUY

FSV vs. CIGI He prefers First Service, which is less volatile and more sustainable. Colliers just let go of their head of real estate for misbehaviour, so there's management turmoil. In a recession, Colliers will get hit harder, because there will be fewer transactions in commercial real estate, which is Colliers' business.

COMMENT
It's a corporation, not a REIT. Affects how they pay out their distribution, and their structure. An asset light model. They're into growth, and they like to reinvest, so that's why their distribution is so low. Quite volatile, cyclical, very small float. So gets hit harder on down days.
HOLD
He owns this and sees great growth opportunities. They recently made an acquisition in Virginia as an example. He will continue to hold them.
BUY ON WEAKNESS

He likes it. It's been a little weak though done well over the past year. They just acquired a big Chicago-based real estate company. A great sector with lots of upside. As the global economy does well, so will this. Hold and buy on dips.

TOP PICK

One of the world’s most important real estate vendors. You just have this amazing shaving of the stock that provides opportunity. They have diversified currencies across the world. Just completed an acquisition in the Netherlands. It is a new issue but well held.

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