Is Colliers International Group a Buy?

Colliers International Group (NASDAQ: CIGI) is a well-known brand in the world of commercial real estate (CRE), but the Canadian firm has long expanded well beyond brokerage services into diversified professional services and investment management. Colliers now has 15,000 employees and operations in 67 countries, and it makes its money through a combination of capital markets, corporate solutions, landlord and tenant representation, occupier services, project and real estate management, and valuation and advisory services. Colliers has provided investors with a compound annual growth rate (CAGR) of nearly 20% for more than 25 years -- including the years before FirstService and Colliers International became separate companies in 2015 -- and currently has annualized revenues of about $3.3 billion and $40 billion in assets under management (AUM).