• CBRE average return on tangible equity for 2023 was 53.86, a 40.81% increase from 2022.
• CBRE average return on tangible equity for 2022 was 91, a 44.65% decline from 2021.
• CBRE average return on tangible equity for 2021 was 62.91, a 37.6% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.