Colliers International had another record year in 2016 and for the first time revenues in the Americas region topped the $1 billion mark. These results demonstrate excellent year-over-year growth and represent another important step forward in our ambitious five-year plan to double the size of Colliers by 2020.
As one of the leading global players in the massive global real estate services industry we see significant opportunities to continue to take market share, consolidate and add services. Our strategy of internal growth and acquisitions coupled with our highly recognized global brand and proven management team, puts us in an excellent position to capitalize and generate value for our shareholders for many years to come.
NFL Hall of Fame coach Bill Parcells said, “You are what your record says you are.” Over the last 22 years, the Colliers management team has delivered 20% annualized returns to shareholders. This record of performance is unique in our industry and speaks volumes about our ability to execute over the long term. With record results in 2016, the momentum we have achieved so far this year and the opportunities we continue to see, we expect 2017 to result in another significant step forward in achieving our ambitious growth plan.
Let me touch on some of the highlights from 2016:
One of the cornerstones of our strategy is having the most technologically advanced capabilities in the industry. That means continuing to invest in technology. Just after year-end, Colliers introduced a new fully integrated industrial and logistics site selection and incentive negotiation technology – called “Colliers Indsite”. Along with the industry leading Colliers 360 for corporate users … and Colliers Office Expert for office users … Colliers Indsite is another example of the differentiated value Colliers advisors offer our clients.
What has always set Colliers apart is its enterprising culture. Colliers professionals are smart, creative, nimble and entrepreneurial. Being enterprising encourages them to think differently, share great ideas and provide innovative insight to clients. Equally important is the significant equity stake our leadership holds in our company. At almost 25% of the equity, this is more than double our competitive peer group combined. Having money on the table and complete alignment with our shareholders creates even more incentive to go above and beyond for our clients and deliver outstanding returns for shareholders.
Finally, in early January 2017, we reinforced our already strong financial position by expanding our credit facility to US$700 million and extending its term for another five years. The new unsecured facility confirms Colliers’ proven long-term growth strategy, increased scale and geographic and service line diversification. This important move will provide us with additional flexibility as we continue to execute on our strategic growth plan.
Looking ahead to the balance of 2017 and beyond we have every reason to be optimistic. As one of the top players in a $150 billion industry with a highly recognized global brand and proven management, Colliers International is in an excellent position to continue generating exceptional value for shareholders in the years to come.
I would like to thank all our business leaders, professionals and employees for their inspired and enterprising work over the past year. Together we take pride in continuing to build upon our already strong foundation, momentum and market leadership as we write the next chapter in the story of Colliers International.
What sets us apart is not what we do, but how we do it.
Fill out this short form and we'll connect you right away.
Data for your saved properties is currently unavailable, please check back again later.
Select properties to email by checking or unchecking each property to the left.
One or more errors were found with the information you entered into the form. Please correct the information and submit again.
Your message has been sent successfully.
Sorry, there was an error in submitting your email. Please try again later or contact the site administrators if the problem persists
You have no saved properties. Click the 'save' button associated with a property listing to see it displayed here.
The saved properties feature requires cookies to function. Please enable cookies and refresh the page to use this feature.