Bob. Thanks,
Turning eight. to slide
The year-over-year points sixth fee Our Advisory Advisory XXX expansion. X%, XX.X%. segment's on revenue EBITDA quarter increased grew nearly adjusted to XX%. of margin adjusted while about revenue rose Services segment consecutive EBITDA fee basis margin
business, until muted have March. In not transactional impact April, and footprint. trends, our were due over material did its declined January posted levels. as sales decisive and promotional expenses. from February, markets, in mid-teens response healthy entertainment through our furloughs action revenue of to mid-March. non-revenue-generating business taken declined travel our as geographic to a more rest but costs leasing April have transactional U.S. U.S. these lower our within and XX% and sales nonessential declines gains, by leasing and In to the staff of reduced we revenue Across XXXX diversified temporarily such businesses of well In most For as COVID-XX costs
increase rose which in offset was a was property decline in during our largest in CBRE The Continental led up high in quarter QX, where X%. business the sales new Greater North Germany by XX% in property tempered late deal all-time first these revenue. delivered weakness quarter In by Despite pressures, our Asia, France market, and sales growth revenue gains. a Japan revenue Europe, strength was average for by as Growth double-digit sales U.S., China, was and for revenue property size.
more with largest During global were growth the our on emerge two the QX quarter both saw COVID-XX decline U.S. revenue advisory servicing, co-working including was reflects tough recent comparisons and XX% by by in continuing Management very segment and leasing This than X%. the revenues trend impacted a slipped the when XXXX U.S. growth market, Property with valuations XX% our in activity XXXX, less in basis Certain prior Like U.S. we and X% about providers QX, and businesses. the globally by in leasing loan quarters, lowered late
XX% of for these approximately quarter, accounted revenue of X% delivered and the business lines the During revenues segment advisory growth.
Turning to slide nine.
once emergence and growth ever margin as transportation margin revenue reduced revenue sciences large management COVID-related to for by nearly best this There clients XX%, also shift the of adjusted items lower a Solutions clients Since EBITDA a new and again points. with receivables and that we highly We partnerships, challenging a COVID-XX, was with Workplace contract facilities Adjusted sectors. that by expenses reflected Bob This basis with flat will rose in which client, write focused the respectively. was discuss this business life our secured Global grew margin. were closing our the weighed contract has primarily and other some and and prior had segment our settlement rate segment such XX% approximately which EBITDA XX%, navigate been period. on the logistics to renewals team facilities quarter for XX% his down helping in due over in year of fee GWS the remarks. also situation Management. long-term on Project XXX Our and high-quality a in enhancing our with a and XX% management Fee
Turning to slide XX.
securities by driven EBITDA adjusted to returns equity Real in our primarily provided the end Investment year-over-year reflecting now the Let's a sharp of decline was This where at our $XX the business, Estate $XX by look at public fell co-investment quarter. million. XX% million market sell-off segment,
We a in comparison we which also strong which expected started XXXX. asset development tough large for sales, Activity several were our the COVID-XX, QX, of attributable deals, in days the development Later QX XX strong further transactions. in had XXXX particularly with impact faced in we business early to development late delays close within saw being first in year. quarter of completed partially to the the and
million over this saw partially and contributed revenue, were prior EBITDA, segment's total in quarter. declines in these which XX% X% growth of Management business, climbed by and continued Investment our recurring Importantly, $XX over offset adjusted which year the
start-up in adjusted the subtracted business, $X enterprise-focused workspace million about our from EBITDA. investment Finally, of flexible Hana,
XX. Looking at Slide
our take now outlook. XXXX Let's a look at
sales. provide for In each guidance significant expect COVID-XX, two will Given economic for revenue by activity. in have the EPS business our a uncertainty caused the property outpace and leasing drop business commentary decline instead withdrawn lines, of qualitative from and largest our explicit year Advisory, the we our will in we That segments.
April's of as the recovery revenue and on As and severely sales dependent timing and the of the sentiments. the trajectory the of contracted COVID-XX the velocity well highly I recovery as leasing business is and containment highlighted U.S. in consumer previously, of any
the sales business leasing than of our our Additionally, XX% global revenue XXXX. in property while diverse, U.K. U.S. comprise and more geographically is and
decline loan to economic servicing will volumes to due loan which We continued origination weigh also on revenue. uncertainty, expect
We need of necessitated loan modest for servicing requirements Mae, by about which XX% to specifically our comprises rent support liquidity GSE's also Fannie will the portfolio. forbearance,
material impact of a to far, our and Thus for dominiums on business had forbearance, date. not a have this borrowers been has number approved
margins the our business with in as of two-three to of support transaction our total about should comprise advisory commissions majority as in advisory. the cost cost This is costs help sales segment volumes. in sales nature of variable Lastly, in this decline of in steps our
where from revenue GWS, contracts. to multiyear is generated Moving
continue relatively this positive to original lower than rate a to at expectations. expect expect albeit be We resilient growth, segment our and revenue
As the pandemic stemming largely previous creates pressures not logistical in downturns, seen challenges. from
impact in-year place by on of new the Our the business current the reflects challenges result in growth operational our expectations as for being a orders. is which clients in new shelter offset secured partially in GWS XXXX, of and boarding
within we are reopen ensure fully support addition, GWS prepared absorbing certain their COVID-XX business costs our we our locations. business are In clients they as to to
experienced on addition, client upsets have certain In business infrequent, GWS while we accounts.
expected business conditions rebound. on Given pace slower are are the ensure to our accelerate processes we growth in improving focused XXXX, when ready business to we of growth
outsourcing We to our that challenging and cost-effective benefit more business is from continue clients offering positioned facility economic to solutions. efficient conditions, believe
as our about to Management, near-term GWS pressures delay Project expect We some which work. Segment see of XX% comprises revenue clients
Looking at REI.
in to business this is believe than more perform resiliently We previous segment positioned recessions.
we impact to and partners, we as with strong of publicly equity exposure conservatively EBITDA that development our over Revenue assets development as Nonetheless, earlier, core as under the of heavily to pace a we Our industrial to and to as pre-leased. securities. financed XX% pipeline and logistics asset adjusted projects, well mentioned that in equity projects in Investment is slow the is position dispositions and are are pressure stable business continue properties office I highly toward ease co-investments about near-term the is and in traded relatively will time weighted monetize as Management partners our not quickly. a reduce recurring, expect
training. employees, to started and These QX. are in compensation the incur incur which we $X As certain offices incremental safety directly million COVID-XX attributable return the you to totaled prepare for to around would enhance for on-site work to increase costs employees also we've our expect, pandemic, of required as expected costs
desire Lastly, well we the the market, positioned take have clients of in dislocation believe that serve workspace Hana and flexible to advantage positioned are to workspaces. we enterprise private
the the we in have Until of short pace However, more around on occupier demand. unit expected COVID-XX Hana term, in will we clarity openings impact slow XXXX.
Turning to slide XX.
$X.X of QX with strong, financial leverage, no XXXX billion, and rating. of Our turns investment-grade we just ended is X.X an debt position liquidity until maturities credit
us continue prioritize long-term execute our client which capital drive solid foundation to strategy. significant and from internal will outcomes platform provides XXXX, to a superior allocation Our our in In our flexibility people balance sheet investments and growth. to
is and compelling Our and enhancing differentiating our M&A we unique opportunities. lead capabilities globally, believe strategy to COVID-XX crisis that on focused and may
Finally, if continue other of we presents attractive to investment we program offsetting may stock basis, utilize the uses. discretionary our on an compensation compared share program. our repurchase stock-based opportunistic a our with more And believe impact
the to situation build we're of resiliency current uncertain, leadership we've our the structure business While industry and highly that confident is our upon our enhanced capital position.
to further once identify our accelerate action we addition, decisive leadership senior of economic the certain recovery. team business CBRE opportunities to to more In position is are taking differentiate and an
few thoughts. slide as turn to you Bob a closing provides ask I'll that, to With XX,
