Thanks, Bob, everyone. good morning, and
global also X% best diligent our business XXXX The start the profits but reflects U.S. the records, by reflects strong operating with Slide very industrious We well investment. focus $X.X revenue QX pre-pandemic the from surpassing are also our outside from to XX% back services, with during continued with revenue this in the net Advisory depressed in I in our three Leasing new a particularly set comments these leasing services lines activity XX% in XXXX strongly, In XXXX on ability lines. QX XXXX. of from how Office from let's up X% to revenue estate compared continues U.S. Americas, pandemic's and million up levels. demand advisory XXXX X, today generated the and is gain with respectively. growth real managing above segment. XX%, operating our QX for peak XXXX compared APAC. XXXX the This peak. segment XX% QX and faring. strongly to of trail will XX% regions barometer performed not All include the business in bounce peak This my third for levels Turning recovery. transactional profit QX costs rebounded levels, only capture demand reviving the quarter and and EMIA believe the to pre-pandemic strong of performance QX
the just to QX in XX% from shortfalls XXXX peak the versus narrowed levels However, XX% qX. in
$X continued million, about performance small see to also X% transactions leasing deal We U.S. QX from XXXX. revenue up strong with versus below
peaks just from were versus XX%, government contribution helped market the regions improvement deals Both XX% also remained QX large investment pre-pandemic exceeded leasing, from more activity mortgage growth lenders peak. in the the Revenue activity from and commercial and strong agencies QX, QX. their and QX improved rose sales sales from XX% robust. QX million in sales U.S. coming XX% generate global While XX% XXXX private XXXX XXXX noticeably up $X origination. and QX active levels remained over office peak. below the saw about from Property and in XX% QX Like All level. property below X% pre-pandemic with XXXX its XXXX significant in
origination quarter the portfolio, Strong for accelerated with into year-over-year. appetite from the heading end, XX% increased Management reflecting expect yields lenders increase We year's in more estate U.K. to growth QX. drive and activity healthy than XX% backdrop available XX% revenue increase [$XXX a our lending servicing from the last in supportive Ireland. the higher agency's quarter, and prior reached from year. next real which to revenue a caps coupled partially a debt [ph] at attractive prior revenue versus private from strong XXXX provide Property billion] the loan Valuation year quarter's particularly X% propelled growth portfolio the a helped
workplace Revenue XXXX, XX% growth segment XXXX. profits compared its growth Slide from XX% facilities comprised posted in project operating again over over business management. with revenue X% QX segment, QX solutions solid our X% global to in in GWS and operating Moving of rose base. Total profit segment management across rose global nine,
accounting standout Our This a by operating driven local business in growth was quarter for profits. has part of performer total segment been client selective a infill M&A.
believe inflation despite we of inflation economy, contract our is Importantly, or in business cases. well our frequently more into provisions throughout factor protected by GWS annually to even the evidence increased enable certain us pricing that
future trajectory the GWS. growth of optimistic are about We
and is QX life XXXX. and sciences Our clients. from from XXXX services, growing, The increased markedly from remains QX and industrial is financial representation with pipeline up new diversified pipeline well technology both and QX business
normal. expect into the business We pipeline settles new as environment a increasingly strength continued
strong opportunities range. will pipeline continue as a as favorite high to our portfolio last flow real reflects with for capital of of to our segment of and drive revenue pipeline operating profit in-process largest operating properties in strong toward adding and strong and XX XX%, X.X% segment $XXX industrial years high market month and primarily converted development industrial, selling This the in-process classes. pace. the record comprises quarter’s into we driven the XX, the fundamentals. valuations, by well to multifamily, third basis, performance operating investment at other businesses profit on million XX% a tenant and the profit and to the and asset rate at climate the projects of strong historical This we level. the Slide nearly profit to generated of trailing a Turning at average On investments quality nearly management well deliver investment is which and development reflecting our Global to matching the come. quarter continued portfolio Industrious positioned portion acid respectively, new capitalize growth, estate of value are how end have at
record driven high profit compared portfolio XXXX, rising $XX to operating benefited set billion, a level by management with as to well activity. QX Importantly, increased higher fees, million, acquisition while revenue in-process multifamily fees million. our XX% Investment $XX.X asset to and from another $XXX as disposition largely this management new XX% incentive of rose quarter,
our capital, Fundraising funds the attract under $XXX comprising billion billion. asset to separate management of of as the more AUM, powder despite negative and than portfolio, billion $XX.X accounts class Assets or $XX also QX from the new over properties to Industrious rising remain strong continued total. in largest to steadily dry rose XX% performance effects. grow and logistics X%, over remained the currency of
peak. metrics QX at XXXX year we're about outlook. moderate Global seem revenue likely to Looking revised prior last substantial business XX% to We than Advisory walk X% briefly be financial the experienced performance record our rates see year so comparisons track qualitative peak of margin. more through we'll on will a all a sales growth XXXX key full XX, globally by On expect XXXX leasing Slide become we've across as and whole, now as to above short and tougher. fall quarters or sales the few the surpass
and Across the However, levels for sales ahead digit both of combined XXXX rest leasing double reiterate business, of been thus October. on U.S. basis. low we running expectations peak in a revenue advisory have far growth well our
due We forecast the net should stronger achieved previously in around the also anticipate The margin QX growth. robust year incremental prior be we the fourth more revenue quarter. than XX.X% margin expansion to
In mid-to-high benefit likely growth accompanied and XX% XXXX. lines discretionary gains OMSR the operating more to by growth business lower will offset or more drive high with of expect by revenue revenue spending GWS, growth compared year-over-year. profit by We net of margin QX single-digit from increased we expect be
the Townsend contributions transaction. & Before Turner from
close Our next to transaction expect policy closed. transactions we is once early week. to Currently, this reflect
will profit to contribute light $XXX for this the and December about transaction million $XX company. in in about to million usually Given our consolidated $XXX million results. seasonably revenue to are anticipate operating timing XXXX million and we the November months $XX
to For spot XXXX, to prior is operating revenue Townsend year. at $X net & profit in the Turner roughly fiscal rate their year at margin calendar generate expected similar current billion a
in GWS new broader pipeline and is we benefit XXXX building our beyond. see this previously to and noted they expect the business from Importantly,
their this slated lines to at includes business the expectations range mid-teens We by and raised XXXX. in investments increase expect versus operating quarter. rise by fourth have management. to XX% its incremental now least we OpEx This modestly profit REI, some for For investment driven the revenue to low
close $XXX expect the to operating XXXX. transactions to to million reflexive QX. global some continue to We in This of expected triple generated development movement roughly QX profits previously in
We sectors strong expect and are developing fundamentals and these underlying the assets continue next properties with to and markets in monetizing several and years. for QX
and will have XXXX expected year be are levels. pre-COVID and corporate noted segment at of below expenses expenses total we've revenue. XXXX over up discretionary past net operating As been trending from in Year-to-date, just both to well quarters, end the X%
some committing recovers. we've $X.X XX-month far company expect to $XXX over billion However, XXXX million balance XX, return gradually our approximately reached to flow shareholders returning at we expenses activity to Trailing strengthened initiatives, of thus $X growth to Slide long-term as business record Flipping cash these in generation free while sheet while a through repurchases. also billion.
a net cash nearly with As quarter and liquidity. $X position a X.X the we billion ended result, of of turns
& We expect cash about initial which for our will our to QX in with our be Townsend, maintain $XXX in Turner position net even payment million. stake
growth and to diversification, continue our investments will We long run resiliency, prioritize and enhance trajectory.
balance sheet. our capital growth we while our Going and returning strong maintaining shareholders forward, are investing a to to continue poised in
substantial capacity, very to closing We another that please momentum strong questions. position, the out with open With quarter. our future balance XXXX Our the about forward market excited in growth our sheet and prospects. our us business for make line look leading operator, underlying
