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occupancy our and decisions. by economy expectations. globally have double rose Office as to been make both in resilient progress leasing office and digits a grew global every plans on intended to return revenue Leasing region, exceeded growth
see to U.S. strong leasing have in We momentum in April. continued
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our projected confidence we of significant of revenue revenue the our As gives full of million the in already full anticipated locked end achieving commitments growth, our growth $XXX year. of Having much nearly plan. year representing already for in have the net majority us for growth QX, of expected this
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benefit costs over M&A. recent we up GWS' at In are and we've look have and new as expanded time related into added to entered well segment. expenses business. response, a business sectors, of operating fresh Slide of cost are in these already crept our wins, elevated as structure a the executing The substantial actions be and X new the Second, will to Real Estate apparent turn as Investments redundant for cost actions, Please taking QX geographies our discussion new QX. particularly across
This segment's were than better had we significantly lower earnings slightly expected.
billion gain unusually portfolio particularly in increased sales start higher we The fee the As from total, remained to due project cap project. quarter last by large year's while large current previously $X environment. $X of billion a portfolio discussed, development benefited in process our first subdued the activity development a rate an of development value on in to
Investment Fundraising fundraising prior with expectations compared Management to was and due lower infrastructure XXXX. performance return AUM. below was QX with and the Inventors XX% slightly enhanced showing up activity largely strong are for in line appetite year, driven strategies, raising to robust and the in from first the negative by fell FX Recent although quarter's modestly not to expect movements. is $XXX in reflected yet we levels. flow quarter market billion, fund AUM, which
to compensation XXXX. our to driven improved conversion year touch last I has turning flow see and second in free headwinds are flow. quarter, record the by cash of the Cash beginning on Before briefly incentive for reversal earnings to we we consecutive that outlook, experienced want
and We leverage. net X billion turn year expect $X year approximately to of end flow the around of with generate free cash this
please X. to updated on Now Slide outlook turn our
continue sharp expectations we significantly outlook year. remain rate core this the uncertain confident in economic of to Although $X.XX mid-teens growth changed worst. economic Bob interest that take turn to as earn have a Advisory, Within the noted, SOP more range unless the and and is conditions we'll we EPS for $X.XX expect
the activities. leasing compensates Our base scenario Under and subdued sales remains case cuts economy delayed. interest envisions resilient are conditions, for these that faster growth rate
are we the mid-teens SOP still of efforts. our on-boarded, to interest more be decline, half continued the GWS rates. as SOP REI, pronounced second a mentioned, now very also recent heavily Bob anticipate and we see As given we expect cost-cutting for SOP the higher growth impact In will weighted growth segment. wins
development variable in sales the However, than with project the outcomes the key late improved year. of better range the whether market is being for normal,
While REI inevitably market businesses right SOP once these is conditions we unusually now, our growth depressed to lead expect improve.
are Vik look than and initially be corporate I anticipated. efforts, at costs year the COO, per for a Additionally, to lower and our broad-based hard as efficiency them expect Kohli taking
the year core recovery year. Assuming full the year. our reflects later midpoint in property the EPS GWS of our [indiscernible] of businesses of outlook a expect to second the slight range, XX% nearly generate expected of the reductions sales revenue of normal and heavy half weighting in and cost and cadence we This
the control. which growth expectations now Our greater are components to degree driven are our cost XXXX by a for of our business, profit within in
range a our As ability such, line our assumptions. open we'll achieve of that, economic questions. earnings under in operator, With confident the to reasonable we for outlook remain
