Colliers International Group Inc.

forward-looking statements that involve known and unknown risks and uncertainties. Actual results may be maturely different from any future results, performance, or achievements contemplated in the forward-looking statements. Additional information concerning factors that could cause actual results to maturely differ from those in the forward-looking statements is contained in the company's annual information form as filed with the Canadian Securities Administrators And the company's annual report on Form 40F was filed with the U.S. Securities and Exchange Commission. As a reminder, today's call is being recorded. Today is Thursday, August 1, 2024. And at this time, for opening remarks and introductions, I would like to turn the call over to the Global Chairman and Chief Executive Officer, Mr. Jay Hennick. Please go ahead, sir.

Thank you, Operator. Good morning, and thanks for joining us for the second quarter conference call. I'm Jay Hennick, Chairman and Chief Executive Officer of the company. With me today is Chris McLernan, CEO of Real Estate Services, and Christian Mayer, our Chief Financial Officer. As always, this call is being webcast and is available in the investor relations section of our website, along with a presentation slide deck. During the quarter, Collier's delivered solid results with growth across all service lines and segments. Leasing revenues exceeded expectations while capital markets saw modest growth for the first time in 24 months, albeit from a relatively low bar. With lower interest rates, greater availability of debt, and the narrowing of bid-ask spreads, we anticipate that deal activity and therefore sales volumes for Collier's should begin to recover from here. As expected, our high value recurring service lines outsourcing and advisory and investment management continue to deliver solid and predictable growth during the quarter. Assets under management were slightly over $96 billion. Since our business continues to meet expectations, we're maintaining our financial outlook for the year as Christian will elaborate on shortly. Earlier this week, we completed the previously announced acquisition of Englobe, a leading multi-disciplined engineering, environmental, and inspection services platform. This acquisition establishes Colliers as one of the top players in Canada, complements our rapidly growing engineering operations across the US and Australia, and aligns with our strategy of increasing our high-value recurring revenue streams, which will now represent 72% of our earnings. Having such a large percentage of recurring earnings further underscores the Collier's highly differentiated business model and sets us further apart from the others. Since 2015, our committed leadership team with substantial ownership has continued to reposition our company to create growth and value for shareholders. One step at a time, we have grown Colliers into the global leader it is in commercial real estate, and then expanded our business to include three complementary growth engines, real estate services, engineering, and investment management. With the acquisition of Englobe, our engineering and project management capabilities have now reached scale, with over 8,000 employees generating about $1.3 billion in annualized revenues. As a result, beginning in the third quarter, we will be realigning our segment reporting to focus on these three specific growth engines. This change will enable investors to better appreciate the value, strength, and potential of Colliers as a well-managed, growth-oriented professional services and asset management business with a 30-year track record of delivering 20% annualized returns for shareholders. Now let me ask Chris McLaren to discuss some highlights. Once he's completed, Christian will provide his financial report, and then we'll open things up for questions. Chris?

Thank you, Jay. Good morning, everyone. Collier's had a successful second quarter, marked by growth across all their service lines and segments, reflecting the strength of our diversified platforms. Leasing revenues were up 13% driven by strong activity in the office and industrial asset classes in the Americas and the EMEA regions. As occupiers are becoming more confident in their business plans, coupled with the improving return to work trends and the flight to quality offices, we are seeing an increased velocity in leasing transactions. For example, office leasing was up 18% globally and notably up 32% in the Americas. We also witnessed strong office leasing growth in several other countries, including Germany, France, the Netherlands, New Zealand, China, Hong Kong, and India. As Jay mentioned, capital markets showed the first period of growth since the second quarter of 2022. We outperformed industry benchmarks and continued to gain market share, a direct result of our decision to strategically invest in our business and our people. A great example is our debt finance operations in North America, where we saw substantial improvement in loan origination activity, particularly in the multifamily asset class. Meanwhile, our high value outsourcing advisory services continue to deliver solid growth this quarter. Revenues were up 5% with solid pipelines and revenue visibility across our service lines through to the end of the year. As Jay mentioned, we are extremely excited to welcome Englobe to Colliers. The platform significantly bolsters our engineering and project management capabilities and will deliver exceptional returns over the coming years. Our performance to date is a testament to our strong enterprising culture, a unique culture that we have cultivated over many years that is hard to replicate. Colliers has become the platform of choice for entrepreneurial professionals, who want to leverage their careers for success. Our latest global engagement survey, which had an impressive 88% participation rate and high engagement scores that exceeded external benchmarks, shows that our people remain engaged, motivated, and passionate about our business and accelerating success of our clients. Now I'll turn things over to Christian, who will provide more details on our financials.