ARLINGTON, Va.--(BUSINESS WIRE)--U.S. office vacancy projections remain virtually unchanged in a revised forecast from CoStar, the leading global provider of online real estate marketplaces, information and analytics in the property markets. After reaching a cyclical peak in mid-2025 before lowering slightly by the end of the year, the near-term U.S. office outlook now anticipates stable vacancy (14.1%) through the end of 2026, followed by a gradual decline that would bring the headline rate ne. ...

CoStar Group's major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia's leading property marketplaces. CoStar Group's industry leading brands also include Matterport, a leading spatial data company whose platform turns buildings into dat ...

CoStar expanded into the single-family housing market through an investment in Homes.com. - Alamy Hedge fund D.E. Shaw is pushing for a board shake-up and other big changes at CoStar Group, a major commercial real-estate information provider that is already facing pressure from Third Point. The details D.E. Shaw believes CoStar’s shares have underperformed because of its “high-risk, money-losing” investment in Homes.com, a consumer-facing platform that aggregates home listings, according to a letter to ...

Core Viewpoint - CoStar is currently under pressure from Daniel Loeb's Third Point, indicating potential challenges for the company in maintaining its market position and performance [1] Group 1 - CoStar is facing scrutiny from Third Point, which may impact its strategic decisions and operational focus [1]

Company Overview - CoStar Group provides online real estate marketplaces, information, and analytics in both commercial and residential property markets, operating through segments such as CoStar Portfolio, Information Services Portfolio, Multifamily Portfolio, LoopNet Portfolio, and Other Marketplaces Portfolio [1] - Approximately 95% of the company's revenue comes from its core commercial real estate (CRE) franchises, including CoStar Suite and Apartments.com, which benefit from high barriers to entry and strong pricing power [4] Recent Developments - Third Point, an activist hedge fund, has called for significant changes at CoStar, including replacing a majority of the board and aligning management compensation with total shareholder return [3][8] - The firm plans to nominate a new slate of directors following the expiration of standstill restrictions [3] Financial Performance - CoStar has invested around $5 billion in its residential real estate (RRE) segment, Homes.com, which generated only $60 million in revenue for 2024 and is projected to generate $80 million in 2025 [5] - The RRE business has negatively impacted the company's overall performance, with shares underperforming the S&P 500 by over 45 percentage points since a previous agreement [7] Governance Issues - Despite governance changes, including the addition of new directors, management has continued to pursue unsuccessful RRE initiatives, leading to disappointing financial results [6] - CEO Andrew Florance received approximately $37 million in total compensation in 2024, despite the company's poor performance, raising concerns about accountability [8] Strategic Outlook - Third Point believes that the CRE business has significant untapped pricing power and potential for revenue growth, projecting EBITDA margins above 50% in the medium term [9] - The company’s under-levered balance sheet allows for share repurchases, further enhancing shareholder value creation opportunities [9]

In my last coverage of CoStar Group ( CSGP ), I titled my article "Short-term pain with long-term gain." The short pain was really felt by shareholders, as the stock price has depreciated by 17%Full-time Equity Analyst and part-time retail investor with a bias for high quality stocks trading at discounted prices. over the past 5 years I've been retail investing and learning more about how the stock market works, following the work of Ben Graham and Joel Greenblatt. Equity Markets are fascinating as they giv ...

ARLINGTON, Va.--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets, today issued the following statement in response to the letter issued by Third Point LLC ("Third Point†). The CoStar Group Board of Directors and management team are taking decisive action to prioritize profitable growth and increase long-term value for all stockholders. Over the last nine months, the CoSt ...

I focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ...

The commerical real-estate giant should reconstruct its board and consider strategic alternatives for its Homes.com portial, Third Point CEO Daniel Loeb wrote in a letter. ...

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly.Top 5 Upgrades: BTIG upgraded CoStar Group (CSGP) to Buy from Neutral with an $80 price target. Expectations are low, investment is past peak, Homes.com is gaining momentum and the firm thinks an upcoming AI-driven product update could resonate, the firm tells investors.Needham upgraded Teleflex (TFX) to Buy from Hold with a $138 ...