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Douglas Elliman: Taking A Second Look, As Turnaround Takes Shape And Takeover Talk Emerges
Seeking Alpha· 2025-06-16 15:39
Back in November, I wrote an "on the fence" take of real estate brokerage firm Douglas Elliman (NYSE: DOUG ), noting how there was great uncertainty over DOUG stock's potential to continue making a recovery, after getting hammered during theAnalyst’s Disclosure:I/we have a beneficial long position in the shares of DOUG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking A ...
4TRO Development and Kastelo Development Unveil New Boutique Townhome Project in Delray Beach
Prnewswire· 2025-06-10 16:00
Eight Exclusive Townhomes Feature Private Elevators and Elevated Cocktail Pools, One Block from Atlantic AvenueDELRAY BEACH, Fla., June 10, 2025 /PRNewswire/ -- Renowned property development groups, 4TRO Development and Kastelo Development, today launch Casa Avenida, an exclusive, four-story townhome community in the heart of Delray Beach. Located at 102 SE 5th Avenue, this boutique collection of just eight private residences, ranging from 2,804 to 3,336 square feet, introduces a new level of refined living ...
Douglas Elliman (DOUG) - 2025 Q1 - Quarterly Report
2025-05-06 12:40
Financial Performance - Revenue for the three months ended March 31, 2025, was $253,403 thousand, up from $200,239 thousand in the same period of 2024, reflecting a $53,164 thousand increase [145]. - Net loss attributed to Douglas Elliman Inc. for the three months ended March 31, 2025, was $(5,985) thousand, significantly improved from $(41,475) thousand in the same period of 2024 [145]. - Adjusted EBITDA attributed to Douglas Elliman for the last twelve months ended March 31, 2025, was $926 thousand, compared to $(17,783) thousand for the year ended December 31, 2024 [141]. - Operating loss for the three months ended March 31, 2025, was $(5,349) thousand, a significant improvement from $(41,464) thousand in the same period of 2024 [145]. - The company reported a net loss margin of (3.89)% for the three months ended March 31, 2025, compared to (20.71)% for the same period in 2024 [136]. Transaction Metrics - Total transactions for the last twelve months ended March 31, 2025, were 22,212, an increase from 21,781 in the previous year [136]. - Gross transaction value reached $39.1 billion for the last twelve months ended March 31, 2025, compared to $36.4 billion for the year ended December 31, 2024 [136]. - The average transaction value per transaction was $1,761.4 thousand for the last twelve months ended March 31, 2025, an increase from $1,669.6 thousand for the year ended December 31, 2024 [136]. Agent Metrics - Annual retention rate for agents was 87% as of March 31, 2025, slightly down from 89% in the previous year [136]. - The number of Principal Agents as of March 31, 2025, was 4,763, down from 5,264 in the previous year [136]. Income and Expenses - Commission and other brokerage income increased to $241,143 for Q1 2025, up from $188,265 in Q1 2024, representing a growth of 28.1% [146]. - Real estate agent commissions expense rose to $186,525 in Q1 2025, compared to $149,016 in Q1 2024, marking an increase of $37,509 or 25.2% [149]. - Operating expenses totaled $258,752 for Q1 2025, an increase of $17,049 from $241,703 in Q1 2024 [147]. Cash Flow and Liquidity - Cash, cash equivalents, and restricted cash increased by $3,164 to $145,385 in Q1 2025, compared to a decrease of $29,449 in Q1 2024 [157]. - Cash used in operations decreased to $5,617 in Q1 2025 from $27,291 in Q1 2024, reflecting improved operational efficiency [158]. - Cash provided by investing activities was $8,781 in Q1 2025, compared to cash used of $2,158 in Q1 2024 [160]. - The company anticipates that current cash and expected cash flows will be sufficient to meet liquidity needs over the next twelve months [167]. - The company may pursue additional acquisitions or investments, which could impact available liquidity [162].
Douglas Elliman (DOUG) - 2025 Q1 - Earnings Call Transcript
2025-05-02 13:02
Douglas Elliman (DOUG) Q1 2025 Earnings Call May 02, 2025 08:00 AM ET Company Participants Michael Liebowitz - CEO & PresidentBryant Kirkland - Executive VP, Secretary, Treasurer and CFO Operator Please stand by. Your program is about to begin. If you need audio assistance during today's program, please press 0. Welcome to the Douglas Elliman's First Quarter twenty twenty five Earnings Conference Call. This call is being recorded and simultaneously webcast. An archived version of the webcast will be availab ...
Douglas Elliman (DOUG) - 2025 Q1 - Earnings Call Transcript
2025-05-02 12:00
Douglas Elliman (DOUG) Q1 2025 Earnings Call May 02, 2025 08:00 AM ET Speaker0 Please stand by. Your program is about to begin. If you need audio assistance during today's program, please press 0. Welcome to the Douglas Elliman's First Quarter twenty twenty five Earnings Conference Call. This call is being recorded and simultaneously webcast. An archived version of the webcast will be available on the Investor Relations section of the company's website located at investors.ellmann.com for one year. During t ...
Douglas Elliman (DOUG) - 2025 Q1 - Quarterly Results
2025-05-01 20:41
FOR IMMEDIATE RELEASE Contact: Stephen Larkin, Douglas Elliman Inc. 917-902-2503 Olivia Snyder/Catherine Livingston, FGS Global, 212-687-8080 J. Bryant Kirkland III, Douglas Elliman Inc. 305-579-8000 DOUGLAS ELLIMAN INC. REPORTS FIRST QUARTER 2025 FINANCIAL RESULTS Company reports 27% year-over-year revenue growth and significant improvements in Net Loss and Adjusted EBITDA, driven by strategic investments and disciplined expense management. MIAMI, FL, May 1, 2025 - Douglas Elliman Inc. ("Douglas Elliman" o ...
Douglas Elliman Introduces a New Era in Home Search
Prnewswire· 2025-04-09 14:05
Premier brokerage launches first-ever luxury lifestyle website with AI-powered property search platformNEW YORK, April 9, 2025 /PRNewswire/ -- Douglas Elliman Realty, one of the largest independent residential real estate brokerages in the United States, unveiled its new digital platform today: Elliman.com. This cutting-edge destination introduces Elliman Inspirations, an AI-powered home discovery tool offering personalized property search and a private agent-client collaboration space.This marks a signific ...
Douglas Elliman (DOUG) - 2024 Q4 - Annual Report
2025-03-17 20:46
_____________________________________________ Form 10-K _____________________________________________ ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Fiscal Year Ended December 31, 2024 Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 _____________________________________________ DOUGLAS ELLIMAN INC. (Exact name of registrant as specified in its ...
Douglas Elliman (DOUG) - 2024 Q4 - Earnings Call Transcript
2025-03-11 18:32
Douglas Elliman (DOUG) Q4 2024 Earnings Call March 11, 2025 02:32 PM ET Company Participants Michael Liebowitz - CEO & Chairman of BoardBryant Kirkland - Executive VP, Secretary, Treasurer and CFO Operator Welcome to Douglas Elements Fourth Quarter and Full Year twenty twenty four Earnings Conference Call. This call is being recorded and simultaneously webcast. An archived version of the webcast will be available on the Investor Relations section of the company's website located at investors.element.com for ...
Douglas Elliman (DOUG) - 2024 Q4 - Earnings Call Transcript
2025-03-11 17:59
Douglas Elliman Inc. (NYSE:DOUG) Q4 2024 Earnings Conference Call March 11, 2025 9:00 AM ET Company Participants Michael Liebowitz - Chairman & Chief Executive Officer Bryant Kirkland - Chief Financial Officer Conference Call Participants Operator Welcome to Douglas Elliman's Fourth Quarter and Full Year 2024 Earnings Conference Call. This call is being recorded and simultaneously webcast. An archived version of the webcast will be available on the Investor Relations section of the company's website located ...