Financial Performance - Generated Revenue of $1.2 billion, an increase of $78 million (7%) year-over-year[5] - Reported Net Loss of $78 million, an improvement of $23 million year-over-year; Adjusted Net Loss of $64 million improved $21 million versus Q1 2024[5] - Total revenues for Q1 2025 were $1,204 million, up from $1,126 million in Q1 2024, representing a 6.9% increase[27] - Gross commission income increased to $976 million in Q1 2025 from $907 million in Q1 2024, a rise of 7.6%[27] - Net loss attributable to Anywhere was $78 million in Q1 2025, an improvement from a net loss of $101 million in Q1 2024[27] - Adjusted net loss attributable to Anywhere for Q1 2025 was $64 million, compared to $85 million in Q1 2024, reflecting a 24.7% reduction[29] - Total Company net revenues for the three months ended March 31, 2025, were $1,204 million, a 7% increase from $1,126 million in the same period of 2024[49] - Operating EBITDA for the Total Company was $(1) million for the three months ended March 31, 2025, compared to $(13) million in the same period of 2024[49] Transaction Volume and Market Performance - Combined closed transaction volume increased 6% year-over-year, with units down about 4% and price up 11%[5] - Closed transaction volume for luxury brands increased approximately 16% year-over-year, significantly outperforming the market[5] - Closed homesale sides decreased by 5% to 137,089 in Q1 2025 from 144,775 in Q1 2024[37] - Closed homesale sides for Anywhere Brands - Franchise Group totaled 700,589 in 2024, with an average homesale price of $497,494[40] - The Owned Brokerage Group reported closed homesale sides of 249,421, with an average homesale price of $748,596 in 2024[40] - Average homesale price increased by 10% to $516,999 in Q1 2025 from $470,119 in Q1 2024[37] Cash Flow and Debt - Free Cash Flow of negative $130 million, improved from negative $145 million in 2024[5] - Cash and cash equivalents at the end of Q1 2025 were $110 million, down from $118 million at the end of 2024[33] - Total corporate debt was $2.6 billion at March 31, 2025, with a Senior Secured Leverage Ratio of 1.51x[13] - Current portion of long-term debt increased to $610 million in Q1 2025 from $490 million at the end of 2024[33] - The company reported a net cash used in operating activities of $105 million for Q1 2025, compared to $122 million in Q1 2024[35] - Free cash flow for Q1 2025 was $(130) million, compared to $(145) million in Q1 2024, indicating a slight improvement year-over-year[61] Revenue by Segment - The Franchise Group's revenue increased to $204 million in Q1 2025, up from $200 million in Q1 2024, reflecting a 2% growth[46] - The Owned Brokerage Group's revenue rose to $990 million in Q1 2025, an increase of $71 million or 8% from Q1 2024[46] - The Title Group's revenue for Q1 2025 was $78 million, a 10% increase from $71 million in Q1 2024[46] Cost Management and Restructuring - Realized cost savings of $14 million in Q1 2025, on track to deliver $100 million for the full year[5] - Restructuring costs for the Total Company amounted to $12 million in Q1 2025, compared to $11 million in Q1 2024[44] - Restructuring costs for the year totaled $32 million, with Q1 2024 accounting for $11 million of this total[59] Corporate Developments - The Company welcomed 11 new US franchisees and added two new international expansions in Q1 2025[5] Financial Metrics and Definitions - Operating EBITDA is presented as a supplemental measure to evaluate the performance of the company's operating businesses, providing greater transparency into results[71] - Adjusted net income (loss) is defined as net income (loss) before specific adjustments, including non-cash stock-based compensation and restructuring charges, to enhance transparency in operating results[73] - Free Cash Flow is defined as net income (loss) attributable to Anywhere before various expenses, and is used to evaluate operating effectiveness and resource allocation[74] - Free Cash Flow does not reflect changes in working capital needs or cash requirements for servicing debt, taxes, or future capital expenditures[75] - The company believes Operating EBITDA facilitates comparisons of operating performance across different companies by excluding non-core items[72] - Limitations of Operating EBITDA include its inability to reflect interest expense, income tax expense, and historical cash expenditures[75] - The company emphasizes that Free Cash Flow should not be considered in isolation or as an alternative to net income or other financial data prepared in accordance with GAAP[74] - Adjusted net income (loss) includes adjustments for legal contingencies and gains or losses on the sale of businesses, which are not related to normal operations[73] - The company uses Free Cash Flow as a measure of its ability to generate cash, which is critical for operational decisions[74] - Operating EBITDA should not be viewed as a substitute for net income or other GAAP measures, highlighting its limitations as an analytical tool[73]

MADISON, N.J., April 21, 2025 /PRNewswire/ -- Anywhere Real Estate Inc. (NYSE: HOUS), a global leader in residential real estate services, will release its financial results for the first quarter ended March 31, 2025, on Tuesday, April 29, 2025. The company will host a conference call and webcast to discuss its results and provide a business update that morning at 8:30 a.m. ET. To access the live webcast of the conference call or to view a replay, visit the company's investor relations website at https://ir ...

Company Overview - Sotheby's International Realty announced the appointment of Mary Lee Blaylock as president of brokerage, responsible for leading company-owned brokerage operations across 48 offices in the U.S. [1] - The company supports over 2,300 affiliated agents who generated an annual sales volume of $20 billion in 2024 [1]. Leadership Background - Mary Lee Blaylock brings over 30 years of residential real estate experience, previously serving as senior vice president at HomeServices of America, Inc., where she led transformation initiatives across 35 companies [2] - She was also the president and CEO of Berkshire Hathaway HomeServices California Properties, managing 56 offices and 3,000 agents, and was responsible for the National Luxury Division [2]. Strategic Vision - Blaylock aims to enhance local market positioning and drive long-term growth for Sotheby's International Realty [1]. - Philip White, president and CEO of Sotheby's International Realty, emphasized Blaylock's industry knowledge and leadership skills, which are expected to elevate the company's brokerage operations [3]. Company History and Structure - Sotheby's International Realty was founded in 1976 as a real estate service for clients of Sotheby's auction house and now operates over 1,100 offices in 84 countries [4]. - The company has a strategic alliance with Anywhere Real Estate Inc., which includes a franchise system where each office is independently owned and operated [4][5].

Core Insights - Guaranteed Rate Affinity celebrates National Operations Day, highlighting the importance of its Operations team led by Executive Vice President Jaime Joyce [1][4] - Under Jaime Joyce's leadership since 2024, the operations team has improved the mortgage process for borrowers, agents, and loan officers, with 623 customer surveys indicating a positive experience [2][3] - The company has funded over $100 billion in loans since its inception in 2017, showcasing its significant impact in the mortgage lending industry [5] Company Overview - Guaranteed Rate Affinity is a joint venture between Guaranteed Rate, Inc. and Anywhere Integrated Services, with Guaranteed Rate owning a controlling 50.1% stake [5][7] - The company provides comprehensive mortgage services, including fast pre-approvals, appraisals, and loan closings, to both brokers and the public, enhancing the home buying experience [6] - The focus on customer service, digital ease, and competitive rates positions Guaranteed Rate Affinity favorably in a competitive market [6]

Core Insights - More than 70% of companies in the US and Canada report stable or increased relocation volume for 2025, indicating a positive trend in domestic mobility [1] - The top priority for domestic mobility in 2025 is improving the employee experience, reflecting a shift towards employee-centric policies [2] - The survey gathered data from over 100 HR and mobility professionals, highlighting trends in move volume, flexible relocation strategies, cost management, remote work, DEI initiatives, technology, and sustainability [3] Industry Trends - Company growth, market expansion, and local talent shortages are driving mobility growth, while cost containment and hybrid work solutions are leading to flatter volumes [4] - A balance is needed between enhancing the employee experience and managing mobility costs, as indicated by the survey findings [5] Cost Management - Rising costs are a challenge for 51% of respondents, with solutions including process efficiencies (42%), flexible policy benefits (37%), and lump sum payments (28%) [8] - 39% of companies have remote workers, but 71% do not offer company-sponsored benefits, indicating a gap in support for remote employees [8] Sustainability and Inclusive Mobility - 48% of companies have introduced non-traditional services such as discard and donate programs, settling-in support, and additional time off to enhance employee experience and align mobility with ESG goals [8]

Core Insights - Guaranteed Rate Affinity has appointed Lynne Haney as Vice President of Mortgage Lending, bringing over 35 years of industry experience and a strong community involvement track record [1][2][3] - Haney is recognized for her performance, being named among the Top 1% of originators nationwide by Mortgage Executive Magazine in 2020 and receiving top honors in the Best of the 603 survey [2] - The company continues to expand its presence and capabilities across key markets, with Haney's leadership expected to enhance service and results for borrowers and real estate partners [3][4] Company Overview - Guaranteed Rate Affinity is a joint venture between Guaranteed Rate, Inc. and Anywhere Integrated Services, which has funded over $100 billion in loans since its inception [4] - The company provides mortgage lending services to Anywhere's real estate, brokerage, and relocation subsidiaries, ensuring fast pre-approvals, appraisals, and loan closings for customers [5][6] - Guaranteed Rate holds a controlling 50.1% stake in Guaranteed Rate Affinity, while Anywhere owns 49.9% [6]

Core Insights - Oralia Herrera, Broker/Owner of CENTURY 21 TK Realty Inc., has been appointed as the 2025 President of the National Association of Hispanic Real Estate Professionals (NAHREP), marking a significant achievement for the CENTURY 21 brand in its long-standing relationship with NAHREP [1][3][5] Group 1: Leadership and Advocacy - Herrera has a 35-year background in the real estate industry and has been actively involved in NAHREP, including founding NAHREP Chicago North and serving on the National Board of Directors [3][4] - As NAHREP President, Herrera aims to advocate for Hispanic homeownership and empower Hispanic real estate professionals across the nation [3][4] Group 2: Hispanic Homeownership Trends - The 2024 NAHREP State of Hispanic Homeownership Report indicates that, despite a slight decline in the overall U.S. Hispanic homeownership rate, the number of Hispanic households owning homes has reached an all-time high, contributing to over a third of total homeownership growth in the U.S. for the second consecutive year [4][7] - The CENTURY 21 brand recognizes the importance of Hispanic consumers in the future of homeownership and is committed to enhancing representation within the industry [4][5] Group 3: Brand Commitment and Resources - CENTURY 21 has a network of independent agents and brokers, with nearly 10% identifying as Spanish-speaking, equipped with resources to cater to the unique needs of Hispanic home buyers and sellers [4][5] - The brand emphasizes the importance of advocacy and access to resources for all communities to achieve homeownership, aligning with NAHREP's mission [5]

Core Insights - Convenience stores (C-stores) are increasingly capturing market share from grocery and fast-food chains, leading to heightened investor interest in the net-lease market [1] - The convenience store industry is evolving to meet changing consumer needs, driven by smaller households, urban locations, and shifting food preferences [2] C-Store Product Mix Drives Growth - C-stores have transitioned from fuel and snack retailers to quick-service food and grocery alternatives, with prepared food sales rising by 12.2% year-over-year [3] - 56% of consumers now view C-stores as viable substitutes for fast-food chains, indicating a significant shift in consumer perception [3] - Despite narrow profit margins of around 5% to 7%, high product turnover and steady consumer visits make C-stores a reliable income source for investors [3] Changing Real Estate Needs - As C-stores expand food service offerings, their real estate needs are evolving, with chains investing in larger formats to accommodate food preparation areas [5] - Many operators are returning to urban centers and exploring non-traditional spaces, such as college campuses and downtown locations, creating new opportunities for real estate investors [5] Investment Opportunities for C-Stores - The sector is experiencing significant consolidation, with major players like 7-Eleven planning to open 500 new stores in the U.S. and Canada by 2027 [6] - Regional chains such as Wawa, Sheetz, and Buc-ee's are also expanding into new markets, providing opportunities for investors to acquire properties with stronger tenant profiles and predictable cash flows [6] Stability and Future of C-Stores - C-stores are characterized by convenient locations, long-term leases (up to 20 years), and low vacancy rates, making them a stable investment option in the net-lease market [7] - The ongoing transformation of C-stores, coupled with economic trends like inflation and rising grocery costs, positions them as a key asset class for investors [8] - A new generation of consumers focused on health, value, speed, and convenience further enhances the attractiveness of C-stores for investment [9]

Core Insights - Sotheby's International Realty announced the addition of HRLS Partners, a leading luxury real estate team, which has achieved a total lifetime sales volume of $2.42 billion and nearly 1,300 transactions [1][2] - HRLS Partners has been recognized as one of the "Top 1,000 Agent Teams in America" and achieved the highest average sales price of $3 million in the Capital Region in 2023 [2] - The partnership aims to leverage Sotheby's global brand and marketing resources to enhance their service offerings in the luxury real estate market [4] Company Overview - Sotheby's International Realty was founded in 1976 and has a global presence with over 1,100 offices in 84 countries and territories [6] - The company operates through a franchise system, providing affiliates with operational, marketing, and business development resources [7] - Sotheby's International Realty is a subsidiary of Anywhere Real Estate Inc., which is a leader in real estate franchising [8] Team Background - HRLS Partners consists of four members with a combined 70 years of experience in luxury real estate [2] - The team has successfully closed significant transactions, including an $11.2 million sale in McLean, Virginia [2] - Their reputation for excellence and integrity aligns with the values of TTR Sotheby's International Realty, enhancing their market presence [3]

Core Insights - Century 21 Real Estate LLC recognized top performers in its network for 2024 at the Top Agent Retreat in Anaheim, CA, highlighting exceptional service and results in a dynamic housing market [1][3] Company Performance - Century 21 has been the leader in brand awareness for 26 consecutive years and is recognized as the most respected name in the real estate industry [2] - The brand operates a global network of over 130,000 real estate professionals across 79 countries and territories, emphasizing its commitment to excellence [2] Awards and Recognitions - The following awards were presented for 2024: - 1 Company by Adjusted Gross Commission (AGC) & Units (U.S. and World): Daniel Kruse, CENTURY 21 Affiliated [2] - 1 Office by Units (U.S.): James Bradley, CENTURY 21 Bradley Realty, Inc. [2] - 1 Office by AGC (World): Stephen Chow, CENTURY 21 Atria Realty Inc. [2] - 1 Office by AGC (U.S.): George Morris, CENTURY 21 Everest [2] - 1 Producer by AGC (U.S. and World): Dania Perry, CENTURY 21 Jim White & Associates [2] - 1 Producer by Units (U.S. and World): Shelley Garner, CENTURY 21 803 Realty [2] - 1 Team by AGC (World): Goodale Miller Team, CENTURY 21 Miller Real Estate Ltd. [2] - 1 Relentless 5 Team (5 members or less) by Units (U.S.): Scheetz Team, CENTURY 21 Scheetz [2] - 1 Obsessed 6 Team (6 or more members) by AGC & Units (U.S.): Fermin Group, CENTURY 21 North East [2] Leadership Commentary - Michael Miedler, president and CEO of Century 21 Real Estate, praised the leaders for their adaptability and commitment to delivering exceptional service, stating they have helped guide consumers through complex real estate transactions [3] Company Background - Century 21 Real Estate LLC is a subsidiary of Anywhere Real Estate Inc. (NYSE: HOUS), which is a global leader in real estate franchising and provides various real estate services [8]