href="https://www.businesswire.com/news/home/20260212018210/en/Homes.com-Report-Home-Price- Growth-Picks-up-in-January-2026-as-Homebuying-Market-Normalizes"English] (https://www.businesswire.com/news/home/20260212018210/en/Homes.com-Report-Home-Price-Growth- Picks-up-in-January-2026-as-Homebuying-Market-Normalizes)---### ContactsMedia: Matt Blocher CoStar Group [mblocher@costar.com] 202- 346-6775More News From CoStar GroupGet RSS Feed## Apartments.com and CoStar raise near-term U.S. multifamily rent growth ...

Growth Remains Unchanged Through 2026ARLINGTON, Va.--([BUSINESS WIRE])--U.S. industrial vacancy is projected to rise in 2026, while average annual rent growth is expected to remain steady, according to a revised forecast from CoStar, the leading global provider of online real estate marketplaces, information and analytics in the property markets. Despite the expectation that demand will increase slightly from 2025 levels, the national industrial vacancy rate is forecasted to increase from its current level ...

Core Viewpoint - CoStar Group, Inc. will announce its financial results for Q4 and the full year of 2025 on February 24, 2026, after market close, followed by a conference call to discuss the results and outlook [1]. Company Overview - CoStar Group is a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology, dedicated to digitizing the real estate sector [3]. - Founded in 1986, CoStar Group aims to empower individuals and businesses by providing insights and connections to improve their operations and lives [3]. Major Brands - CoStar Group's major brands include: - CoStar: A 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 - Domain: A leading property marketplace in Australia - Matterport: A spatial data company that enhances the value and accessibility of spaces - STR: A leader in hospitality data and benchmarking - Ten-X: An online platform for commercial real estate auctions and bids - OnTheMarket: A leading residential property portal in the UK [4]. Website Traffic - CoStar Group's websites attracted over 143 million average monthly unique visitors in Q3 2025, indicating strong global client engagement [5].

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]

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 ...

With its first activist campaign in three years, hedge fund Third Point will try to force CoStar Group , the owner of Apartments.com and Homes.com, to change board directors and restructure operation... ...

Core Insights - Significant options trading activity detected for CoStar Group, totaling $1,473,080, indicating investor interest [1] - Expected price movements for CoStar Group range from $40.0 to $95.0 over the past three months, suggesting bullish sentiment [2] - Analysts propose an average target price of $72.0 for CoStar Group, with varying ratings from different firms [10][13] Options Trading Analysis - The mean open interest for CoStar Group options trades is 3167.44, with a total volume of 3,259.00, reflecting liquidity and interest [3] - Largest options trades include multiple bullish call sweeps, with significant amounts such as $390.7K and $348.0K for strike prices of $75.00 [7] Company Overview - CoStar Group is a leading provider of commercial real estate data, with over 5 million properties analyzed across various sectors, and over 80% of revenue is subscription-based [8] - The company has expanded its presence into Canada, the UK, Spain, and France, indicating growth strategy [8] Current Market Status - CoStar Group's stock price is currently at $67.55, up 4.29%, with upcoming earnings expected in 26 days [11] - Analysts maintain differing ratings, with one holding an Outperform rating targeting $75, while others have lower targets of $55 and $72 [10][13]

Company Overview - CoStar Group is a leading global provider of online real estate marketplaces, information, and analytics, operating platforms like Apartments.com [1] Market Activity - CoStar Group reported a 5% increase in U.S. office leasing activity in 2025 compared to 2024, which had the lowest leasing volume in 15 years, excluding 2020 [2][6] - Boston was identified as the top growth market, with office tenants signing leases for approximately 410 million square feet throughout the year [2] Rental Market Trends - Apartments.com reported a national average rent increase to $1,708 in December 2025, marking a 0.1% rise from November and breaking a trend of flat or negative changes over the previous five months [3][6] Financial Performance and Projections - CoStar Group announced a $1.5 billion share repurchase program for 2026, following a $500 million buyback in 2025 [4] - The company projects its 2026 revenue to be between $3.78 billion and $3.82 billion, indicating an approximate 18% growth over the midpoint of its 2025 guidance [4] - Anticipated net income for 2026 is projected to range from $175 million to $215 million, with adjusted EPS between $1.22 and $1.33 [4] Stock Performance - CoStar Group's stock is currently priced at $61.82, reflecting a 4.25% increase or $2.52 [5] - The stock has fluctuated between a low of $58.14 and a high of $62.52 during the day, with a market capitalization of approximately $26.2 billion [5]

Core Insights - U.S. apartment rents declined in November 2025, with the national average falling to $1,706, a 0.18% decrease from October's revised figure of $1,709, marking the steepest November decline in over 15 years [2] - Annual rent growth slowed to 0.7%, down from 0.8% in October and 1.5% at the start of the year, indicating a continued trend of flat or negative rent changes [2][3] Rent Trends - All regions experienced rent declines for the fourth consecutive month, with the West leading at -0.4%, followed by the South at -0.2%, the Northeast at -0.1%, and the Midwest at -0.01% [4] - The Midwest showed the strongest annual performance with a growth of +2.2%, while the West saw a decline of -1.5% year-over-year [4] Market Performance - Metro-level performance was weak, with only seven markets posting positive rent changes, including Louisville, Kansas City, and Norfolk, each with gains of +0.1% [5] - The steepest monthly declines were observed in Las Vegas (-0.8%), San Antonio, Austin, and Denver (-0.7%), indicating elevated vacancy rates due to aggressive new supply [6] Supply and Demand Dynamics - Markets with high levels of new construction are experiencing the weakest rent performance, while supply-constrained metros, particularly in the Midwest and select coastal areas, continue to outperform [8] - A substantial inventory overhang is still impacting rent growth across the country, despite many markets moving past peak supply [9]

CoStar Group FY Conference Summary Company Overview - **Company**: CoStar Group (NasdaqGS: CSGP) - **Date of Conference**: November 20, 2025 - **Key Speakers**: Chris Lown (CFO), Rich (Head of Investor Relations) Industry Insights Apartments Market - **Growth**: The apartments business has experienced 13 consecutive quarters of double-digit revenue growth, with a revenue increase from over $50 million to over $1.2 billion since acquisition over 10 years ago [5][6][7] - **Market Position**: CoStar is the market leader, significantly larger than its closest competitor, with a total addressable market (TAM) exceeding $9 billion [7][8] - **Technology Integration**: The introduction of Matterport Plus has enhanced customer experience, allowing virtual tours that lead to lower bounce rates and higher engagement [6][8][35] - **Sales Strategy**: A renewed focus on expanding the sales force by approximately 20% to better capture market opportunities [14][16] Competitive Landscape - **Market Dynamics**: CoStar faces competition primarily from Zillow and a few smaller players, but believes there is ample opportunity for growth due to low market penetration (15%-20%) [12][21] - **Differentiation**: CoStar emphasizes its technological edge and superior consumer experience as key differentiators in the market [12][13][21] AI and Technology - **AI Integration**: CoStar views AI as a transformative force in the industry, enhancing customer experience and operational efficiency [12][28][49] - **Data Utilization**: The company has over 2.4 trillion records, primarily proprietary, which provides a competitive advantage in data organization and analysis [46][47] Financial Performance - **Revenue Growth**: The apartments segment has shown consistent growth, with a focus on expanding into smaller property markets [5][21] - **Sales Efficiency**: The sales team is described as highly efficient, utilizing a metrics-focused approach to drive performance [19] Matterport Technology - **Adoption Rates**: 90% of users click on listings with Matterport, indicating its effectiveness in driving engagement [40][76] - **B2B Strategy**: CoStar is shifting its focus to a B2B model for Matterport, targeting larger clients rather than individual photographers [42] Homes Market - **Unique Positioning**: CoStar differentiates itself by focusing on helping listing agents and home sellers, rather than competing directly with buyer-focused platforms [52][53] - **Subscriber Growth**: The platform has over 26,000 subscribers and 130,000 paid listings, establishing itself as a market leader [56] Capital Allocation - **Buyback Program**: CoStar has accelerated its $500 million buyback program, indicating a strategic shift in capital allocation [78][79] Conclusion CoStar Group is positioned as a leader in the real estate technology space, with a strong focus on technology integration, market expansion, and capital efficiency. The company is leveraging AI and proprietary data to enhance its offerings and drive growth across its various platforms.