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ANYWHERE REAL ESTATE INC. REPORTS THIRD QUARTER 2025 FINANCIAL RESULTS
Prnewswire· 2025-11-04 12:00
Core Insights - Anywhere Real Estate Inc. reported a revenue of $1.626 billion for Q3 2025, an increase of $91 million or 6% year-over-year [4][11] - The company experienced a net loss of $13 million, a decline of $20 million compared to the previous year, resulting in a loss per share of $0.12 [4][11] - The proposed merger with Compass is expected to create a leading platform for real estate services, enhancing innovation and operational efficiency [2][11] Financial Performance - Revenue for Q3 2025 was $1,626 million, up from $1,535 million in Q3 2024, marking a 6% increase [4] - Operating EBITDA decreased to $100 million from $108 million, a decline of 7% [4] - Free Cash Flow was reported at $92 million, down from $99 million year-over-year [4][11] Key Operational Metrics - Closed homesale sides increased by 2% to 193,485 compared to 189,833 in Q3 2024 [4] - The average homesale price rose by 5% to $526,210 from $502,512 [4] - The company welcomed 13 new U.S. franchisees and one international expansion during the quarter [11] Cost Management and Savings - The company achieved $28 million in cost savings in Q3 2025 and is on track to realize $100 million in total cost savings for the year [3][11] - Additional temporary cost controls generated $6 million in savings during the same quarter [11] Market Position and Trends - The combined closed transaction volume increased by 7% year-over-year, outperforming the National Association of Realtors' reported market growth by over 2 percentage points [9][11] - Continued strength in luxury real estate brands, with closed transaction volume increasing by 12% year-over-year [11] Debt and Financial Health - Total corporate debt, net of cash and cash equivalents, stood at $2.5 billion as of September 30, 2025 [12] - The Senior Secured Leverage Ratio was reported at 0.85x, while the Net Debt Leverage Ratio was 6.7x [12]
Anywhere to Release Third Quarter 2025 Financial Results and Host Webcast on November 4, 2025
Prnewswire· 2025-10-16 11:00
Core Insights - Anywhere Real Estate Inc. will release its financial results for Q3 2025 on November 4, 2025, and will host a conference call at 8:00 a.m. ET to discuss the results and provide a business update [1]. Company Overview - Anywhere Real Estate Inc. is a global leader in residential real estate services, offering integrated services including franchise, brokerage, relocation, and title and settlement businesses, as well as mortgage and title insurance underwriter minority-owned joint ventures [3]. - The company operates under several well-known brands such as Better Homes and Gardens Real Estate, CENTURY 21, Coldwell Banker®, Coldwell Banker Commercial, Corcoran, ERA, and Sotheby's International Realty, supporting over 300,000 affiliated agents globally [3].
ANYWHERE REAL ESTATE INC. REPORTS SECOND QUARTER 2025 FINANCIAL RESULTS
Prnewswire· 2025-07-29 11:30
Core Viewpoint - Anywhere Real Estate Inc. reported a 13.1% increase in revenue year-over-year for Q2 2025, driven by improved volume trends and strategic initiatives in AI and digital innovation [4][9]. Financial Highlights - Revenue for Q2 2025 was $1,682 million, up from $1,669 million in Q2 2024, reflecting a $13 million increase [4][9]. - Operating EBITDA decreased to $133 million from $143 million year-over-year, a decline of 7% [4][9]. - Net income attributable to Anywhere was $27 million, down from $30 million, representing a 10% decrease [4][9]. - Adjusted net income also fell to $36 million from $40 million, a decrease of 10% [4][9]. - Earnings per share decreased to $0.24 from $0.27, an 11% decline [4][9]. - Free Cash Flow was negative $5 million, a significant drop from $63 million in Q2 2024, largely due to a one-time $41 million legacy tax payment [4][9]. Key Drivers - Closed homesale sides in the Anywhere Brands - Franchise Group decreased by 4% to 186,970, while the average homesale price increased by 4% to $527,356 [4][9]. - In the Anywhere Advisors - Owned Brokerage Group, closed homesale sides fell by 3% to 69,479, with the average homesale price rising by 3% to $800,807 [4][9]. - The Title Group saw a 3% decrease in purchase title and closing units, but a 20% increase in refinance title and closing units [4][9]. Guidance and Future Outlook - The company anticipates cost savings of approximately $100 million in 2025, although this may be partially offset by inflation and investments [8]. - Operating EBITDA for the full year 2025 is expected to be around $350 million, contingent on housing market performance [8]. - The company expects Free Cash Flow, excluding one-time items, to be approximately $70 million [10]. Debt and Financial Flexibility - The company enhanced its financial flexibility through a $500 million bond issuance, with no significant note maturities until 2029 [2][9]. - Total corporate debt was reported at $2.6 billion as of June 30, 2025, with cash and cash equivalents of $266 million [13][15].
Anywhere to Release Second Quarter 2025 Financial Results and Host Webcast on July 29, 2025
Prnewswire· 2025-07-15 20:00
Core Insights - Anywhere Real Estate Inc. will release its financial results for Q2 2025 on July 29, 2025, and will host a conference call at 8:30 a.m. ET to discuss the results and provide a business update [1] Company Overview - Anywhere Real Estate Inc. is a global leader in residential real estate services, offering integrated services including franchise, brokerage, relocation, title and settlement, as well as mortgage and title insurance through minority-owned joint ventures [3] - The company operates under several well-known brands such as Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby's International Realty® [3] - Anywhere Real Estate Inc. supports a network of over 300,000 affiliated agents globally, enhancing their productivity and service to consumers [3]
Anywhere to Participate in the KBW Virtual Real Estate Finance & Technology Conference
Prnewswire· 2025-05-15 20:37
Company Overview - Anywhere Real Estate Inc. (NYSE: HOUS) is a global leader in residential real estate services, offering integrated services including franchise, brokerage, relocation, title and settlement businesses, as well as mortgage and title insurance underwriter minority-owned joint ventures [3]. Upcoming Event - CEO Ryan Schneider will participate in the KBW Virtual Real Estate Finance & Technology Conference on May 20, 2025, at 12:00 p.m. EST, with the remarks being webcast and archived for 90 days [1][2].