Douglas Elliman

Douglas Elliman, Inc. is an independent residential real estate brokerage firm. It is engaged principally in two business segments: Real Estate Brokerage and Corporate & Other. The Real Estate Brokerage segment consists of residential real estate brokerage services through its subsidiary, Douglas Elliman Realty, which operates a residential brokerage company in the New York metropolitan area and also conducts residential real estate brokerage operations in Florida, California, Connecticut, Massachusetts, Colorado, New Jersey and Texas. The Corporate & Other segment consists of the operations of the holding company as well as its investment business that invests in select PropTech opportunities through its New Valley Ventures subsidiary. The company was founded by Douglas Elliman in 1911 and is headquartered in Miami, FL.

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Douglas Elliman resilient in 2022, faces financial challenges and growth opportunities

Douglas Elliman showcased resilience and market strength in outperforming the residential real estate industry in 2022.
While facing challenges such as revenue losses and declining transaction volumes, the company demonstrated growth potential and strategic focus.
Opportunities lie in strategic expansion, market positioning, and revenue diversification, requiring a balanced approach to navigate industry challenges.
Overall, Douglas Elliman's performance reflects a mix of strengths, challenges, and opportunities that shape its market outlook and growth trajectory.

Douglas Elliman reports Q1 losses but eyes luxury market growth

Douglas Elliman faced challenges in Q1 2023 with decreased revenues, a net loss, and an operating loss in the Real Estate Brokerage segment, but maintains a strong financial position with no debt and $124 million in cash.
Despite the setbacks, the company remains optimistic about growth opportunities in luxury markets, focusing on operational efficiency, cost structure adjustments, and leveraging their strengths to capture market share.
The outlook for Douglas Elliman includes addressing industry challenges, adapting to the operating environment, and capitalizing on positive trends to drive recovery and growth in the residential real estate market.

Douglas Elliman reports revenue decline but anticipates stronger second half

Douglas Elliman's Q2 2023 earnings call highlighted revenue decreases but sequential improvements in financial and operating results.
The company focused on cost reduction strategies, liquidity maintenance, and market trend analysis to navigate challenges.
Suspension of quarterly cash dividend, expansion into new markets, and optimism for a better second half of the year were key takeaways.
Despite industry headwinds, Douglas Elliman aims to strengthen its balance sheet, enhance profitability, and maintain agent experience.

Douglas Elliman reports revenue growth amidst challenges and strategic focus

Douglas Elliman reported revenue growth in Q3 2023, particularly in Florida, but faced a net loss and negative adjusted EBITDA. The company emphasized cost reduction and market share capture for long-term growth.
Despite financial challenges and ongoing industry litigation, Douglas Elliman showcased resilience and strategic focus on operational efficiencies. Opportunities lie in leveraging agent networks, development marketing, and market expansion.
Navigating challenges while capitalizing on growth opportunities will be crucial for Douglas Elliman's future success. The company's performance highlights a mix of strengths, challenges, and strategic initiatives aimed at driving sustainable growth.

Douglas Elliman reports Q4 2023 losses, eyes growth opportunities

Douglas Elliman navigated financial losses in Q4 and full-year 2023 while focusing on market share and development marketing. Industry challenges persist, but the company sees opportunities in increased listing volume and transaction values. Cost-cutting measures and a strong project pipeline position Douglas Elliman for future growth.

Douglas Elliman shows resilience amidst market challenges in Q1 2024

Douglas Elliman navigated challenges in the real estate market with improvements in key operational metrics.
Despite reporting losses, the company demonstrated strengths in cost management and business diversification.
Opportunities for growth lie in leveraging positive trends, expanding the development business, and optimizing operational efficiency.
Maintaining liquidity and focusing on profitability will be crucial in addressing ongoing market challenges.

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Today, we take our first look at Douglas Elliman which went public just before mortgage rates doubled, crippling housing activity. Like others in the real estate sector, the environment has been more than challenging over the past year as rates have risen precipitously and inventory remains sparse.

Douglas Elliman: A Contrarian 4.3% Yield Play

NEW YORK , Jan. 20, 2023 /PRNewswire/ -- Douglas Elliman Realty, one of the largest independent residential real estate brokerages in the United States, announced today that it has promoted its Senior Executive Regional Manager of Sales for Hamptons and North Fork, Todd Bourgard, to Chief Executive Officer of Long Island, Hamptons and North Fork, effective immediately. In his new role, Mr.

Douglas Elliman Names Todd Bourgard Chief Executive Officer of Long Island, Hamptons and North Fork; Ann Conroy Appointed Chairwoman of Douglas Elliman Long Island

The veteran of luxury fashion and beauty brands joins executive team as Senior Vice President NEW YORK , Jan. 17, 2023 /PRNewswire/ -- Douglas Elliman Realty, one of the largest independent residential real estate brokerages in the United States, announced today that Lisa Seligman has joined Douglas Elliman as Senior Vice President of Human Resources. As a member of its corporate executive team, Seligman will lead the company's efforts in talent recruitment and development, performance management, and diversity, equity and inclusion.

Douglas Elliman Welcomes Lisa Seligman as New Head of Human Resources

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Brokerage retains the powerhouse team that has already transacted over $4 billion in 2022. NEW YORK , Dec. 20, 2022 /PRNewswire/ -- Douglas Elliman Realty, one of the largest independent residential real estate brokerages in the United States, announced today that it has signed its top-producing partners, Eklund | Gomes Team, to a new, multi-year arrangement.

Douglas Elliman Signs Eklund | Gomes Team to New, Multi-Year Deal

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Leading new development firm partners with the preeminent art show for its ninth year, celebrating the confluence of fine art, digital art and residential real estate NEW YORK, Nov. 28, 2022 /PRNewswire/ -- Douglas Elliman Development Marketing, a division of Douglas Elliman Realty, returns to Art Basel Miami Beach for its ninth year of partnership with the preeminent art show, celebrating the convergence of fine art, digital art, design and real estate. "It is our privilege to return to Art Basel Miami Beach to showcase our nationwide portfolio of luxury developments," said Susan de França, President and CEO of Douglas Elliman Development Marketing.

Douglas Elliman Development Marketing Returns to Art Basel Miami Beach Showcasing Its Portfolio of World-Class New Developments

Compass

Home prices are falling as demand decreases from the extreme highs of the pandemic

Home purchases by Investors Drop 30%

Premier real estate firm taps Ruth Boyer O'Dea and Evan Lacopo to open first Washington, D.C.-area offices later this year NEW YORK , Nov. 17, 2022 /PRNewswire/ -- Douglas Elliman Realty, one of the largest independent residential real estate brokerages in the United States, announced plans to open three locations in Washington, D.C.

Douglas Elliman Is Going to Washington

Douglas Elliman reported a GAAP loss of $0.05 per share for 3Q. Higher mortgage rates are hurting the residential real estate market.

Residential Real Estate Broker Douglas Elliman Is An Interesting Turnaround Investment

Powered by Infinite Creator, the custom app enables agents to produce professional-quality marketing videos and photos using their mobile phones. NEW YORK , Nov. 10, 2022 /PRNewswire/ -- Douglas Elliman Realty, one of the largest independent residential real estate brokerages in the United States, announced today the launch of Elliman Productions, an app-based content creation platform powered by Infinite Creator, that empowers real estate agents to use their mobile phones to produce professional-quality videos and photos for promoting their property listings.

Douglas Elliman Unveils Elliman Productions App

Douglas Elliman Inc. (NYSE:DOUG ) Q3 2022 Earnings Conference Call November 4, 2022 8:00 AM ET Company Participants Howard M. Lorber – Chairman, President and Chief Executive Officer Conference Call Participants Daniel Fannon – Jefferies Operator Welcome to Douglas Elliman, Inc.'s Third Quarter 2022 Earnings Conference Call.

Douglas Elliman Inc. (DOUG) Q3 2022 Earnings Call Transcript

MIAMI--(BUSINESS WIRE)--Douglas Elliman Inc. (NYSE:DOUG) today announced financial results for the three and nine months ended September 30, 2022.

Douglas Elliman Inc. Reports Third Quarter 2022 Financial Results

MIAMI--(BUSINESS WIRE)--Douglas Elliman Inc. (NYSE: DOUG) will conduct a conference call and webcast to discuss its third quarter 2022 results on Friday, November 4, 2022 at 8:00 a.m.

Douglas Elliman to Host Third Quarter 2022 Results Conference Call

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Premier independent real estate brokerage continues long term partnership with world-class equestrian event for 26th consecutive year BRIDGEHAMPTON, N.Y. , Aug. 29, 2022 /PRNewswire/ -- Douglas Elliman Realty, one of the largest independent real estate brokerages in the United States, is proud to announce the firm's title sponsorship of the "$74,000 Douglas Elliman Grand Prix Qualifier" at The Hampton Classic Horse Show, scheduled for Friday, September 2nd.

Douglas Elliman Returns to The Hampton Classic Horse Show & Releases Fall 2022 Equestrian Magazine

The Erin Boisson Aries Team, Mario Stocco and Francisco Rizo have been tapped as the exclusive reps for new luxury residences with the celebrated Mexican Caribbean resort NEW YORK , Aug. 22, 2022 /PRNewswire/ -- Douglas Elliman Realty, one of the largest independent residential real estate brokerages in the United States, announced today that the Erin Boisson Aries Team of New York City, Mario Stocco of Florida and Francisco Rizo of Texas have been named the exclusive marketing representatives for The Reserve at Mayakoba, a new collection of luxury residences within the celebrated Mexican Caribbean resort. Located on 620 acres of pristine lagoons, jungles and beaches along the shores of the famed Riviera Maya, in Mexico's Yucatán peninsula, the Mayakoba Resort is home to award-winning hotels, restaurants, spas and a PGA-sanctioned golf course, all designed to preserve and enhance the native landscape.

Douglas Elliman Partners with The Reserve at Mayakoba to Lead U.S. Marketing

Douglas Elliman's Erin Boisson Aries Team Leads Record-Setting Sales for Full-Service Penthouses atop New High-Design, Luxury Oasis with Culinary Offerings by José Andrés NEW YORK , Aug. 22, 2022 /PRNewswire/ -- Flag Luxury Group, developer of The Ritz-Carlton Residences, New York, NoMad – Manhattan's most anticipated luxury hospitality and culinary destination – today announced that 50% of the property's Residences are already in contract. Douglas Elliman's Erin Boisson Aries Team is leading sales for the limited collection of 16 perfect pied-à-terre penthouses where buyers enjoy breathtaking views and unmatched luxury experiences while also benefiting from owning a condo that, when not in use, can be expertly managed by The Ritz-Carlton.

The Rafael Viñoly-designed Penthouse Residences at The Ritz-Carlton New York, NoMad Are 50% Sold

Douglas Elliman Inc. (NYSE:DOUG ) Q2 2022 Earnings Conference Call August 5, 2022 7:30 AM ET Company Participants Howard Lorber - Chairman, President and Chief Executive Officer Bryant Kirkland - Senior Vice President, Treasurer and Chief Financial Officer Conference Call Participants Dan Fannon - Jefferies John Massocca - Ladenburg Thalmann Operator Welcome to Douglas Elliman Inc.'s Second Quarter 2022 Conference Call. During this call, the terms adjusted net income and adjusted EBITDA will be used.

Douglas Elliman Inc. (DOUG) CEO Howard Lorber on Q2 2022 Results - Earnings Call Transcript

MIAMI--(BUSINESS WIRE)--Douglas Elliman Inc. (NYSE:DOUG) today announced financial results for the three and six months ended June 30, 2022. “Douglas Elliman delivered the second highest quarterly revenue total in our company's history this past quarter—and achieved a record-setting revenue for the six months ended June 30, 2022,” said Howard M. Lorber, Chairman and Chief Executive Officer of Douglas Elliman. “We are extremely proud of our team for delivering another successful quarter and we l

Douglas Elliman Inc. Reports Second Quarter 2022 Financial Results

NEW YORK--(BUSINESS WIRE)--Douglas Elliman Inc. (NYSE: DOUG) will conduct a conference call and webcast to discuss its second quarter 2022 results on Friday, August 5, 2022 at 7:30 a.m. (ET). Investors can access the call by dialing (888) 330-2506 and entering 46689 as the conference ID number. The call will also be available via live webcast at https://events.q4inc.com/attendee/484294423. Webcast participants should allot extra time before the webcast begins to register. A replay of the call w

Douglas Elliman to Host Second Quarter 2022 Results Conference Call

Premier independent real estate brokerage expands to Mid-Valley with a new office Near Aspen BASALT, Colo. , July 26, 2022 /PRNewswire/ -- Douglas Elliman Realty, one of the largest independent residential real estate brokerages in the United States, announced today that it has expanded its footprint in Colorado.

Douglas Elliman Expands into Basalt, Colorado

Move-In Concierge and Services Dashboard Enhances Agent-Client Relationship The Platform, Powered by New Valley Ventures' Portfolio Company MoveEasy, Enables Clients to Access Real-Time Personal Assistants for Move-In Resources Recommended by Elliman Agents NEW YORK , July 12, 2022 /PRNewswire/ -- Douglas Elliman Realty, one of the largest independent residential real estate brokerages in the United States, announced today the launch of Elliman Showroom, a complimentary personal assistant platform that will guide home-buyers through a high-touch and streamlined move-in process. Powered by MoveEasy, a portfolio company of Douglas Elliman Inc.'s PropTech investment division, New Valley Ventures, Elliman Showroom combines personal assistant services with a dashboard of recommended vendors to help clients with all their move-in and set-up needs, from utility and internet to insurance and home security options.

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