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CoStar Group Inc - CSGP STOCK NEWS

Welcome to our dedicated page for CoStar Group news (Ticker: CSGP), a resource for investors and traders seeking the latest updates and insights on CoStar Group stock.

CoStar Group Inc. (NASDAQ: CSGP) is the premier provider of commercial real estate information, analytics, and online marketplaces. Established in 1987, CoStar has built and maintained the most comprehensive database of commercial real estate data through extensive and continuous research. This effort supplies clients with unparalleled insights into property values, market conditions, and current availabilities.

CoStar's diverse suite of online services includes CoStar Suite, which offers in-depth analytical information on over 5 million commercial real estate properties across various sectors such as office, retail, hotels, multifamily, healthcare, industrial, self-storage, and data centers. Another prominent platform, LoopNet, is the most trafficked commercial real estate marketplace online, boasting over 9.8 million registered members.

The company also oversees leading apartment resource sites like Apartments.com, ApartmentFinder.com, and ApartmentHomeLiving.com. These platforms serve renters seeking quality apartment homes and provide a robust marketing channel for property managers and owners. As of June 2015, CoStar's websites collectively attract more than 23.6 million unique monthly visitors.

Headquartered in Washington, DC, CoStar Group has significantly expanded its global footprint, including recent growth into markets in Canada, the United Kingdom, Spain, and France. With over 80% of its revenue derived from subscription-based services, CoStar continues to lead the industry through innovation and a commitment to providing actionable real estate intelligence.

News

CoStar Group Named Among Richmond Times-Dispatch’s Top Workplaces in 2024

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CoStar Group has been named a 2024 Top Workplace in Richmond by the Richmond Times-Dispatch based on employee surveys. This recognition reflects the company's focus on building strong teams and providing a positive work environment. CoStar Group prioritizes employee investment, with high retention rates and extensive training programs.
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Mohr Logistics Park Named 2024 "Commercial Development of the Year" CoStar Impact Award Winner

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Mohr Logistics Park (MLP) wins the 2024 'Commercial Development of the Year' CoStar Impact Award in the Indianapolis market. The park, spanning 475 acres in Whiteland, IN, showcases innovation and sustainability with high-quality industrial tenants like Cooper Tire, NFI Industries, and DHL. Despite a devastating tornado in 2023, MLP's resilience and community collaboration led to the successful rebuild of a million-square-foot warehouse in just seven months, earning praise and recognition.
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Apartments.com Publishes Multifamily Rent Report for First Quarter of 2024

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Apartments.com, a CoStar Group online marketplace, released a report on U.S. multifamily rent trends for Q1 2024. Demand rebounded strongly with 104,400 units absorbed, but 140,000 new units led to a 7.8% vacancy rate. Annual rent growth was 0.7%, with Midwest and Northeast markets outperforming. Luxury market rent growth was negative at -0.3%, while mid-priced 3-Star properties saw positive growth at 1.3%. The multifamily market is expected to add 495,000 units in 2024, a 20% decrease from 2023.
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CoStar Group to Report Financial Results for First Quarter on April 23, 2024

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CoStar Group, Inc. (NASDAQ: CSGP) will announce financial results for Q1 2024 on April 23, 2024, followed by a conference call discussing the results and outlook. Investors can access a live audio webcast and replay on the CoStar Group website.
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CoStar Group Announces Winners of 2024 CoStar Impact Awards

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CoStar Group (NASDAQ: CSGP) announces the winners of the 2024 CoStar Impact Awards, celebrating outstanding commercial real estate projects and transactions across the UK, US, and Canada. The awards recognized 35 UK winners across three categories, highlighting projects that positively influence markets. Notable winners include Fenwick and Henderson Park for significant acquisitions and developments.
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Homes.com Residential Network Reaches All-Time High of 149 Million+ Unique Monthly Visitors in February 2024

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Homes.com, the #2 Homebuying Portal, experiences a remarkable 567% year-over-year traffic growth, reaching 149 million unique visitors in February. CoStar Group's investment of over $1 billion in Homes.com has led to explosive growth and a unique 'Your Listing, Your Lead' business model, connecting buyers directly to agents. The company's extensive marketing campaign and focus on neighborhood-specific content have contributed to its success.
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CoStar Group 2023 Revenue Increased 13%, Apartments.com Crosses $1 Billion in Annualized Run Rate Revenue in January 2024, and Homes.com Crosses $1 Million in Annualized Daily Net New Sales Bookings in February 2024

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CoStar Group, Inc. (NASDAQ: CSGP) reported strong financial results for the year ended December 31, 2023, with revenue reaching $2.46 billion, a 13% increase from the previous year. The company's net income also saw growth, totaling $375 million for the year. CoStar Group's commercial information and marketplace businesses performed well, achieving a 14% revenue growth in 2023. The launch of Homes.com was successful, with significant net new bookings and positive reception from residential real estate agents. The Company's outlook for 2024 is optimistic, with revenue expected to range from $2.75 billion to $2.77 billion, representing a 12% to 13% year-over-year growth.
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CoStar Group Acquires 1201 Wilson Boulevard, a LEED Platinum Office Building in Arlington, Virginia

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CoStar Group (NASDAQ: CSGP) acquires 552,000 square foot office building in Arlington, Virginia, relocating Washington, D.C. employees. Company plans to capitalize on tax incentives and market conditions. The move signifies growth and expansion for CoStar Group.
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Homes.com Ranked Among Top 50 U.S. Domains In Organic Visibility Improvement in 2023

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Homes.com, a brand of CoStar Group (NASDAQ: CSGP), has earned the 43rd spot in SISTRIX’s IndexWatch 2023 for organic visibility improvement, reflecting the significant growth and awareness experienced throughout 2023. CoStar Group's network of U.S. real estate portals experienced 160 million unique visitors, making Homes.com the second most-trafficked real estate portal in the country. CoStar Group is included in the S&P 500 Index and the NASDAQ 100, showcasing significant growth and expansion.
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CoStar Group to Report Financial Results for Fourth Quarter and Full Year 2023 on February 20, 2024

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CoStar Group, Inc. (CSGP) will announce financial results for the fourth quarter and full year 2023 on February 20, 2024. The company, a leading provider of online real estate marketplaces, will conduct a conference call to discuss the results and outlook.
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FAQ

What is the current stock price of CoStar Group (CSGP)?

The current stock price of CoStar Group (CSGP) is $74.01 as of January 22, 2025.

What is the market cap of CoStar Group (CSGP)?

The market cap of CoStar Group (CSGP) is approximately 30.4B.

What is CoStar Group Inc.?

CoStar Group Inc. is a leading provider of commercial real estate information, analytics, and online marketplaces.

When was CoStar Group founded?

CoStar Group was founded in 1987.

What services does CoStar Group offer?

CoStar Group offers extensive real estate data, analytics, and online marketplaces through platforms like CoStar Suite, LoopNet, Apartments.com, and more.

How many registered members does LoopNet have?

LoopNet has over 9.8 million registered members.

Where is CoStar Group headquartered?

CoStar Group is headquartered in Washington, DC.

Which sectors does CoStar Suite cover?

CoStar Suite covers sectors such as office, retail, hotels, multifamily, healthcare, industrial, self-storage, and data centers.

What are some key online apartment resources managed by CoStar Group?

Key online apartment resources managed by CoStar Group include Apartments.com, ApartmentFinder.com, and ApartmentHomeLiving.com.

What percentage of CoStar Group's revenue is subscription-based?

Over 80% of CoStar Group's revenue is subscription-based.

In which countries has CoStar Group recently expanded?

CoStar Group has recently expanded its presence in Canada, the United Kingdom, Spain, and France.

How many unique monthly visitors do CoStar's websites attract?

CoStar's websites attract over 23.6 million unique monthly visitors as of June 2015.
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CoStar Group Inc

Nasdaq:CSGP

CSGP Rankings

#407 Ranked by Market Cap
N/A Ranked by Dividends

CSGP Stock Data

30.44B
405.29M
1.13%
101.67%
2.87%
Real Estate Services
Services-business Services, Nec
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United States of America
WASHINGTON