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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 Expands its Operations in France, Appoints Sandra Roumi as General Manager

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CoStar Group (NASDAQ: CSGP) appoints Sandra Roumi as its first France General Manager, aiming to lead the Group’s France expansion efforts. Roumi, a seasoned journalist and respected figure in the French real estate industry, brings unparalleled knowledge of the market. CoStar will incorporate expertise and resources from its existing three businesses in France to advance its mission and launch CoStar and LoopNet to the French market. The expansion in France is part of the company’s European growth strategy, with international operations in 15 countries globally.
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Andy Florance Named Amongst Inman’s Best of Proptech Award Winners for Entrepreneurs

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CoStar Group (NASDAQ: CSGP) CEO Andy Florance wins Inman’s Best of Proptech Award for Entrepreneur category. CoStar Group, a leading provider of online marketplaces, information, and analytics in the property markets, has experienced tremendous success under Andy's leadership, reporting 50th straight quarters of double-digit revenue growth and impressive website traffic. In September 2023, CoStar Group’s network of U.S. real estate websites saw over 160 million monthly unique visitors, with Homes.com achieving 100 million unique monthly visitors, solidifying its position as one of the fastest-growing home search sites in the industry.
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Apartments.com Publishes October 2023 Multifamily Rent Report

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Apartments.com - CoStar Group Report Reveals Decline in Multifamily Rents for October 2023
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CoStar Group Sponsored Successful Keep Virginia Beautiful Tree Planting Event

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CoStar Group partnered with Keep Virginia Beautiful, Capital Trees, and the City of Richmond to plant 50 trees in Canoe Run Park as part of the 'LOVE VA' campaign. The trees will create a shade canopy around the trail, enhancing the park experience. CoStar Group is committed to investing in the Richmond community and has ongoing sustainability initiatives.
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CoStar Group Third Quarter 2023 Revenue Increased 12% Year-over-Year Marking 50 Straight Quarters of Double-Digit Revenue Growth

Rhea-AI Summary
CoStar Group announces Q3 2023 revenue of $625 million, up 12% YoY, and net income of $91 million, up 25% YoY. Homes.com sees 1,290% YoY growth in unique visitors, becoming the second most heavily trafficked residential network. CoStar Group offers to acquire OnTheMarket, a top UK property portal.
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CoStar Group Offers to Acquire Leading UK Residential Property Portal OnTheMarket

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CoStar Group announces proposal to acquire OnTheMarket for £1.10 per share in cash or approximately £100 million.
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CoStar Group Founder and CEO Andy Florance Recognized on Commercial Observer’s 2023 Power Proptech List

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CoStar Group's CEO, Andy Florance, has been named one of the most powerful people in commercial real estate proptech for the second consecutive year.
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CoStar Group Calls for Entries Ahead of Third Annual CoStar Impact Awards

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CoStar Group accepting nominations for the third annual CoStar Impact Awards
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Apartments.com Releases Rent Growth Report for Third Quarter of 2023

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Apartments.com publishes report on multifamily rent growth trends for Q3 2023
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CoStar Group to Report Financial Results for Third Quarter on October 24, 2023

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CoStar Group, Inc. will announce Q3 2023 financial results on October 24, 2023. Conference call to discuss results and outlook at 5:00 PM EDT. Webcast available on company website.
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FAQ

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

The current stock price of CoStar Group (CSGP) is $71.44 as of December 20, 2024.

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

The market cap of CoStar Group (CSGP) is approximately 28.6B.

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

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

CSGP Stock Data

28.63B
405.29M
1.14%
101.64%
2.7%
Real Estate Services
Services-business Services, Nec
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United States of America
WASHINGTON