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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 Appoints Angelique Brunner to Board of Directors

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CoStar Group (NASDAQ: CSGP) announces the appointment of Angelique Brunner as an independent member of the board. With over 25 years of experience in finance, real estate, and venture capital, Ms. Brunner brings extensive industry expertise to the company. This appointment comes during a period of significant growth and expansion for CoStar Group, which has seen over 10 straight years of double-digit revenue growth and surpassed 100 million monthly unique visitors across its online marketplaces and websites.
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CoStar Group Second Quarter 2023 Revenue Increased 13% Year-over-Year and Net New Bookings Were $82 Million. CoStar Group Reaches 105 Million Monthly Visitors.

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CoStar Group, Inc. announced Q2 2023 revenue of $606 million, a 13% increase YoY. Net income for the quarter was $101 million, up 20% from the previous year. Apartments.com revenue grew by 23% in Q2. Traffic to CoStar Group's websites reached 105 million unique visitors in June, a new high. The residential network saw 84 million average monthly unique visitors, with Homes.com network traffic growing by 130% YoY in June.
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Ten-X Announces Season 2 of “Battle of the Bids” Property Auction Competition with Enhanced Features and Larger Prizes

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Ten-X Launches Season 2 of 'Battle of the Bids' with Enhanced Features and Bigger Cash Prizes, Open to a Wider Audience
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Apartments.com Publishes Rent Growth Report for Second Quarter of 2023

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Apartments.com releases report on multifamily rent growth trends for Q2 2023, showing supply outpacing demand. 520,000 new units expected to be delivered this year.
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CoStar Group to Report Financial Results for Second Quarter on July 25, 2023

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CoStar Group Named to 20th Anniversary Edition of Forbes Global 2000

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CoStar Group Signs Science Based Targets Initiative (SBTi) Commitment for Emissions Reduction

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Ten-X Releases Auction Insights Report Featuring Data-Driven, Proprietary Insights on Multifamily Housing Industry

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LoopNet and Google Release Commercial Real Estate Study Focused on Identifying Trends in Tenant and Investor Online Search Behavior

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LoopNet, a CoStar Group company, has released a research report on the commercial real estate search behavior of tenants and investors. The study reveals that the internet is essential for 78% of investors and 80% of tenants in their property searches. Additionally, 61% of investors and 51% of tenants made property transactions that they initially found online. The report also highlights that 80% of tenants and 89% of investors continue to search for properties online independently of their brokers.
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CoStar Group Founder and CEO Andy Florance Named to Commercial Observer Power 100

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Andy Florance, Founder and CEO of CoStar Group, has been honored as one of Commercial Observer's Power 100, recognizing influential figures in the commercial real estate industry. CoStar Group's planned international growth and success in bringing staff back to the office and focusing on in-person collaboration are highlighted. CoStar Group has seen continued growth and positive financial results despite a turbulent year for the CRE industry.
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FAQ

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

The current stock price of CoStar Group (CSGP) is $74.38 as of January 23, 2025.

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

The market cap of CoStar Group (CSGP) is approximately 30.1B.

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

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

CSGP Stock Data

30.08B
405.29M
1.13%
101.67%
2.87%
Real Estate Services
Services-business Services, Nec
Link
United States of America
WASHINGTON