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La Rosa Holding Corp. Common Stock (symbol: LRHC) is a prominent player in the U.S. residential real estate market. The company, headquartered in Celebration, Florida, operates as a holding company for five agent-centric, technology-driven, cloud-based, multi-service real estate entities. These entities specialize in residential and commercial real estate brokerage, franchising, real estate education and coaching, and property management.
La Rosa’s business model is structured to provide comprehensive services to both real estate agents and the general public. The company’s operations are divided into five key segments: Real Estate Brokerage Services (Residential), Franchising Services, Coaching Services, Property Management, and Real Estate Brokerage Services (Commercial). Among these, the Residential Brokerage Services segment generates the majority of the company’s revenue.
The company’s unique approach focuses on creating multiple revenue streams for agents while enhancing their value proposition. This is achieved through a 100% commission model, less a small facilitation fee, allowing agents to maximize their earnings. This business model is complemented by La Rosa’s advanced technology, which not only aids agents but also provides significant value to consumers.
Recent achievements of La Rosa Holdings include substantial growth and expansion. The company has made six acquisitions since December 2023, adding to its 35 affiliate and franchise offices spread across California, Georgia, New York, Puerto Rico, South Carolina, and Florida. This strategic growth is supported by post-IPO capital, fueling ambitious expansion plans and enhancing the company’s national presence.
La Rosa Holdings’ innovative model has attracted significant attention and accolades in the real estate industry. The company was named one of the Top 75 Residential Real Estate Firms in the United States by the National Association of Realtors and received the “Top Workplace” award from the Orlando Sentinel in 2022. These recognitions reflect La Rosa’s commitment to excellence and its ability to foster a supportive and productive environment for its agents.
One of the key drivers of La Rosa’s success is its comprehensive support system for agents. This includes ongoing training, access to proprietary technology, and results-driven coaching. This support ensures that agents not only meet but exceed client expectations in today’s competitive digital age.
In terms of financial performance, La Rosa generated revenues of over $26.2 million in FY2022, marking an 8% increase from FY2020. The company’s growth trajectory is expected to continue as it leverages its innovative business model and strategic acquisitions.
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La Rosa Holdings Corp. (NASDAQ: LRHC) has announced a debt restructuring with its noteholder, involving three outstanding notes issued in February, April, and July 2024. Key points of the restructuring include:
1. Repayment of $200,000 of the debt
2. Deferral of all principal and interest payments until February 1, 2025
3. Extension of maturity dates to August 1, 2025
4. Halting of note conversions unless the Company fails to comply or defaults
This restructuring is expected to reduce the Company's total debt under the notes by approximately 9.5%. La Rosa reaffirms its target of achieving a $100 million annualized revenue exit run rate for 2024, with profitability expected in 2025. The Company plans additional acquisitions by year-end, primarily funded with stock, and reports over 400 new agents onboarded since June 1, 2024.
La Rosa Holdings Corp. (NASDAQ: LRHC), a multi-service real estate company, has been invited to participate in the iAccess Alpha Buyside Best Ideas Fall Conference 2024 on September 24-25, 2024. CEO Joe La Rosa will host virtual one-on-one meetings with institutional investors and deliver a presentation on Tuesday, September 24, 2024, at 2:30 p.m. Eastern Time.
Investors can access the webcast of La Rosa's presentation through the provided link or on the company's website under the Events tab. The iAccess Alpha conference features companies recommended by investors, offering a unique opportunity for La Rosa to showcase its agent-centric, technology-integrated real estate services to potential investors.
La Rosa Holdings Corp. (NASDAQ: LRHC) has announced its intent to acquire a real estate brokerage firm with over 950 agents and offices in multiple states. The target firm generated more than $19.0 million in revenue for 2023 and offers a proprietary cloud-based SaaS platform for real estate agents. This potential acquisition aligns with La Rosa's vision of advancing technology-driven real estate solutions and expanding market presence.
Key highlights:
- The acquisition could help La Rosa reach its goal of exceeding 4,000 agents by year-end
- La Rosa projects an annualized revenue run rate of $100 million by the end of 2024
- The company anticipates achieving profitability in 2025
- La Rosa has onboarded over 400 agents since June 1, 2024
The acquisition is subject to the execution of a definitive agreement and other closing conditions.
La Rosa Holdings Corp. (NASDAQ: LRHC) has onboarded over 400 agents since June 1, 2024, marking a record growth for the company. This surge is attributed to La Rosa's innovative multi-level, revenue-share commission plan, which offers agents immediate earning potential, a five-level structure, and a 100% commission model. The plan's transparency and flexibility are disrupting the real estate industry.
Additionally, La Rosa is benefiting from recent practice changes required for National Association of Realtors (NAR) members under a settlement agreement. These changes have increased interest from agents seeking more lucrative and sustainable income streams. CEO Joe La Rosa emphasized that their commission plans have been important in attracting both experienced and newer agents looking for better financial returns and career growth opportunities.
La Rosa Holdings Corp. (NASDAQ: LRHC), a multi-service real estate company, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference from September 9-11, 2024, in New York City. CEO Joe La Rosa is set to present on September 10th at 4:30 p.m. Eastern Time.
The presentation will be webcast live and accessible through the company's website. La Rosa's management team will also engage in one-on-one meetings with investors throughout the conference. This event provides an opportunity for La Rosa to showcase its agent-centric, technology-integrated real estate services to potential investors and industry professionals.
La Rosa Holdings Corp (NASDAQ: LRHC) has acquired a 100% interest in Nona Title Agency , DBA Red Door Title, a full-service escrow settlement and title company based in Orlando, Florida. This acquisition allows La Rosa to expand its service offerings with title insurance for home purchases and sales, complementing its existing real estate offerings. The move enables La Rosa to provide more comprehensive solutions in the residential property market and opens opportunities for strategic joint ventures with La Rosa's real estate offices in other states. CEO Joe La Rosa emphasized that this acquisition aligns with the company's strategy to offer a complete suite of services, enhancing the convenience and security for clients while differentiating La Rosa in a competitive market.
La Rosa Holdings Corp. (NASDAQ: LRHC) has acquired a 100% interest in BF Prime , a franchisee in Carolina, Puerto Rico, as part of its strategic expansion plan. This acquisition brings La Rosa's Ultimate Plan, a five-level revenue share model, to Puerto Rico. The company is hosting a 'Discover the La Rosa Difference' event on October 17th, 2024, to attract real estate agents.
CEO Joe La Rosa highlighted Puerto Rico's real estate market growth potential, with projections estimating its value to reach $389.7 billion by 2029. La Rosa aims to replicate its successful Florida model in Puerto Rico, leveraging its strong presence in the Hispanic community. With over 600 agents in Puerto Rico, the company is introducing its innovative compensation system to empower agents.
La Rosa reaffirms its target of generating $100 million in annualized revenue as a 2024 exit run rate, with profitability expected in 2025, driven by organic growth and franchisee acquisitions.
La Rosa Holdings Corp. (NASDAQ: LRHC) reported a 154% year-over-year increase in revenue to $19.1 million for Q2 2024. Key highlights include:
- Residential real estate services revenue up 237% to $15.9 million
- Property management revenue increased 16% to $2.8 million
- Acquired five real estate brokerage franchisees in H1 2024
- Onboarded over 200 agents in June, a historic milestone
The company aims to surpass 4,000 agents by year-end, a 62% increase since its IPO. La Rosa expects to reach a $100 million annualized revenue run rate by end of 2024, with profitability anticipated in 2025. However, the company reported a net loss of $2.3 million for Q2 2024.
La Rosa Holdings Corp. (NASDAQ: LRHC) has announced its intent to acquire Celebration Corporate Center through its subsidiary, La Rosa Property Management (LRPM). This acquisition will mark LRPM's expansion into the commercial real estate sector, diversifying its portfolio beyond residential property management. Celebration Corporate Center, established in 2008, offers 32 full-time offices and 248 virtual offices in Celebration, Florida.
CEO Joe La Rosa emphasized that this move aligns with the company's strategic growth plan and commitment to comprehensive real estate solutions. LRPM has seen a 17% year-to-date increase in properties under management and anticipates an annual growth rate of at least 30%. La Rosa Holdings reaffirms its target to generate $100 million in annualized revenue by the end of 2024 and expects to achieve profitability in 2025.
La Rosa Holdings Corp. (NASDAQ: LRHC) reported a 15% sequential increase in real estate transaction volume for Q2 2024 compared to Q1 2024. The transaction aggregate value rose by approximately 21%, reaching just under $110 million. CEO Joe La Rosa attributed this growth to strategic initiatives, team efforts, and a significant increase in agent count. The company's unique revenue share model, which allows agents to earn revenue immediately without restrictions, has contributed to this success. La Rosa anticipates Q2 2024 revenue to be significantly higher compared to the same period last year, demonstrating the effectiveness of their business model and ability to deliver exceptional results.
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