STOCK TITAN

Realogy is the Real Estate Industry's Leading Brokerage in Annual T3 Sixty Mega 1000

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Realogy Holdings Corp. (NYSE: RLGY) has been named the top brokerage in the residential real estate sector, according to the T3 Sixty Mega 1000 report, with over $184 billion in U.S. sales volume for 2020. This marks a nearly 20% increase compared to the next leading competitor. Realogy's affiliated brands, such as Coldwell Banker and Sotheby's International Realty, also ranked prominently. Additionally, the company reported a record $162 million in Operating EBITDA for Q1 2021, demonstrating significant growth in closed homesale transactions.

Positive
  • Ranked number one brokerage with $184 billion in sales volume for 2020.
  • Achieved 44% year-over-year increase in closed homesale transaction volume.
  • Record $162 million in Operating EBITDA for the first quarter of 2021.
  • Top multiple T3 Sixty rankings, showcasing strong brand presence in real estate.
Negative
  • None.

MADISON, N.J., May 11, 2021 /PRNewswire/ -- Maintaining its leading position as a moving force in real estate, Realogy Holdings Corp. (NYSE: RLGY) tops the newly released T3 Sixty Mega 1000, which analyzes the residential real estate industry's largest brokerage companies. The company's owned brokerage, Realogy Brokerage Group, ranked as the nation's number one brokerage with more than $184 billion in U.S. sales volume in 2020, nearly 20% higher than the next-ranking brokerage.

In addition to claiming the top brokerage position, Realogy boasts multiple affiliated brokerages on the list across all six of its residential real estate brands, including Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Corcoran®, ERA®, and Sotheby's International Realty®.

"In a year unlike any other, I am proud that Realogy Brokerage Group once again led the industry in the T3 Sixty Mega 1000, exceeding our prior year sales volume," said Ryan Schneider, Realogy CEO and President. "During an incredibly dynamic market, the affiliated agents and brokers across our Coldwell Banker, Corcoran, and Sotheby's International Realty company owned offices demonstrated tremendous expertise, creativity, and dedication as they helped their clients buy and sell homes. Their innovation drives our success and together, we are transforming the future of real estate."

On April 29, 2021, Realogy reported its first quarter earnings results, generating a record $162 million in Operating EBITDA, delivering 44% year over year increase in closed homesale transaction volume, driving market share gains for the third consecutive quarter, and strengthening the company's balance sheet.

Realogy tops multiple T3 Sixty rankings for 2021 such as the 2021 Swanepoel Power 200, representing more of the most powerful people in real estate than any other company, and the T3 Sixty 2021 Enterprise 20 Report, as the number one real estate enterprise by sales volume, transaction sides, and agent count for the 2020 calendar year.

Realogy also continues to be recognized beyond the real estate industry, most recently as one of just 50 companies ranked by LinkedIn as a 2021 Best Company to Work For in the U.S. Additionally, Realogy was named one of the 2021 World's Most Ethical Companies by Ethisphere for the tenth consecutive year and achieved the Great Place to Work® certification by the independent analysts at Great Place to Work Institute for the third consecutive year.

To access the full 2021 Mega 1000, visit realestatealmanac.com.

About Realogy Holdings Corp.
Realogy (NYSE: RLGY) is moving the real estate industry to what's next. As the leading and most integrated provider of U.S. residential real estate services encompassing franchise, brokerage, relocation, and title and settlement businesses as well as a mortgage joint venture, Realogy supported approximately 1.4 million home transactions in 2020. The company's diverse brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby's International Realty®. Using innovative technology, data and marketing products, high-quality lead generation programs, and best-in-class learning and support services, Realogy fuels the productivity of its approximately 191,700 independent sales agents in the U.S. and more than 135,000 independent sales agents in 117 other countries and territories, helping them build stronger businesses and best serve today's consumers. Recognized for ten consecutive years as one of the World's Most Ethical Companies, Realogy has also been designated a Great Place to Work three years in a row and is one of LinkedIn's 2021 Top Companies in the U.S.  

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Realogy Holdings Corp. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements.

Various factors that could cause actual future results and other future events to differ materially from those in forward-looking statements include but are not limited to those set forth under the headings "Forward-Looking Statements" and "Risk Factors" in Realogy's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2020, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 and its other filings made from time to time. Realogy undertakes no obligation to release publicly any revisions to any forward-looking statements, except as required by law.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/realogy-is-the-real-estate-industrys-leading-brokerage-in-annual-t3-sixty-mega-1000-301289133.html

SOURCE Realogy Holdings Corp.

FAQ

What was Realogy Holdings Corp.'s sales volume in 2020?

Realogy's sales volume in 2020 was over $184 billion.

How did Realogy perform in the T3 Sixty Mega 1000 report?

Realogy was ranked as the top brokerage in the T3 Sixty Mega 1000 report.

What was Realogy's Operating EBITDA for Q1 2021?

Realogy reported a record Operating EBITDA of $162 million for Q1 2021.

Which affiliated brands contributed to Realogy's success?

Affiliated brands like Coldwell Banker and Sotheby's International Realty contributed significantly.

How much did Realogy's closed homesale transaction volume increase by in Q1 2021?

Realogy experienced a 44% year-over-year increase in closed homesale transaction volume.

rlgy

NYSE:RLGY

RLGY Rankings

RLGY Latest News

RLGY Stock Data

1.45B
116.02M
2.63%
108.73%
10.44%
Real Estate Services
Real Estate
Link
United States
Madison