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RE/MAX Holdings, Inc. (NYSE: RMAX) is a global leader in real estate franchising and mortgage brokerage services. Founded in 1973 by Dave and Gail Liniger, RE/MAX operates with an innovative and entrepreneurial spirit, allowing agents and franchisees considerable autonomy in their operations. With over 140,000 agents in nearly 9,000 offices across more than 110 countries, the company's global reach is unmatched in the real estate sector.
RE/MAX Holdings operates through several key segments: Real Estate, Mortgage, Marketing Funds, and Others, with the Real Estate segment generating the majority of its revenue. The company’s subsidiary, RE/MAX, LLC, is renowned for having the most productive agents in the industry, as evidenced by its repeated recognition for excellence and industry leadership. In recent achievements, RE/MAX was celebrated for its executive leadership and industry influence, securing spots on various prestigious rankings, including the Swanepoel Power 200 and RISMedia's Real Estate Newsmakers.
In addition to its substantial contributions to the real estate market, RE/MAX has a strong community presence. The company has raised over $130 million for Children's Miracle Network Hospitals® and other charitable organizations, emphasizing its commitment to making a positive impact in the communities it serves.
RE/MAX's operational strategy includes global expansion and the continuous enhancement of its technology platforms. Recent initiatives include the launch of Motto Mortgage, the first and only national mortgage brokerage franchise in the U.S., which has expanded to over 225 offices across almost 40 states since its inception in 2016. Furthermore, RE/MAX is dedicated to providing top-tier support and resources to its franchisees and agents, driving both brand growth and agent success.
Financially, RE/MAX Holdings has shown resilience and strategic cost management amid market fluctuations. The company reported first-quarter 2024 revenue of $78.3 million, with significant contributions from recurring revenue streams. Despite a slight decrease in revenue compared to the previous year, the company's focus on high-quality service and efficient operations positions it well for future growth.
RE/MAX continues to innovate and adapt to changing market conditions, maintaining its status as the #1 name in real estate1. For the latest updates and more information, visit their official website at www.remax.com.
RE/MAX continues to lead the real estate industry, boasting more top-ranked agents than any other brand, according to the RealTrends + Tom Ferry "The Thousand" list. In the latest rankings, RE/MAX agents secured 131 spots among the top 1,000 home-selling agents, maintaining a dominant presence for seven of the last nine years. Notably, 117 of the 502 agents closing the most residential transactions were from RE/MAX, outperforming competitors with an average of 2 to 1 in transaction sides. RE/MAX is celebrated for its productive network and commitment to professionalism.
RE/MAX Holdings, Inc. (NYSE:RMAX) has appointed Annita M. Menogan to its Board of Directors, effective June 1, 2022. Menogan, with extensive experience in public company leadership, is expected to enhance the Board's capabilities in legal and governance matters. Dave Liniger, Chairman and Co-Founder, highlighted her unique qualifications for driving business strategies. Menogan is also actively involved in non-profit boards and has served in various legal roles, including General Counsel at The Simply Good Foods Company. RE/MAX continues to expand its influence as a leading real estate franchisor globally.
In Q1 2022, RE/MAX added over 170 new franchises and renewed 285 affiliate offices, showcasing robust growth in its global real estate network. The company also expanded into Taiwan during this period. Total agent count rose by 2,191 year-over-year, reaching a record high of 142,405 agents. RE/MAX continues to attract driven agents with its global presence and resources, emphasizing its innovative culture and local community engagement.
RE/MAX Holdings, Inc. (NYSE:RMAX) announced that its Chief Financial Officer, Karri Callahan, and President & CEO of RE/MAX, LLC, Nick Bailey, will participate in two upcoming investor conferences. The events include the KBW 2022 Virtual Real Estate Finance & Technology Conference on May 26, 2022, and the 42nd Annual William Blair Growth Stock Conference on June 9, 2022. As a leader in real estate franchising, RE/MAX has over 140,000 agents in nearly 9,000 offices globally, selling more real estate than any other company.
RE/MAX announced the addition of three new companies to its Approved Supplier program, enhancing resources available to agents. The new suppliers are Colibri Real Estate Education, offering comprehensive learning solutions; RentSpree, an award-winning rental software providing tenant screening; and TopHap, which delivers accessible, data-driven analytics for real estate. These additions will help agents improve their services and operational efficiency, while also benefiting from exclusive discounts through the RE/MAX Marketplace.
The RE/MAX Collection announced the 10th Annual Luxury Forum taking place on June 14-15 in Dallas, featuring keynote speakers like Jordan Cohen, Dr. Jessica Lautz, and Matt Havens. With Cohen closing over $314M sales last year, he will share insights with luxury agents. Dr. Lautz will discuss the Future of Home, while Havens will address generational challenges. The event includes sessions led by RE/MAX executives, networking opportunities, and an early bird registration rate of $319 until May 23.
RE/MAX Holdings reported strong first-quarter results for 2022, with total revenue increasing 25.9% to $91.0 million. Excluding Marketing Funds, revenue rose 25.9% to $68.2 million, driven by 10.5% organic growth and acquisitions. Net income for the quarter was $1.5 million, or $0.08 per share. Adjusted EBITDA also grew by 20.5% to $27.9 million, achieving a margin of 30.7%. The total agent count rose 1.6% to 142,405. A quarterly dividend of $0.23 per share was approved, payable on May 25, 2022.
RE/MAX Holdings (NYSE: RMAX) has declared a quarterly cash dividend of $0.23 per share for its Class A common stock, payable on May 25, 2022. Shareholders of record as of May 11, 2022 will qualify for this dividend. As a prominent franchisor in the real estate sector, RE/MAX operates globally with over 140,000 agents across nearly 9,000 offices. The company continues to navigate challenges, including the ongoing impact of the COVID-19 pandemic and fluctuations in real estate markets.
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