rlgy - RLGY STOCK NEWS

Realogy Holdings Corp. (NYSE: RLGY) reported exceptional Q2 2021 results, with revenue soaring 81% year-over-year to $2.3 billion and net income of $149 million. Basic earnings per share reached $1.28, a remarkable turnaround from a loss of $0.12 in the prior year. Operating EBITDA increased by 77% to $310 million, while free cash flow improved to $243 million. The company achieved a record low net debt leverage ratio of 2.5x and gained market share for the fourth consecutive quarter, benefiting from strong transaction volume growth of 85% compared to the year before.

Sotheby's International Realty announced the opening of St. Kitts & Nevis Sotheby's International Realty, expanding its Caribbean presence to nearly 30 offices. This growth comes as the Caribbean market sees increased interest in second homes and investment properties driven by remote work trends. The new office, operated by Neil Paine, aims to leverage the region's luxury market potential, especially among high-net-worth individuals. The announcement aligns with Sotheby's strategic growth plans and follows prior expansion in Antigua & Barbuda.

Realogy Holdings Corp. (NYSE: RLGY) has appointed Caitlin McCrory as Vice President of Industry Relations. McCrory will lead advocacy efforts, establish strategic policy objectives, and foster relationships with industry organizations. Reporting to Marilyn Wasser, Realogy's Executive Vice President and General Counsel, she brings substantial experience from Redfin and the National Association of Realtors. This leadership move aims to enhance Realogy's influence and clarity within the real estate sector, consolidating the voices of affiliated agents and franchise owners.

Coldwell Banker Realty has listed the luxurious Los Angeles compound of director Taylor Hackford and actor Helen Mirren for $18.5 million or $45,000 per month lease. This 10,200-square-foot residence, situated on 6.5 acres, features nine bedrooms, ten bathrooms, and extensive outdoor entertaining spaces. The property has a rich history, having had only four owners since its construction in 1911.

Real estate agents Joyce Rey and Stephen Apelian highlight its celebrity pedigree, stunning views, and remarkable privacy, making it an exceptional opportunity for buyers.

Coldwell Banker Commercial, a brand of Realogy (NYSE: RLGY), announced the addition of five new brokerages in the first half of 2021. These include Coldwell Banker Commercial Alamo City, AMH, Bartels Real Estate, Central Advisors, and Custom Realty, expanding their market presence in locations such as San Antonio, Farmingdale, and Rochester. Many new brokers bring extensive real estate experience, enhancing Coldwell Banker Commercial's growth strategy. Leadership roles have also been appointed to strengthen their market expansion.

Realogy Holdings Corp. (NYSE: RLGY) will release its financial results for Q2 2021 on July 29, 2021, ahead of a scheduled webcast at 8:30 a.m. ET. The company, known as the largest full-service residential real estate services provider in the U.S., will share updates on its earnings and business operations. Investors can access the call via the Realogy website or by dialing in. Realogy supported approximately 1.4 million home transactions in 2020 and operates a portfolio of well-known brands.

Century 21 Real Estate has partnered with Project Destined to launch a three-year sponsorship aimed at empowering diverse students and military veterans in real estate careers. This program offers mentorship and education through a paid virtual internship with CENTURY 21 professionals focusing on key real estate skills. Students will participate in competitions for scholarships while gaining insights into ownership and technology's role in the industry. Following the pilot in Chicago, the initiative plans to expand nationally, furthering diversity and representation in real estate.