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Compass(COMP) - 2024 Q1 - Quarterly Results
2024-05-09 04:09
Exhibit 99.1 Compass, Inc. Reports First Quarter 2024 Results Grows Revenue 10% year-over-year Increases Agent Count and Market Share year-over-year Free Cash Flow Positive for Q1 2024 New York, NY - May 8, 2024 - Compass, Inc. (NYSE: COMP) (“Compass” or “the Company”), the largest residential real estate brokerage in the United States by sales volume1 for the third year in a row, announced its financial results for the first quarter ended March 31, 2024. “We exceeded our expectations for Q1 2024 by growing ...
Compass to Announce First Quarter 2024 Earnings on Wednesday, May 8
Prnewswire· 2024-04-19 04:15
NEW YORK, April 18, 2024 /PRNewswire/ -- Compass, Inc. (NYSE: COMP), the largest residential real estate brokerage in the United States by sales volume1, announces its first quarter 2024 financial results will be released after market close on Wednesday, May 8, 2024. The company will host a conference call and webcast to discuss its results that afternoon at 5:00 p.m. ET / 2:00 p.m. PT. Call details are as follows: The conference call will be accessible online via the Compass Investor Relations website, htt ...
Real Estate Stocks Just Got Decimated: What I'm Buying For The Rebound
Seeking Alpha· 2024-03-19 02:13
Feverpitched/iStock via Getty Images The National Association of Realtors or "NAR" just announced a $418 million settlement in a deal that is supposed to "spare" home sellers from automatic commission to the buyer's agent. This news seemed to get lots of publicity but in reality, I believe it is much ado about nothing. First of all, home sellers don't have to sell their homes at all, and they certainly don't have to pay anyone to sell them. They can do a for sale by owner or "FSBO". As most people know, thi ...
Prudence Closes Its $80mm Fund III To Invest In Technology Companies Transforming The Built World
Businesswire· 2024-03-07 22:00
NEW YORK--(BUSINESS WIRE)--Prudence, an early-stage venture firm investing in technology companies leading the global transformation of the built world, announced the closing of its third fund with $80 million of capital commitments. Founded in 2009, Prudence has been investing in early-stage technology companies for the last 15 years. The firm invests across multiple verticals, including construction, real estate, infrastructure, and climate/energy adaptation. “We are grateful to our limited partners for t ...
Compass(COMP) - 2023 Q4 - Earnings Call Transcript
2024-02-28 11:44
财务数据和关键指标变化 - 2023年第四季度收入为11亿美元,位于11亿至12亿美元的指引范围下限 [40] - 2023年全年毛利润率较2022年提升4个基点,剔除并购影响后实际提升14个基点 [42] - 2023年全年通过减少代理人现金激励,总代理人经济学进一步提升43个基点,合计提升57个基点 [43] 各条业务线数据和关键指标变化 - 2023年第四季度交易量下降4.9%,优于整个住宅房地产市场9.2%的下降 [36] - 2023年第四季度市场份额为4.41%,同比增加9个基点,环比增加10个基点 [36] - 2023年第四季度平均主要代理人数量增加7.7% [36] - 2023年公司继续扩大整合服务如产权和抵押贷款,这些业务的EBITDA利润率和附加率持续提升 [38] 各个市场数据和关键指标变化 - 2024年1月公司收入同比增长14%,调整后增长9%,优于同期现有房屋销售交易量下降1.7% [29] - 2024年1月公司平台上的卖家相关活动较去年同期增加约42%,买家组织的看房次数增加13% [30] 公司战略和发展方向及行业竞争 - 公司已建立了一个无与伦比的技术平台,能够吸引和留住最优秀的代理人,并实现独特的规模化扩张 [24] - 公司未来的成功不依赖于新产品或进入新市场,而是充分利用现有的技术优势 [9] - 公司正在帮助代理人展示买方代理的价值,分享最佳实践 [32] 管理层对经营环境和未来前景的评论 - 管理层对2024年持谨慎乐观态度,预计交易量将温和增长,但公司保守预测交易量持平 [28][29] - 公司相信房地产市场最终将恢复到中期水平的交易量,并做好充分准备 [34] - 公司有信心在市场复苏时充分利用市场机会 [34] 问答环节重要的提问和回答 问题1 **Soham Bonsale 提问** 对买方代理协议和卖方让步等做法的看法 [54][55][57] **Robert Reffkin 回答** 公司已大规模培训代理人使用买方代理协议,这有助于缓解相关担忧 [55][57] 问题2 **Jason Helstein 提问** 2024年正自由现金流预测的依据 [63][64][65] **Kalani Reelitz 回答** 公司已大幅降低成本,加上市场有所好转,有信心实现2024年正自由现金流 [64][65] 问题3 **Ryan McKeveny 提问** 公司如何帮助代理人向买家展示价值 [80][81][82][83] **Robert Reffkin 回答** 公司开发了买家展示,并提供如"Collections"等工具,帮助代理人更好地服务买家 [80][81][82][83]
Compass(COMP) - 2023 Q4 - Annual Report
2024-02-28 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM 10-K _______________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ____________ Commission File Number: 001-40291 _______________________ COMPASS, INC. (Exact name of ...
Compass(COMP) - 2023 Q4 - Annual Results
2024-02-27 00:00
Exhibit 99.1 Compass, Inc. Reports Fourth Quarter and Full Year 2023 Results Grows Agent Count and Market Share year-over-year and quarter-over-quarter in Q4 Expects to Be Free Cash Flow Positive for Full Year 2024 New York, NY - February 27, 2024 - Compass, Inc. (NYSE: COMP) (“Compass” or “the Company”), the largest residential real estate brokerage in the United States by transaction volume1, announced its financial results for the fourth quarter and full year ended December 31, 2023. “Over the past two y ...
A booming stock market means homebuyers will be more tolerant of high mortgage rates, Compass CEO says
Business Insider· 2024-02-23 03:28
股市表现与抵押利率 - 专家表示,股市表现强劲有助于减轻抵押利率上涨的影响[1] - 抵押利率在最近几个月已经回升至7%以上,之前曾因美联储即将实施货币宽松政策而下降,但随着降息延迟,抵押利率再次上升[2] 股市表现与标普500指数 - 标普500指数创下一系列历史新高,目前超过关键的心理阈值5000点,科技股尤其表现强劲,如Nvidia和Meta发布了强劲的财报[3] 抵押利率对购房者影响 - 报告显示高利率实际上在阻止购房者购房,上周抵押贷款申请量下降了10%[4] 住房市场供需关系 - 库存过剩可能有助于缓解住房价格上涨的压力,去年住房危机加剧了供应短缺问题,但今年库存增加了13%,有望转化为销售,预计春季市场将出现明显增长[5]
There are 3 bullish signals flashing that point a recovery in the housing market, Compass CEO says
Business Insider· 2024-01-23 03:52
o ¢ o The housing market is flashing signs of life, Compass CEO Robert Reffkin said. Home sales plunged to their lowest since 1995 in 2023, driven down by higher borrowing costs. But mortgage rates have dialed back and sales activity looks poised to pick up, Reffkin said. Insider Today NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Access your favorite topics in a personalized feed while you're on ...
Compass(COMP) - 2023 Q3 - Earnings Call Presentation
2023-11-07 13:16
3Q 2023 Business Update & Supplementary Information Safe Harbor Statement This presentation includes forward-looking statements, which are statements other than statements of historical facts, and statements in the future tense. These statements include, but are not limited to, statements regarding our future performance, including expected financial results for the fourth quarter and full year of 2023, planned operating expense and cash flow levels for the fou ...