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Realogy Holdings Corp
Sure, here's an overview of Realogy Holdings Corp (RLGY)
Realogy Holdings is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol "RLGY." The company is a global provider of real estate services with a diversified portfolio of well-known residential real estate brands such as Century 21. No limit, Sotheby's International Realty, Coldwell Banker, Coldwell Banker Commercial, Corcoran Group, ZipRealty, Climb Real Estate, and others.
Realogy was founded in 2006 as a spin-off from Cendant Corporation, a real estate and hospitality company. The company quickly grew through a series of acquisitions, including the purchase of the franchise business of Coldwell Banker, ERA, and Sotheby's International Realty. Today, the company operates in over 110 countries and territories worldwide and has over 180,000 Sales agents and 8,235 offices, as of 2020.
In terms of financials, Realogy has reported net income of $440 million on $6.1 billion in revenue for the year 2020, representing a 37% year-over-year increase. The compelling performance was primarily due to the company's focus on technology, marketing, and service quality. Realogy generated $527 million in net cash provided by operating activities in 2020 compared to $431 million in the prior year, representing a 22% increase.
Realogy has been steadily growing its revenue over the past few years, from $4.39 billion in 2018 to $6.13 billion in 2020. The growth is mainly attributed to the acquisition of new franchises such as Sotheby's International Realty and the rise of home sales due to declining mortgage rates and increased buyer demand. While the company's net income has fluctuated in recent years, it has consistently reported significant profits, with a profit margin of 19.6% in 2020.
In summary, Realogy Holdings Corp (RLGY) is a leading global real estate services company with a diverse portfolio of well-established residential real estate brands. With its focus on technology, marketing, and service quality, Realogy has reported steady revenue growth and significant profits in recent years. The company continues to expand its services and position itself for continued success in the ever-evolving real estate market.
Overall, investors interested in the real estate industry may find realogy Holdings Corp (RLGY) an attractive option for investment. However, it's important to remember that investing in the stock market always carries risk and should be carefully evaluated considering your portfolio's overall diversification and your financial objectives. It's also essential to thoroughly research and keep up with the company's performance, the state of the real estate industry, and any other factors that could impact the stock's performance.