October 01, 2016 2:10 PM ET

Real Estate Management and Development

Company Overview of Realogy Holdings Corp.

Company Overview

Realogy Holdings Corp. provides real estate and relocation services worldwide. The company’s Real Estate Franchise Services segment franchise its real estate brokerage franchise systems under the Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, Sotheby’s International Realty, and Better Homes and Gardens Real Estate brand names to real estate brokerage businesses. As of June 30, 2016, this segment’s real estate franchise systems had approximately 13,600 offices; and approximately 261,000 independent sales associates worldwide. Its Company Owned Real Estate Brokerage Services segment owns and operates a full-service real estate brokerage business primarily under the Coldwell Bank...

175 Park Avenue

Madison, NJ 07940

United States

Founded in 2006

11,400 Employees

Phone:

973-407-2000

Key Executives for Realogy Holdings Corp.

Chairman, Chief Executive Officer, President, Chairman of Realogy Corporation, Chairman of Domus Intermediate Holdings Corp, Chief Executive Officer of Domus Intermediate Holdings Corp., Chief Executive Officer of Realogy Corporation, President of Domus Intermediate Holdings Corp. and President of Realogy Corporation
Age: 62
Total Annual Compensation: $1.1M
Chief Financial Officer, Executive Vice President and Treasurer
Age: 57
Total Annual Compensation: $650.0K
Chief Executive Officer of NRT LLC and President of NRT LLC
Age: 59
Total Annual Compensation: $608.3K
Chief Executive Officer of Realogy Franchise Group and President of Realogy Franchise Group
Age: 68
Total Annual Compensation: $583.3K
Chief Executive Officer of Cartus Corporation and President of Cartus Corporation
Age: 62
Total Annual Compensation: $475.0K
Compensation as of Fiscal Year 2015.

Realogy Holdings Corp. Key Developments

Realogy Holdings Corp. Declares Quarterly Cash Dividend on Common Stock, Payable on Aug. 31, 2016

Realogy Holdings Corp. announced that Board of Directors has approved the initiation of a quarterly cash dividend policy on its common stock. The Board has declared a cash dividend of $0.09 per share of the Company's common stock, payable on Aug. 31, 2016 to shareholders of record as of the close of business on Aug. 17, 2016.

Realogy Holdings Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides Earnings Guidance for the Third Quarter of 2016 and Full Year 2016

Realogy Holdings Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenue of $1.66 billion, a 1% increase as compared to the second quarter of 2015, was primarily driven by higher homesale transaction volume at the Realogy Franchise Group (RFG) along with higher purchase and refinance closing unit volume at Title Resource Group (TRG). The Company's combined homesale transaction volume increased 3% in the quarter, consisting of a 7% volume gain at RFG and a 3% decline in volume at NRT. Net income for the period was $92 million or $0.63 per basic and diluted share, compared to $97 million or $0.66 per basic share in the second quarter of 2015. Adjusted net income was $108 million, and adjusted basic EPS was $0.74, improvements of 15% and 16%, respectively, compared to the second quarter of 2015. Operating EBITDA was $275 million, compared to $264 million in the second quarter of 2015, a year-over-year increase of 4%. EBITDA was $263 million against $265 million a year ago. Income before income taxes, equity in earnings and non-controlling interests was $153 million against $157 million a year ago. Capital expenditures were $18 million against $22 million a year ago. Net cash provided by operating activities was $166 million against $157 million a year ago. For the six months, the company reported net revenues of $2,796 million against $2,713 million a year ago. Income before income taxes, equity in earnings and non-controlling interests was $87 million against $99 million a year ago. Net income attributable to the company was $50 million or $0.34 per basic and diluted share against $65 million or $0.44 per basic and diluted share a year ago. Adjusted net income attributable to the company was $90 million or $0.61 per diluted share against $70 million or $0.47 per diluted share a year ago. Capital expenditures were $40 million against $41 million a year ago. Net cash provided by operating activities was $98 million against $73 million a year ago. For the third quarter of 2016, the company expects to achieve overall homesale transaction volume gains in the range of 1% to 4% year-over-year. Based on the Company's closed and open sales activity in July, Realogy expects third quarter homesale transaction sides to increase between 1% and 3% year-over-year and average homesale price to be in the flat to 1% range. The disparity in transaction volume between RFG and NRT is expected to continue for the remainder of the year. RFG volume in the third quarter is anticipated to increase between 4% to 6%, while NRT transaction volume is expected to be down by 1% to 3%. For the full year 2016, the company expects to deliver Adjusted (Covenant) EBITDA of $845 million to $885 million and Adjusted (Covenant) EBITDA margin of 14.7% to 15.0%. Realogy expects to convert approximately 60% of its forecasted Operating EBITDA, expected to be between $760 million and $800 million, into free cash flow ranging between $450 million and $500 million.

Realogy Mulls Acquisitions

Realogy Holdings Corp. (NYSE:RLGY) is seeking acquisitions. Richard Smith, Chairman and Chief Executive Officer of Realogy, said, "In addition, our growth plan for NRT includes tuck-in acquisitions in both core and adjacent businesses." He said, "TRG continues to explore the expansion of its geographic coverage through both organic growth and strategic acquisitions."

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