CoStar Group, Inc. - Common Stock (CSGP)

Andy Florance, Founder and Chief Executive Officer of CoStar Group, Inc. (NASDAQCSGP) (“CoStar Group,” “we” or “our”), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, today was recognized as one of Inman’s 2025 Power Players.

Andy Florance, Founder and Chief Executive Officer of CoStar Group, Inc. (NASDAQCSGP)(“CoStar Group,” “we” or “our”), a leading provider of online real estate marketplaces, information and analytics in the property markets, today was named as one of the nation’s top ten most powerful executives in the residential real estate industry by Swanepoel Power 200 (“SP 200”).

Today, Apartments.com – an online marketplace of CoStar Group, Inc. – published an in-depth report on multifamily rent trends for the fourth quarter of 2024.

CoStar Group, Inc. (NASDAQCSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, today announced an enterprise agreement with eXp Commercial, a nationwide virtual commercial real estate brokerage and subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), to provide its advisors with access to the leading global real estate data and analytics platform.

CoStar Group, Inc. (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will host an Investor Day on Thursday, December 5, 2024, from 9:00 a.m. to 2:30 p.m. ET in-person in Richmond, Virginia, and online via webcast. The event will feature presentations, engagement opportunities with CoStar Group’s leadership team and a tour of the Company’s global campus.

CoStar Group, Inc. (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will present at this year’s Stephens NASH24 Conference. CFO Chris Lown and Head of Investor Relations Rich Simonelli will participate in a fireside chat on Tuesday, November 19, 2024, at 10:00 a.m. ET. Live and recorded versions of the webcast will both be available under the Events & Presentations section of the CoStar Group Investor Relations website for at least 30 days: https://investors.costargroup.com/events-presentations.

CoStar Group, Inc. (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will present at this year’s RBC Capital Markets 2024 Global TIMT Conference. CFO Chris Lown and Head of Investor Relations Rich Simonelli will participate in a fireside chat on Wednesday, November 20, 2024, at 3:20 p.m. ET. Live and recorded versions of the webcast will both be available under the Events & Presentations section of the CoStar Group Investor Relations website for at least 30 days: https://investors.costargroup.com/events-presentations.

CoStar Group, Inc. (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will present at this year’s KBW Fintech Conference. CFO Chris Lown and Head of Investor Relations Rich Simonelli will participate in a fireside chat on Thursday, November 14, 2024, at 12:40 p.m. ET. Live and recorded versions of the webcast will both be available under the Events & Presentations section of the CoStar Group Investor Relations website for at least 30 days: https://investors.costargroup.com/events-presentations.

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CoStar Group (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, announced today that it has completed its acquisition of lease administration and accounting platform Visual Lease. The strategic acquisition will enhance CoStar Group’s Real Estate Manager business line and provide additional lease management and lease accounting value to corporations of all sizes.

CoStar Group (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today announced an agreement with research and consulting firm Gartner to take back-office space previously leased by Gartner in Arlington, Virginia. Located at 1201 Wilson Boulevard, the building is a 552,000 square foot trophy office tower with LEED Platinum certification. CoStar Group purchased the property earlier this year with the intention of relocating its Washington, DC employees to Arlington as part of a corporate headquarters transition.

CoStar Group (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, announced today that it has reached a definitive agreement to acquire Visual Lease. The strategic acquisition will enhance CoStar Group’s Real Estate Manager business line and provide additional lease management and lease accounting value to corporations of all sizes.

CoStar Group, Inc. (NASDAQCSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended September 30, 2024 was $693 million, up 11% over revenue of $625 million for the quarter ended September 30, 2023. Net income was $53 million in the third quarter of 2024, an increase of 176% from the second quarter of 2024. Net income per diluted share was $0.13. In the third quarter of 2024, EBITDA was $51 million and Adjusted EBITDA was $76 million, which represent increases from the second quarter of 2024 of 320% and 86% respectively. Adjusted EBITDA exceeded the mid-point of the Company's guidance range by 54% for the third quarter of 2024.

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Today, Apartments.com – an online marketplace of CoStar Group, Inc. (“CoStar”) – published an in-depth report of multifamily rent trends for the third quarter of 2024.

Andy Florance, Founder and Chief Executive Officer of CoStar Group (NASDAQCSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, has been honored as one of Washingtonian Magazine’s 2024 Tech Titans. This marks the third consecutive year Florance has received this prestigious recognition.

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CoStar Group, Inc. (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will announce financial results for the third quarter of 2024 following the market close on Tuesday, October 22, 2024. Management will conduct a conference call to discuss the third quarter results, as well as the Company’s outlook at 5:00 PM EDT that same day.

CoStar Group (NASDAQCSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, today announced an agreement with Cushman & Wakefield, one of the world’s largest commercial real estate services firms, for its services in Canada. Cushman & Wakefield has chosen CoStar to be its primary commercial real estate information provider in Canada – connecting CRE professionals with up to date, verified information on properties across markets, including lease and sales comps, for sale and for lease listings, tenants, occupancies, concessions, high-quality visual content, news and market and submarket analytics. The partnership bolsters Cushman & Wakefield’s research capabilities to help brokers better serve their clients, close more deals and earn more commissions.

CoStar Group, Inc. (NASDAQCSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended June 30, 2024 was $678 million, up 12% over revenue of $606 million for the quarter ended June 30, 2023. Net income was $19 million in the second quarter of 2024 and net income per diluted share was $0.05.

CoStar Group (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today announced the appointment of Rich Simonelli as Head of Investor Relations and Cyndi Eakin as Chief Accounting Officer. Each will report to Chris Lown, Chief Financial Officer of CoStar Group.

Today, Apartments.com – a CoStar Group online marketplace – released an in-depth report of multifamily rent trends for the second quarter of 2024

CoStar Group, Inc. (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will announce financial results for the second quarter of 2024 following the market close on Tuesday, July 23, 2024. Management will conduct a conference call to discuss the second quarter results, as well as the Company’s outlook at 5:00 PM EDT that same day.

CoStar Group (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today announced the appointment of Christian M. Lown as Chief Financial Officer effective July 1, 2024. Lown will join CoStar Group from Fortune 500-ranked home loan giant Freddie Mac, where he serves as Executive Vice President and Chief Financial Officer until June 28, 2024. He will report to Andy Florance, Founder and Chief Executive Officer of CoStar Group.