Welcome to Anywhere®

We are a leader in integrated residential real estate services, combining the world's most extensive agent network, industry-leading brands, integrated services - franchise, brokerage, relocation, title and settlement services, nationally scaled mortgage origination and title underwriting minority owned joint ventures - and innovative product and technology capabilities to lead the world on a better real estate journey.

Anywhere fuels the productivity of its approximately 184,800 independent sales agents in the U.S. and approximately 132,100 independent sales agents in 117 other countries and territories, helping them build stronger businesses and best serve today's consumers.

First Quarter 2024 Key Metrics

317K

+2% Y/Y

$1.1B

G L O B A L A F F I L I A T E D

C L O S E D T R A N S A C T I O N

R E V E N U E G E N E R A T E D

A G E N T S 1

V O L U M E G R O W T H

($17M)

$30M

O P E R A T I N G E B I T D A 2

R E A L I Z E D C O S T S A V I N G S

  1. Including approximately 184,800 independent sales agents operating in the U.S. (which includes approximately 55,500 company owned brokerage independent sales agents)
  2. See Tables 5a, 7, 8b and 9 of the Press Release dated April 25, 2024, for definitions and reconciliations of these non-GAAP measures

First Quarter 2024 Highlights

  • Reported year-over-year closed transaction volume growth for the first time in two years (units down 4% and price up 7%).
  • Our strength in luxury continued to outperform with our Sotheby's International Realty brand seeing closed transaction volume up 7% year-over-year with about half of that from unit growth.
  • Beginning to see more growth in new listings with total listings up 4% year-over-year and listings of $1M+ homes up 16% year-over-year.
  • Agent commission split rate was better by 3 basis points year-over-year, continuing the six-quarter trend of more stable splits.
  • Realized cost savings of approximately $30 million and are on track to deliver at least $100 million in cost savings for the full year.
  • Better assisting agents and consumers from contract to close and creating a more frictionless transaction experience - our more integrated and high-quality service is now available in about a third of the U.S. for Advisors and will be rolled out nationwide by the end of the year.
  • Named one of America's Most Innovative
    Companies by Fortune for the second year in a row and was once again named one of the World's Most
    Ethical Companies for the 13th consecutive year.
  • Refer to the Anywhere Q1 2024 Press Release for 2024 estimates
    READ THE FULL PRESS RELEASE HERE

Certain financial measures used in this Fact Sheet are supplemental measures of Anywhere performance that are not Generally Accepted Accounting Principles ("GAAP") measures. Refer to the reconciliation tables included in our press release dated April 25, 2024, announcing first quarter financial results for the definitions of these non-GAAP financial measures, a reconciliation of these measures to their most comparable GAAP measures, and our explanation of why we believe these non-GAAP measures are useful to investors. See Forward-Looking Statements in Anywhere earnings release dated April 25, 2024, for factors that may have a material impact on future results.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Anywhere Real Estate Inc. published this content on 26 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2024 15:00:50 UTC.