Anywhere Real Estate : Q1 2024 Anywhere Real Estate Inc. Earnings Conference Call Fact Sheet
April 26, 2024 at 11:00 am EDT
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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
Including approximately 184,800 independent sales agents operating in the U.S. (which includes approximately 55,500 company owned brokerage independent sales agents)
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.
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26 April 2024 and is solely responsible for the information contained therein. Distributed by
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Anywhere Real Estate Inc. is an integrated residential real estate services provider. The Company's businesses include franchise, brokerage, relocation, and title and settlement, as well as minority owned mortgage and title insurance underwriter joint ventures. It operates through three segments: Anywhere Brands, Anywhere Advisors and Anywhere Integrated Services. Anywhere Brands segment franchises a portfolio of franchise brokerage brands, including Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA and Sotheby's International Realty. This segment also includes its global relocation services operation and lead generation activities. Anywhere Advisors segment operates a full-service real estate brokerage business in many of the metropolitan areas in the United States. Anywhere Integrated Services segment provides full-service title, escrow and settlement services primarily in support of residential real estate transactions.