BrokerageIndustry News

Realogy reports loss, declining revenues in 2007

Company cites 'industrywide slowdown'
Published on Mar 20, 2008

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by CareyBot

Real estate brokerage and franchise company Realogy Corp. reported a $797 million net loss in 2007 for the period since its April 10 acquisition by an affiliate of private equity firm Apollo Management LP.

The company also reported a $44 million net loss for the period from Jan. 1, 2007, through April 9, 2007. That compares with net income of $365 million in 2006 and net income of $627 million in 2005.

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