BrokerageIndustry News

Realogy brokerages, franchisees boost Q3 sales

Company reports $1.2B quarterly revenue, $30M net loss in preliminary earnings
Published on Oct 6, 2011

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by CareyBot

Realogy Corp. says its company-owned brokerages handled 17 percent more transaction sides during the third quarter than they did a year ago, and that independently owned franchisees affiliated with Realogy also boosted transaction volume by 10 percent.

The Parsippany, N.J.-based franchisor reported a $30 million net loss for the quarter on revenue of $1.2 billion, after factoring in $159 million in interest payments on the company's debt, according to preliminary results released this week. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) totaled $185 million.

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