Realogy in the black for Q3 Premium Content

20% cut in expenses counters revenue drop

Inman News®

Real estate franchisor and brokerage Realogy Corp. said it turned a $58 million profit in the third quarter, thanks in part to a debt restructuring that allowed the company to claim a $75 million gain and stay in compliance with agreements governing nearly $3 billion in loans.

Realogy said commission revenue was down 13 percent from a year ago, to $878 million -- the main factor driving a decline in net revenue of the same magnitude, to $1.17 billion.

more...

To view this premium content sign in to your Premium Membership Premium Member account.

Premium Membership Premium Members have full access to all news archives & premium content.

Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year

Buy Now

Share with REmessenger