Realogy brokerages, franchisees boost Q3 sales 
Company reports $1.2B quarterly revenue, $30M net loss in preliminary earnings
By Inman News, Thursday, October 6, 2011.
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.
more...
Premium Member account.
Premium Members have full access to all news archives & premium content.
Purchase Professional Membership for $199/year OR
Premium+ Membership for $149/year OR
News Membership for $69/year
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
