Douglas Elliman

Douglas Elliman, Inc. is an independent residential real estate brokerage firm. It is engaged principally in two business segments: Real Estate Brokerage and Corporate & Other. The Real Estate Brokerage segment consists of residential real estate brokerage services through its subsidiary, Douglas Elliman Realty, which operates a residential brokerage company in the New York metropolitan area and also conducts residential real estate brokerage operations in Florida, California, Connecticut, Massachusetts, Colorado, New Jersey and Texas. The Corporate & Other segment consists of the operations of the holding company as well as its investment business that invests in select PropTech opportunities through its New Valley Ventures subsidiary. The company was founded by Douglas Elliman in 1911 and is headquartered in Miami, FL.

Earnings data Q1 2024

DOUG reports decline in Q1 2023 revenues but anticipates recovery

DOUG reports a decline in financial performance for Q1 2023 but highlights efforts to address challenges and capitalize on opportunities. The company's proactive approach to cost reduction and market capture reflects a strategic response to the current operating environment.

Douglas Elliman Q2 2023: Resilience Amid Industry Challenges, Proactive Measures

Douglas Elliman faced industry-wide challenges impacting its financial results but demonstrated resilience through sequential improvements and proactive cost-cutting measures. The company's strong financial position and strategic decisions reflect a proactive approach to maintain stability and capitalize on future opportunities.

Douglas Elliman reports $251.5M Q3 revenues amidst ongoing litigation

Despite industry challenges and ongoing litigation, Douglas Elliman reported strong revenues and is focused on strategic market expansion and cost reduction efforts. The company faces opportunities in the development marketing business and improving commission receipts. However, it also faces challenges related to ongoing litigation and net losses.

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Douglas Elliman Inc. (DOUG) Q4 2023 Earnings Call Transcript

Douglas Elliman Inc. (DOUG) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.23 per share a year ago.

Douglas Elliman Inc. (DOUG) Reports Q4 Loss, Misses Revenue Estimates

MIAMI--(BUSINESS WIRE)--Douglas Elliman Inc. (NYSE:DOUG) today announced financial results for the three months and year ended December 31, 2023. “In the fourth quarter of 2023, Douglas Elliman delivered its first year-over-year increase in quarterly revenues since the first quarter of 2022, which reflects the strength of the luxury markets we operate in and the gradual stabilization of home purchasing activity,” said Howard M. Lorber, Chairman and Chief Executive Officer of Douglas Elliman. “A.

Douglas Elliman Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

MIAMI--(BUSINESS WIRE)--Douglas Elliman Inc. (NYSE: DOUG) will conduct a conference call and webcast to discuss its fourth quarter and full year 2023 results on Friday, March 1, 2024 at 8:00 a.m. (ET). Investors may access the call via live webcast at https://join.eventcastplus.com/eventcastplus/Douglas-Elliman-Inc-Fourth-Quarter-and-Full-Year-2023-Conference-Call. Please join the webcast at least 10 minutes prior to start time. A replay of the call will be available shortly after the call ends.

Douglas Elliman Inc. to Host Fourth Quarter and Full Year 2023 Results Conference Call

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Douglas Elliman's shares have continued to decline, making the company worth around $150 million. DOUG reported a weak Q3 with a decline in revenues and an operating loss, but cost-cutting measures are starting to take hold. The real estate resale market remains sluggish, and the company faces potential commission declines from the fallout of the Sitzer/Burnett class action lawsuit.

Douglas Elliman: When It Rains, It Pours; Maintain Hold

NASSAU, Bahamas , Nov. 15, 2023 /PRNewswire/ -- Douglas Elliman | Knight Frank announced today a new affiliate partner for luxury real estate in the Bahamas. While Douglas Elliman and Knight Frank have shared a formal global alliance for more than a decade, this new affiliate platform, beginning with The Isles Group, is the first-of-its-kind affiliation between one of the largest independent brokerages in the U.S. and its UK-headquartered international partner.

Douglas Elliman | Knight Frank Launch joint Affiliate Alliance with The Isles Group in The Bahamas

The proposed class action followed an Oct. 31 verdict by a federal jury in Missouri awarding home sellers $1.78 billion, in a similar case against the National Association of Realtors and several brokerages.

Over 2 dozen Manhattan real estate brokerages — including Corcoran Group, Douglas Elliman — sued for inflating commissions

Douglas Elliman Inc. (NYSE:DOUG ) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Howard Lorber - Chairman, President and Chief Executive Officer Bryant Kirkland - Chief Financial Officer Conference Call Participants Dan Fannon - Jefferies Soham Bhonsle - BTIG Operator Welcome to the Douglas Elliman's Third Quarter 2023 Earnings Conference Call. This call is being recorded and simultaneously webcast.

Douglas Elliman Inc. (DOUG) Q3 2023 Earnings Call Transcript

MIAMI--(BUSINESS WIRE)--Douglas Elliman Inc. (NYSE:DOUG) today announced financial results for the three and nine months ended September 30, 2023. “Douglas Elliman delivered another strong quarterly performance despite a challenging macroeconomic environment, thanks in large part to stable pricing in our luxury markets, the competitive advantage of our development marketing business and our dedicated team of world-class agents,” said Howard M. Lorber, Chairman and Chief Executive Officer of Dou.

Douglas Elliman Inc. Reports Third Quarter 2023 Financial Results

MIAMI--(BUSINESS WIRE)--Douglas Elliman Inc. (NYSE: DOUG) will conduct a conference call and webcast to discuss its third quarter 2023 results on Wednesday, November 8, 2023 at 8:30 a.m. (ET). Investors may access the call via live webcast at https://join.eventcastplus.com/eventcastplus/Douglas-Elliman-Inc-Third-Quarter-2023-Results-Conference-Call. Please join the webcast at least 10 minutes prior to start time. A replay of the call will be available shortly after the call ends on November 8,.

Douglas Elliman Inc. to Host Third Quarter 2023 Results Conference Call

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Douglas Elliman Inc. (DOUG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Why Fast-paced Mover Douglas Elliman Inc. (DOUG) Is a Great Choice for Value Investors

Douglas Elliman's shares have collapsed by almost 30% after suspending its cash dividend and reporting declining revenues and gross transaction value. The company's cost structure remains elevated, leading to a steep operating loss in H1/2023. With high mortgage rates limiting real estate transactions, DOUG is expected to report operating losses in 2023 and 2024.

Douglas Elliman: Real Estate Activity Remains Subdued, Looks Interesting As An M&A Target

Home sales volume is declining due to inflationary pressures and higher interest rates, causing pain for companies in the housing market. Douglas Elliman, a real estate services firm, is facing significant challenges but has an interesting niche in the higher-end market. The company has no debt, a substantial amount of cash on hand, and potential catalysts in its technology-oriented investments, making it a speculative but potentially attractive investment opportunity.

Douglas Elliman: A Niche Real Estate Play With A Possible Catalyst

Douglas Elliman, Inc. (NYSE:DOUG ) Q2 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Howard Lorber - Chairman, President and Chief Executive Officer Richard Lampen - Chief Operating Officer Bryant Kirkland - Chief Financial Officer Scott Durkin - President and Chief Executive Officer of Douglas Elliman Realty Conference Call Participants Dan Fannon - Jefferies Operator Welcome to Douglas Elliman's Second Quarter 2023 Earnings Conference Call. This call is being recorded and simultaneously webcast.

Douglas Elliman, Inc. (DOUG) Q2 2023 Earnings Call Transcript

Douglas Elliman Inc. (DOUG) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to earnings of $0.11 per share a year ago.

Douglas Elliman Inc. (DOUG) Reports Q2 Loss, Tops Revenue Estimates

MIAMI--(BUSINESS WIRE)--Douglas Elliman Inc. (NYSE:DOUG) today announced financial results for the three and six months ended June 30, 2023. “Douglas Elliman's team of world class agents showed impressive resilience in spite of the continuing challenging backdrop of the second quarter, which was marked by limited listing inventory and significantly increased mortgage rates,” said Howard M. Lorber, Chairman and Chief Executive Officer of Douglas Elliman. “Douglas Elliman's strong balance sheet,.

Douglas Elliman Inc. Reports Second Quarter 2023 Financial Results

MIAMI--(BUSINESS WIRE)--Douglas Elliman Inc. (NYSE: DOUG) will conduct a conference call and webcast to discuss its second quarter 2023 results on Tuesday, August 8, 2023 at 8:30 a.m. (ET). Participants should pre-register for the call using the following link: https://conferencingportals.com/event/hCsPZgoR. Registered participants will receive an email with a calendar reminder, dial-in number and conference ID that allows immediate access to the call on Tuesday, August 8, 2023. Participants wh.

Douglas Elliman Inc. to Host Second Quarter 2023 Results Conference Call

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MIAMI--(BUSINESS WIRE)--Douglas Elliman Inc. (NYSE: DOUG) (“Douglas Elliman” or the “Company”) today announced that it has launched a search for a Chief Financial Officer. J. Bryant Kirkland III, who has served as CFO of Douglas Elliman since its spin-off from Vector Group Ltd. (NYSE: VGR) on December 29, 2021, will remain in his position at Douglas Elliman during the search process and will work with the next CFO of Douglas Elliman to ensure a smooth transition. Mr. Kirkland will continue to s.

Douglas Elliman Inc. Launches CFO Search

MIAMI--(BUSINESS WIRE)--Douglas Elliman Inc. (NYSE: DOUG) today announced that its Board of Directors has declared an annual stock dividend on its common stock of 5%. The annual stock dividend will be payable on June 30, 2023 to holders of record as of the close of business on June 22, 2023. Douglas Elliman also announced that its Board of Directors has suspended the Company's quarterly cash dividend of $0.05 per share, effective immediately. The amount and payment of an annual stock dividend a.

Douglas Elliman Declares Annual 5% Stock Dividend

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Douglas Elliman, Inc. (NYSE:DOUG ) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Howard Lorber - Chairman, President & CEO Conference Call Participants Operator Welcome to Douglas Elliman's First Quarter 2023 Earnings Conference Call. The call is being recorded and simultaneously webcast.

Douglas Elliman, Inc. (DOUG) Q1 2023 Earnings Call Transcript

MIAMI--(BUSINESS WIRE)--Please replace the release dated May 9, 2023 with the following corrected version due to multiple revisions. The updated release reads: DOUGLAS ELLIMAN INC. REPORTS UPDATED FIRST QUARTER 2023 FINANCIAL RESULTS Douglas Elliman Inc. (NYSE:DOUG) today announced updates to its previously issued first quarter 2023 financial results. The updates reflect the impact of changes to its real estate agent commission expense in the Company's real estate brokerage segment. Impact on G.

CORRECTING and REPLACING Douglas Elliman Inc. Reports Updated First Quarter 2023 Financial Results

MIAMI--(BUSINESS WIRE)--Douglas Elliman Inc. (NYSE:DOUG) today announced financial results for the three months ended March 31, 2023. “Douglas Elliman's team of agents continued to endure a challenging residential real estate market in the first quarter, marked by limited listing inventory and financial market volatility,” said Howard M. Lorber, Chairman and Chief Executive Officer of Douglas Elliman. "We have begun to see signs of improvement in the market. We believe this indicates market con.

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