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Positive Financial Results and Latest Retail Investment Reports - Research Report on Realogy, CBRE, Jones Lang LaSalle, CoStar, and Brookfield Office Properties

Editor Note: For more information about this release, please scroll to bottom


News provided by

Investors' Reports

Jul 31, 2013, 08:00 ET

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NEW YORK, July 31, 2013 /PRNewswire/ --

Today, Investors' Reports announced new research reports highlighting Realogy Holdings Corp. (NYSE: RLGY), CBRE Group, Inc. (NYSE: CBG), Jones Lang LaSalle Inc. (NYSE: JLL), CoStar Group Inc. (NASDAQ: CSGP), and Brookfield Office Properties Inc. (NYSE: BPO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Realogy Holdings Corp. Research Report

On July 24, 2013, Realogy Holdings Corp. (Realogy) reported financial results for Q2 2013. The Company reported that its net revenue for Q2 2013 was $1.5 billion, indicating a 17.1% YoY increase. Net income was $84 million in Q2 2013, compared to net loss of $25 million in Q2 2012. Commenting on the results, Richard A. Smith, Realogy's Chairman, CEO, and President, said, "The material improvement in our second quarter financial results is largely attributable to the strength of our business model, the strong performance of management, a dramatically improved balance sheet with a corresponding material reduction in interest expense, and a housing market recovery that is showing resiliency. Recently, there has been renewed focus on rising mortgage rates and what impact they will have on the housing market. We believe the recovery is, and will continue to be, a long-term process." The Full Research Report on Realogy Holdings Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-28/RLGY]

--

CBRE Group, Inc Research Report

On July 25, 2013, CBRE Group, Inc (CBRE) reported its financial results for Q2 2013. The Company's revenue for Q2 2013 amounted to $1.7 billion, an increase of 8.8% YoY. Non-GAAP net income went up to $101.8 million, or $0.31 per diluted share, in Q2 2013, compared to $88.0 million, or $0.27 per diluted share, in Q2 2012. Robert Sulentic, CBRE's President and CEO, commented, "During the quarter, CBRE benefited from our balanced business mix and focus on serving our clients. Revenue grew solidly overall with meaningful improvement in all three geographic regions and continued strength in our global capital markets and occupier outsourcing businesses. This performance is especially noteworthy in light of continued weak global economic growth and heightened financial market volatility late in the quarter." The Full Research Report on CBRE Group, Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-28/CBG]

--

Jones Lang LaSalle Inc. Research Report

On July 23, 2013, Jones Lang LaSalle Inc. (Jones Lang LaSalle) announced that it has highlighted Paris as the hub of European luxury retail investment in its latest Pulse Report.  James Dolphin, Head of EMEA Retail, commented, "In our Destination Europe 2013 report, Jones Lang LaSalle revealed that Paris can command the highest rents for international retailers, followed by Zurich and London. Paris continues to attract the biggest international and national brands that inevitably look to the city to open flagship stores, in particular the premium and luxury brands." Further Sophie Benaïnous, Research Manager at Jones Lang LaSalle, said, "The luxury sector adapts well and will find business wherever it is. Luxury brands are now going further still and are looking to leave the streets of Paris to invest in shopping centres in the next few years. This diversification is directly inspired by the malls of the emerging countries, the successful feedback from which has encouraged the luxury brands to invest in this new shopping environment." The Full Research Report on Jones Lang LaSalle Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-29/JLL]

--

CoStar Group Inc. Research Report

On July 24, 2013, CoStar Group Inc. (CoStar) reported its financial results for Q2 2013. The Company's revenue for Q2 2013 increased to $109.0 million compared to $85.2 million in Q2 2012. EBITDA in Q2 2013 came in at $25.3 million compared to $8.2 million in Q2 2012. This resulted in an EBITDA margin of 23% during Q2 2013, reflecting a growth of 141% YoY. Andrew C. Florance, Founder and CEO of CoStar, commented, "Net new sales in the second quarter grew 49% year-over-year leading us to our best sales, revenue and EBITDA results ever. Cross-selling between our CoStar and LoopNet client bases continues to gain momentum with total revenue synergies now reaching approximately $27.3 million, a 48% increase from last quarter. Record net new sales in the United Kingdom following the release of CoStarGo and CoStar Suite in the U.K. also contributed to our best ever quarter." The Full Research Report on CoStar Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-29/CSGP]

--

Brookfield Office Properties Inc. Research Report

On July 26, 2013, Brookfield Office Properties Inc. (Brookfield Office Properties) declared its financial results for Q2 2013. The Company reported that its net income attributable to common shareholders in Q2 2013 was $441 million or $0.78 per diluted share, compared with $217 million or $0.38 per diluted share in Q2 2012. Dennis Friedrich, CEO of Brookfield Office Properties, commented, "The second quarter of 2013 marked a new phase of growth for Brookfield Office Properties as we announced the proposed acquisition of the MPG portfolio in Los Angeles and advanced the construction of the second tower at Brookfield Place Perth." The Full Research Report on Brookfield Office Properties Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-29/BPO]

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

InvestorsReports.com


 

SOURCE Investors' Reports

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