CoStar Group, Inc.

CoStar Group, Inc.

CoStar Group, Inc.

Overview
Date Founded

1998

Type of Company

Public

Employees (Worldwide)

4,337

Industries

Internet Software & Services
Advertising & Marketing
Investment Services & Portfolio Management
Real Estate
Investment Banking & Brokerage
Market & Policy Research
IT Consulting & Services

Company Description

CoStar Group, Inc. is engaged in the provision of information, analytics, and marketing services to the commercial real estate industry. Its integrated suite of online service offerings includes information about space available for lease, comparable sales information, tenant information, information about properties for sale, internet marketing services, analytical capabilities, information for client's websites, information about industry professionals and their business relationships, data integration, and industry news. It operates through the North America and International segments. The North America segment comprises of U.S. and Canada. The International segment includes of the United Kingdom, Spain, Germany, and France. The company was founded by Andrew C. Florance and Michael R. Klein in 1987 and is headquartered in Washington, DC.

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Executives & Employees

Co-Founder

Chief Financial Officer & Chief Accounting Officer

Chief Technology Officer

Chief Human Resources Officer

General Manager, Costar Brokerage Applications

Executive Vice President, Sales

Senior Vice President & Chief Digital Officer, Apartments

Senior Vice President, Global Research

Vice President, Finance

President, Costar Real Estate Manager

Board of Directors

Co-Founder at CoStar Group, Inc.

President & Chief Executive Officer at Hilton Worldwide Holdings, Inc.

Former Chief Executive Officer at The Federal City Council

Former President at Turner Broadcasting System, Inc.

Regulation Affairs & Public Policy Leader at PricewaterhouseCoopers LLP

Co-Founder at CoStar Group, Inc.

President at JBG/Fund VIII Trust

Chief Executive Officer at OptumInsight, Inc.

Former Chief Executive Officer at Nextility, Inc.

Paths to CoStar Group, Inc.
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CoStar Group, Inc.
Owners & Shareholders
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BAMCO's investment strategy is to invest in growth businesses for capital appreciation potential. Each portfolio manager's ability to choose appropriate investments for an account has a significant impact on their ability to achieve an account's investment objective. The firm's investment professionals are focused on fundamental analyses of businesses. Their primary objective is to understand the key drivers of growth and profitability of each company in which they invest. They analyze the following financial information: income statement, cash flow statement, balance sheet, turnover and ROE metrics, unit economics, and other company-specific data. This information is filtered through their valuation models, which they use to extrapolate long-term trends. They have meetings with the management which is a critical element of the firm's research process.

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JCM seeks to add value versus benchmarks by actively pursuing alpha generation through their own intensive fundamental research for their fundamental investment strategies. They look for companies possessing the firm's key investment criteria through proprietary research that emphasizes contact with a company's management team, competitors, suppliers and consumers, as well as in-depth and ongoing financial modeling. Holdings are generally selected one at a time with all other factors (industry, sector, country and cash allocations) being a residual of the investment process. JCM favors businesses that their research reveals have sustainable, above-average earnings growth potential and outstanding free cash flow generation, recurring revenue, profit margins and return on invested capital for their equity strategies. To build a mosaic of information in an effort to identify macro trends and inform allocations across fixed income sectors, the firm uses fundamental credit research.

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SCM employs fundamental, bottom-up, and company-focused research in their investment process. They maintain a single growth-oriented philosophy that is applied across all strategies. The Select Growth strategy provides clients with exposure to their best 25-30 growth opportunities through a concentrated portfolio of primarily large- and mid-capitalization growth businesses. Portfolio companies are primarily domiciled in the US but also include the equity securities of issuers in other developed and emerging markets. The firm's Global Growth strategy is a concentrated portfolio that typically includes 30-50 issuers that are domiciled in both developed and emerging markets. Their Global Leaders strategy is almost the same with the Global Growth strategy. Sands' Emerging Markets Growth strategy is a concentrated portfolio that typically includes 30-50 issuers that are domiciled in or have significant exposure to emerging and frontier markets. The firm's Technology Innovators strategy is a concentrated portfolio of growth businesses which may be publicly or privately held, with a particular emphasis placed on companies classified in the technology sector, typically including 20-35 issuers. Sands' Focus strategy is a concentrated portfolio of primarily large-capitalization growth businesses that typically includes 5-20 issuers. Portfolio companies are selected from Sands' other equity strategies.

Recent Transactions
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CoStar Group, Inc. purchases RentPath LLC from TPG Capital, LP, Providence Equity Partners LLC

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CoStar Group, Inc. purchases STR, Inc. - Tennessee

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CoStar Group, Inc., Costar Realty Information, Inc. purchase Cozy Services Ltd. from General Catalyst LLC, IT-Farm Corp., GV Management Co. LLC, The Social+Capital Partnership LLC, American Family Ventures, Seven Peaks Ventures LLP, Hemisphere Ventures LLC

Insider Transactions
Details Hidden
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Transaction Advisors
Legal Advisor

Advised onCoStar Group, Inc., CoStar Ltd. purchase Property Investment Exchange Ltd. from PrimePitch Ltd

Accountant

Advised onCoStar Group, Inc. purchases Comps.com, Inc.

Underwriter

Advised onCoStar Group, Inc. issued USD Common Stock

Associate

Advised onCoStar Group, Inc. purchases STR, Inc. - Tennessee

Legal Advisor

Advised onCoStar Group, Inc. purchases STR, Inc. - Tennessee

Associate

Advised onCoStar Group, Inc. purchases LoopNet, Inc.

Advisors & Consultants
Legal Advisor

Of Counsel at Simpson Thacher & Bartlett LLP

Legal Advisor

Partner at Simpson Thacher & Bartlett LLP

Legal Advisor

Partner at White & Case LLP

Clients

Marcus & Millichap, Inc. engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, property financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.

Deutsche Bank AG engages in the provision of corporate banking and investment services. It operates through the following segments: Corporate Bank, Investment Bank, Private Bank, Asset Management, Capital Release Unit, and Corporate and Other. The Corporate Bank segment includes the global transaction bank as well as the German commercial clients division. The Investment Bank segment consists of origination and advisory businesses as well as fixed income currency sales and trading. The Private Bank segment comprises the Private Bank Germany, private and commercial business international, and wealth management business units. The Asset Management segment provides investment solutions to individual investors and institutions through the DWS brand. The Capital Release Unit segment covers the equities sales and trading business. The Corporate and Other segment includes revenues, costs, and resources that are held centrally. The company was founded by Adelbert Delbrück on March 10, 1870 and is headquartered in Frankfurt, Germany.

CBRE Group, Inc. engages in the provision of commercial real estate and investment services. It operates through the following segments: Advisory Services, Global Workplace Solutions and Real Estate Investments. The Advisory Services Segment provides a comprehensive range of services globally, including property leasing, capital markets (property sales and mortgage origination, sales and servicing), property management, project management services and valuation services. The Global Workplace Solutions Segment provides a broad suite of integrated, contractually-based outsourcing services globally for occupiers of real estate, including facilities management, project management and transaction services (leasing and sales). The Real Estate Investments Segment comprises of investment management services provided globally, development services in the United States and United Kingdom and a service designed to help property occupiers and owners meet the growing demand for flexible office space solutions on a global basis. The company was founded by Colbert Coldwell in 1906 and is headquartered in Los Angeles, CA.

Key Stats and Financials As of 2019
Market Capitalization
$23.8B
Total Enterprise Value
$21B
Earnings Per Share
$8.6
Revenue
$1.4B
Net Profit
$315M
EBITDA
$467M
EBITDAMargin
33.4%
Total Debt
$150M
Total Equity
$3.4B
Enterprise Value Sales
15x
Enterprise Value EBITDAOperating
44.59x
TEVNet Income
66.66x
Debt TEV
0.01x
Three Year Compounded Annual Growth Rate Of Revenue
18.67%
Five Year Compounded Annual Growth Rate Of Revenue
19.44%
Non-Profit Donations & Grants
$10K - $25K
2018
$1,000 - $2,499
2018
$25K - $50K
2017
Investments
Details Hidden

Rentlytics, Inc. provides applications for managing and analyzing real estate properties. The company was founded by Justin R. Alanis and Philip Plante in 2012 and is headquartered in San Francisco, CA.

Investors
Details Hidden

Life Peer at United Kingdom House of Lords

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Founding Partner at Trinity Ventures LP

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Saratoga Investment Corp. is a specialty finance company, which engages in the provision of financing solutions. Its portfolio includes investments in leveraged loans issued by middle market companies. The company was founded on March 21, 2007 and is headquartered in New York, NY.

Suppliers
Microsoft Corporation Computer Software | Redmond, WA

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform. The Intelligent Cloud segment refers to the public, private, and hybrid serve products and cloud services of the company which can power modern business. The More Personal Computing segment encompasses products and services geared towards the interests of end users, developers, and IT professionals across all devices. The firm also offers operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games; personal computers, tablets; gaming and entertainment consoles; other intelligent devices; and related accessories. The company was founded by Paul Gardner Allen and William Henry Gates III in 1975 and is headquartered in Redmond, WA.

Alphabet, Inc. Internet Software & Services | Mountain View, CA

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Oxford Economics Ltd. Commercial Scientific Research | Oxford, United Kingdom

Part of Oxford Economics Group Ltd., Oxford Economics Ltd. is a British company located in Oxford. The firm provides investment research. It was founded in 1981. Adrian John Cooper has been the CEO since 1994.The company says this about itself: Oxford Economics is a leader in global forecasting and quantitative analysis. Our worldwide client base comprises more than 1,500 international corporations, financial institutions, government organisations, and universities. Headquartered in Oxford, with offices around the world, we employ 300 people, including 200 economists and analysts. Our best-of-class global economic and industry models and analytical tools give us an unmatched ability to forecast external market trends and assess their economic, social and business impact.

Competitors
Facebook, Inc. Internet Software & Services - Menlo Park, CA

Facebook, Inc. operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. The firm's products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA.

Intuit, Inc. Computer Software - Mountain View, CA

Intuit, Inc. engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses. The Consumer segment includes do-it-yourself and assisted TurboTax income tax preparation products and services. The Strategic Partner segment comprises professional tax offerings, which include Lacerte, ProSeries, ProFile, and ProConnect Tax Online among professional accountants. The company was founded by Scott D. Cook and Thomas A. Proulx in March 1983 and is headquartered in Mountain View, CA.

Moody's Corp. Accounting & Financial Services - New York, NY

Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $2.3 billion in 2011, employs approximately 6,700 people worldwide and maintains a presence in 28 countries. Further information is available at www.moodys.com

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