Realogy Holdings Corp.

Realogy Holdings Corp.

Realogy Holdings Corp.

Overview
Date Founded

2006

Headquarters

175 Park Avenue, Madison, NJ, 07940, USA

Type of Company

Public

Employees (Worldwide)

9,435

Industries

Real Estate
Holding Companies

Company Description

Realogy Holdings Corp. (NYSE: RLGY) is a global leader in real estate franchising with company-owned real estate brokerage operations doing business under its franchise systems as well as relocation and title services. Realogy's brands and business units include Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, The Corcoran Group®, ERA®, Sotheby's International Realty®, NRT LLC, Cartus and Title Resource Group. Collectively, Realogy's franchise system members operate approximately 13,600 offices with 239,000 independent sales associates doing business in 102 countries around the world. Realogy is headquartered in Madison, N.J.

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Executives & Employees

Chief Executive Officer, Director, President & Chief Operating Officer

Senior Vice President & Assistant Secretary

Executive Vice President, Chief Financial Officer & Treasurer

Executive Vice President, General Counsel & Corporate Secretary

Chief Ethics & Compliance Officer

Senior Vice President, Chief Accounting Officer & Controller

Executive Vice President & Chief Human Resources Officer

Chief People Officer

Chief Executive Officer & President, Realogy Franchise Group LLC

President & Chief Executive Officer, Title Resource Group

Board of Directors

Founder at Transcend Wealth Collective LLC

Chief Technology Officer at Equifax, Inc.

Director at Tuesday Morning Corp.

Macy's, Inc. Fellow at CEO Action for Racial Equity

Former Chief Executive Officer, Director, President & Chief Operating Officer at Realogy Holdings Corp.

Manager at Realogy Group LLC

Principal Digital Partner at Ryan Retail Consulting LLC

Chief Executive Officer at Culver Franchising System, Inc.

Former Chief Financial Officer at Gilt Groupe, Inc.

Executive Co-Chairman & Co-Chief Executive Officer at Z-Work Acquisition Corp.

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Realogy Holdings Corp.
Owners & Shareholders
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SAM uses a value-oriented, long-term, bottom-up stock selection process. Their research team appraises businesses by studying financial statements, regulatory information, trade publications, and other industry and corporate data, and by talking with corporate management, competitors, and suppliers. They use two methods for their appraisal: (1) they seek to assess the company’s liquidation value based on the current economic worth of corporate assets and liabilities; and (2) they seek to determine the company’s ongoing value based on its ability to generate free cash flow after required capital expenditures and working capital needs. In selecting investments they look for companies with strong business and good people.

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Tremblant Capital Group employs a global long/short equity strategy that seeks to generate strong risk-adjusted returns. The firm conducts fundamental, bottom-up research analysis on both the business and financial models of publicly-traded companies as the basis of their strategy. Underlying this fundamental company analysis is Tremblant's conviction that the velocity and magnitude of certain secular changes and their significance to specific sectors or regions is often underappreciated by the marketplace. Approaching the investment landscape from this vantage point leads them to uncover investments with significant upside.For their long investments, Tremblant typically looks for high-quality companies with attractive valuations. The companies in their long book should exhibit most of the following characteristics: (1) positive industry trends and dynamics (2) a strong competitive position characterized by good market share, strong brand and barriers to entry (3) a high-quality management team that knows its business well, allocates capital wisely and operates with integrity (4) strong and growing free cash flow generation (5) increasing return on invested capital (ROIC) and high return on incremental invested capital (ROIIC) and (6) balance sheet transparency and quality of earnings/clean accounting.For their short investments, Tremblant typically looks for lower quality companies that may be casualties of secular decline. The companies in their short book should exhibit most of the following characteristics: (1) operate in an industry facing secular decline and strong headwinds (2) a weak competitive position characterized by declining market share, no pricing power, undifferentiated products and decaying brand (3) a weak management team with a poor track record of capital allocation (4) poor and deteriorating free cash flow (5) deteriorating return on invested capital (ROIC) and low return on incremental invested capital (ROIIC) and (6) accounting issues or lack of earnings transparency.

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Prentice Capital Management pursues a fundamentally-driven, value-oriented research strategy in the US consumer/retail sector, managed in a public long/short equity only portfolio. The firm's investments include, but aren't limited to, companies in the following business segments: hard and soft goods, restaurants, beverages, consumer products, supermarkets, drugstores, footwear, apparel, food, leisure, gaming and lodging. Prentice Capital Management uses a bottom-up research process to create a fundamental understanding of companies and business segments of interest, but it also pays attention to general macro-economic and financial market conditions as additional points of reference in the construction of the portfolio.

Recent Transactions
Details Hidden

Dwellworks LLC, County Homesearch International Ltd. purchase Cartus Corp. /Relocation Agent Network from Realogy Holdings Corp.

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Realogy Holdings Corp., Coldwell Banker Premier Properties purchase Schmidt Family of Cos.

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Hunt Real Estate ERA purchases Century 21 Real Estate LLC from Realogy Holdings Corp.

Insider Transactions
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Transaction Advisors
Underwriter

Advised onRealogy Holdings Corp. issued USD Common Stock

Escrow Agent

Advised onRealogy Holdings Corp. issued USD Common Stock

Underwriter

Advised onRealogy Holdings Corp. issued USD Common Stock

Managing Director

Advised onRealogy Holdings Corp. issued USD Common Stock

Legal Advisor

Advised onRealogy Holdings Corp. purchases ZapLabs LLC

Underwriter

Advised onRealogy Holdings Corp. issued USD Common Stock

Advisors & Consultants
Advisor

President & Chief Executive Officer of Nrt LLC at Realogy Group LLC

Senior Advisor

Vice President, Chief Financial Officer & Treasurer at Carrols Restaurant Group Inc.

Legal Advisor

Partner at Simpson Thacher & Bartlett LLP

Key Stats and Financials As of 2020
Market Capitalization
$1.78B
Total Enterprise Value
$4.9B
Earnings Per Share
$-3.13
Revenue
$6.22B
Net Profit
$-360M
EBITDA
$543M
EBITDAMargin
8.73%
Total Debt
$3.9B
Total Equity
$1.77B
Enterprise Value / Sales
0.79x
Enterprise Value EBITDAOperating
7.99x
TEVNet Income
-13.6x
Debt TEV
0.8x
Three Year Compounded Annual Growth Rate Of Revenue
0.58%
Investments
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OJO Labs, Inc. develops technology for engineers and data scientists. It provides software, which uses artificial intelligence to connect businesses and consumers. The company was founded by John Berkowitz and David Rubin in 2015 and is headquartered in Austin, TX.

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Notarize, Inc. engages in the provision of digital remote notarization solution services. It offers a mobile notary signing service for mortgages, deeds, real estate documents, loan applications, loan modifications, structured settlement documents, walk through recording, debt consolidation documents, power of attorney documents, and other documents needing a notarization. The firm also provides title searches, as well as e-notarizing, e-signing, e-closing, and e-recording services. The company was founded by Patrick Kinsel and Adam Pase in 2015 and is headquartered in Boston, MA.

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Estately, Inc. provides online information to find and buy real estate. It offers a property search database of homes for sale from trailers to mansions in the U.S. The firm serves in Washington, California, Illinois, New York and Georgia. The company was founded by Galen Ward and Douglas Cole in December 2006 and is headquartered in Seattle, WA.

Investors
Details Hidden

Investor at Applied Intuition, Inc.

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Co-Founder at Judy's Book, Inc.

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President at Barrett Sotheby's International Realty

Suppliers
Meredith Corp. Publishing | Des Moines, IA

Meredith Corp. engages in television broadcasting and magazine advertising business. It operates through the Local Media and National Media business segments. The Local Media segment includes television stations and offers websites, mobile-optimized websites, and mobile applications. The National Media segment consists of national consumer media brands delivered via multiple media platforms including print magazines and digital and mobile media, brand licensing activities, database-related activities, and business-to-business marketing products and services. The company was founded by Edwin Thomas Meredith in 1902 and is headquartered in Des Moines, IA.

PHH Corp. Real Estate | Mount Laurel, NJ

PHH Corp. engages in the provision of outsourced mortgage banking services. It operates through the Mortgage Production and Mortgage Servicing segments. The Mortgage Production segment offers mortgage loan origination services and sells mortgage loans. The Mortgage Servicing segment performs servicing activities for loans originated by PHH Mortgage and mortgage servicing rights purchased from others, and acts as a sub-servicer for certain clients that own the underlying mortgage servicing rights. The company was founded by Duane Peterson, Harley Howell, and Richard Heather in 1946 and is headquartered in Mount Laurel, NJ.

Sotheby's Other Business & Consulting Services | New York, New York

Competitors
Compass, Inc. (New York) Computer Software - New York, New York

Compass, Inc. engages in the provision of an online real estate platform. Its platform provides an integrated suite of software for customer relationship management, marketing, client service, operations and other critical functionality, as well as brokerage services and adjacent services. The company was founded by Ori Allon and Robert Reffkin in 2012 and is headquartered in New York, NY.

News Corp. Publishing - New York, New York

News Corp. engages in the creation and distribution of media, news, education, and information services. It operates through the following segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The News and Information Services segment consists of Dow Jones, News Corp Australia, News UK, the New York Post, and News America Marketing. The Book Publishing segment consists of HarperCollins which publishes and supply consumer books through print, digital, and audio formats. The Digital Real Estate Services segment offers property and property-related advertising and services as well as financial services. The Subscription Video Services segment provides video sports, entertainment, and news services to pay-TV subscribers, and other commercial licensees via cable, satellite and Internet Protocol, and distribution. The Other segment refers to general corporate overhead expenses, corporate strategy group, and costs related to the U.K. Newspaper Matters. The company was founded in 1979 and is headquartered in New York, NY.

Berkshire Hathaway, Inc. Other Insurance Services - Greenwich, Connecticut

Berkshire Hathaway, Inc. engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, and retailing services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segment involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Awards & Honors
Rank #449
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #449
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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