Spotting Winners: JLL (NYSE:JLL) And Real Estate Services Stocks In Q2 [Yahoo! Finance]
The Real Brokerage, Inc. - Common Shares (REAX)
Company Research
Source: Yahoo! Finance
Technology has been a double-edged sword in real estate services. On the one hand, internet listings are effective at disseminating information far and wide, casting a wide net for buyers and sellers to increase the chances of transactions. On the other hand, digitization in the real estate market could potentially disintermediate key players like agents who use information asymmetries to their advantage. The 14 real estate services stocks we track reported a mixed Q2. As a group, revenues beat analysts' consensus estimates by 1.9% while next quarter's revenue guidance was 13.1% below. Stocks--especially those trading at higher multiples--had a strong end of 2023, but this year has seen periods of volatility. Mixed signals about inflation have led to uncertainty around rate cuts. Thankfully, real estate services stocks have been resilient with share prices up 7.1% on average since the latest earnings results. JLL (NYSE:JLL) Founded in 1999 through the merger of Jones Lang Woo
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REAX
News
- Industry Veteran Joe Ballarino Brings 400 Agents to RealBusiness Wire
- Real Announces Winners of Its Inaugural Agent Brand AwardsBusiness Wire
- The Real Brokerage Inc. Announces Final Approval of Settlement Agreement in Class Action LitigationBusiness Wire
- Real September Agent Survey Reveals Uptick in Agent Optimism Despite Mortgage Rate and Election UncertaintyBusiness Wire
- Real Opens Investor Q&A Portal Ahead of Third Quarter 2024 Financial ResultsBusiness Wire
REAX
Earnings
- 8/7/24 - Beat
REAX
Sec Filings
- 10/31/24 - Form 6-K
- 10/28/24 - Form EFFECT
- 10/22/24 - Form 6-K
- REAX's page on the SEC website