Re Max Hldgs Inc Stock Price, News & Analysis

RE/MAX, LLC appoints Ben Fairfield as Vice President of Region Development for the West Region, overseeing operations in 15 western U.S. states. Fairfield brings over 16 years of real estate experience, having previously improved sales by 334% at Keller Williams Realty Coeur D'Alene. His focus at RE/MAX will be on enhancing franchisee growth and success. Fairfield was attracted to RE/MAX for its consistent brand strength and history of success, emphasizing the importance of established brands in the ever-evolving real estate market.

RE/MAX Holdings, Inc. (NYSE:RMAX) is set to announce its financial results for Q1 2022, after market close on April 28, 2022. A conference call will take place on April 29, 2022, at 8:30 a.m. Eastern Time. Interested investors can participate in the call via webcast or telephone. RE/MAX is a leader in the real estate industry with over 140,000 agents in nearly 9,000 offices worldwide, known for its innovative approach since its founding in 1973. Motto Mortgage, a subsidiary, has expanded rapidly since its launch in 2016.

RE/MAX agents continue to outperform competitors, achieving more than double the transaction sides in 2021, according to the 2022 RealTrends 500 survey. RE/MAX agents averaged 16.5 transactions per agent, compared to 7.6 for other agents. Notably, 28% of 1,733 brokerages surveyed were RE/MAX, the highest among all brands. RE/MAX agents also recorded an average sales volume of $5.9 million, 61% higher than competitors. Additionally, 42 RE/MAX offices made it to the Billionaire's Club, with RE/MAX Gold generating $16.8 billion in sales.

RE/MAX, LLC announced the sale of over 1,000 franchises and renewal of more than 1,100 brokerages in 2021, showcasing significant growth. In Q4 alone, approximately 450 new franchises were sold. The company achieved a milestone, with agents closing over 2 million transaction sides, a record in the real estate industry. RE/MAX emphasizes solid support for its affiliates and continues to enhance its training and technology offerings. Celebrating its 50th year, RE/MAX operates globally with over 140,000 agents in nearly 9,000 offices, underscoring its dominance in residential transactions.

On March 2, 2022, RE/MAX held its annual R4® convention in Las Vegas, attended by over 7,000 franchise owners and agents from 42 countries. RE/MAX President Nick Bailey announced that agents closed more than 2 million transaction sides in 2021, marking a first for any real estate brand. Agents achieved productivity averages of 16.3 sides/agent in the U.S., 20.4 sides/agent in Canada, and 9.9 sides/agent globally. The convention unveiled new programs, including a partnership for the REAL TEAMS® Solution and welcomed Steve Joyce as Co-CEO.

RE/MAX Holdings reported a robust full-year 2021 with total revenue rising 23.9% to $329.7 million, driven by 11.8% organic growth, 9.8% acquisitions, and 1.1% from currency movements. Despite a net loss of $15.6 million, Adjusted EBITDA grew 29.3% to $119.7 million. The agent count increased 3.1% to 141,998. Looking ahead, RE/MAX anticipates revenue between $366.0 million and $376.0 million for 2022. The company also authorized a $100 million stock repurchase program, reflecting confidence in financial stability.

RE/MAX Holdings, Inc. (NYSE: RMAX) has declared a quarterly cash dividend of $0.23 per share of Class A common stock, payable on March 16, 2022, to shareholders on record by March 4, 2022. The CFO, Karri Callahan, emphasized the company's commitment to returning capital to shareholders while pursuing growth and generating free cash flow. RE/MAX operates globally with over 140,000 agents in nearly 9,000 offices. The company continues to evaluate its capital deployment strategies to enhance shareholder value.