Report
Yousuf Hafuda
EUR 100.00 For Business Accounts Only

CoStar Reports Stellar 2018 Results, Sending Shares 12% Higher

CoStar Group has continued its rapid ascent as a commercial real estate behemoth, reporting 94% year over year net income growth and revenue growth of 23%. These impressive results, combined with upbeat 2019 management guidance, have helped send the company’s shares sharply higher. Underpinning the company’s success has been a potent combination of continued growth in its flagship CoStar Suite and LoopNet offerings, as well as breakneck revenue growth from the Apartments.com website. Accordingly...
Underlying
COSTAR GROUP INC

CoStar Group provides information, analytics and online marketplace services to the commercial real estate and related business community through its database of commercial real estate information covering the U.S., the U.K., and parts of Canada, Spain, Germany and France. The company provides online marketplaces for commercial real estate, apartment rentals, lands for sale and businesses for sale. The company operates within two operating segments, North America and International, and its services are distributed to its clients under subscription-based license agreements that renew automatically, a majority of which have a term of one year.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Yousuf Hafuda

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