Douglas Elliman Q4 revenue $334M (+25% YoY); FY21 rev $1.35B (+75%)

Douglas Elliman Inc.

2021-FY EPS reported $1.27 revenue$1,353,138,000

Record annual gross transaction value of $51.2B and 32,400 transactions in 2021.
Q4 2021 net income $20.2M ($0.26/dil share) vs $14.0M ($0.18) in Q4 2020.
FY 2021 operating income $102.1M vs loss of $49.3M in FY 2020; adjusted EBITDA $110.7M.
CEO Howard Lorber cites plans to expand footprint, adopt PropTech, and pursue M&A.
First earnings report as independent public company after spin-off.

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