Douglas Elliman reports Q2 EPS (6c) vs. 12c last year

Reports Q2 revenue $275.9M vs. $364.4M last year. “Douglas Elliman’s team of world class agents showed impressive resilience in spite of the continuing challenging backdrop of the second quarter, which was marked by limited listing inventory and significantly increased mortgage rates,” said Howard M. Lorber, CEO. “Douglas Elliman’s strong balance sheet, global network of leading agents and luxury brand continue to position us to take advantage of opportunities as real estate markets stabilize. We remain confident that our differentiated platform and approach will enable us to deliver growth over the long term.”