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Anywhere Real Estate ate (HOUS)
NYSE:HOUS
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Anywhere Real Estate ate
(NYSE:HOUS)
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Rating:57Neutral
Price Target:
$5.50
▼(-47.22% Downside)
Anywhere Real Estate's overall stock score reflects a mixed outlook. The most significant factor is the company's financial performance, which is currently weak due to negative profitability and high leverage. However, positive technical indicators and a favorable earnings call sentiment provide some optimism. The valuation remains a concern due to negative earnings and no dividend yield. Strategic initiatives and AI-driven innovations are promising for future growth, but financial stability needs to be addressed for long-term success.
Anywhere Real Estate ate (HOUS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.17B
Dividend YieldN/A
Average Volume (3M)2.82M
Price to Earnings (P/E)―
Beta (1Y)1.89
Revenue Growth2.74%
EPS Growth-118.94%
CountryUS
Employees7,805
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.24
Shares Outstanding112,023,820
10 Day Avg. Volume5,851,761
30 Day Avg. Volume2,816,900
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap2.99
Enterprise Value/Revenue0.60
Enterprise Value/Gross Profit1.19
Enterprise Value/Ebitda14.39
Forecast
1Y Price Target
$10.50Price Target Upside0.77% Upside
Rating ConsensusHold
Number of Analyst Covering2
Anywhere Real Estate ate Business Overview & Revenue Model
Company DescriptionAnywhere Real Estate Inc., through its subsidiaries, provides residential real estate services. It operates through three segments: Realogy Franchise Group, and Realogy Brokerage Group. The Realogy Franchise Group segment franchises its residential real estate brokerages under the Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, Sotheby's International Realty, and Better Homes and Gardens Real Estate brand names. This segment also offers lead generation and relocation services. As of December 31, 2020, this segment's real estate franchise systems and proprietary brands had approximately 20,100 offices and 320,700 independent sales agents worldwide. The Realogy Brokerage Group segment owns and operates a full-service residential real estate brokerage business under the Coldwell Banker, Corcoran, and Sotheby's International Realty brand names to assist home buyers and sellers in the listing, marketing, selling, and finding homes. As of December 31, 2020, this segment owned and operated 670 brokerage offices with approximately 53,100 independent sales agents. The Realogy Title Group segment provides title, escrow, and settlement services to real estate companies, corporations, and financial institutions. This segment also serves as an underwriter of title insurance policies in connection with residential and commercial real estate transactions. The company was formerly known as Realogy Holdings Corp. and changed its name to Anywhere Real Estate Inc. in June 2022. Anywhere Real Estate Inc. was incorporated in 2006 and is headquartered in Madison, New Jersey.
How the Company Makes MoneyAnywhere Real Estate generates revenue through multiple streams, primarily by facilitating residential real estate transactions. The company's core revenue comes from its brokerage services, where it earns commissions from property sales and rentals. Additionally, the company offers title and settlement services, generating fees for managing the legal aspects of real estate transactions. Mortgage origination services further contribute to its earnings by providing financing solutions to home buyers. Significant partnerships with real estate agents and franchises enhance its market reach and revenue potential. The company's investment in technology and data analytics also plays a crucial role in optimizing operations and attracting more clients, ultimately driving profitability.
Anywhere Real Estate ate Earnings Call Summary
Earnings Call Date:Jul 29, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Oct 23, 2025
Earnings Call Sentiment Positive
The earnings call presented a generally positive outlook for Anywhere Real Estate, with strong revenue and EBITDA performance. Highlights such as significant growth in the luxury segment, strong momentum in July, and successful franchise expansion outweighed the lowlights of geographic performance challenges and increased employee benefit costs. The company's focus on AI-driven innovation is also a key positive factor for future growth.Q2-2025 Updates
Positive Updates
Revenue and Operating EBITDA Achievement
Anywhere Real Estate reported $1.7 billion in revenue and $133 million in operating EBITDA for Q2 2025, demonstrating resilience and strength in their business model.
Luxury Segment Growth
The luxury segment, anchored by Sotheby's International Realty, Corcoran, and Coldwell Banker Global Luxury, delivered 3.5% year-over-year volume growth in Q2 and about 8% growth in the first half. Sales of homes priced $10 million or higher increased by 20%.
Strong July Momentum
July closed transaction volume increased by mid-single digits year-over-year, with open volume up 9%. The luxury open volume for July also showed strong growth, with Sotheby's up 13% and Corcoran up about 20%.
Successful Franchise Expansion
Anywhere's franchise business welcomed 13 new U.S. franchisees and 3 international expansions, strategically growing in key markets such as California, North Carolina, and Georgia.
AI-Driven Innovation
Anywhere is leveraging generative AI to enhance operational efficiency, improve margins, and provide better experiences. This includes initiatives in brokerage transaction processing and consumer interaction enhancements.
Negative Updates
Geographic Variation in Market Performance
Significant geographic performance variation was noted, with New York City outperforming with double-digit growth, while Florida faced a challenging quarter with volume down double digits.
Employee Benefit Cost Increases
Q2 operating EBITDA was negatively impacted by higher employee benefit costs, which is a trend that could potentially continue into 2026.
Flat Closed Transaction Volume
Closed transaction volume was flat year-over-year in Q2 2025, although the company saw improvement in June and July.
Company Guidance
During the Anywhere Real Estate Second Quarter 2025 Earnings Conference Call, guidance regarding several financial metrics and strategic initiatives was provided. The company reported $1.7 billion in revenue and $133 million in operating EBITDA, with closed transaction volume remaining flat year-over-year. July's closed transaction volume saw a mid-single-digit increase, driven equally by unit and price growth, while open volume rose by 9%. The luxury segment experienced a 3.5% volume growth in Q2, with Sotheby's International Realty and Corcoran seeing July open volumes rise by 13% and 20%, respectively. The call highlighted a strategic focus on leveraging AI to enhance operational efficiency and growth, with initiatives like integrating mortgage and title services into buyer agreements, which showed a 2.5 percentage point increase in mortgage capture. The company also reiterated its full-year 2025 guidance of approximately $350 million in operating EBITDA and $70 million in free cash flow, excluding onetime charges. Key factors influencing these projections include macroeconomic conditions and the housing market's inherent volatility.Anywhere Real Estate ate Financial Statement Overview
Summary
Anywhere Real Estate is facing financial hurdles with negative profitability and high leverage. While there are signs of improvement in certain metrics, the company needs to address its cash flow and profitability issues for long-term sustainability. Strategic initiatives to enhance revenue, manage costs, and optimize debt levels will be crucial moving forward.Income Statement
The company has shown fluctuating revenue with a recent decline from past years, impacting overall financial stability. The gross profit margin has decreased over time, highlighting cost pressures. Net profit margins have been negative due to consistent net losses, indicating challenges in profitability. Despite a slight improvement in EBIT margin in the TTM, the EBITDA margin is low, reflecting limited operational efficiency improvements.45
Neutral
Balance Sheet
The balance sheet reveals a high debt-to-equity ratio, indicating significant leverage which poses potential risks in volatile markets. The return on equity has been negative due to net losses, affecting shareholder value. The equity ratio is moderate but declining, suggesting a need for improved capitalization strategies.50
Neutral
Cash Flow
The cash flow statement indicates a challenging situation with negative free cash flow growth, reflecting cash management issues. The operating cash flow to net income ratio is positive but shows inconsistency year-over-year, highlighting operational cash generation challenges. Free cash flow to net income is also negative, indicating potential liquidity constraints.40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.78B | 5.69B | 5.64B | 6.91B | 7.98B | 6.22B |
| Gross Profit | 2.91B | 1.97B | 1.97B | 2.49B | 3.23B | 2.69B |
| EBITDA | 242.00M | 262.00M | 188.00M | 476.00M | 871.00M | 594.00M |
| Net Income | -90.00M | -128.00M | -97.00M | -255.00M | 343.00M | -487.00M |
Balance Sheet | ||||||
| Total Assets | 5.86B | 5.64B | 5.84B | 6.38B | 7.21B | 6.93B |
| Cash, Cash Equivalents and Short-Term Investments | 278.00M | 118.00M | 106.00M | 214.00M | 735.00M | 520.00M |
| Total Debt | 3.34B | 3.06B | 3.11B | 3.50B | 3.61B | 3.87B |
| Total Liabilities | 4.33B | 4.07B | 4.16B | 4.62B | 5.02B | 5.17B |
| Stockholders Equity | 1.52B | 1.57B | 1.68B | 1.76B | 2.19B | 1.76B |
Cash Flow | ||||||
| Free Cash Flow | -31.00M | 26.00M | 115.00M | -201.00M | 542.00M | 653.00M |
| Operating Cash Flow | 54.00M | 104.00M | 187.00M | -92.00M | 643.00M | 748.00M |
| Investing Cash Flow | -72.00M | -77.00M | -59.00M | -55.00M | -147.00M | -90.00M |
| Financing Cash Flow | 159.00M | -21.00M | -227.00M | -376.00M | -275.00M | -402.00M |
Anywhere Real Estate ate Technical Analysis
Positive
10.42
Price Trends
6.03
Positive
4.87
Positive
4.20
Positive
Market Momentum
1.15
Negative
83.09
Negative
70.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HOUS, the sentiment is Positive. The current price of 10.42 is above the 20-day moving average (MA) of 7.36, above the 50-day MA of 6.03, and above the 200-day MA of 4.20, indicating a bullish trend. The MACD of 1.15 indicates Negative momentum. The RSI at 83.09 is Negative, neither overbought nor oversold. The STOCH value of 70.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HOUS.
Anywhere Real Estate ate Risk Analysis
Anywhere Real Estate ate disclosed 58 risk factors in its most recent earnings report. Anywhere Real Estate ate reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Anywhere Real Estate ate Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | 314.49M | 20.33 | 2.15% | ― | -5.21% | ― | |
70 Outperform | 975.99M | -72.66 | ― | ― | 72.57% | 65.15% | |
67 Neutral | 1.73B | -54.03 | ― | 1.82% | 3.55% | -36.05% | |
57 Neutral | $1.17B | ― | -6.89% | ― | 2.74% | -118.94% | |
56 Neutral | 248.38M | -4.22 | -47.05% | ― | 8.64% | 1.81% | |
53 Neutral | 6.06B | -21.36 | -54.98% | ― | 14.07% | 27.59% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
* Real Estate Sector Average
Performance Comparison
HOUS
Anywhere Real Estate ate
10.42
5.31
103.91%
RMAX
Re/Max Holdings
9.73
-2.69
-21.66%
EXPI
eXp World Holdings
10.99
-3.09
-21.95%
OPEN
Opendoor Technologies
9.09
7.02
339.13%
REAX
Real Brokerage
4.53
-1.00
-18.08%
DOUG
Douglas Elliman Inc.
3.09
1.21
64.36%
Anywhere Real Estate ate Corporate Events
Private Placements and FinancingBusiness Operations and Strategy
Anywhere Real Estate Issues $500M Senior Secured Notes
Neutral
Jun 27, 2025
On June 26, 2025, Anywhere Real Estate Group LLC and Anywhere Co-Issuer Corp. issued $500 million in 9.750% senior secured second lien notes due 2030. The proceeds were used to repurchase $345 million of their 0.25% exchangeable senior notes due 2026 and to repay part of their Revolving Credit Facility. The notes are secured by second-priority liens on the issuers’ assets and are subject to various covenants and redemption options. This financial maneuver is expected to impact the company’s debt structure and financial strategy.
Business Operations and StrategyFinancial Disclosures
Anywhere Real Estate Updates Q2 2025 Financial Estimates
Neutral
Jun 17, 2025
On June 17, 2025, Anywhere Real Estate Inc. updated its financial estimates for the second quarter of 2025, projecting an Operating EBITDA between $125 million to $135 million due to lower-than-expected homesale transaction volumes amid market volatility. Despite this, the company maintains its full-year 2025 Operating EBITDA guidance of approximately $350 million, anticipating improved transaction volumes in the latter half of the year, supported by cost-saving measures and market expectations.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.