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Anywhere Real Estate Inc. (HOUS)
:HOUS
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Anywhere Real Estate ate
(NYSE:HOUS)
Rating:59Neutral
Price Target:
$5.00
▼(-11.82% Downside)
Anywhere Real Estate ate (HOUS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$635.18M
Dividend YieldN/A
Average Volume (3M)1.33M
Price to Earnings (P/E)―
Beta (1Y)1.81
Revenue Growth2.74%
EPS Growth-118.94%
CountryUS
Employees7,805
SectorReal Estate
Sector Strength47
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.24
Shares Outstanding112,023,820
10 Day Avg. Volume1,325,530
30 Day Avg. Volume1,329,868
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap5.48
Enterprise Value/Revenue0.60
Enterprise Value/Gross Profit1.19
Enterprise Value/Ebitda14.39
Forecast
1Y Price Target
$4.33Price Target Upside-23.63% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering3
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: 20.90%|
Next Earnings Date:Oct 23, 2025
Earnings Call Sentiment Positive
The earnings call reflects a positive outlook with strong revenue and EBITDA performance, impressive gains in the luxury segment, and successful agent recruitment and retention. However, challenges in the Florida market and increased costs present some headwinds. Overall, the highlights outweigh the lowlights, with a focus on growth and innovation.Q2-2025 Updates
Positive Updates
Revenue and Operating EBITDA Performance
Anywhere Real Estate reported $1.7 billion in revenue, marking a 1% increase year-over-year. Operating EBITDA for Q2 was $133 million, indicating the strength and resilience of their model.
Strong Performance in Luxury Segment
The luxury segment, including Sotheby's International Realty and others, delivered 3.5% year-over-year volume growth in Q2 and 8% growth for the first half. Sales of homes priced $10 million or higher increased by 20%.
Agent Recruitment and Retention Success
The company recruited 625 productive agents in Q2 and achieved about 95% retention among the top half of producing agents, showing strong momentum in agent recruitment and retention.
Geographic Performance and Market Variability
New York City outperformed with double-digit growth in both units and price, while Florida faced challenges with a volume decline. The variation indicates strong performance in some key markets.
AI-Driven Innovations
Anywhere is leveraging AI to enhance operational efficiency and customer experience, including implementing AI in brokerage transaction processing and launching AI-generated tools for agents.
Negative Updates
Challenges in Florida Market
Florida experienced a challenging quarter with volume down double digits, partly due to a decrease in high-value home sales compared to the previous year.
Impact of Employee Benefit Costs
Higher employee benefit costs impacted the operating EBITDA, contributing to a $10 million decrease compared to the prior year.
Legacy Tax and Legal Settlements
The company faced onetime cash flow headwinds due to a $41 million payment for a 1999 tax matter and expected payments of $20 million for TCPA litigation settlement and $54 million for antitrust litigation settlement.
Company Guidance
During the Anywhere Real Estate Second Quarter 2025 Earnings Conference Call, the company provided guidance on several financial metrics and strategic initiatives. Anywhere Real Estate reported Q2 revenue of $1.7 billion, marking a 1% increase from the previous year, and operating EBITDA of $133 million, which was $10 million lower than the prior year. The company achieved $36 million in free cash flow before a one-time $41 million payment and realized $25 million in cost savings in Q2, with a target of $100 million for the year. Strategic highlights included the use of generative AI to enhance business operations and improve margins, with a focus on delivering better consumer and agent experiences. The company also reported a mid-single-digit year-over-year increase in July closed transaction volume and a 9% increase in open volume, driven equally by units and price. Luxury segment performance was strong, with a 3.5% year-over-year increase in quarterly volume and 8% growth in the first half, while geographic performance varied, notably with double-digit growth in New York City and challenges in Florida. The company reiterated its 2025 operating EBITDA guidance of approximately $350 million and free cash flow of about $70 million, excluding one-time charges, with anticipation of continued growth momentum in the second half of the year.Anywhere Real Estate ate Financial Statement Overview
Summary
The company's financial performance shows moderate improvement with stable revenue and improved gross margins. However, significant challenges persist due to ongoing net losses and high leverage, impacting financial stability and growth prospects.Income Statement
The company's income statement shows moderate performance with stable revenue levels. Gross profit margin improved to 50.78% TTM, benefiting from cost efficiencies. However, the net profit margin remains negative at -1.82% TTM, indicating ongoing profitability challenges. Revenue growth rate over the past year is 1.37%, highlighting slow growth. EBIT margin has improved to 20.41% TTM, but EBITDA margin decreased to 4.37% TTM, suggesting pressure on earnings before interest, taxes, depreciation, and amortization.55
Neutral
Balance Sheet
The balance sheet presents a mixed picture. The debt-to-equity ratio is 2.11, indicating a high leverage position that could pose risks. Return on equity is negative at -7.03%, reflecting losses impacting shareholder value. The equity ratio of 26.72% suggests a moderate equity base relative to total assets. The company's high debt levels may constrain future growth and financial flexibility.60
Neutral
Cash Flow
Cash flow analysis reveals some positive aspects with an operating cash flow to net income ratio of -1.15 TTM, indicating cash flow generation despite accounting losses. Free cash flow grew by 57.69% from the previous year, demonstrating improved cash management. However, the free cash flow to net income ratio remains negative at -0.39 TTM, reflecting ongoing profitability issues.58
Neutral
| 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
5.67
Price Trends
4.24
Positive
3.82
Positive
3.82
Positive
Market Momentum
0.39
Negative
69.10
Neutral
94.08
Negative
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 5.67 is above the 20-day moving average (MA) of 4.88, above the 50-day MA of 4.24, and above the 200-day MA of 3.82, indicating a bullish trend. The MACD of 0.39 indicates Negative momentum. The RSI at 69.10 is Neutral, neither overbought nor oversold. The STOCH value of 94.08 is Negative, 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 (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $921.71M | ― | -31.81% | ― | 72.57% | 65.15% | |
67 Neutral | $1.64B | ― | -12.78% | 1.92% | 3.55% | -36.05% | |
67 Neutral | $286.14M | 18.65 | 2.21% | ― | -5.21% | ― | |
63 Neutral | $6.83B | 13.33 | -1.02% | 7.20% | 3.67% | -27.11% | |
59 Neutral | $635.18M | ― | -6.89% | ― | 2.74% | -118.94% | |
57 Neutral | $2.24B | ― | -41.33% | ― | 14.07% | 27.59% | |
56 Neutral | $212.90M | ― | -36.97% | ― | 8.64% | 1.81% |
* Real Estate Sector Average
Performance Comparison
HOUS
Anywhere Real Estate ate
5.76
1.03
21.78%
RMAX
Re/Max Holdings
8.90
-1.37
-13.34%
EXPI
eXp World Holdings
10.42
-1.58
-13.17%
OPEN
Opendoor Technologies
3.17
1.38
77.09%
REAX
Real Brokerage
4.49
-2.00
-30.82%
DOUG
Douglas Elliman Inc.
2.46
0.39
18.84%
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.
The most recent analyst rating on (HOUS) stock is a Sell with a $3.50 price target. To see the full list of analyst forecasts on Anywhere Real Estate ate stock, see the HOUS Stock Forecast page.
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.
The most recent analyst rating on (HOUS) stock is a Sell with a $3.50 price target. To see the full list of analyst forecasts on Anywhere Real Estate ate stock, see the HOUS Stock Forecast page.
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.