Douglas Elliman Q1 2022 Earnings Report
Key Takeaways
Douglas Elliman Inc. reported a 13.2% increase in revenue to $308.9 million compared to $272.8 million in the first quarter of 2021. Net income attributed to Douglas Elliman was $6.5 million, or $0.08 per diluted common share, compared to $14.0 million, or $0.18 per diluted common share, in the prior year period.
Consolidated revenues increased by 13.2% to $308.9 million compared to the prior year period.
Real estate brokerage segment achieved gross transaction value of approximately $11.7 billion, compared to $10.1 billion for the first quarter of 2021.
Consolidated operating income was $7.9 million, and real estate brokerage segment operating income was $14.5 million.
Net income attributed to Douglas Elliman was $6.5 million, or $0.08 per diluted common share.