CoStar Group, With Close To $2B In Cash On Hand, To Continue To Deliver Strong Performance

6/9/20

CoStar Group (NASDAQ: CSGP) is a provider of commercial real estate information, analytics, and marketing services through its main brands, which include CoStar, LoopNet, Apartments.com, BizBuySell, and LandsofAmerica brands. Though the company supports the real estate industry, its advertising and subscription business models have largely been immune to social distancing rules and the economic slowdown brought on by Covid-19.

Indeed, even when commercial landlords might still be suffering at the moment, CSGP succeeds because real estate investors still need services to source, value, and sell properties. Such investors also need to find buyers. As such, its subscription- and advertising-based models will continue to prove valuable for the company.

According to its Q1 2020 report, LoopNet had its best sales quarter ever and Apartments.com turned in its second-best sales quarter ever.

READ FULL ARTICLE HERE

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.