CoStar Group, Inc. (CSGP) Bundle
A Brief History of CoStar Group, Inc. (CSGP)
Company Overview
CoStar Group, Inc. (NASDAQ: CSGP) is a commercial real estate information, analytics, and online marketplace provider headquartered in Washington, D.C.
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $2.46 billion |
| Net Income | $505.6 million |
| Market Capitalization | $34.5 billion |
Key Business Segments
- Commercial Real Estate Information Services
- Apartment Listing Marketplace (Apartments.com)
- Commercial Real Estate Data and Analytics
Significant Acquisitions
| Year | Company Acquired | Acquisition Value |
|---|---|---|
| 2014 | LoopNet | $861 million |
| 2020 | STR Holdings | $575 million |
| 2022 | VTS | $1.1 billion |
Stock Performance
As of January 2024, CoStar Group's stock price was trading at approximately $83.45 per share.
Employee Information
Total employees: 4,700 as of 2023
Geographic Presence
- Headquarters: Washington, D.C.
- Offices in New York, San Francisco, London, Paris
- Global data coverage across multiple real estate markets
A Who Owns CoStar Group, Inc. (CSGP)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 7,121,442 | 12.41% |
| BlackRock Inc. | 5,463,869 | 9.52% |
| Capital World Investors | 4,769,364 | 8.31% |
| Fidelity Management & Research | 3,887,981 | 6.78% |
Insider Ownership
Andy Florance, CEO and Founder, owns 9,378,214 shares, representing approximately 16.35% of total outstanding shares.
Ownership Distribution
- Institutional Investors: 72.3%
- Retail Investors: 11.6%
- Insider Ownership: 16.35%
Top Institutional Investors
| Investor | Shares | Value ($M) |
|---|---|---|
| Vanguard Total Stock Market Index | 3,456,789 | 1,245.4 |
| State Street Corporation | 2,345,678 | 842.3 |
| Wellington Management | 1,987,654 | 714.5 |
CoStar Group, Inc. (CSGP) Mission Statement
Company Overview
CoStar Group, Inc. is a commercial real estate information, analytics, and online marketplace provider. Founded in 1987, the company is headquartered in Washington, D.C.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Annual Revenue | $2.48 billion |
| Net Income | $638.4 million |
| Market Capitalization | $35.6 billion |
Core Business Segments
- Commercial Real Estate Information Services
- Marketplace Platforms
- Data Analytics
Key Products and Services
- CoStar Property
- LoopNet
- CoStar Market Analytics
- Apartments.com
Operational Metrics
| Metric | 2023 Value |
|---|---|
| Total Employees | 4,700 |
| Commercial Property Listings | 5.6 million |
| Apartment Listings | 2.3 million |
Strategic Focus
Provide comprehensive commercial real estate information and digital marketplace solutions through advanced technology and data analytics.
Geographic Presence
- United States (Primary Market)
- United Kingdom
- France
- Germany
How CoStar Group, Inc. (CSGP) Works
Business Overview
CoStar Group, Inc. is a commercial real estate information, analytics, and online marketplace provider. As of 2024, the company operates with the following key metrics:
- Market Capitalization: $33.82 billion
- Annual Revenue: $2.33 billion
- Number of Employees: 4,600
- Stock Ticker: CSGP (NASDAQ)
Core Business Segments
CoStar operates through multiple business segments:
| Segment | Revenue (2023) | Primary Services |
|---|---|---|
| Commercial Real Estate Information | $1.42 billion | Property data, market analytics |
| Apartments.com | $580 million | Residential rental marketplace |
| LoopNet | $350 million | Commercial property listings |
Data Collection and Technology
CoStar utilizes advanced data collection methods:
- Over 1.5 million commercial properties tracked
- Machine learning algorithms for data validation
- Real-time property information updates
- Proprietary data collection network with 500+ researchers
Financial Performance
Key financial indicators for CoStar Group:
| Metric | 2023 Value | Year-over-Year Change |
|---|---|---|
| Total Revenue | $2.33 billion | +12.5% |
| Net Income | $412 million | +8.3% |
| Operating Margin | 22.7% | +1.2 percentage points |
Product Offerings
CoStar provides multiple commercial real estate products:
- CoStar Property Professional
- CoStar Market Analytics
- Apartments.com platform
- LoopNet marketplace
- CoStar Portfolio Strategy
Geographic Reach
CoStar operates in:
- United States
- United Kingdom
- France
- Germany
- Canada
How CoStar Group, Inc. (CSGP) Makes Money
Revenue Segments
CoStar Group generates revenue through multiple business segments:
| Segment | 2023 Revenue | Primary Services |
|---|---|---|
| Commercial Real Estate Information | $1.98 billion | Market data, analytics, research |
| Multifamily Information Services | $471 million | Apartment listing platforms |
| Residential Information Services | $403 million | Zillow.com, StreetEasy |
Commercial Real Estate Information Services
CoStar's primary revenue source includes:
- Subscription-based market data services
- Commercial property database access
- Real-time market analytics
- Professional research reports
Pricing Structure
| Service Tier | Annual Subscription Cost |
|---|---|
| Basic Commercial Platform | $6,000 - $12,000 |
| Advanced Analytics Package | $15,000 - $30,000 |
Digital Marketplace Revenue
CoStar generates transactional revenue through:
- Listing fees for commercial properties
- Advertising revenue on digital platforms
- Commission from property transactions
Financial Performance
| Metric | 2023 Value |
|---|---|
| Total Revenue | $2.87 billion |
| Net Income | $479 million |
| Gross Margin | 67.3% |
Customer Base
Key Customer Segments:
- Commercial real estate brokers
- Property investors
- Corporate real estate departments
- Financial institutions
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