Douglas Elliman Inc. (DOUG)

Douglas Elliman's stock price increased by 60.51% between January 10, 2025, and January 9, 2026. In Q3 2025, revenues were $262.8 million, slightly down from $266.3 million in Q3 2024, but the net loss improved to $24.7 million from $27.2 million year-over-year. The company sold its property management business for $85 million to reposition as a focused luxury brand, expecting an after-tax gain of approximately $75 million in Q4 2025. Douglas Elliman redeemed its convertible notes, eliminating the overhang on its common stock and contributing to a robust cash balance with no debt. Perry Weitz was appointed to the company's board of directors. Douglas Elliman expanded its in-house mortgage platform, Elliman Capital, to New York and expanded into the French Alps.

Douglas Elliman's business traditionally experiences seasonality. The real estate industry often sees fluctuations in activity based on factors such as weather, holidays, school calendars, and economic conditions. The company's focus on luxury markets may also influence its specific demand patterns.

Douglas Elliman, Inc. (DOUG) is an American real estate company specializing in residential real estate brokerage services, operating within the Real Estate sector, specifically in Real Estate Services and Real Estate Management & Development. Its core business includes residential sales, leasing, and property management. The company invests in early-stage property technology through New Valley Ventures and offers ancillary services like development marketing, property management, title, and escrow services. Douglas Elliman is known for its focus on luxury properties.

Douglas Elliman has a broad geographic presence across the United States and has expanded internationally. In the U.S., it is one of the largest residential brokerage companies in the New York metropolitan area, encompassing New York City, Long Island, Westchester, Connecticut, New Jersey, and the Hamptons. The company also has substantial businesses and offices in major luxury markets including California, Colorado, Texas, Florida, Massachusetts, Maryland, Virginia, and Washington, D.C. Internationally, Douglas Elliman has expanded its operations into France and Monaco.

Douglas Elliman has a brand reputation associated with luxury, service, and forward-thinking in the real estate industry. The launch of its new digital platform, Elliman.com, in April 2025, featuring an AI-powered home discovery tool called Elliman Inspirations, enhanced user experience and agent-client collaboration. A reality television series titled "Selling the City," which follows a group of Douglas Elliman agents, premiered in 2025 on Netflix, further contributing to brand visibility.

Douglas Elliman Inc.'s ownership structure is characterized by a significant institutional presence, with institutional shareholders collectively owning approximately 50.68% to 53.21% of the stock. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Clearline Capital LP, Renaissance Technologies Llc, Moerus Capital Management LLC, and Ameriprise Financial Inc. Howard M. Lorber owns approximately 4.56% of the company, and CEO Michael Liebowitz holds about 3.2% to 3.46% of the total shares outstanding. Phillip Frost is the largest single shareholder with 8.6% of shares outstanding. The top 14 shareholders collectively own 50% of the company.