Douglas Elliman (DOUG)
Market Price (6/17/2026): $1.735 | Market Cap: $148.6 MilSector: Real Estate | Industry: Real Estate Services
Douglas Elliman (DOUG)
Market Price (6/17/2026): $1.735Market Cap: $148.6 MilSector: Real EstateIndustry: Real Estate Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, and Sustainable & Green Buildings. Themes include IoT for Buildings, Real Estate Data Analytics, Show more. | Weak multi-year price returns3Y Excs Rtn is -108% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -44 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -4.5% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.6%, Rev Chg QQuarterly Revenue Change % is -15% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.8%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.0% Key risksDOUG key risks include [1] its persistent quarterly losses and an operating margin that is below the industry average. |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, and Sustainable & Green Buildings. Themes include IoT for Buildings, Real Estate Data Analytics, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -108% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -44 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -4.5% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.6%, Rev Chg QQuarterly Revenue Change % is -15% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.8%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.0% |
| Key risksDOUG key risks include [1] its persistent quarterly losses and an operating margin that is below the industry average. |
Qualitative Assessment
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Douglas Elliman (DOUG) stock has lost about 25% since 2/28/2026 because of the following key factors:
1. Douglas Elliman reported a significant decline in its first-quarter 2026 financial results, falling short of previous year's performance. Revenue decreased to $214.33 million from $253.4 million in the first quarter of 2025, representing a 15.3% year-over-year reduction. The company's net loss widened considerably to $16.28 million in Q1 2026, compared to a net loss of $5.99 million in the prior-year quarter. Additionally, gross transaction value declined by approximately 13.1%, from $9.9 billion in Q1 2025 to $8.6 billion in Q1 2026. This downturn was partly attributed to an unusually strong first quarter in 2025 and the October 2025 disposition of Douglas Elliman Property Management, which contributed $9.5 million to Q1 2025 revenue.
2. Persistent elevated mortgage rates have continued to suppress housing affordability and transaction volumes. The 30-year fixed-rate mortgage averaged 6.53% as of May 28, 2026, remaining a significant headwind for prospective homebuyers. While rates briefly dipped below 6.0% in February 2026, they have since risen due to increasing energy prices and inflation, with economists no longer expecting them to fall below 6% in the near future. These high borrowing costs have constrained the ability of buyers to enter the market, directly impacting the transaction-based revenue model of real estate brokerages like Douglas Elliman.
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Douglas Elliman (DOUG) stock has lost about 25% since 2/28/2026 because of the following key factors:
1. Douglas Elliman reported a significant decline in its first-quarter 2026 financial results, falling short of previous year's performance. Revenue decreased to $214.33 million from $253.4 million in the first quarter of 2025, representing a 15.3% year-over-year reduction. The company's net loss widened considerably to $16.28 million in Q1 2026, compared to a net loss of $5.99 million in the prior-year quarter. Additionally, gross transaction value declined by approximately 13.1%, from $9.9 billion in Q1 2025 to $8.6 billion in Q1 2026. This downturn was partly attributed to an unusually strong first quarter in 2025 and the October 2025 disposition of Douglas Elliman Property Management, which contributed $9.5 million to Q1 2025 revenue.
2. Persistent elevated mortgage rates have continued to suppress housing affordability and transaction volumes. The 30-year fixed-rate mortgage averaged 6.53% as of May 28, 2026, remaining a significant headwind for prospective homebuyers. While rates briefly dipped below 6.0% in February 2026, they have since risen due to increasing energy prices and inflation, with economists no longer expecting them to fall below 6% in the near future. These high borrowing costs have constrained the ability of buyers to enter the market, directly impacting the transaction-based revenue model of real estate brokerages like Douglas Elliman.
3. The broader residential real estate market faced weakening conditions, characterized by sluggish home price growth and reduced sales forecasts. National home prices grew only 0.7% in the past year as of May 26, 2026, marking the weakest showing since 2011, and over half of the 50 largest U.S. metropolitan areas experienced price declines. Forecasts for existing home sales in 2026 were revised down to a modest 0.5% to 1.2% year-over-year growth, significantly lower than earlier, more optimistic projections. This general slowdown in market activity directly contributed to the challenging operating environment for Douglas Elliman, impacting both transaction volumes and revenue potential.
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Stock Movement Drivers
Fundamental Drivers
The -25.0% change in DOUG stock from 2/28/2026 to 6/16/2026 was primarily driven by a -21.2% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 6162026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.28 | 1.71 | -25.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,031 | 994 | -3.6% |
| P/S Multiple | 0.2 | 0.1 | -21.2% |
| Shares Outstanding (Mil) | 85 | 86 | -1.2% |
| Cumulative Contribution | -25.0% |
Market Drivers
2/28/2026 to 6/16/2026| Return | Correlation | |
|---|---|---|
| DOUG | -25.0% | |
| Market (SPY) | 9.7% | 26.1% |
| Sector (XLRE) | 3.6% | 22.1% |
Fundamental Drivers
The -35.5% change in DOUG stock from 11/30/2025 to 6/16/2026 was primarily driven by a -32.2% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6162026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.65 | 1.71 | -35.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,031 | 994 | -3.6% |
| P/S Multiple | 0.2 | 0.1 | -32.2% |
| Shares Outstanding (Mil) | 85 | 86 | -1.2% |
| Cumulative Contribution | -35.5% |
Market Drivers
11/30/2025 to 6/16/2026| Return | Correlation | |
|---|---|---|
| DOUG | -35.5% | |
| Market (SPY) | 10.4% | 29.8% |
| Sector (XLRE) | 10.2% | 20.1% |
Fundamental Drivers
The -37.1% change in DOUG stock from 5/31/2025 to 6/16/2026 was primarily driven by a -32.7% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6162026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.72 | 1.71 | -37.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,049 | 994 | -5.2% |
| P/S Multiple | 0.2 | 0.1 | -32.7% |
| Shares Outstanding (Mil) | 84 | 86 | -1.5% |
| Cumulative Contribution | -37.1% |
Market Drivers
5/31/2025 to 6/16/2026| Return | Correlation | |
|---|---|---|
| DOUG | -37.1% | |
| Market (SPY) | 28.8% | 34.0% |
| Sector (XLRE) | 11.8% | 27.6% |
Fundamental Drivers
The -38.3% change in DOUG stock from 5/31/2023 to 6/16/2026 was primarily driven by a -31.6% change in the company's P/S Multiple.| (LTM values as of) | 5312023 | 6162026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.77 | 1.71 | -38.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,058 | 994 | -6.1% |
| P/S Multiple | 0.2 | 0.1 | -31.6% |
| Shares Outstanding (Mil) | 82 | 86 | -4.0% |
| Cumulative Contribution | -38.3% |
Market Drivers
5/31/2023 to 6/16/2026| Return | Correlation | |
|---|---|---|
| DOUG | -38.3% | |
| Market (SPY) | 86.6% | 29.8% |
| Sector (XLRE) | 38.7% | 34.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DOUG Return | 0% | -63% | -23% | -43% | 42% | -27% | -83% |
| Peers Return | 128% | -52% | 28% | 68% | 28% | -23% | 133% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| DOUG Win Rate | 0% | 25% | 42% | 42% | 50% | 33% | |
| Peers Win Rate | 56% | 33% | 52% | 62% | 55% | 43% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| DOUG Max Drawdown | - | -68% | -67% | -65% | -30% | -44% | |
| Peers Max Drawdown | -14% | -59% | -42% | -21% | -35% | -39% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: COMP, REAX, CBRE, JLL, CWK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/16/2026 (YTD)
How Low Can It Go
| Event | DOUG | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.5% | -18.8% |
| % Gain to Breakeven | 39.9% | 23.1% |
| Time to Breakeven | 37 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -30.7% | -9.5% |
| % Gain to Breakeven | 44.4% | 10.5% |
| Time to Breakeven | 27 days | 24 days |
In The Past
Douglas Elliman's stock fell -28.5% during the 2025 US Tariff Shock. Such a loss loss requires a 39.9% gain to breakeven.
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| Event | DOUG | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.5% | -18.8% |
| % Gain to Breakeven | 39.9% | 23.1% |
| Time to Breakeven | 37 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -30.7% | -9.5% |
| % Gain to Breakeven | 44.4% | 10.5% |
| Time to Breakeven | 27 days | 24 days |
In The Past
Douglas Elliman's stock fell -28.5% during the 2025 US Tariff Shock. Such a loss loss requires a 39.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Douglas Elliman (DOUG)
Douglas Elliman Inc. (NYSE: DOUG) is a prominent real estate services company with an additional focus on property technology investments. Its primary business revolves around residential real estate brokerage operations, connecting buyers and sellers across a significant portion of the U.S. The company operates independently, having been established in 1911, showcasing a long history in the industry.
Through its extensive network of approximately 6,500 real estate agents spread across roughly 100 offices, Douglas Elliman facilitates transactions for residential properties. Its key markets include major metropolitan areas such as New York, Florida, and California, alongside operations in Connecticut, Massachusetts, Colorado, New Jersey, and Texas. These services primarily cater to individuals looking to buy or sell homes in these high-value regions, positioning DOUG as a key player in the residential real estate market.
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1. Think of it as a publicly traded real estate brokerage, similar to **Compass (COMP)** or **Redfin (RDFN)**, with a large network of agents specializing in key residential markets.
2. It's like a national residential real estate agency, comparable to well-known brands such as **Coldwell Banker** or **RE/MAX**, but operating as an independent, publicly traded company.
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- Residential Real Estate Brokerage Services: This service involves assisting clients with the buying, selling, and renting of residential properties across various U.S. markets.
- Property Technology (PropTech) Investment: This involves investing in and developing technology companies and solutions that innovate the real estate industry.
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Douglas Elliman (DOUG) primarily sells its real estate brokerage services to **individuals** rather than other companies.
The company serves the following categories of individual customers:
- Residential Home Buyers: Individuals, couples, and families seeking to purchase residential properties, including primary residences, vacation homes, and investment properties.
- Residential Home Sellers: Individuals, couples, and families looking to list and sell their residential properties.
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Michael Liebowitz, Chairman and Chief Executive Officer
Mr. Liebowitz was appointed Chairman and Chief Executive Officer of Douglas Elliman Inc. in October 2024. He is an entrepreneur, private investor, and seasoned business executive with over 25 years of experience founding, acquiring, and monetizing businesses in the insurance and financial industries. His past ventures include founding or acquiring Harbor Group Consulting LLC, National Financial Partners Corp. (NYSE: NFP), Innova Risk Management, and High Street Valuations. He currently serves as Chairman and Chief Executive Officer of Nocopi Technologies Inc. (OTC QB: NNUP). He previously led the Harbor Group Division of Alliant as President and CEO, and High Street Valuations until 2023, and Harbor and Innova until 2018 and 2019, respectively, at which point they were acquired by Alliant.
J. Bryant Kirkland III, Executive Vice President, Treasurer and Chief Financial Officer
Mr. Kirkland serves as Executive Vice President, Treasurer and Chief Financial Officer of Douglas Elliman Inc. Prior to this role, he was the Chief Financial Officer of Vector Group Ltd. from April 2006 until October 2024. He also served as Chief Financial Officer of New Valley Corporation from 1998 until its acquisition by Vector Group in December 2005. Additionally, Mr. Kirkland held the positions of Chairman of the Board of Directors, President, and Chief Executive Officer for Multi Solutions II, Inc. and Multi-Soft II, Inc., both subsidiaries of Vector Group, from 2012 to October 2024.
Bradley H. Brodie, Senior Vice President, General Counsel and Secretary
Mr. Brodie joined Douglas Elliman in August 2025. Before his tenure at Douglas Elliman, he served as Counsel at Sidley Austin LLP from August 2023 to August 2025 and as Of Counsel at DLA Piper LLP (US) from May 2022 to August 2023. Earlier in his career, he was the Director, Assistant General Counsel at Chewy, Inc. from September 2020 to May 2022, and also held the position of Vice President - Legal Affairs at Ladenburg Thalmann Financial Services Inc.
Lisa Seligman, Vice President of Human Resources
Ms. Seligman joined Douglas Elliman in January 2023, where she leads talent recruitment and development, performance management, and diversity, equity, and inclusion initiatives. Before her role at Douglas Elliman, she served as Global Vice President of Human Resources at Arcade Beauty.
Stephen T. Larkin, Vice President of Communications
Mr. Larkin serves as Vice President of Communications for Douglas Elliman Inc. He is a graduate of Wheaton College in Massachusetts and holds a Master of Science from the Columbia University Graduate School of Journalism.
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The key risks to Douglas Elliman Inc.'s (DOUG) business are primarily tied to the cyclical nature of the real estate market, ongoing profitability challenges, and negative market sentiment.
- Sluggish Residential Real Estate Market Conditions: Douglas Elliman's primary revenue source, brokerage commissions, is directly impacted by the health of the residential real estate market. The company faces significant external headwinds from a sluggish market, ongoing economic pressures, and elevated mortgage rates. This has led to reduced inventory of homes available for sale and softer demand in the near term, as indicated by declining cash receipts for early 2026 compared to the prior year.
- Profitability Challenges and Operational Inefficiencies: Despite some positive financial turnarounds, Douglas Elliman continues to grapple with profitability issues. The company has reported negative operating margins, EBIT margins, net income losses, and negative return on equity in recent periods, placing its operating margin below the industry average for loss-making brokerages. While strategic moves like becoming debt-free in late 2025 de-risk the financial structure, the core business still needs to consistently achieve positive operating margins to justify higher valuations and improve financial health.
- Negative Market Sentiment and Investor Confidence: Douglas Elliman's stock has experienced significant volatility and declines, reflecting market caution and compromised investor confidence. The company's high volatility and a beta indicating higher risk compared to the broader market are noted, with analysts showing negative sentiment and DOUG underperforming against real estate benchmarks. This perception can impact the company's valuation and its ability to attract investment.
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The rise and increasing adoption of online real estate platforms, discount brokerages, and iBuyer models that offer alternative, often lower-cost or more streamlined, methods for buying and selling properties, directly challenging the traditional commission-based brokerage model.
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Douglas Elliman Inc.'s primary service is residential real estate brokerage. The addressable markets for this service in regions where the company operates are as follows:
- United States: The residential segment of the U.S. real estate brokerage market was approximately $167.22 billion in 2025, calculated from a total U.S. real estate brokerage market of $206.45 billion in 2025, with residential holding an 81% market share in 2024. Another estimate places the overall U.S. Real Estate Sales & Brokerage market at $240.0 billion in 2025. The North American real estate brokerage market, of which the United States holds 86.35% of 2025 revenue, is valued at $249.14 billion in 2026, with residential assets accounting for 78.48% of the revenue in 2025.
- California: The market size of the Real Estate Sales & Brokerage industry in California is projected to be $40.9 billion in 2026.
- New York: The market size of the Real Estate Sales & Brokerage industry in New York is projected to be $16.6 billion in 2026.
- Florida: The market size of the Real Estate Sales & Brokerage industry in Florida is projected to be $25.5 billion in 2026.
Specific market sizes for Connecticut, Massachusetts, Colorado, New Jersey, and Texas were not individually identified, but they are encompassed within the broader U.S. market figures.
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Douglas Elliman Inc. (NYSE: DOUG) is anticipated to drive future revenue growth over the next 2-3 years through several strategic initiatives:
- International and Domestic Market Expansion: The company is actively pursuing expansion into new international destinations, with recent entries into locations like the French Alps, Bordeaux, the French Riviera, and Monaco. Domestically, Douglas Elliman has established a market growth team to expand its footprint within existing markets and a new markets team dedicated to driving expansion into new areas.
- Product Innovation and Technology Investments: Douglas Elliman is enhancing its offerings through product innovation, notably with the launch and expansion of Elliman Capital in Florida and New York. This platform aims to provide integrated real estate and finance services, broadening the company's value proposition. Additionally, investments in agent-centric technology, such as the rollout of "Elli AI" and improved marketing tools, are expected to empower agents and deliver greater client value.
- Growth in Development Marketing Division: The company has observed increased revenues from its development marketing division and possesses a robust pipeline with a gross transaction value of $25.3 billion. Approximately $7.5 billion of this pipeline is expected to come to market by the end of 2026, indicating a significant future revenue stream.
- Continued Strength and Focus on the Luxury Real Estate Market: Douglas Elliman continues to emphasize its strong position in the luxury market. The average price per transaction increased in 2025, alongside notable increases in sales of homes priced above $5 million and $10 million. The company is strategically recruiting agents by leveraging its competitive advantage in this high-value sector.
- Strategic Recruitment and Agent Resources: Douglas Elliman is investing in talent and agent resources, including senior leadership hires and initiatives to strategically recruit agents. These efforts are aimed at strengthening its agent base and enhancing its capacity to serve clients effectively, particularly in the luxury segment.
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Share Repurchases
No specific share repurchase programs or dollar amounts of share repurchases were identified for Douglas Elliman in the last 3-5 years.
Share Issuance
- Douglas Elliman's shares outstanding increased from 82.46 million in 2023 to 85.67 million in 2024, before slightly decreasing to 85.14 million in 2025.
- Restricted shares were awarded on various dates between 2021 and 2024, including an aggregate of 38,750 shares, valued at $2.755 per share, related to officer compensation.
- In October 2025, the company redeemed all its 7.0% Convertible Notes due 2029 for an aggregate payment of $95.0 million, which included accrued interest, thus eliminating its long-term debt.
Inbound Investments
No information was explicitly found regarding large, strategic inbound investments made in Douglas Elliman Inc. by third-party strategic partners or private equity firms within the last 3-5 years.
Outbound Investments
- As a significant capital allocation decision, Douglas Elliman sold its Property Management division in October 2025 for a base purchase price of $85.0 million, resulting in an $81.7 million gain that contributed to the company's 2025 net income and strengthened its balance sheet.
- Douglas Elliman made strategic investments in PropTech companies and funds through its New Valley Ventures LLC, with a carrying value of approximately $11.4 million as of December 31, 2024, including an investment in Rechat.
- The company launched Elliman Capital in Florida and New York to provide integrated real estate and finance experiences, leveraging a strategic alliance with associated mortgage bankers.
Capital Expenditures
- Douglas Elliman has focused on investments in technology, talent, and agent resources to support luxury market growth and enhance operational efficiency.
- The company manages investments across its markets by targeting expenses related to office leases, professional services, and technology.
- Investments have also been made in its Development Marketing division, which contributed to its pipeline and operational momentum in recent years.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Douglas Elliman Earnings Notes | 12/16/2025 | |
| Is Douglas Elliman Stock Built to Withstand More Downside? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 11.43 |
| Mkt Cap | 5.0 |
| Rev LTM | 9,424 |
| Op Inc LTM | 230 |
| FCF LTM | 137 |
| FCF 3Y Avg | 117 |
| CFO LTM | 166 |
| CFO 3Y Avg | 148 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.1% |
| Rev Chg 3Y Avg | 10.0% |
| Rev Chg Q | 14.9% |
| QoQ Delta Rev Chg LTM | 3.3% |
| Op Inc Chg LTM | 2.4% |
| Op Inc Chg 3Y Avg | 9.2% |
| Op Mgn LTM | 1.3% |
| Op Mgn 3Y Avg | 1.0% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 2.7% |
| CFO/Rev 3Y Avg | 2.8% |
| FCF/Rev LTM | 2.0% |
| FCF/Rev 3Y Avg | 2.1% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Commission and other brokerage income - existing home sales | 909 | 879 | |||
| Commission and other brokerage income - development marketing | 80 | 68 | |||
| Property management revenue | 32 | 37 | |||
| Escrow and title fees | 12 | 12 | |||
| Corporate Activities and Other | 0 | 0 | |||
| Real Estate Brokerage | 956 | 1,153 | 1,353 | ||
| Total | 1,033 | 996 | 956 | 1,153 | 1,353 |
| $ Mil | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Corporate Activities and Other | -31 | -28 | -27 | 0 |
| Real Estate Brokerage | -37 | -37 | 22 | 102 |
| Total | -69 | -64 | -5 | 102 |
| $ Mil | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Real Estate Brokerage | 425 | 455 | 513 | 548 |
| Corporate Activities and Other | 69 | 38 | 38 | 47 |
| Total | 494 | 493 | 550 | 595 |
Price Behavior
| Market Price | $1.71 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 12/31/2021 | |
| Distance from 52W High | -45.0% | |
| 50 Days | 200 Days | |
| DMA Price | $1.81 | $2.32 |
| DMA Trend | down | down |
| Distance from DMA | -5.5% | -26.2% |
| 3M | 1YR | |
| Volatility | 61.3% | 68.5% |
| Downside Capture | 136.60 | 254.31 |
| Upside Capture | 93.11 | 130.63 |
| Correlation (SPY) | 32.1% | 33.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.12 | 2.71 | 1.58 | 1.74 | 2.04 | 1.53 |
| Up Beta | 9.17 | 4.16 | 2.33 | 1.99 | 2.59 | 1.38 |
| Down Beta | 2.17 | 2.41 | 0.58 | 1.12 | 1.97 | 1.14 |
| Up Capture | 76% | 116% | 78% | 123% | 153% | 456% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 7 | 20 | 30 | 57 | 112 | 345 |
| Down Capture | 572% | 275% | 233% | 215% | 177% | 113% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 10 | 18 | 30 | 59 | 121 | 362 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DOUG | |
|---|---|---|---|---|
| DOUG | -40.1% | 68.5% | -0.45 | - |
| Sector ETF (XLRE) | 11.5% | 13.8% | 0.55 | 27.6% |
| Equity (SPY) | 27.2% | 12.4% | 1.66 | 34.4% |
| Gold (GLD) | 25.8% | 27.4% | 0.82 | 8.2% |
| Commodities (DBC) | 23.3% | 18.9% | 0.98 | -4.7% |
| Real Estate (VNQ) | 13.6% | 13.5% | 0.69 | 31.7% |
| Bitcoin (BTCUSD) | -37.7% | 42.4% | -1.00 | 16.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DOUG | |
|---|---|---|---|---|
| DOUG | -30.6% | 71.2% | -0.28 | - |
| Sector ETF (XLRE) | 3.3% | 19.1% | 0.08 | 36.6% |
| Equity (SPY) | 13.8% | 17.1% | 0.63 | 36.1% |
| Gold (GLD) | 17.6% | 18.2% | 0.78 | 8.6% |
| Commodities (DBC) | 7.8% | 19.4% | 0.30 | 6.1% |
| Real Estate (VNQ) | 2.5% | 18.8% | 0.04 | 39.1% |
| Bitcoin (BTCUSD) | 12.1% | 54.2% | 0.42 | 16.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DOUG | |
|---|---|---|---|---|
| DOUG | -16.7% | 71.2% | -0.28 | - |
| Sector ETF (XLRE) | 7.1% | 20.4% | 0.30 | 36.6% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 36.1% |
| Gold (GLD) | 12.8% | 16.1% | 0.66 | 8.6% |
| Commodities (DBC) | 6.2% | 18.0% | 0.27 | 6.1% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 39.1% |
| Bitcoin (BTCUSD) | 60.7% | 66.8% | 1.00 | 16.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/11/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/8/2026 | -11.0% | -24.4% | -17.7% |
| 3/13/2026 | -26.7% | -30.2% | -26.7% |
| 11/4/2025 | -2.0% | 5.7% | 6.5% |
| 7/31/2025 | -22.9% | -22.5% | -1.1% |
| 5/1/2025 | 8.9% | 9.5% | 58.3% |
| 3/11/2025 | 3.0% | 15.9% | -6.7% |
| 11/7/2024 | 4.1% | -6.7% | 25.4% |
| 8/8/2024 | -1.1% | 19.8% | -12.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 8 | 6 |
| # Negative | 12 | 10 | 12 |
| Median Positive | 4.3% | 8.6% | 20.6% |
| Median Negative | -8.9% | -10.5% | -15.3% |
| Max Positive | 8.9% | 19.8% | 58.3% |
| Max Negative | -26.7% | -30.2% | -26.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/8/2026 | -11.0% | -24.4% | -17.7% |
| 3/13/2026 | -26.7% | -30.2% | -26.7% |
| 11/4/2025 | -2.0% | 5.7% | 6.5% |
| 7/31/2025 | -22.9% | -22.5% | -1.1% |
| 5/1/2025 | 8.9% | 9.5% | 58.3% |
| 3/11/2025 | 3.0% | 15.9% | -6.7% |
| 11/7/2024 | 4.1% | -6.7% | 25.4% |
| 8/8/2024 | -1.1% | 19.8% | -12.8% |
| 5/10/2024 | -18.1% | -2.1% | -23.6% |
| 3/1/2024 | -0.5% | -3.3% | -22.3% |
| 11/8/2023 | -3.2% | 9.7% | 24.9% |
| 8/8/2023 | 8.4% | 7.0% | 16.4% |
| 5/11/2023 | 1.0% | 7.8% | -9.5% |
| 3/10/2023 | -15.6% | -24.3% | -24.0% |
| 11/4/2022 | -8.9% | -12.7% | -10.3% |
| 8/5/2022 | -8.9% | -8.3% | -25.2% |
| 5/10/2022 | -1.8% | 1.1% | -3.3% |
| 3/1/2022 | 4.5% | -5.7% | 2.5% |
| SUMMARY STATS | |||
| # Positive | 6 | 8 | 6 |
| # Negative | 12 | 10 | 12 |
| Median Positive | 4.3% | 8.6% | 20.6% |
| Median Negative | -8.9% | -10.5% | -15.3% |
| Max Positive | 8.9% | 19.8% | 58.3% |
| Max Negative | -26.7% | -30.2% | -26.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 03/17/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/08/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 03/17/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/08/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/11/2022 | 10-Q |
| 12/31/2021 | 03/31/2022 | 10-K |
| 09/30/2021 | 12/17/2021 | 424B3 |
Industry Resources
| Real Estate Resources |
| The Real Deal |
| Commercial Observer |
| Inman |
| Real Estate Services Resources |
| CBRE Research |
| JLL Trends & Insights |
| Cushman & Wakefield Insights |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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