[VIP] Realogy, Q2/2019: Justify My Love

Realogy reported its Q2 results last week, and on balance, it was a very nice quarter. The highlights of the presentation are improved profitability, strong cash flows, paying down debt, and a narrative that the broken fundamentals at the NRT are changing. Or trending like it’s changing. Maybe it’s more of a looking like it’s changing. At a minimum, it wasn’t as bad as it could have been and as many people expected it to be.

As longtime readers know, I started my career in real estate at Realogy. I know many of the executives there, and they’re absolutely fantastic people, starting with Ryan Schneider at the helm, but the entire organization is filled with top notch operators who are smart, driven and classy. I really, really want to love Realogy.

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Rob Hahn

Rob Hahn

Managing Partner of 7DS Associates, and the grand poobah of this here blog. Once called "a revolutionary in a really nice suit", people often wonder what I do for a living because I have the temerity to not talk about my clients and my work for clients. Suffice to say that I do strategy work for some of the largest organizations and companies in real estate, as well as some of the smallest startups and agent teams, but usually only on projects that interest me with big implications for reforming this wonderful, crazy, lovable yet frustrating real estate industry of ours.

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