Douglas Elliman is experiencing financial turmoil, with its stock price plummeting to $2.14, a drastic fall from over $900 million in 2021. Recent executive shakeups, including the dismissal of former CEO Scott Durkin and allegations against agents, further complicate the company’s situation. Amidst this, new leadership aims to implement cost-saving measures after reporting significant revenue but also a $78 million net loss in Q1 2025. Investors express discontent with past management’s decisions, while the company strives to stabilize and improve its financial outlook.
The firm’s stock ended Thursday at $2.14 a share, giving the firm a market value of roughly $190 million, down from over $900 million in December 2021.
Lorber’s time at Douglas Elliman was marred by scandal, as he admitted to intimate relationships with brokers during an internal inquiry.
Douglas Elliman is facing challenges with executive shakeups and allegations against former agents, while striving for cost savings amid financial loss.
In Q1 2025, Anywhere reported $1.2 billion in revenue but posted a $78 million net loss, highlighting the ongoing challenges faced by the firm.
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