{"id":3723,"date":"2021-08-18T03:32:02","date_gmt":"2021-08-18T08:32:02","guid":{"rendered":"https:\/\/1reason.com\/re\/united-real-estate-group-reports-second-quarter-2021-results-with-industry-leading-growth-in-revenues-gross-margin-and-earnings-company-raising-2021-fy-guidance\/3723\/"},"modified":"2021-08-18T22:32:02","modified_gmt":"2021-08-19T03:32:02","slug":"united-real-estate-group-reports-second-quarter-2021-results-with-industry-leading-growth-in-revenues-gross-margin-and-earnings-company-raising-2021-fy-guidance","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/united-real-estate-group-reports-second-quarter-2021-results-with-industry-leading-growth-in-revenues-gross-margin-and-earnings-company-raising-2021-fy-guidance\/3723\/","title":{"rendered":"United Real Estate Group Reports Second Quarter 2021 Results with Industry-Leading Growth in Revenues, Gross Margin and Earnings; Company Raising 2021 FY Guidance"},"content":{"rendered":"<div> In addition, the company successfully completed the post-merger operational integration and initial Bullseye<sup>\u2122<\/sup> Agent and Brokerage Productivity Platform technology rollout to recently merged companies, resulting in average growth among those merged companies post-closing of 24% (agent growth), 44% (transaction growth) and 65% (EBITDA growth).  <\/p>\n<p><strong>Key Financial and Operational Performance Metrics Through June 30<\/strong><sup><strong>th<\/strong><\/sup><strong>, 2021<\/strong><\/p>\n<table class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_table_border_collapse hugin\" style=\"width:70%;border-collapse:collapse !important\">\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\" style=\"max-width:40%;width:40%;min-width:40%\" \/>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\" style=\"max-width:20%;width:20%;min-width:20%\">YTD<br \/>Jun-20<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\" style=\"max-width:20%;width:20%;min-width:20%\">YTD<br \/>Jun-21<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\" style=\"max-width:20%;width:20%;min-width:20%\">YTD June <br \/>Growth Rate<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">Agents<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none hugin gnw_vertical_align_top\">7,908<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none hugin gnw_vertical_align_top\">14,772<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_border_left_solid gnw_padding_right_none hugin gnw_vertical_align_top\">87%<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">Revenues (millions)<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none hugin gnw_vertical_align_top\">$26.810<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none hugin gnw_vertical_align_top\">$153.399<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_border_left_solid gnw_padding_right_none hugin gnw_vertical_align_top\">472%<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">Transactions<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none hugin gnw_vertical_align_top\">18,012<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none hugin gnw_vertical_align_top\">37,017<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_border_left_solid gnw_padding_right_none hugin gnw_vertical_align_top\">106%<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">$ Transactions (billions)<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none hugin gnw_vertical_align_top\">$4.032<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none hugin gnw_vertical_align_top\">$8.465<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_border_left_solid gnw_padding_right_none hugin gnw_vertical_align_top\">110%<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">Agent commissions earned (millions)<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none hugin gnw_vertical_align_top\">$17.726<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none hugin gnw_vertical_align_top\">$118.166<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_border_left_solid gnw_padding_right_none hugin gnw_vertical_align_top\">567%<\/td>\n<\/tr>\n<\/table>\n<ul type=\"disc\">\n<li>Agent growth increased 87% YTD from 7,908 agents at the close of June 2020 to 14,772 agents at the close of June 2021.<\/li>\n<li>Total revenues increased 472% YTD from $26.81 million at the close of June 2020 to $153.40 million at the close of June 2021.<\/li>\n<li>Transaction count increased 106% YTD from 18,012 at the close of June 2020 to 37,017 at the close of June 2021.<\/li>\n<li>Transaction volume increased 110% YTD from $4.032 billion at the close of June 2020 to $8.465 billion at the close of June 2021.<\/li>\n<li>Agent commissions earned increased 567% YTD from $17.73 million at the close of June 2020 to $118.17 million at the close of June 2021.<\/li>\n<\/ul>\n<p>\u201cOur team has spent a decade under the radar doing the heavy lifting to refine our business model, deploy our proprietary cloud-based technology stack and build the operational infrastructure to become an <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1CMCbvjtrPhAJaULix4uRqukYqeDl8KxPSW7Dr-S1boKrl1WAFnKGlX_rppKBAoPeFHn6fQqg3KLzP8ROrD4pdutfha_8CotEonPy52lN_v6udokGpeKeMXcxzXXCxCYbWvkTPNhADqhWH5FbNuCf0BxxNuRAafZJ7BasYgyGbhYBCGBYFir9Zb1H4-qpot7\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"Exceptionally High Growth Organization\">Exceptionally High Growth Organization<\/a>. We are now realizing the benefits of the efforts of our talented group of dedicated professionals,\u201d said Dan Duffy, CEO of United Real Estate Group.<\/p>\n<p>\u201cWe\u2019ve built remarkable scalability and efficiency into United\u2019s technology, support and operational platform. As our growth accelerates, the financial and operational leverage is being realized and margins are expanding even as revenues accelerate. It is really exciting to see everyone\u2019s diligent efforts paying off in so many ways to the benefit of our agents, brokers and their clients.\u201d<\/p>\n<p>\u201cThe scale of our business now allows us to double down on investments in innovation with a regular cadence and enhance our value proposition to our stakeholders. We are adding new resources, tools and core services to our already robust technology-enabled business services platform. All these efforts are made more efficient with greater effectiveness as a result of moving our technology stack to the cloud.\u201d<\/p>\n<p>\u201cThrough United Real Estate\u2019s unique, proprietary marketing and technology platform and our low agent fee, full-support business model, we have facilitated nearly a quarter billion more of commission income to our affiliated agents than they would have received from traditional commission-split business models. This allows our agents to earn a better living while still being responsive to consumer demands for lower-cost transactions and industry-wide changes as they evolve. Empowering our network of brokers and agents to be nimble and responsive to consumers is a hallmark of our network and our penultimate goal.\u201d<\/p>\n<p>To learn more about United Real Estate, brokerage succession planning, brokerage valuation and sale or franchising opportunities, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6dAftz8x1IZI7cA9jRNdMWHKRu5edKV3b-FhdqpxrS_v0ldLqI1JWN8KQViX7dR2JShvJeODpYoSaw99nAv2pFtOcEB1ZkUXjHtMIKtYXcU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"GrowWithUnited.com\">GrowWithUnited.com<\/a> or call 888-960-0606.<\/p>\n<p>Agents interested in learning about career opportunities with United Real Estate can visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=K2yOvDs79WCTScVgLPGTww2ubTCtXLKaGcKNH38VAsnDZnPTqDRC2r9rFqX-KrKNppasxH00lAYVNQRKqhUW93zBMsIr8iSHNCgTBRmVh3zIEb1u7b9ekb8YRvIXIw5p\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"JoinUnitedRealEstate.com\">JoinUnitedRealEstate.com<\/a> or call 888-960-0606.<\/p>\n<p><strong>About United Real Estate<\/strong><\/p>\n<p><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=V8KG9oxUB7Wrl-9iHo_DPazWpx3wJxjmEPcax06eM3tXphPl7pJiexnealA-VBd_luVq3P2csKvtqdBgC0qoo9uzAw1Mi7Tc1nzcej4HKTY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"United Real Estate\">United Real Estate<\/a> (United) \u2013 a division of United Real Estate Group \u2013 was founded with the purpose of offering solutions to real estate brokers and agents in the rapidly changing real estate brokerage industry. United provides the latest training, marketing and technology tools to agents and brokers under a flat-fee, transaction-based agent commission model. By leveraging the company\u2019s proprietary cloud-based Bullseye\u2122 Agent &amp; Broker Productivity Platform, United delivers a more profitable outcome for agents and brokers. United Real Estate operates in 27 states with more than 100 offices and over 11,400 agents.<\/p>\n<p><strong>About United Real Estate Group<\/strong><\/p>\n<p>United Real Estate Group (UREG) operates <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=V8KG9oxUB7Wrl-9iHo_DPYgQUfDLsp_Zg2hBWgA6PAkHdOzspceHY2AmAXZyCqxk1z2l3CeStiNBIlUaZyOgFnDZ9UqWT4HLO-V5hWJI-X0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"United Real Estate\">United Real Estate<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NQyDYU1ktpBAfomoHCxiFZfBEIaZjQFahVf3uvhczCwWnN_o9zPSTgo_3Au4z81x6Y5wkKK4GqjD_E_kRSv4Sw866G_PRe7VQF9TSbMp6GD3bA4JCFE8P83Fr3HoUSzC\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"Charles Rutenberg Realty Fort Lauderdale\">Charles Rutenberg Realty Fort Lauderdale<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YMMIgyKdDm4UNSgSyteaxU9fL5LVbOKlUQy9TW-O9EUc1-7CHuf8_qS16OLkfRWnM1KVBXeNaU04l12u6Hc9b6MFkKKD2aTtF7QDPxzEE54=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"Benchmark Realty\">Benchmark Realty<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZqFsYOmrwo8dCbMbwACaAr0J6lvQrwUtbchG2nHS6H_Y7HY_jqE3_GriJ0zTjTQQPTL-rEnwazIi2T07bJJr2y928HaEQpqvxDyg8zeHGBWIBC8AITqoRJGsc1CH5GWl\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"Virtual Properties Realty\">Virtual Properties Realty<\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=V8KG9oxUB7Wrl-9iHo_DPZLs7JnlIUkxxL5-sOrhqm9zvejy4dL9hhQe9I-hcTxgZ1TIBgzF7D1lBFZ1a4H-YrrtsJagoE07CtLmqT4JXTY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"United Country Real Estate\">United Country Real Estate<\/a>, addressing the unique market needs of suburban, major metropolitan urban and rural markets. Utilizing the cloud-based Bullseye\u2122 Agent &amp; Broker Productivity Platform, UREG offers the latest training, marketing and technology tools producing a significant competitive advantage. The platform realizes a decade-long investment in virtual agent and brokerage technology services and is powered by a 1.8+ million listings data warehouse generating over 3 million monthly visitors and 30,000 leads per year. Together, the United Real Estate Group supports more than 600 offices and 15,000 real estate and auction professionals across four continents. Through its in-house advertising agency, UREG offers differentiating marketing support and collateral for specialized lifestyle property websites as well as access to a 650,000+ opt-in buyer database. For more information about United Real Estate or United Country Real Estate, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=V8KG9oxUB7Wrl-9iHo_DPVC58XMNfoAhTjG0UvnPvlzsQuLGisGh3dfEj3fWZDa-tBat8ir3CQNmr9ohsaochZlmy6F1bcJqvxZhe6C4W8nBEevDtrB2FDVj_R6FHLoU\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"UnitedRealEstate.com\">UnitedRealEstate.com<\/a> or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=V8KG9oxUB7Wrl-9iHo_DPT28rCbRm8IOnLve4dA-wl11iJlp-6iQQNMeIZwfP7nuLmaDYYAYY_q17eVx3Ivj0Mce90ghEzP6_cuBbcBYzmM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"UnitedCountry.com\">UnitedCountry.com<\/a>.<\/p>\n<p><strong>For More Information:<\/strong><br \/>April Gonzalez, Media &amp; Investor Relations <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iv7vvC2sDTkUXMNBlqr_dVmdS9q9C6UvHy8WFezSYu4rLdLazj1bQjHUPuRZtHvS7W6xmnO634B-dVACBggIJdiMFN18vtXmZERSy-YWgfRglU1KapEWZd7jK_ORmGNY\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"agonzalez@unitedrealestate.com\">agonzalez@unitedrealestate.com<\/a><br \/>214-277-9830<\/p>\n<p><img loading=\"lazy\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" width=\"1\" height=\"1\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/release\/track\/f36ced94-7f94-4e08-91b8-645186cc1fc9\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p>Record-Setting Results Driven by Strong Organic Growth of Existing Operations and Expansion of United\u2019s Network That Leverages United\u2019s Proprietary Bullseye\u2122 Technology Productivity Platform<\/p>\n<p align=\"left\">DALLAS, July 30, 2021 (GLOBE NEWSWIRE) &#8212; United Real Estate Group announced today better-than-guidance performance for all key financial and operational performance indicators across each of its business units through June 30th, 2021.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3723"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=3723"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3723\/revisions"}],"predecessor-version":[{"id":3728,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3723\/revisions\/3728"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=3723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=3723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=3723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}