But look, we're modeling both a kind of V-shape bounce back for housing, which is what the NARs and Fannie Maes are forecasting, I think Zillow's chief economist just came out and said the same kind of thing. On our side, there's been some slowdown because we've transitioned people, frankly, to some crisis management during that time when getting the health and safety of our employees and agents was a lot more important than getting the incremental recruit kind of thing.

Also, certain non-GAAP financial measures will be discussed on this call. Such amounts are recorded as contra-revenues by the. Basic loss per share attributable to Realogy Holdings shareholders: Basic loss per share from continuing operations, Basic loss per share from discontinued operations.

We present Operating EBITDA because we believe it is useful as a supplemental measure in evaluating the performance of our operating businesses and provides greater transparency into our results of operations. Our senior secured credit facilities include the Amended and Restated Credit Agreement dated as of March 5, 2013, as amended from time to time (the "Senior Secured Credit Agreement"), and the Term Loan A Agreement dated as of October 23, 2015, as amended from time to time. It's not really driven by competition.

And does that balance out the 20% to 25% down in April or 40% down in transaction open ones? RFG homesale transaction sides decreased 10% and average homesale price increased 2%.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS, Loss before income taxes, equity in (earnings) losses and noncontrolling interests, Equity in (earnings) losses of unconsolidated entities, Less: Net income attributable to noncontrolling interests, Net loss attributable to Realogy Holdings. So some of the strategic initiatives that you've put out there over the last year or two, whether it's social ad engine with Facebook or RealVitalize, RealSure, TurnKey. Revenues for Realogy Franchise Group include $3 million, $5 million, $6 million and $4 million of intercompany referral commissions related to Realogy Advantage Broker Network paid by Realogy Brokerage Group during the three months ended March 31, 2019, June 30, 2019, September 30, 2019 and December 31, 2019, respectively. Crises also often expose unprofitable business models or unprofitable attempts of disruption, creating new opportunities for established players. Frankly, we're seeing anyone in the market now is serious about getting transaction done despite the crisis. Follow Realogy on these social media sites: Enter your email address to stay up to date with the latest news from Realogy. 4 Net corporate debt divided by EBITDA, as defined by the Senior Secured Credit Facility, for the four-quarter period ended March 31, 2019. Set forth in the tables below is a reconciliation of Net loss to Operating EBITDA for the three-month periods ended March 31, 2019 and 2018: Loss on the early extinguishment of debt (c). Operating EBITDA has limitations as an analytical tool, and you should not consider Operating EBITDA either in isolation or as a substitute for analyzing our results as reported under GAAP. Weighted average common and common equivalent shares outstanding: Reflects tax effect of adjustments at the Company's blended state and federal statutory rate. It's really too early to say. NON-GAAP RECONCILIATION - OPERATING EBITDA, THREE MONTHS ENDED DECEMBER 31, 2018 AND 2017, Set forth in the tables below is a reconciliation of Net income (loss) to Operating EBITDA for the three-month periods.
Is there any concern? Alicia Swift Senior Vice President (973) 407-4669 Danielle Kloeblen Senior Director (973) 407-2148 Email Us. So I think there's a lot of side benefits to that.
NRT Operating EBITDA includes $14 million of equity earnings from PHH Home Loans for the three months ended December 31, 2017. What I can tell you is, in the first couple of weeks of living in COVID, it actually is the opposite because what's happening is a higher percentage of the transactions are coming from the agents that actually are higher up on the split table. Our retention in Q1 was better. this measure does not reflect changes in, or cash required for, our working capital needs; this measure does not reflect our interest expense (except for interest related to our securitization obligations), or the cash requirements necessary to service interest or principal payments on our debt; this measure does not reflect our income tax expense or the cash requirements to pay our taxes; this measure does not reflect historical cash expenditures or future requirements for capital expenditures or contractual commitments; although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often require replacement in the future, and this measure does not reflect any cash requirements for such replacements; and. Operating EBITDA should not be considered in isolation or as a substitute for net income or other statement of operations data prepared in accordance with GAAP.

Realogy's fully integrated business model includes brokerage, franchising, relocation, mortgage, and title and settlement services.

Such amounts are eliminated through the Corporate and Other line. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements. The Company's net debt leverage ratio4 was 5.2 times at March 31, 2019. This is actually better than I thought it would be when the crisis began. Our management, including our chief operating decision maker, uses Operating EBITDA as a factor in evaluating the performance of our business.

Welcome to Markel Corporation’s (NYSE – MKL) investor relations section.

Restructuring charges incurred for the three months ended March 31, 2019 include $4 million at Realogy Brokerage Group, $1 million at Realogy Title Group and $4 million at Corporate and Other. So those -- it's basically people costs and the costs associated with our facilities. Was that a temporary occurrence that you saw and that it's kind of normalized now?


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