Our Greatest Listing Yet: Douglas Elliman Goes Public on the NYSE

On December 30, 2021, listed under the ticker symbol “DOUG,” Douglas Elliman Inc. officially began trading as a public company on the New York Stock Exchange.

With the company’s spin-off from former parent company Vector Group Ltd. now complete, Douglas Elliman Realty, LLC emerges as one of the largest residential brokerage companies in the New York metropolitan area and the sixth largest in the U.S.

Scott Durkin and Howard M. Lorber

Already an established and growing presence in most major luxury markets—primarily international finance and technology hubs that are densely populated and offer housing inventory at premium pricing points—Douglas Elliman comes to market with an attractive financial profile that includes a strong balance sheet, significant operating leverage, and a record of impressive revenue growth and disciplined expense management.

“Today marks an exciting new chapter for Douglas Elliman,” says Howard M. Lorber, Chairman and CEO of Douglas Elliman. “As a standalone company, Douglas Elliman will leverage its differentiated approach, portfolio of innovative technology services and a best-in-class team of employees and agents to capitalize on growth opportunities in the highly attractive U.S. residential real estate market. We believe there is a bright future ahead for our company as a standalone entity.”

“We are thrilled that Douglas Elliman has reached this milestone—one that would not be possible without the hard work and dedication of our incredible agents and employees,” says Scott Durkin, CEO of Douglas Elliman Realty, LLC. “As a standalone company, we look forward to building on Douglas Elliman’s leading luxury brand and longstanding tradition of excellence, while continuing to drive long-term value for stockholders.”

Learn more about Douglas Elliman Inc. and Douglas Elliman Realty, LLC.

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ELLIMAN INSIDER is published by Douglas Elliman Real Estate
© 2020 all rights reserved
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