reis inc (REIS) Key Developments
Reis, Inc. and BOMA International Announces New Marketing Alliance
May 29 14
Reis, Inc. and Building Owners and Managers Association International announced a new marketing alliance providing BOMA members with specialized pricing for ReisReports. Under this arrangement, BOMA will provide its members with a link from the BOMA website to the ReisReports website where they can learn about and subscribe to Reis's commercial real estate market and transaction data. BOMA will also promote ReisReports to its members through its website, through email and other channels.
Reis, Inc. Presents at Second Annual New York Summer Apartment Summit, Jun-26-2014 08:35 AM
May 20 14
Reis, Inc. Presents at Second Annual New York Summer Apartment Summit, Jun-26-2014 08:35 AM. Venue: The Loeb Boathouse Central Park, East 72nd Street and Park Drive North, New York, New York, United States. Speakers: Ryan Severino, CFA, Senior Economist and Associate Director of Research.
Reis, Inc. Announces First Ever Quarterly Cash Dividend, Payable on June 18, 2014
May 20 14
Reis, Inc. announced that on May 19, 2014 its Board of Directors approved the initiation of a program of paying a regular quarterly cash dividend to the Company's shareholders. As a result, the Board of Directors declared an initial quarterly cash dividend of $0.11 per common share to be paid on June 18, 2014 to shareholders of record as of the close of business on June 11, 2014.
Reis, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for 2014
May 1 14
Reis, Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2014. Income from continuing operations was $1,046,980, or $0.10 per basic share and $0.09 per diluted share, for the quarter ended March 31, 2014. For the quarter ended March 31, 2013, the company had income from continuing operations of $402,066, or $0.04 per basic and diluted share. On a consolidated basis, the company had net income of $669,102, or $0.06 per basic and diluted share, for the three months ended March 31, 2014. For the three months ended March 31, 2013, the company had net income of $250,434, or $0.02 per basic and diluted share. Subscription revenue was $9,946,045 against $8,234,328 a year ago. Income before income taxes and discontinued operations was $1,651,980 against $667,066 a year ago. EBITDA was $2,922,000 against $1,906,000 a year ago. Adjusted EBITDA was $3,357,000 against $2,487,000 a year ago. Cash generation of $5,228,000 in the quarter. During the first quarter, the company had CapEx of nearly $1.1 million, related to the expansion of databases and websites.
For 2014, The company anticipates that 2014 annual revenue growth will exceed 2011 through 2013 compound annual growth rate of 12.8%. In fact, based upon most current view of the year, The company expects that revenue growth will range between 15% and 16% of sustaining an EBITDA margin of approximately 40%. The expectation of additional spending in 2014 may result in margins for future quarters being below the 40.9% 2014 first quarter Services EBITDA margin.
Reis, Inc. to Report Q1, 2014 Results on May 01, 2014
Apr 28 14
Reis, Inc. announced that they will report Q1, 2014 results at 1:30 PM, GMT Standard Time on May 01, 2014