The newly public Douglas Elliman had a very good 2021.
Per SEC filings, first reported by the Real Deal, Elliman claimed a record $51.2 billion in sales last year—easily surpassing 2020’s $29.1 billion in sales.
Additionally, the brokerage also closed a record 32,405 transactions for the year, setting a new record over the 23,479 transactions in 2019.
Following a somewhat slow start to last year, in which the brokerage closed 7,094 deals totaling $10.1 billion in sales, Elliman surpassed 8,000 transactions in each of the remaining quarters of 2021.
As we previously reported, the brokerage formally spun off from parent company Vector Group in December as Douglas Elliman prepared to go public. The stock, trading as “DOUG,” opened at $10/share. As of market open on February 10, “DOUG” was trading at $7.16.