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Realogy reports financial results for 2013

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Madison-based real estate company Realogy Holdings Corp. reported Tuesday financial results for the year ending Dec. 31, 2013, including the following highlights:

According to the report, Realogy’s net revenue for 2013 was $5.3 billion, a 13 percent increase from 2012.  Net income was $438 million, including an income tax benefit of $242 million.

“Realogy posted strong revenue and Adjusted EBITDA gains in 2013,” said Realogy president and CEO Richard A. Smith. “This past year, we continued to position the company for growth by adding franchisees to our brands and closing and successfully integrating accretive acquisitions, while closely managing operating expenses and reducing our debt by approximately $460 million.”

For a more in-depth look into Realogy’s year, click here.

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Emily Bader

Emily Bader

Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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