AGB 2021.21 - CoStar Group (CSGP)

Expanding TAM within Real Estate

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CoStar Group

“We have a strong track record of buying slow-growing companies and accelerating their growth rates. Today, Apartments.com is six times the size it was when we acquired it, LoopNet is over four times, Real Estate Manager is almost six times as big, and COMPS.COM is over eight times as big. Most of these companies were growing in the low-single digits, if at all, when we acquired them, and we then accelerated them to strong, consistent double-digit growth.” – Founder and Chief Executive Officer, Andy Florance, on CoStar’s F20Q3 Earnings Call

CoStar is the leading data provider of commercial real estate information in North America. The company’s core offering, CoStar Suite, is a proprietary database that is provided to customers as a monthly or annual subscription. Customers include brokers, owners, developers, landlords, property managers, financial institutions, government agencies, etc. 

The company also o…