La Rosa Holdings Corp. acquires 100% of La Rosa Realty Beaches, enhancing growth and agent support services in real estate.
Quiver AI Summary
La Rosa Holdings Corp. has announced its acquisition of La Rosa Realty Beaches LLC, a Fort Lauderdale-based franchise, which now gives La Rosa a 100% ownership stake in the company. Realty Beaches reported approximately $2.7 million in trailing twelve-month revenues and positive net income as of November 30, 2024. The firm specializes in residential and commercial real estate brokerage services, along with agent coaching and support. CEO Joe La Rosa emphasized that this acquisition is expected to enhance revenue growth and improve operational efficiency, allowing agents to benefit from a flexible compensation structure that includes choices between revenue-sharing and flat-fee commissions. La Rosa operates a technology-integrated business model focused on empowering agents and franchisees, and currently has a presence in multiple states and Puerto Rico.
Potential Positives
- The acquisition of Realty Beaches enhances La Rosa Holdings Corp.'s operational scale and is expected to drive revenue growth and improved profit margins.
- Realty Beaches reported approximately $2.7 million in trailing twelve-month revenues with positive net income, indicating financial stability and success which can contribute to La Rosa's overall financial performance.
- The addition of over 90 agents from Realty Beaches provides La Rosa with significant growth potential in the competitive real estate market.
- La Rosa's unique compensation structure allows agents tailored options, positioning the company as an attractive choice for talent within the real estate industry.
Potential Negatives
- The press release heavily emphasizes forward-looking statements, indicating uncertainty about the company's future performance and potential risks associated with growth and acquisitions.
- The mention of various risks, including the potential impact of competitive pricing and economic conditions, raises concerns about the company's ability to maintain profitability and market position.
- The reference to the National Association of Realtors' landmark settlement suggests ongoing regulatory challenges that could affect the company's operations and business model.
FAQ
What recent acquisition did La Rosa Holdings Corp. complete?
La Rosa Holdings Corp. acquired a 100% interest in its franchisee, La Rosa Realty Beaches LLC, located in Fort Lauderdale, Florida.
What are the financial highlights of Realty Beaches?
Realty Beaches reported trailing twelve-month revenues of approximately $2.7 million and positive net income as of November 30, 2024.
How does La Rosa support its real estate agents?
La Rosa offers agents a choice between a revenue-sharing model and a flat-fee structure, providing robust support and flexibility tailored to their needs.
What services does La Rosa Realty provide?
La Rosa Realty specializes in residential and commercial real estate brokerage, coaching, and support services for agents.
Where are La Rosa Realty offices located?
La Rosa Realty has offices in Florida, California, Texas, Georgia, North Carolina, Puerto Rico, and affiliated branches across the United States.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LRHC Insider Trading Activity
$LRHC insiders have traded $LRHC stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $LRHC stock by insiders over the last 6 months:
- ALEX SANTOS (CHIEF TECHNOLOGY OFFICER) sold 9,611 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LRHC Hedge Fund Activity
We have seen 6 institutional investors add shares of $LRHC stock to their portfolio, and 4 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GEODE CAPITAL MANAGEMENT, LLC added 80,631 shares (+inf%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC removed 24,614 shares (-100.0%) from their portfolio in Q3 2024
- VIRTU FINANCIAL LLC added 15,536 shares (+inf%) to their portfolio in Q3 2024
- JANE STREET GROUP, LLC removed 6,039 shares (-37.6%) from their portfolio in Q3 2024
- MOISAND FITZGERALD TAMAYO, LLC added 1,250 shares (+166.7%) to their portfolio in Q3 2024
- UBS GROUP AG removed 1,242 shares (-100.0%) from their portfolio in Q3 2024
- ASPIRE PRIVATE CAPITAL, LLC added 200 shares (+inf%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Celebration, FL, Jan. 08, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for six agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced that it has completed an acquisition transaction and now holds a 100% interest in the Company’s franchisee- La Rosa Realty Beaches LLC (“Realty Beaches”), located in Fort Lauderdale, Florida.
Realty Beaches achieved trailing twelve-month (TTM) revenues of approx. $2.7 million and reported positive net income as of November 30, 2024. Realty Beaches specializes in a comprehensive range of residential and commercial real estate brokerage services. Additionally, it offers coaching and support services to agents on a fee basis, further enhancing their professional development and success.
Joe La Rosa, CEO of La Rosa, commented, “This acquisition is expected to fuel revenue growth and enhance margins by capitalizing on improved operating efficiencies and economies of scale as it becomes integrated into La Rosa. With a team of over 90 agents, Realty Beaches presents a substantial growth opportunity. We provide agents with a distinctive value proposition that combines flexibility, robust support, and profitability. Unlike traditional brokerages that can be burdened by high-cost structures, we empower agents with the freedom to choose between a revenue-sharing model or a 100% commission, flat-fee structure, allowing them to tailor their compensation to align with their individual business objectives. We believe that our streamlined operating model enables us to deliver exceptional value at a lower cost, positioning us as an appealing choice for agents seeking to maximize their income and advance their careers. By equipping agents with the tools, support, and flexibility they need, we aim at redefining success in the real estate industry.”
About La Rosa Holdings Corp.
La Rosa Holdings Corp. (Nasdaq: LRHC) is disrupting the real estate industry by offering agents a choice between a revenue share model or an annual fee-based model with 100% agent commissions. Leveraging its proprietary technology platform, La Rosa empowers agents and franchisees to deliver top-tier service to their clients. The Company provides both residential and commercial real estate brokerage services and offers technology-based products and services to its sales agents and franchise agents.
La Rosa's business model is structured around internal services for agents and external services for the public, including residential and commercial real estate brokerage, franchising, real estate brokerage education and coaching, and property management. The Company has 26 La Rosa Realty corporate real estate brokerage offices and branches located in Florida, California, Texas, Georgia, North Carolina and Puerto Rico. The Company also has 6 La Rosa Realty franchised real estate brokerage offices and branches and 3 affiliated real estate brokerage offices in the United States and Puerto Rico. Additionally, the Company has a full-service escrow settlement and title company in Florida.
For more information, please visit:
https://www.larosaholdings.com
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larosaholdings.com/email-alerts
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Forward-Looking Statements
This press release contains forward-looking statements regarding the Company’s current expectations that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, our ability to successfully integrate acquisitions into our business operations, customer acceptance of new services, the demand for the Company’s services and the Company’s customers' economic condition, the impact of competitive services and pricing, general economic conditions, the successful integration of the Company’s past and future acquired brokerages, the effect of the recent National Association of Realtors' landmark settlement on our business operations, and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission (the "SEC”). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and other reports and documents that we file from time to time with the SEC, including our Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024. Forward-looking statements contained in this press release are made only as of the date of this press release, and La Rosa does not undertake any responsibility to update any forward-looking statements in this release, except as may be required by applicable law. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release.
For more information, contact:
info@larosaholdings.com
Investor Relations Contact:
Crescendo Communications, LLC
David Waldman/Natalya Rudman
Tel: (212) 671-1020
Email: LRHC@crescendo-ir.com
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
