CoStar Group Rises on Fortune Magazine’s 100 Fastest-Growing Companies
November 10 2020 - 5:41PM
Business Wire
Ranked 29th on the List of Top Forces Driving
the Global Economy
CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of
commercial real estate information, analytics and online
marketplaces, today announced it ranked 29th on Fortune Magazine’s
annual list of the 100 Fastest-Growing Companies. The prestigious
designation recognizes the world’s best three-year performers in
revenues, profits and stock returns.
“To receive this coveted distinction in a year where an
unprecedented pandemic sent shockwaves through the global economy
is a testament to our unwavering growth strategies, innovation and
commitment to providing our clients outstanding value,” said CoStar
Group Founder and Chief Executive Officer Andrew Florance. “This
accolade is a tremendous honor fueled by our hard work to achieve
record-breaking levels of traffic to our platforms, strong revenue
growth and strategic acquisitions.”
CoStar Group first appeared on the list in 2016, placing No. 81
out of 100 companies recognized and moved up to No. 52 in 2018.
Even with the tech sector taking a hit on the list this year,
CoStar Group’s exceptional growth propelled the company forward 23
spots to place No. 29.
As the first company to offer real estate firms comprehensive,
objective and reliable information, CoStar Group has since broken
barriers in the technology space from tools that harvest big data
and power research operations to shaping marketplaces that serve
tens of millions of people each month. In the past 33 years, CoStar
has invested over $2.5B in research and technology to consistently
elevate our value to clients, providing the tools vital to
succeeding in every aspect of their business.
To qualify for the list, publicly traded companies are ranked by
revenue growth rate, earnings per share growth rate and three-year
annualized total return for the period ended June 30, 2020.
Qualifying companies have a minimum market cap of $250 million, a
stock price of at least $5 and must have revenue and net income of
at least $50 million and $20 million, respectively, in the last
four quarters.
About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of
commercial real estate information, analytics and online
marketplaces. Founded in 1987, CoStar conducts expansive, ongoing
research to produce and maintain the largest and most comprehensive
database of commercial real estate information. Our suite of online
services enables clients to analyze, interpret and gain unmatched
insight on commercial property values, market conditions and
current availabilities. STR provides premium data benchmarking,
analytics and marketplace insights for the global hospitality
sector. Ten-X provides a leading platform for conducting commercial
real estate online auctions and negotiated bids. LoopNet is the
most heavily trafficked commercial real estate marketplace online
with over 7 million monthly unique visitors. Realla is the UK’s
most comprehensive commercial property digital marketplace.
Apartments.com, ApartmentFinder.com, ForRent.com,
ApartmentHomeLiving.com, Westside Rentals, AFTER55.com,
CorporateHousing.com, ForRentUniversity.com and Apartamentos.com
form the premier online apartment resource for renters seeking
great apartment homes and provide property managers and owners a
proven platform for marketing their properties. CoStar Group’s
websites attracted an average of approximately 69 million unique
monthly visitors in aggregate in the third quarter of 2020.
Headquartered in Washington, DC, CoStar maintains offices
throughout the U.S. and in Europe, Canada and Asia with a staff of
over 4,300 worldwide, including the industry’s largest professional
research organization. For more information, visit
www.costargroup.com.
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Matthew Blocher Vice President Corporate Marketing &
Communications (202) 346-6775 Mblocher@costargroup.com
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