CoStar Group names Alexa-Maria Rathbone Barker as head of Europe

LONDON - CoStar Group (NASDAQ:CSGP), a prominent player in the Real Estate Management & Development industry with a market capitalization of $34.3 billion, has appointed Alexa-Maria Rathbone Barker as Head of CoStar Europe, the commercial real estate information company announced Thursday in a press release.

In her expanded role, Rathbone Barker will oversee CoStar’s operations in the UK while also leading the company’s European expansion efforts, including planned product launches in France, Spain, and Germany. The expansion comes as the company maintains strong financial health, with InvestingPro data showing revenue growth of ~11% in the last twelve months and a robust current ratio of 6.01, indicating solid operational efficiency.

Rathbone Barker, who is fluent in English, French, and Spanish, joined CoStar Group three years ago as Head of European Sales, where she led sales strategy for the company’s platforms across the UK and Europe. Before joining CoStar, she spent a decade at Bloomberg in senior leadership positions focused on international growth.

"Her extensive experience, deep knowledge of the CRE landscape, and her clear understanding of our clients’ evolving needs make her the ideal choice to lead CoStar’s efforts across the UK and Europe," said Robin Rossmann, Managing Director, Europe at CoStar Group.

Her responsibilities will include deepening CoStar’s relationships with key players in the commercial real estate space, particularly among agencies, according to the company statement.

CoStar Group provides commercial real estate information, analytics, online marketplaces and 3D digital twin technology. The company’s brands include CoStar, LoopNet, Apartments.com, Homes.com, Matterport, STR, Ten-X and OnTheMarket. Trading near its 52-week high, the company maintains a strong market position with a gross profit margin of ~80%. For detailed analysis and 13 additional key insights about CoStar Group, investors can access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, CoStar Group reported strong first-quarter earnings, surpassing analysts’ expectations on both revenue and earnings per share. This performance was bolstered by the acquisition of Matterport and effective cost management strategies. Needham analysts responded by raising the price target for CoStar Group shares to $98, maintaining a Buy rating due to the company’s strategic mergers and acquisitions. Additionally, CoStar Group announced a definitive agreement to acquire Domain Holdings Australia for A$3.0 billion, which is expected to enhance its position in the Australian property market. The acquisition awaits several approvals, including from Domain shareholders and Australian regulatory bodies. In legal matters, a federal judge ruled that CREXi deliberately copied copyrighted photographs from CoStar, a decision that favors CoStar as the case moves to trial. Meanwhile, Citizens JMP initiated coverage on CoStar with a Market Outperform rating, citing the company’s potential for revenue growth and profitability expansion. BofA Securities resumed coverage with a Neutral rating, noting challenges in scaling CoStar’s residential segment profitably. These developments reflect CoStar Group’s strategic initiatives and ongoing legal proceedings.

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