SmartRent appoints Frank Martell as president and CEO

SCOTTSDALE, Ariz. - SmartRent Inc. (NYSE: SMRT) has appointed Frank Martell as President and Chief Executive Officer, effective immediately, according to a company press release.

Martell, who has been a SmartRent board member since June 2024, brings over 30 years of executive leadership experience to the rental housing technology company. He previously served as President and CEO of loanDepot, Inc., where he led the company’s strategic program during a residential property market downturn. Prior to that, he spent over a decade at CoreLogic in various leadership roles including CEO.

John Dorman, Chairman of SmartRent’s Board of Directors, cited Martell’s "combination of strategic insight, operational discipline and innovative thinking" as key strengths for increasing platform adoption and scaling the company’s impact.

SmartRent provides smart communities and operations solutions to the rental housing industry, with 15 of the top 20 multifamily operators using its technology.

Martell is a three-time HousingWire Vanguard Award recipient and has been named to Inman’s Power Players list for three consecutive years. He currently serves on the board of Compass Inc. (NYSE: COMP), a $3.2 billion market cap real estate technology company that has delivered a 71% return to investors over the past year and is forecasting 22% revenue growth. According to InvestingPro, which offers detailed analysis of over 1,400 US stocks, Compass shows promising growth potential with analysts expecting increased net income this year. Martell also serves on nonprofit boards including Operation HOPE and the Marine Corps Scholarship Foundation.

The appointment comes as SmartRent focuses on expanding its market presence and delivering value for customers and shareholders through its hardware-enabled SaaS model for rental property technology. For deeper insights into both companies’ performance metrics and growth potential, investors can access comprehensive Pro Research Reports through InvestingPro.

In other recent news, Compass Inc. reported its first-quarter 2025 earnings with a mixed financial performance. The company posted a revenue of $1.4 billion, surpassing the forecasted $1.34 billion, marking a 28.7% increase year-over-year. However, Compass faced challenges with its earnings per share (EPS), reporting a loss of $0.09 against an expected loss of $0.06. Despite the revenue beat, this EPS miss may have contributed to a negative market reaction. The company also achieved a record Q1 adjusted EBITDA of $15.6 million and generated $19.5 million in free cash flow, both significant milestones.

Additionally, UBS analysts maintained their Buy rating for Compass, citing confidence in the company’s strategic focus on enhancing inventory depth and technology integration. The analysts also highlighted Compass’s inorganic growth strategy, expecting continued consolidation in the U.S. brokerage market. The appointment of Lacey Conway as Executive Vice President of Mergers and Acquisitions was noted as a positive move in this direction. Furthermore, Compass provided Q2 revenue guidance between $2 billion and $2.15 billion, with adjusted EBITDA guidance ranging from $115 million to $135 million.

These developments reflect Compass’s robust revenue growth and strategic initiatives, while also emphasizing the challenges in achieving profitability and meeting investor expectations.

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