Douglas Elliman Lists on the NYSE Under the Ticker Symbol “DOUG”

Douglas Elliman announced that it has completed its previously announced spin-off from Vector Group Ltd. Douglas Elliman began trading on December 27 on the New York Stock Exchange under the symbol “DOUG” and has been added to the S&P SmallCap 600®.

Douglas Elliman Realty is one of the largest residential brokerage companies in the New York metropolitan area and the sixth largest in the U.S. Douglas Elliman has an established and growing presence in most major luxury markets – primarily international finance and technology hubs that are densely populated and offer housing inventory at premium pricing points. Its footprint on the Hamptons real estate market is one of the largest to the region. Douglas Elliman’s financial profile includes a strong balance sheet with $200 million of net cash and significant operating leverage.

“Today marks an exciting new chapter for Douglas Elliman,” said Howard M. Lorber, Chairman and Chief Executive Officer of Douglas Elliman. “As a standalone company, Douglas Elliman will leverage its differentiated approach, portfolio of innovative technology services and a best-in-class team of employees and agents to capitalize on growth opportunities in the highly attractive U.S. residential real estate market. We believe there is a bright future ahead for our company as a standalone entity.”

Todd Bourgard, Douglas Elliman’s Senior Executive Regional Manager of Sales for the Hamptons, and Scott Durkin, their Chief Executive Officer. James Lane Post/Ty Wenzel

“We are thrilled that Douglas Elliman has reached this milestone – one that would not be possible without the hard work and dedication of our incredible agents and employees,” said Scott Durkin, Chief Executive Officer of Douglas Elliman Realty, LLC. “As a standalone company, we look forward to building on Douglas Elliman’s leading luxury brand and longstanding tradition of excellence, while continuing to drive long-term value for stockholders.”

Douglas Elliman Inc. (NYSE: DOUG)  is one of the largest residential brokerage companies in the New York metropolitan area, which includes New York City, Long Island, Westchester, Connecticut, New Jersey and the Hamptons, and the sixth largest in the U.S., with substantial businesses in California, Colorado, Texas, Florida and Massachusetts. In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets. Additional information concerning Douglas Elliman is available on its website,

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