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HFF in high cotton, boosted by bigger deal sizes

Apr. 28, 2016 4:36 PM ETDGA Absolute Return ETF (HF)HFBy: Stephen Alpher, SA News Editor
  • Q1 net income of $13.9M or $0.36 per share vs. $9.4M and $0.25 one year ago. Adjusted EBITDA of $24.7M up 38.6% Y/Y. Adjusted EBITDA margin of 21% up 210 basis points. Revenue of $117.53M up 24.7%.
  • Debt placement volume of $9.54B up 21.7% Y.Y. Investment sales volume of $8.2B up 46.5%. Total transaction volume of $18.7B up 31.5%. Average transaction size of $36M up 20.8%.
  • Total employment of 834 associates up 13.9% Y/Y. Transaction professionals of 303 up 5.9%.
  • Conference call at 6 ET
  • Previously: HFF beats by $0.09, beats on revenue (April 28)
  • HF flat after hours

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