EXCLUSIVE: La Rosa Acquires Majority Stake In Fourth Real Estate Brokerage Franchisee
Portfolio Pulse from Vandana Singh
La Rosa Holdings Corp (NASDAQ:LRHC) has acquired a 51% stake in La Rosa Realty Premier, a franchisee in Orlando, Florida. This follows their recent 100% acquisition of another franchisee, La Rosa Realty CW Properties. Realty Premier had a revenue of $2.7 million with positive net income in 2022. The company aims for a $100 million annual revenue run rate by end of 2024 and is looking to acquire eight more franchises in the next 6-8 months, along with other real estate sector acquisitions. LRHC shares dropped 2.56% in premarket trading.
December 20, 2023 | 1:46 pm
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NEGATIVE IMPACT
La Rosa Holdings Corp acquired a majority stake in La Rosa Realty Premier and aims for significant revenue growth by 2024, but shares fell 2.56% premarket.
The acquisition of a majority stake in Realty Premier is a strategic move for La Rosa Holdings, indicating growth and expansion. However, the immediate market reaction was negative, with a 2.56% drop in premarket trading. This suggests that investors may have concerns about the acquisition or its terms, or there may be broader market conditions affecting the stock. The company's ambitious revenue target and plans for further acquisitions could be positive in the long term, but the short-term impact appears negative.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100