TIP809: The Real Estate Data Empire Making a $5 Billion Bet: CoStar Group w/ Shawn O'Malley & Daniel Mahncke
Listen to the original audio · Transcribed with NVIDIA Parakeet · Why times can differ in your player
You're listening to TIP. Think about every commercial building in America, every office tower, every strip mall, every apartment complex, every warehouse. Now imagine that for 40 years, there's one company that has had people physically visiting each one of those properties, recording what they see, photographing the buildings. in compiling the most comprehensive database to digitalize commercial real estate in the world. That actually sounds incredibly boring, but also incredibly valuable.
It's both. It's so boring that most investors have probably never heard of CoStar Group, and yet it's a company that just reported its 59th consecutive quarter of double-digit revenue growth through COVID and through the 2022 rate hike cycle that crushed commercial real estate in transaction volumes. Despite that extraordinary track record though, the stock has gone basically nowhere for five years, while the S<unk>P is up close to 100%. Since 2014, with more than 200 million downloads, we have interviewed the world's best investors, studied deeply the principles of value investing,
And uncovered many compelling investment opportunities. We focus on understanding businesses and intrinsic value, investing accordingly, and sharing everything we learn with you. This show is not investment advice, it's intended for informational and entertainment purposes only. All opinions expressed by hosts and guests are solely their own, and they may have investments in the securities discussed. Now for your hosts, Sean O'Malley and Daniel Manka.
We already have this episode, so unlocking it is cheap and permanent: the full transcript (101 minutes, 18,797 words), segment and word-level timestamps, and .txt, .srt, .vtt and word-level JSON downloads, as many times as you like, forever.
No account needed, we create one from your checkout email. With credits it is 1 credit; packs start at 5 episodes for $3.49, and monthly plans are cheaper still.