HFF Announces Record Transaction Volume of $96 Billion During 2017
January 12 2018 - 4:15PM
Business Wire
HFF, Inc. (NYSE:HF) announced today the year-end unaudited 2017
transaction volume of HFF, Inc.’s (the “Company’s”) operating
partnerships (which consist of Holliday Fenoglio Fowler, L.P. and
HFF Real Estate Limited (collectively, “HFF”), HFF Securities, L.P.
and HFF Securities Limited (collectively, “HFFS”)).
The Company reported record results for its transaction volume,
which it estimates at approximately $96 billion on 2,355
transactions across the Company’s debt placement, investment
advisory, equity placement and loan sales capital markets
platforms. This figure excludes transaction volume relating to
HFFS’s advisory and consulting assignments, which are not reported
due to the complexity of reporting such volume as disclosed in the
Company’s previous filings with the Securities and Exchange
Commission. HFF’s 2017 annual transaction volume represents a gain
of 17.0% over the $82 billion transaction volume closed in 2016.
The number of transactions HFF closed in 2017 – approximately 2,355
– represents an increase of 154 transactions or 7.0% from the 2016
figure of 2,201.
HFF’s debt placement volume in 2017 is estimated to be
approximately $51.6 billion compared to $40.6 billion in 2016,
which represents an approximate 27% increase.
HFF’s combined investment advisory, equity placement, and loan
sales volume is estimated to be approximately $44.3 billion
compared to $41.4 billion in 2016, which represents an approximate
7.2% increase over 2016.
HFF’s commercial loan servicing portfolio balance is estimated
to be approximately $69.8 billion on 3,066 loans serviced as of
December 31, 2017, which represents an approximate 20.5% increase
from the year-end 2016 portfolio balance of $58.0 billion on 2,807
loans serviced.
The amount of active private equity discretionary fund
transactions on which HFFS has been engaged and may recognize
additional future revenue was approximately $1.82 billion at
year-end 2017, down from the 2016 year-end volume of $2.8
billion.
This press release outlines the Company’s production volume
totals, which are calculated from an internal database and have not
been audited. Note that these amounts may be adjusted as the
Company completes its review and audit of its fourth quarter and
year-end results for 2017. No inferences about the Company’s fourth
quarter 2017 earnings should be made from this announcement of
transaction volume. The Company’s earnings for fourth quarter 2017
are currently scheduled to be publicly released in late February
2018. The Company has elected to release its production volumes at
this time in order for HFF and HFFS to participate in several
industry surveys which are important to their respective
businesses.
Business Comments
“We believe the above results are due to the incredibly talented
individuals comprising the HFF Team, whose exceptional work ethic,
tremendous competency in the real estate capital markets industry
and unwavering passion to be the very best in their chosen
profession continue to be rewarded by the largest owners of
commercial real estate assets in the U.S.,” said Mark D. Gibson,
the Company’s chief executive officer.
About HFF, Inc.
Through its subsidiaries, Holliday Fenoglio Fowler, L.P., HFF
Real Estate Limited, HFF Securities L.P. and HFF Securities
Limited, HFF operates out of 25 offices and is one of the leading
and largest full-service commercial real estate financial
intermediaries, providing commercial real estate and capital
markets services to both the consumers and providers of capital in
the commercial real estate sector. The Company offers clients a
fully-integrated capital markets platform including debt placement,
investment advisory, equity placement, funds marketing, M&A and
corporate advisory, loan sales and commercial loan servicing.
Certain statements in this press release are “forward-looking
statements” within the meaning of the federal securities laws.
Statements about our beliefs and expectations and statements
containing the words “may,” “could,” “would,” “should,” “believe,”
“expect,” “anticipate,” “plan,” “estimate,” “target,” “project,”
“intend” and similar expressions constitute forward-looking
statements. These forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the
Company’s actual results and performance in future periods to be
materially different from any future results or performance
suggested in forward-looking statements in this press release.
Investors, potential investors and other readers are urged to
consider these factors carefully in evaluating the forward-looking
statements and are cautioned not to place undue reliance on such
forward-looking statements. Any forward-looking statements speak
only as of the date of this press release and, except to the extent
required by applicable securities laws, the Company expressly
disclaims any obligation to update or revise any of them to reflect
actual results, any changes in expectations or any change in
events. If the Company does update one or more forward-looking
statements, no inference should be drawn that it will make
additional updates with respect to those or other forward-looking
statements. Factors that could cause results to differ materially
include, but are not limited to: (1) general economic conditions
and commercial real estate market conditions, including the recent
conditions in the global markets and, in particular, the U.S. debt
markets; (2) the Company’s ability to retain and attract
transaction professionals; (3) the Company’s ability to retain its
business philosophy and partnership culture; (4) competitive
pressures; (5) the Company’s ability to integrate and sustain its
growth; and (6) other factors discussed in the Company’s public
filings, including the risk factors included in the Company’s most
recent Annual Report on Form 10-K.
Additional information concerning factors that may influence
HFF, Inc.'s financial information is discussed under "Management's
Discussion and Analysis of Financial Condition and Results of
Operations," "Quantitative and Qualitative Disclosures About Market
Risk" and "Forward-Looking Statements" in the Company’s most recent
Annual Report on Form 10-K, as well as in the Company's press
releases and other periodic filings with the Securities and
Exchange Commission. Such information and filings are available
publicly and may be obtained from the Company's web site at
www.hfflp.com or upon request from the HFF, Inc. Investor Relations
Department at investorrelations@hfflp.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180112005616/en/
HFF, Inc.GREGORY R. CONLEY, 412-281-8714Chief
Financial Officergconley@hfflp.comorMYRA F. MOREN,
713-852-3500Managing Director, Investor
Relationsmmoren@hfflp.com
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