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RealPage Brings New Version of Property Management Platform

Zacks

RealPage RP recently announced that it is releasing RealPage Commercial Property Management 5.0, a new version of its platform that provides property management software and related data analytics solutions.

The new version will have “additional applications and services” aimed at “mid-market owners and managers with commercial office, industrial and retail assets.”

Among the new additions, management is particularly optimistic about the incorporation of Smart Source Accounting. This will aid in outsourcing services related to accounting and lease administration.

The release of the new version is expected to accelerate the adoption of the company’s platform, thereby boosting the company’s top line further going ahead. Notably, for the quarter ended June 2018, the company posted revenues of $216.36 million, surpassing the year-ago revenues of $162.25 million.

RealPage, Inc. Revenue (TTM)

RealPage, Inc. Revenue (TTM) | RealPage, Inc. Quote


RealPage’s Recent Gambits

Apart from focusing on organic improvements, RealPage is also focusing on acquisitions.

Most recently, the company completed its previously announced acquisition of LeaseLabs, a provider of marketing services. The talent pool of the target will also be absorbed by RealPage.

It had earlier acquired companies like Axiometrics, American Utility Management, On-Site Manager and ClickPay among others. LeaseLabs is its sixth inorganic addition since Jan 2017.

The addition of LeaseLabs is expected to enhance RealPage’s marketing services segment with marketing analytic services and direct marketing services among others.

These initiatives are in turn anticipated to improve the company’s overall financials in the long run. Notably, the Zacks Consensus Estimate for the current quarter is 35 cents per share on $221.12 million in revenues while that for the current fiscal is $1.46 per share on $870.24 million in revenues.

It will be interesting to check if these recent developments aid this Zacks Rank #3 (Hold) stock in surpassing the consensus estimate in the current quarter.

Stocks to Consider

A few better-ranked stocks in the technology sector include Apple AAPL, Microsoft MSFT and Amazon.com, Inc. AMZN. While Apple sports a Zacks Rank #1 (Strong Buy), Amazon and Microsoft carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The long-term earnings growth rate for Microsoft, Amazon and Apple is 12.3%, 27% and 9.7%, respectively.

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