BENCHMARKS REPORT

Industry Measure: Company Level Data
| SIC: | 6531 |
| INDUSTRY: | REAL ESTATE AGENTS & MGRS |
| BENCHMARKS FOR THE INDUSTRY |
| NO. OF SEGMENTS REPORTING IN THE INDUSTRY: 15 |
|
1997 SALES FOR THE INDUSTRY: $ 2426 (Total Sales in $Millions) |
|
OPERATING MARGIN: 8.8 (EBIT (divided by) Sales) |
|
CAPITAL INTENSITY: 67.1 (Sum of Total Debt plus Shareholder Equity (divided by) Sales) |
|
SALES GROWTH: 23.5 (Compound 3-Year Growth Rate in Sales for the Median Participant in the Industry) |
| BENCHMARKS FOR THE TOP FOUR COMPETITORS |
| ROE: Net Profits (divided by) Total Shareholder Equity RONCE: EBIT (divided by) Sum of Total Debt plus Shareholders' Equity |
| Competitor/Rank by Sales |
Market Share (% Ind. Sales) |
ROE | RONCE |
| #1: CB RICHARD ELLIS SVCS |
30.1 | 13.5 | 19.8 |
| #2: INSIGNIA FINL GROUP -CL A |
16.5 | 4.3 | 6.8 |
| #3: TRAMMELL CROW COMPANY |
12.9 | -10.2 | -3.8 |
| #4: GRUBB & ELLIS CO |
9.4 | 94.4 | 94.7 |
| Total of #1-4: | 68.9 | 7.6 | 13.1 |