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Basil Witte

Vice President and equity research analyst at Deutsche Bank

Basil Witte is a Vice President and equity research analyst at Deutsche Bank, specializing in European industrials with a particular focus on the machinery and automation sectors. He covers major companies such as Siemens, ABB, and Schneider Electric, and has been recognized for his in-depth sector knowledge and high-quality research reports. Witte began his career in financial analysis in the mid-2010s and joined Deutsche Bank in 2017 after holding analyst positions at several investment firms. He holds a CFA charter and is registered with FINRA, reflecting his strong professional credentials and dedication to industry standards.

Basil Witte's questions to COSTAR GROUP (CSGP) leadership

Question · Q3 2025

Basil Witte asked about the expected timeframe and the necessary conditions for the residential business to achieve a 40% profitability or margin target.

Answer

CEO Andy Florance explained that the residential business, encompassing Domain, OnTheMarket, Homes.com, and Apartments.com, operates on a uniform model of marketing real estate. He cited global precedents with 50-75% margins, indicating that achieving 40% is a goal through 'continued blocking and tackling over the next number of years,' without a specific date, and expressed satisfaction with the current EBITDA margin progression.

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