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HFF Inc. (HF) filed Quarterly Report for the period ended 2011-09-30.
Hff has a market cap of $440.9 million; its shares were traded at around $12.26 with a P/E ratio of 17.7 and P/S ratio of 3.1.
This is the annual revenues and earnings per share of HF over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of HF.
Highlight of Business Operations:
Revenues. Our total revenues were $63.9 million for the three months ended September 30, 2011 compared to $37.5 million for the same period in 2010, an increase of $26.4 million, or 70.5%. Revenues increased primarily as a result of a 95.9% increase in production volumes in all of our capital markets services platforms.Total Operating Expenses. Our total operating expenses were $50.0 million for the three months ended September 30, 2011 compared to $31.6 million for the same period in 2010, an increase of $18.4 million, or 58.3%. Expenses increased primarily due to increased cost of services and increased personnel costs resulting primarily from an increase in capital markets services revenue.
The cost of services for the three months ended September 30, 2011 increased $15.2 million, or 71.8%, to $36.3 million from $21.1 million for the same period in 2010. The increase is primarily the result of the increase in commissions and other incentive compensation directly related to the increase in capital markets services revenues. Also contributing to the increase in cost of services are higher salary costs from increased headcount to support the increase in production volume, reinstatement of the Company 401k match in September 2010 and the reinstatement of the office head salaries in October 2010. Cost of services as a percentage of capital markets services revenues was approximately 57.7% and 57.4% for the three month periods ended September 30, 2011 and September 30, 2010, respectively.
Revenues. Our total revenues were $178.7 million for the nine months ended September 30, 2011 compared to $91.0 million for the same period in 2010, an increase of $87.7 million, or 96.3%. Revenues increased primarily as a result of a 91.3% increase in production volumes in all of our capital markets services platforms.
The cost of services for the nine months ended September 30, 2011 increased $49.7 million, or 95.5%, to $101.8 million from $52.1 million for the same period in 2010. The increase is primarily the result of the increase in commissions and other incentive compensation directly related to the increase in capital markets services revenues. Also contributing to the increase in cost of services are higher salary, payroll taxes and medical costs from increased headcount to support the increase in production volume, reinstatement of the Company 401k match in September 2010 and the reinstatement of the office head salaries in October 2010. Cost of services as a percentage of capital markets services revenues was approximately 58.0% and 58.4% for the nine month periods ended September 30, 2011 and September 30, 2010, respectively.
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