CoStar Group announced that stockholders approved all proposals at its Annual Meeting held on June 23, 2026. The results indicated overwhelming support for all director nominees and approval of the advisory say-on-pay proposal. The voting outcomes reflect stockholder confidence in the company's strategic priorities and long-term objectives.

Andy Florance, Founder and Chief Executive Officer of CoStar Group, stated that the support demonstrates confidence in the plan to deliver revenue growth and prioritize EBITDA margin expansion. He emphasized the company's focus on investing in innovation and scaling transformative technologies such as Homes Ai and Apartments.com Ai to drive long-term growth.

Election of Directors

All eight director nominees were reelected to the Board. The voting results for each nominee are detailed below:

Executive Compensation Approval

Stockholders approved the advisory say-on-pay proposal regarding the compensation of the Company’s named executive officers. The approval followed extensive engagement with the Top 50 stockholders, representing 77% of outstanding shares. The Compensation Committee recommended and the Board approved a redesigned executive compensation program for 2026, featuring more rigorous quantitative goals and enhanced transparency.

Final voting results for all matters voted on at the Annual Meeting will be available in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission.

CoStar Group has launched Apartments.com Ai, a conversational artificial intelligence experience designed to transform how renters discover, evaluate, and lease apartments. The new tool replaces traditional search filters and keyword inputs with real-time, natural language conversations, aiming to function as a trusted rental advisor. By leveraging Apartments.com's extensive multifamily data, the platform offers personalized recommendations and guidance throughout the rental search journey.

AI-Powered Search Capabilities

Apartments.com Ai is available to every visitor on the Apartments.com platform. It understands renter preferences, answers complex questions, compares communities, and surfaces relevant recommendations. The system allows users to describe their ideal living situation in natural language, such as requesting a quiet apartment near restaurants or a pet-friendly community under a specific price range, to receive tailored suggestions.

Enhanced Property Evaluation

Beyond listing discovery, the AI assists renters in evaluating options with greater confidence. It can answer detailed questions about properties and neighborhoods, compare similar communities, and guide users through immersive Matterport 3D Tours and rich media experiences. The platform also facilitates direct contact with properties, streamlining the leasing process.

Strategic Development and Context

The development of Apartments.com Ai was informed by insights from an earlier AI-powered smart search experience and extensive consumer testing. This launch builds on CoStar Group's broader investment in artificial intelligence, following the introduction of Homes Ai earlier this year. Together, these innovations reflect CoStar's vision for a new generation of real estate experiences powered by proprietary data and advanced AI.

CoStar Group Market Position

CoStar Group's websites attracted 131 million average monthly unique visitors in the first quarter of 2026. The company's portfolio includes major brands such as CoStar, LoopNet, Apartments.com, Homes.com, and Matterport. Headquartered in Arlington, Virginia, CoStar Group continues to focus on digitizing the real estate industry through innovative technology and market intelligence.