Board of Directors Authorizes $100 Million to Repurchase Shares of RealPage® Common Stock

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RICHARDSON, Texas--(BUSINESS WIRE)--RealPage, Inc. (NASDAQ:RP), a leading global provider of software and data analytics to the real estate industry, today announced that its Board of Directors has approved the repurchase of up to an aggregate of $100 million of shares of its common stock, subject to compliance with applicable law and the limitations in the Companys credit facility. “ The Board’s decision authorizing the repurchase of up to $100 million of our common stock reflects strong confidence in our strategy and long-term outlook of the business,” said Tom Ernst, CFO and Treasurer of RealPage. RealPage provides a technology platform that enables real estate owners and managers to change how people experience and use rental space. This press release contains “forward-looking” statements relating to RealPage, Inc.’s intended use of its balance sheet opportunistically in shareholder value creation pursuant to its share repurchase authorization. Additional factors that could cause or contribute to such differences include, but are not limited to, the following: (a) the possibility that general economic conditions, including leasing velocity or uncertainty, could cause information technology spending, particularly in the rental housing industry, to be reduced or purchasing decisions to be delayed; (b) an increase in insurance claims; (c) an increase in client cancellations; (d) the inability to increase sales to existing clients and to attract new clients; (e) RealPage’s failure to integrate recent or future acquired businesses successfully or to achieve expected synergies; (f) the timing and success of new product introductions by RealPage or its competitors; (g) changes in RealPage’s pricing policies or those of its competitors; (h) legal or regulatory proceedings; (i) the inability to achieve revenue growth or to enable margin expansion; (j) changes in RealPage’s estimates with respect to its long-term corporate tax rate or any other impact from the Tax Cuts and Jobs Act; and (k) such other risks and uncertainties described more fully in documents filed with or furnished to the Securities and Exchange Commission (“SEC”) by RealPage, including its Annual Report on Form 10-K previously filed with the SEC on February 27, 2019 (as amended November 5, 2019) and its Quarterly Report on Form 10-Q previously filed with the SEC on August 9, 2019 (as amended November 5, 2019).

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