Item 2.02 Results of Operations and Financial Condition.

(d) On May 8, 2009, Reis, Inc. (the "Company") issued a press release (the "Earnings Release") regarding its financial results for the first quarter of 2009. On May 8, 2009, the Company held a conference call relating to these financial results. Pursuant to General Instruction F to Form 8-K, copies of the Earnings Release and the transcript from the conference call (the "Transcript") are attached hereto as Exhibits 99.1 and 99.2, respectively, and are incorporated into this Item 2.02 by this reference.

The Earnings Release and the Transcript include disclosure of non-GAAP financial measures. In the Management's Discussion and Analysis of Financial Condition and Results of Operations section of the Company's First Quarter 2009 Report on Form 10-Q filed with the Securities and Exchange Commission on May 8, 2009, as well as in the Earnings Release (both of which are available at the Investor Relations portion of the Company's website at www.reis.com), the Company includes cautionary language about the use of EBITDA and Adjusted EBITDA as non-GAAP measures and presents reconciliations of net income to EBITDA and Adjusted EBITDA for the periods discussed therein.

The information contained in this Item 2.02, including the related information set forth in the Earnings Release and the Transcript, is being "furnished" and shall not be deemed "filed" for the purposes of
Section 18 of the Securities Exchange Act of 1934 or otherwise. The information in this Item 2.02 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or into any filing or other document pursuant to the Securities Exchange Act of 1934, as amended, except as otherwise expressly stated in any such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release Dated May 8, 2009.
99.2 Transcript of May 8, 2009 Conference Call.

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