Newmark Group

Newmark Group Inc. engages in the provision of commercial real estate services. It offers its services to commercial real estate tenants, investors, owners, occupiers, developers, leasing and corporate advisory, investment sales and real estate finance, consulting, origination and servicing of commercial mortgage loans, valuation, project and development management and property and facility management. The company was founded in 1929 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Newmark Group reports robust Q4 earnings, eyes growth opportunities

Newmark Group's Q4 2022 earnings call highlighted strong financial performance, strategic initiatives for growth, and proactive measures to address challenges. The company's leadership expressed confidence in the future outlook, emphasizing a focus on talent acquisition and market opportunities.

Newmark Group reports Q1 2023 results, focuses on global expansion

Newmark Group's Q1 2023 performance reflected short-term financial pressures from investments made for future growth, with a focus on talent acquisition and global expansion.
Despite challenges in total revenues and adjusted EBITDA, the company's strategic acquisitions and investments signal long-term growth potential and market resilience.
Opportunities lie in revenue diversification, sector-specific growth prospects, and transparent communication to enhance investor confidence and market positioning.
Navigating evolving capital markets and addressing analyst inquiries demonstrate Newmark's proactive approach towards market dynamics and strategic growth initiatives.

Newmark Group (NMRK) reports robust Q2 earnings, eyes post-pandemic growth

Newmark Group's Q2 2023 earnings call showcased strong financial performance, strategic positioning in the real estate market, and confidence in future growth. Challenges include market uncertainties and margin considerations, but opportunities for expansion and revenue growth are on the horizon.

Newmark Group excels in Q3, poised for industry outperformance

Newmark Group's Q3 2023 earnings call highlighted strong financial performance, market share gains, and growth prospects. The company's leadership expressed confidence in its ability to outperform the industry and navigate challenges effectively. With a focus on growth opportunities and strategic positioning, Newmark Group aims to sustain its positive momentum.

Newmark Group reports strong Q4 earnings, eyes growth opportunities

Newmark Group's Q4 2023 earnings call showcased robust financial performance, strong cash position, and strategic growth initiatives. While facing challenges in market uncertainties and talent recruitment, the company is well-positioned to leverage opportunities for revenue growth and market expansion in 2024.

Newmark Group reports Q1 revenue growth, eyes capital market leadership

Newmark Group showcased solid revenue growth driven by capital markets and management services.
While facing challenges in leasing revenues, the company remains focused on cost savings and growth.
Strategic initiatives and a strong financial position position Newmark well for future opportunities.
Expectations of continued earnings improvement signal a positive outlook for the company.

Newmark Group excels in Q2 2024 with strong revenue growth

Newmark Group's Q2 2024 performance showcased robust revenue growth, effective expense management, and strategic investments in key sectors. While facing challenges in expense control and debt management, the company's focus on opportunities in multifamily and debt business positions it for sustained growth. Share repurchases and optimistic outlook signal confidence in Newmark's future prospects.

Newmark Group reports robust Q3 earnings and eyes European expansion

Newmark Group's Q3 2024 earnings call showcased strong financial performance, with revenue, adjusted EPS, and EBITDA all experiencing significant growth. The company's focus on strategic growth in Europe, share buyback program, and guidance for continued revenue and earnings growth underscore its commitment to delivering value to shareholders. While facing challenges in managing expenses, Newmark Group remains well-positioned to capitalize on opportunities in the real estate market.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Newmark Group, Inc. engages in the provision of commercial real estate services. It offers its services to commercial real estate tenants, investors, owners, occupiers, developers, leasing and corporate advisory, investment sales and real estate finance, consulting, origination and servicing of commercial mortgage loans, valuation, project and development management and property and facility management. The company was founded in 1929 and is headquartered in New York, NY.

Conference call scheduled for the same day at 10:00 a.m. ET NEW YORK , April 9, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate adviser and service provider to large institutional investors, global corporations, and other owners and occupiers, today announced the details of its first quarter 2024 financial results press release and conference call.

Newmark Group's First Quarter 2024 Financial Results Announcement to be Issued Prior to Market Open on Friday, May 3, 2024

KE Holdings

Despite constrained credit availability, elevated debt costs and market caution, Zacks Real Estate Operations industry players like BEKE and NMRK gain attention for the growing trend of outsourcing real estate services and other emerging industry trends.

2 Real Estate Operations Stocks to Buy Despite Industry Woes

NEW YORK , March 28, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces industry veteran Conor Lalor has joined the firm as President, Head of Retail Capital Markets for North America. In tandem with his appointment, Newmark has also hired Kyle Minter as Senior Managing Director, working closely with Lalor to focus on retail investment sales, recapitalizations and financings across North America.

Newmark Announces Expansion of Retail Capital Markets Team; Hires Industry Expert Conor Lalor to Lead

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Newmark Group (NMRK) Right Now?

NEW YORK , March 26, 2024 /PRNewswire/ -- Newmark Group, Inc. ("Newmark"), announces that Newlitic 1 , a data visualization platform and service which integrates enterprise real estate portfolio information into a single platform for actionable decision making, has received ISO/IEC 27001 certification*, the world's globally-recognized standard for information security management systems. Newlitic, launched in 2023, is a versatile and intuitive software and service tool for corporate real estate (CRE) professionals.

Newmark's Data Visualization Technology and Service, Newlitic™, Receives ISO/IEC 27001 Certification

ExcessSpace, a Newmark Company, to Advise & Represent the Global Celebrations Leader  NEW YORK , March 14, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces that Excess Space Retail Services, Inc., a Newmark Company ("ExcessSpace"), has been retained by Party City Holdco Inc. ("PCHI") — a specialty retailer and global leader in the celebrations and party goods industry— to oversee the PCHI's site selection and lease renewal programs.  "We look forward to leveraging our history and experience in effective and diligent tenant representation to ensure that Party City is well-situated with strategically selected retail locations and favorable lease terms," said Michael Wiener , President of ExcessSpace.

ExcessSpace Retained by Party City to Execute Site Selection and Lease Renewal Programs Nationwide

NEW YORK and PARIS , March 11, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces it has established a Paris, France flagship, hiring industry veterans Francois Blin and Emmanuel Frénot to lead the team. As the latest milestone in Newmark's continued global expansion, the Paris office, which officially opens today, March 11, 2024, will initially focus on Capital Markets and Leasing and is located at 32 Boulevard Haussmann 75009 Paris in the 9th arrondissement, home to some of Paris' most iconic landmarks, including the Opera Garnier and the famous Grands Magasins.

Newmark Launches Paris Office, Bolstering Global Expansion with Key Talent Additions

Newmark Group (NMRK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Newmark Group (NMRK) Upgraded to Buy: What Does It Mean for the Stock?

NEW YORK , Feb. 28, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, is pleased to announce its selection for the distinguished 2024 Global Outsourcing 100® by the International Association of Outsourcing Professionals (IAOP®) for the 15th consecutive year. Newmark is recognized in the "Leader" category, which assesses the world's top outsourcing service providers and advisors for established global firms.

Newmark Named on IAOP's 2024 Global Outsourcing 100® for the 15th Consecutive Year

Newmark Group's recent quarterly results were largely consistent with what the market had anticipated earlier. NMRK's favorable FY 2024 guidance is justified on the basis that the recovery of the company's capital markets businesses is still in progress. I maintain a Buy rating for Newmark, as the stock has yet to fully price in the company's positive growth outlook.

Newmark Group: Recovery Is In Progress

Newmark Group, Inc. (NMRK) Q4 2023 Earnings Call Transcript

Conference Call to Discuss Results Scheduled for 10:00 a.m. ET Today NEW YORK , Feb. 22, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate service provider to large institutional investors, global corporations, and other owners and occupiers, today reported its financial results for the three months and year ended December 31, 2023.

Newmark Group Reports Fourth Quarter and Full Year 2023 Financial Results

Reshoring Momentum Seen Nationwide Could Increase the Size of the U.S. Manufacturing Base by More Than 10% Over 10 Years Related Industrial Real Estate Growth and Demand is Concentrated in the Midwestern and Southern U.S. "Forging the Future: Manufacturing Growth and Its Effects On North American Industrial Markets," Released Today HERNDON, Va. , Feb. 15, 2024 /PRNewswire/ -- A new report published by the NAIOP Research Foundation, in partnership with Newmark, examines the surge of manufacturing jobs reshoring and the impact on industrial real estate, local communities, and the broader economy.

NAIOP Research Foundation Partners With Newmark on Industrial Report: Reshoring Manufacturing Jobs Will Continue to Drive Development of Industrial Real Estate

NEW YORK , Feb. 15, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces it has hired the team formerly with Affordable Housing Advisors (AHA) – a leading brokerage team and platform previously housed out of Marcus & Millichap. The team, which will operate as Newmark Affordable Housing Advisors, or NAHA, is led by Vice Chairmen and Co-Heads of Affordable Housing, Andrew Daitch, Steven Miscavish, Seth Barnett and Matthew Kurzmann, who will tap into Newmark's extensive resources while continuing to provide expert market knowledge and advisory services to clients in the affordable housing industry.

Newmark Lands Leading National Affordable Housing Advisory Team

Featherstone brings over 19 years of finance experience, enhancing the firm's UK and European capital markets expertise and furthering Newmark's talent expansion and unification strategy NEW YORK and LONDON , Feb. 15, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, has hired Matthew Featherstone  as Head of Debt & Structured Finance for Newmark in the United Kingdom (UK) and Europe . Featherstone will work collaboratively with Newmark's UK & EMEA Capital Markets teams, including Newmark's Head of London Office Markets Tony Gibbon , Newmark's President for the UK Michael Lehrman , and John Rodgers , Head of the UK Capital Markets and Corporate Finance teams for Gerald Eve, a Newmark company.

Newmark Hires Matthew Featherstone as Head of Debt & Structured Finance for the UK and Europe

Firestone, Bringing 25 Years of Experience, Joins Newmark's Los Angeles Office, Furthering Newmark's Talent Expansion and Unification Strategy. NEW YORK , Feb. 1, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the hiring of Jonathan Firestone as Co-President, Global Debt & Structured Finance.

Newmark Expands Debt Platform in Partnership with U.S. Capital Markets Team; Industry Powerhouse Jonathan Firestone to Join and Co-Head

Conference call scheduled for the same day at 10:00 a.m. ET NEW YORK , Jan. 22, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate adviser and service provider to large institutional investors, global corporations, and other owners and occupiers, today announced the details of its fourth quarter and full year 2023 financial results press release and conference call.

Newmark Group's Fourth Quarter and Full Year 2023 Financial Results Announcement to be Issued Prior to Market Open on Thursday, February 22, 2024

NORTHBROOK, Ill. , Jan. 18, 2024 /PRNewswire/ -- Hilco Global, a privately held diversified financial services firm, announced today the appointment of Richard "Rick" Maletsky as its new Executive Vice President and General Counsel.

Accomplished Legal Executive Richard Maletsky Joins Hilco Global as Executive Vice President and General Counsel

NEW YORK , Jan. 12, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or the "Company"), today announced the closing of its offering of $600.0 million aggregate principal amount of 7.500% senior notes (the "notes"). The notes are general senior unsecured obligations of Newmark.

Newmark Completes Offering Of $600 Million Of 7.500% Senior Notes

NEW YORK , Jan. 5, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or the "Company"), today announced the pricing of its offering of $600.0 million aggregate principal amount of its 7.500% senior notes (the "notes"). The notes will be general senior unsecured obligations of Newmark.

Newmark Announces Pricing Of $600 Million of 7.500% Senior Notes

NEW YORK , Jan. 5, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or the "Company"), today announced its intention to commence an offering of senior unsecured notes, subject to market conditions and other factors. The notes are to be offered and sold in a private offering exempt from the registration requirements under the Securities Act of 1933, as amended (the "Securities Act").

Newmark Group Announces Offering Of Senior Notes

Newmark Group Inc. said Friday it arranged the sale of the 62-story Aon Center in downtown Los Angeles for $153.5 million in what the real-estate-development company described as the largest fourth-quarter deal for office space in the Western United States.

L.A. office building sells for $153.5 million — $115 million less than its sale price a decade ago

Transaction Marks Largest Q4 2023 Office Sale in Western U.S. LOS ANGELES , Dec. 29, 2023 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"1 or "the Company"), a leading commercial real estate adviser and service provider to large institutional investors, global corporations, and other owners and occupiers, announces it has arranged the sale of Aon Center, a 62-story trophy Class A office tower located in the heart of the Financial District in Downtown Los Angeles. The asset sold to Carolwood Equities for $153.5 million, marketing the largest2 Q4 2023 office sale in Western U.S.3.

Newmark Arranges Sale of 1.1-Million-Square-Foot Office Building in Downtown Los Angeles for $153.5 Million

The transactions represent the largest new industrial occupier leasing commitment completed in a single U.S. market this year1 DALLAS , Dec. 18, 2023 /PRNewswire/ -- Newmark announces that DrinkPAK, a canned beverage manufacturer headquartered in California, has closed on two industrial leases totaling 2.9 million square feet in its expansion to Fort Worth, Texas, nearly tripling the company's real estate footprint. These leases represent the largest new industrial occupier leasing commitment completed in a single market across the U.S. this year and are projected to create 1,000 full-time jobs in the area by 2026.

Newmark Represents DrinkPAK in Two New Industrial Leases in Fort Worth, Totaling 2.9 Million Square Feet

NMRK's capital markets business is poised for a meaningful recovery in view of the positive interest rate outlook. Newmark Group boasts the highest revenue contribution from capital markets businesses among its peers, making it the best proxy for a recovery in capital markets. My Buy rating for NMRK remains unchanged, given that it trades at a wide valuation discount to its real estate commercial services peers.

News for Newmark Group Stock (NMRK)