Newmark Group, Inc. (NMRK)
| Market Cap | 3.16B |
| Revenue (ttm) | 2.61B |
| Net Income (ttm) | 52.37M |
| Shares Out | 242.71M |
| EPS (ttm) | 0.30 |
| PE Ratio | 42.98 |
| Forward PE | 9.86 |
| Dividend | $0.12 (0.92%) |
| Ex-Dividend Date | Nov 21, 2024 |
| Volume | 1,708,086 |
| Open | 12.65 |
| Previous Close | 12.79 |
| Day's Range | 12.58 - 13.09 |
| 52-Week Range | 9.22 - 16.10 |
| Beta | 1.97 |
| Analysts | Buy |
| Price Target | 17.50 (+34.41%) |
| Earnings Date | Nov 5, 2024 |
About NMRK
Newmark Group, Inc. provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising mult... [Read more]
Financial Performance
In 2023, Newmark Group's revenue was $2.47 billion, a decrease of -8.69% compared to the previous year's $2.71 billion. Earnings were $42.58 million, a decrease of -48.87%.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for NMRK stock is "Buy." The 12-month stock price forecast is $17.5, which is an increase of 34.41% from the latest price.
News
Newmark Arranges $600 Million Construction Financing for 50 MW Build-to-Suit Data Center for Blue Owl, Chirisa and PowerHouse
NEW YORK , Dec. 13, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors...
Newmark Arranges $400 Million Financing Facility for PORT 32 Marinas
NEW YORK , Dec. 12, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors...
Newmark Arranges $525 Million Refinancing for Flexible Living Apartment Portfolio Operated by Sentral
First-of-its-kind single-asset, single-borrower ("SASB") transaction validates flexible apartment properties as an institutional asset class LOS ANGELES , Dec. 11, 2024 /PRNewswire/ -- Newmark Group, ...
Newmark Named Best Real Estate Consultant by Euromoney
Global Win Among Four Honors Worldwide NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service pr...
Newmark Arranges $1.75 Billion Refinancing for Two of Fontainebleau Development's Award-Winning Florida Resorts
NEW YORK , Dec. 9, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors,...
Newmark's Executive Chairman Howard W. Lutnick Nominated for U.S. Secretary of Commerce
NEW YORK , Nov. 21, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark") Executive Chairman Howard W. Lutnick provided the following statement: "I am deeply honored to have been nominat...
Newmark Facilitates Sale of 427,799-SF Office Campus in Dallas' Sought-After Preston Center Submarket
Transaction Marks Largest Office Sale1 in Texas in 2024 DALLAS , Nov. 21, 2024 /PRNewswire/ -- Newmark announces it has arranged the sale of Preston Commons , a three-building, 427,799-square-foot off...
Newmark Advises URW in €172.5 Million Office Sale
PARIS , Nov. 13, 2024 /PRNewswire/ -- Newmark announces the firm has advised Unibail-Rodamco-Westfield (URW) in the €172.5 million sale of the 140,846 square-foot (13,085 square-meter) office portion ...
Newmark Group: Beat-And-Raise Q3 Supports A Buy
NMRK's normalized EPS rose by +22% YoY in Q3 2024, and this was equivalent to a +11% bottom-line beat. Newmark lifted its full-year revenue and earnings guidance, and the market sees NMRK expanding it...
Newmark Advises on Sale of Iconic W Hotel South Beach
Sale Marks Largest Miami Hotel Transaction This Year NEW YORK , Nov. 5, 2024 /PRNewswire/ -- Newmark announces the more than $400 million sale of the 20-story oceanfront W Hotel South Beach in Miami, ...
Newmark Group, Inc. (NMRK) Q3 2024 Earnings Call Transcript
Newmark Group, Inc. (NASDAQ:NMRK) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Jason McGruder - Head of Investor Relations Barry Gosin - Chief Executive Officer ...
Newmark Reports Third Quarter 2024 Financial Results
Conference Call to Discuss Results Scheduled for 10:00 a.m. ET Today NEW YORK , Nov. 5, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real ...
Newmark Arranges $315 Million Refinancing for National Self-Storage Portfolio
NEW YORK , Nov. 4, 2024 /PRNewswire/ -- Newmark announces it has arranged a $315 million loan on behalf of TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, and An...
Newmark Advises on $162 Million Sale of The Plaza at Walnut Creek
The Sale Represents the Largest Multi-Tenant Trophy Office Sale on the West Coast Since 20221 SAN FRANCISCO , Oct. 23, 2024 /PRNewswire/ -- Newmark2 announces the firm advised on the sale of The Plaza...
Newmark Advises on $3.4 Billion Joint Venture on One Million-Square-Foot Texas Data Center
NEW YORK , Oct. 17, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors...
Newmark Group's Third Quarter 2024 Financial Results Announcement to be Issued Prior to Market Open on Tuesday, November 5, 2024
Conference call scheduled for the same day at 10:00 a.m. ET NEW YORK , Oct. 9, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate a...
Newmark Expands Germany Presence, Naming Top Industry Leader Marcus Lütgering as Country Head to Drive Growth and Strategy
NEW YORK and MUNICH , Oct. 7, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to large institutional investors, globa...
Boston-Based Developer Announces Completion of Phase I at World-Class Advanced Manufacturing Campus 44 Middlesex
Ownership to unveil design concept for second building, commencing Phase II in 2025. BOSTON , Oct. 1, 2024 /PRNewswire/ -- Camber Development and Wheelock Street Capital announce the completion of Pha...
Newmark Advises on $5 Billion Joint Venture Partnership to Develop AI/High-Power Computer (HPC) Data Centers Across the U.S.
The Partnership is Between Blue Owl, Chirisa Technology Parks and PowerHouse Data Centers NEW YORK , Sept. 9, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a le...
Newmark Serves as Strategic Advisor for The Hampshire Companies on a $300M Recapitalization of the Fairfalls Logistics Portfolio
RUTHERFORD, N.J. , Aug. 28, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional i...
Newmark Secures $985 Million Financing on Behalf of 80 Clarkson Developers in New York City
NEW YORK , Aug. 22, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors...
Newmark Arranges $300M Joint Venture Between Catalyst and Heitman
PHILADELPHIA , Aug. 8, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional invest...
Newmark Group: Stock Is Undervalued Considering Its EBITDA Outlook
Newmark is awarded a Buy rating for its EV/EBITDA multiple expansion potential. NMRK registered a +8.2% earnings beat in Q2 2024, and its management outlook implies a potential EBITDA CAGR of +17.1% f...
Newmark Group, Inc. (NMRK) Q2 2024 Earnings Call Transcript
Newmark Group, Inc. (NASDAQ:NMRK) Q2 2024 Earnings Call Transcript August 2, 2024 10:00 AM ET Company Participants Jason McGruder - Head of IR Barry Gosin - CEO Mike Rispoli - CFO Luis Alvarado - CRO...
Newmark Reports Second Quarter 2024 Financial Results
Conference Call to Discuss Results Scheduled for 10:00 a.m. ET Today NEW YORK , Aug. 2, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real ...