Newmark Group, Inc. Reports First Quarter 2022 Financial Results

Rhea-AI Summary

Newmark Group, Inc. (Nasdaq: NMRK) announced its financial results for Q1 2022, reporting nearly $3.1 billion in revenue for the twelve months ending March 31, 2022. A conference call to discuss these results is scheduled for 10:00 a.m. ET today. The company emphasizes its role in commercial real estate across various sectors, serving clients globally with approximately 170 offices and 6,300 professionals. Newmark warns of uncertainties related to the ongoing impacts of the COVID-19 pandemic, which may affect future financial outcomes.

Positive

• Generated nearly $3.1 billion in revenue for the twelve months ending March 31, 2022.
• Operates approximately 170 offices with 6,300 professionals globally.

Negative

• Potential risks from the COVID-19 pandemic may materially affect financial outlook.

Conference Call to Discuss Results Scheduled for 10:00 a.m. ET Today

NEW YORK, April 29, 2022 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading full-service commercial real estate business, today reported its financial results for the quarter ended March 31, 2022.

A complete and full-text financial results press release, including information about today's financial results conference call and Newmark's dividend declaration, is accessible using either the "About" or "Media" tabs at https://nmrk.com. It is also available directly at any of the following web pages:

https://ir.nmrk.com (PDF version of the full press release, PDF of a quarterly results investor presentation, and supplemental Excel financial tables)

https://ir.nmrk.com/investors/news-releases/financial-and-corporate-releases (Links to the PDF version of the full press release, PDF of a quarterly results investor presentation, and to Excel financial tables)

https://nmrk.com/media (PDF version of the full release only)

Note: If clicking on the above links does not open a new web page, you may need to cut and paste the above URLs into your browser's address bar.

Today's conference call is expected to contain forward-looking statements with respect to the Company's financial outlook.

ABOUT NEWMARK
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of nearly $3.1 billion for the twelve months ending March 31, 2022. Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 6,300 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

DISCUSSION OF FORWARD-LOOKING STATEMENTS ABOUT NEWMARK
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

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SOURCE Newmark Group, Inc.

FAQ

What are the Q1 2022 financial results for Newmark Group (NMRK)?

Newmark Group reported nearly $3.1 billion in revenue for the twelve months ending March 31, 2022.

When is the conference call to discuss Newmark's financial results?

The conference call is scheduled for 10:00 a.m. ET on April 29, 2022.

What challenges does Newmark Group face according to the Q1 2022 report?

Newmark Group highlighted uncertainties related to the ongoing impacts of the COVID-19 pandemic as a challenge affecting its financial outlook.