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Newmark Group Reports First Quarter 2021 Financial Results

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Newmark Group, Inc. (NASDAQ: NMRK) reported its financial results for Q1 2021, emphasizing its strong position in commercial real estate services. The company generated over $1.9 billion in revenue in 2020. Investors are advised to review the full press release and participate in the conference call discussing forward-looking statements and financial outlook amidst ongoing uncertainties due to the COVID-19 pandemic.

Positive
  • Generated over $1.9 billion in revenue in 2020.
  • Strong position in commercial real estate services.
Negative
  • Risks associated with COVID-19 may materially impact the company's business and outlook.

NEW YORK, May 6, 2021 /PRNewswire/ -- Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark" or "the Company"), today reported its financial results for the quarter ended March 31, 2021.

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 up 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 services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2020, Newmark generated revenues in excess of $1.9 billion. 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.

Media Contact:
Karen Laureano-Rikardsen
+1 212-829-4975

Investor Contact:
Jason Harbes, CFA
+1 212-829-7124

(PRNewsfoto/Newmark Group, Inc.)

 

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SOURCE Newmark Group, Inc.

FAQ

What were Newmark's financial results for Q1 2021?

Newmark reported its financial results for Q1 2021 on May 6, 2021.

What is Newmark's revenue for 2020?

Newmark generated over $1.9 billion in revenue in 2020.

What are the risks mentioned in Newmark's press release?

The press release highlights risks associated with COVID-19 impacting business and financial outlook.

Where can I find more information about Newmark's financial results?

Further details can be found on Newmark's investor relations webpage.

How can I participate in Newmark's financial conference call?

Details for the conference call discussing Newmark's financial outlook are included in the press release.

Newmark Group, Inc.

NASDAQ:NMRK

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