Newmark Group Reports Fourth Quarter and Full Year 2020 Financial Results
Newmark Group, Inc. (NASDAQ: NMRK) has released its financial results for Q4 and FY 2020, reporting revenues exceeding $1.9 billion. The company continues to position itself as a leader in commercial real estate services, offering tailored solutions to various clients globally. The financial report includes insights into the impact of the COVID-19 pandemic on operations and forecasts, emphasizing the uncertain business environment. Newmark is focused on leveraging data-driven strategies to enhance service delivery as it navigates through economic challenges.
- Generated revenues over $1.9 billion in 2020.
- Maintains strong market position in commercial real estate services.
- Uncertainty related to the impact of COVID-19 on business operations and financial outlook.
NEW YORK, Feb. 18, 2021 /PRNewswire/ -- Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark" or "the Company"), today reported its financial results for the quarter and year ended December 31, 2020.
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
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
View original content to download multimedia:http://www.prnewswire.com/news-releases/newmark-group-reports-fourth-quarter-and-full-year-2020-financial-results-301230902.html
SOURCE Newmark Group, Inc.
FAQ
What were Newmark's financial results for Q4 2020?
How did COVID-19 affect Newmark's business in 2020?
What is Newmark's stock symbol?
What is Newmark's market position in commercial real estate?
When was Newmark's financial results press release issued?
