Newmark Group Reports Fourth Quarter and Full Year 2021 Financial Results

Rhea-AI Summary

Newmark Group, Inc. (Nasdaq: NMRK) reported its financial results for the year and quarter ended December 31, 2021. The company generated revenues exceeding $2.9 billion for the year. Newmark operates approximately 160 offices worldwide, supported by over 6,200 professionals. The press release highlights the risks associated with forward-looking statements, particularly regarding the impact of COVID-19 on business operations and outlook. A complete financial results document is available on their investor relations page.

Positive

• Generated over $2.9 billion in revenues for the year ended December 31, 2021.
• Operates approximately 160 offices with over 6,200 professionals globally.

Negative

• Risks related to forward-looking statements concerning COVID-19 impact on business.

NEW YORK, Feb. 11, 2022 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), today reported its financial results for the quarter and year ended December 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 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 in excess of $2.9 billion for the year ended December 31, 2021. Newmark's company-owned offices, together with its business partners, operate from approximately 160 offices with over 6,200 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 were Newmark Group's financial results for the fourth quarter and full year 2021?

Newmark Group reported revenues exceeding $2.9 billion for the year ended December 31, 2021.

How many offices does Newmark Group operate worldwide?

Newmark Group operates approximately 160 offices globally.

What risks does Newmark Group mention regarding forward-looking statements?

The company highlights risks related to the impact of COVID-19 on its business and financial outlook.

When was Newmark Group's financial results press release issued?

The press release was issued on February 11, 2022.