Newmark Group Reports Second Quarter 2021 Financial Results

Rhea-AI Summary

Newmark Group, Inc. (NASDAQ: NMRK) reported its financial results for Q2 2021, highlighting revenues exceeding $1.9 billion for 2020. The company continues to navigate the real estate sector's challenges, particularly posed by the COVID-19 pandemic. Newmark operates globally with about 490 offices and 19,300 professionals, providing a comprehensive suite of real estate services. Forward-looking statements indicate potential risks and uncertainties that may impact financial performance. The complete financial results will be discussed during a scheduled conference call.

Positive

• Generated revenues exceeding $1.9 billion in 2020.
• Operates globally from approximately 490 offices with 19,300 professionals.

Negative

• Risks related to the COVID-19 pandemic may negatively impact business outcomes.

NEW YORK, Aug. 6, 2021 /PRNewswire/ -- Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark" or "the Company"), today reported its financial results for the quarter ended June 30, 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, seamlessly powering every phase of the property life cycle. Our comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, growing startups to leading companies. In 2020, Newmark generated revenues in excess of $1.9 billion. Newmark, together with London-based partner Knight Frank and independently owned licensees, operates globally from approximately 490 offices with 19,300 professionals. 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:
Investor Hotline
+1 212-829-7124

 

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SOURCE Newmark Group, Inc.

FAQ

What were Newmark's financial results for Q2 2021?

Newmark reported revenues exceeding $1.9 billion for 2020.

How many offices does Newmark operate?

Newmark operates approximately 490 offices globally.

What risks does Newmark face related to COVID-19?

Newmark faces risks that could materially impact its business, results, and financial outlook.

When is Newmark's financial results conference call?

The conference call discussing financial results is scheduled for today.