Newmark Group Reports Third Quarter 2021 Financial Results

Rhea-AI Summary

Newmark Group, Inc. (NASDAQ: NMRK) reported its financial results for Q3 2021, with revenues exceeding $2.5 billion for the trailing twelve months ending September 30, 2021. The company is a leader in commercial real estate, operating over 160 offices globally with around 6,200 professionals. A conference call is scheduled to discuss forward-looking statements regarding the company's financial outlook. For more details, the complete press release is available online.

Positive

• Generated revenues exceeding $2.5 billion for the trailing twelve months ending September 30, 2021.

Negative

• None.

NEW YORK, Nov. 5, 2021 /PRNewswire/ -- Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark" or "the Company"), today reported its financial results for the quarter ended September 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. 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 $2.5 billion for the trailing twelve months ending September 30, 2021. Newmark's company-owned offices, together with its business partners, operate from over 160 offices with approximately 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.

Media Contact:

Karen Laureano-Rikardsen
+1 212-829-4975

Investor Contact:

Jason McGruder
+1 212-829-7124

 

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SOURCE Newmark Group, Inc.

FAQ

What financial results did Newmark (NMRK) report for Q3 2021?

Newmark reported revenues exceeding $2.5 billion for the trailing twelve months ending September 30, 2021.

What is the significance of Newmark's revenue exceeding $2.5 billion?

The revenue figure highlights Newmark's strong position as a leader in commercial real estate.

When will Newmark discuss its financial outlook?

Newmark will discuss its financial outlook during an upcoming conference call linked to its Q3 2021 results.