Newmark Group Reports Third Quarter 2022 Financial Results

Rhea-AI Summary

Newmark Group, Inc. (Nasdaq: NMRK) reported its financial results for Q3 2022, with revenues reaching nearly $3.2 billion for the twelve months ending June 30, 2022. The company provides a comprehensive suite of services across the commercial real estate sector, operating from approximately 170 offices globally. A conference call is scheduled for 10:00 a.m. ET today to discuss these results and offer forward-looking insights. The full financial results, including dividend declaration details, are accessible on their website.

Positive

• Revenues of nearly $3.2 billion for twelve months ending June 30, 2022.
• Global operational presence with approximately 170 offices.

Negative

• None.

Conference Call to Discuss Results Scheduled for 10:00 a.m. ET Today

NEW YORK, Oct. 28, 2022 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), today reported its financial results for the quarter ended September 30, 2022.

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 of nearly $3.2 billion for the twelve months ending June 30, 2022. Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with over 6,500 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 are Newmark Group's financial results for Q3 2022?

Newmark Group reported revenues of nearly $3.2 billion for the twelve months ending June 30, 2022.

When is the conference call to discuss Newmark Group's financial results?

The conference call to discuss the financial results is scheduled for 10:00 a.m. ET today.

What is the significance of Newmark Group's revenue report?

The reported revenue indicates a strong market position and extensive service offerings in the commercial real estate sector.