Newmark Group Reports Third Quarter 2023 Financial Results

Rhea-AI Summary

Nasdaq: NMRK - Newmark Group, Inc. Reports Q3 2023 Financial Results, Sets Conference Call

Positive

• Newmark Group, Inc. reported its Q3 2023 financial results, showcasing its performance in the commercial real estate sector.
• The company's strong performance in servicing large institutional investors and global corporations is highlighted in the press release, demonstrating its position as a leading commercial real estate adviser.
• The announcement of a conference call to discuss the results indicates transparency and commitment to shareholder engagement.

Negative

• None.

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

NEW YORK, Nov. 1, 2023 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate adviser and service provider to large institutional investors, global corporations, and other owners and occupiers today reported its financial results for the quarter ended September 30, 2023.

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 in the "Media" section 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/financials/quarterly-results/ (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. For the year ending December 31, 2022, Newmark generated revenues of approximately $2.7 billion. As of September 30, 2023, Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 7,400 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 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/newmark-group-reports-third-quarter-2023-financial-results-301974097.html

SOURCE Newmark Group, Inc.

FAQ

What is the ticker symbol of Newmark Group, Inc.?

The ticker symbol for Newmark Group, Inc. is NMRK on the Nasdaq stock exchange.

What type of clients does Newmark Group, Inc. cater to?

Newmark Group, Inc. provides services to large institutional investors, global corporations, and other owners and occupiers in the commercial real estate sector.

When is the conference call to discuss the Q3 2023 financial results scheduled?

The conference call to discuss the Q3 2023 financial results is scheduled for 10:00 a.m. ET today.

What does the press release highlight about Newmark Group, Inc.'s performance?

The press release highlights Newmark Group, Inc.'s strong performance in the commercial real estate sector, particularly in servicing large institutional investors and global corporations.