Newmark Reports Second Quarter 2024 Financial Results

Rhea-AI Summary

Newmark Group, Inc. (Nasdaq: NMRK), a leading commercial real estate advisor and service provider, has released its financial results for the second quarter of 2024. The company has reported its performance for both the three and six months ended June 30, 2024. Additionally, Newmark has declared its quarterly dividend.

Investors and interested parties can access the full financial results press release, including details about the upcoming conference call and dividend declaration, through various channels on the company's website. The complete information is available in the 'Media' section at nmrk.com, as well as in the investor relations section, where PDF versions of the press release, investor presentation, and supplemental Excel financial tables can be found.

A conference call to discuss the results is scheduled for 10:00 a.m. ET today, providing an opportunity for further insights into Newmark's financial performance and future outlook.

Positive

• Newmark has declared a quarterly dividend, indicating financial stability
• The company is hosting a conference call to discuss results, showing transparency with investors

Negative

• None.

Insights

Financial Analyst

Newmark Group's Q2 2024 financial results announcement is a important event for investors, but without specific figures, it's challenging to provide a comprehensive analysis. However, there are several key points to consider:

• As a leading commercial real estate advisor, Newmark's performance can be indicative of broader trends in the commercial real estate market. Investors should pay close attention to metrics such as revenue growth, profit margins and transaction volumes.
• The declaration of a quarterly dividend suggests some level of financial stability, but the amount and any changes from previous quarters would be more telling.
• The company's focus on serving large institutional investors and global corporations may provide insights into the health of these sectors and their real estate strategies.

Investors should carefully review the full financial results and attend the conference call for a more comprehensive understanding of Newmark's performance and outlook. Key areas to focus on include:market share trends, impact of interest rates on commercial real estate activity and any guidance on future performance. Without specific figures, it's premature to make any definitive judgments on the company's financial health or stock performance.

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

NEW YORK, Aug. 2, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today, reported its financial results for the three and six months ended June 30, 2024, and declared its quarterly dividend.

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/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. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30, 2024, Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 7,800 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.

 

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SOURCE Newmark Group, Inc.

FAQ

What are Newmark's (NMRK) Q2 2024 financial results?

Newmark Group, Inc. (NMRK) has released its Q2 2024 financial results, covering the three and six months ended June 30, 2024. However, specific financial figures are not provided in the given press release. Detailed results can be accessed through the company's website or investor relations page.

When is Newmark's (NMRK) Q2 2024 earnings conference call scheduled?

Newmark's (NMRK) Q2 2024 earnings conference call is scheduled for 10:00 a.m. ET on August 2, 2024, the same day as the financial results release.

Has Newmark (NMRK) declared a dividend for Q2 2024?

Yes, Newmark Group, Inc. (NMRK) has declared its quarterly dividend along with the release of its Q2 2024 financial results. However, the specific dividend amount is not mentioned in the given press release.

Where can investors find Newmark's (NMRK) Q2 2024 financial results and investor presentation?

Investors can access Newmark's (NMRK) Q2 2024 financial results, investor presentation, and supplemental Excel financial tables on the company's website at ir.nmrk.com or in the 'Media' section at nmrk.com.