Newmark Acts as Strategic Advisor for One Beverly Hills, an Ultra-Luxury Mixed-Use Development in Beverly Hills, CA Accessibility StatementSkip Navigation Transaction Includes Largest Non-Data Center Construction Loan in U.S. History1 NEW YORK and LOS ANGELES, March 25, 2026 /PRNewswire/ -- Newmark announces the Company acted as strategic advisor on behalf of Cain, the real estate asset manager led and co-founded by Jonathan Goldstein in partnership with Eldridge Industries, delivering a fully integrated ca ...

Shares of Newmark Group (NMRK) have gained 0.6% over the past four weeks to close the last trading session at $14.7, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $19.5 indicates a potential upside of 32.7%.The mean estimate comprises six short-term price targets with a standard deviation of $1.22. While the lowest estimate of $18.00 indicates a 22.5% increase from the current ...

Newmark Group, Inc. (NASDAQ:NMRK) is one of the 10 Must-Buy Real Estate Stocks to Invest In. On March 13, 2026, Barclays lowered the price target on Newmark Group, Inc. (NASDAQ:NMRK) to $19 from $21 and maintained an Equal Weight rating, citing weaker investor sentiment across the commercial real estate services group. On March 2, 2026, Keefe Bruyette lowered its price target on NMRK to $18 from $22 and maintained an Outperform rating. Keefe Bruyette said the shares appear attractive despite recent volat ...

PHILADELPHIA, March 17, 2026 /PRNewswire/ -- Newmark Group, Inc.i (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, announces the Company has been awarded the exclusive leasing assignment for a 66-building, 4.2 million-square-foot office and flex portfolio spanning key submarkets in Suburban Philadelphia, including Wayne, Malvern, Exton and Horsham. Newmark will pro ...

Core Insights - Newmark Group, Inc. has been named to the IAOP's 2026 Global 100® for the 17th consecutive year, highlighting its status as a leading commercial real estate advisor and service provider [1] - The Global 100® is a prestigious annual listing that evaluates outsourcing service providers based on a rigorous scoring methodology and independent panel reviews [1] - Newmark is recognized in the "Leader" category, which identifies top outsourcing service providers for established global firms [1] Company Performance - For the twelve months ended December 31, 2025, Newmark generated revenues of nearly $3.3 billion [1] - As of December 31, 2025, Newmark operated approximately 175 offices with over 9,300 professionals across four continents [1] Leadership and Innovation - Newmark's recognition underscores its commitment to delivering differentiated solutions for clients in a complex global environment [1] - The company combines data-driven insights, technology, and market expertise to help clients make informed decisions [1] - IAOP's CEO noted that the 2026 Global 100 recognizes organizations that redefine excellence in the global business ecosystem through measurable value and innovation [1]

Core Viewpoint - Newmark Group Inc. is identified as one of the most undervalued stocks on NASDAQ, despite a recent target price reduction by Keefe Bruyette, which remains optimistic about the stock's potential [1][6]. Financial Performance - In Q4 2025, Newmark reported adjusted earnings per share of $0.68, reflecting a year-over-year growth of approximately 24%, slightly surpassing the consensus estimate of $0.66 [2]. - The strong earnings growth was attributed to increased volume across leasing, capital markets, and valuation segments in the U.S., supported by modest headcount growth that improved profit margins through productivity gains [2]. Future Outlook - Management anticipates that the strong performance will continue into FY 2026, with expected organic revenue growth in the low-to-mid teens [3]. - Margins are projected to expand further, particularly as non-U.S. operations ramp up, leading to mid-to-high teens growth in adjusted EBITDA [3]. Company Overview - Newmark Group Inc. provides commercial real estate services and is headquartered in New York, having been founded in 1929 [3].

Financial Performance - For the year ended December 31, 2025, Newmark generated revenues of approximately $3.3 billion, with the top 10 clients accounting for about 9.1% of total revenue[24]. - Between 2011 and 2025, Newmark increased total revenues by a CAGR of approximately 21%, outperforming average growth rates of publicly traded peers in the commercial real estate services sector[28]. - Newmark's total average revenue per employee was approximately 75% higher than the average for U.S.-listed full-service peers in 2025[64]. - The company generated an average of approximately 21% of its revenues in Q1 and 30% in Q4 over the past five years, indicating seasonal revenue trends[88]. - As of December 31, 2025, the company exceeded Fannie Mae's minimum net worth requirement by $386.7 million, demonstrating strong financial health[94]. - The company had $229.1 million in cash and cash equivalents and $525.0 million undrawn under its revolving credit facility as of December 31, 2025, supporting future growth initiatives[69]. Market Opportunities - The commercial real estate services industry represents a global revenue market opportunity exceeding $400 billion, indicating significant growth potential for Newmark[49]. - The estimated total addressable market (TAM) for Newmark is over $400 billion, with less than 20% currently serviced by the top 10 global firms, indicating significant growth opportunities[50]. - Institutional investors' target allocation to real estate increased from 5.6% in 2010 to 10.8% in 2025, expected to remain stable in 2026, benefiting Newmark's owner-focused businesses[52]. - U.S. commercial and multifamily mortgage debt outstanding is approximately $5.0 trillion, with $2.1 trillion expected to mature between 2026 and 2028, creating refinancing opportunities[54]. - The company expects continued growth in its multifamily capital markets business due to favorable demographics and increasing demand for apartment living in the U.S.[57]. Client and Operational Insights - Newmark's U.K. business rates services manage over £1 billion in rates annually for approximately 1,800 corporate clients, contributing to a solid stream of recurring revenues[41]. - The company has a diverse client base, including multinational corporations and institutional owners, across various property types such as office, retail, and multifamily[79]. - Approximately 13% of Newmark's revenues were from international sources, compared to 31% to 48% for its largest competitors, indicating room for growth in global markets[67]. - The notional value of transactions facilitated by Newmark was $1.6 trillion in 2025, providing valuable market insights and data across commercial and multifamily real estate markets[60]. Technology and Innovation - Newmark's technology platform is designed to optimize business methods and enhance operational efficiency, providing data-driven advice and analytics to clients[43]. - The company aims to develop purpose-built solutions that integrate data and technology to address complex real estate challenges, driving business growth[82]. - Newmark's centralized leasing portal, Workframe, aims to enhance client interactions and streamline deal management processes, improving operational efficiency[72]. Employee and Management Practices - Newmark had over 8,800 employees across approximately 140 offices in 120 cities, with a total of over 9,300 professionals when including business partners[100]. - The company experienced a decrease in voluntary turnover year-on-year in all parts of the organization, with improved retention rates for managers, brokers, and revenue-generating personnel compared to 2024[105]. - Approximately 24% of Newmark's equity on a fully diluted basis was owned by employees and independent contractors as of December 31, 2025, indicating a strong performance-based compensation structure[112]. - The company has invested in employee training and development programs, including mandatory annual training on workplace respect and inclusion, to maximize employee potential[119]. - Newmark's Board of Directors is actively engaged in succession planning to ensure leadership continuity and address potential absences of key personnel[124]. Sustainability and Corporate Responsibility - Newmark's Corporate Responsibility programs are designed to enhance sustainable business solutions and positively impact the communities in which it operates[126]. - The company is prioritizing energy-efficient and sustainably managed spaces, updating its site selection guidelines and energy efficiency policies[129]. - Newmark occupies over a dozen LEED certified buildings and more than 30 Energy Star certified buildings, including its New York City headquarters which has received LEED Gold certification[129]. - Newmark's Energy and Sustainability Services team has been leading energy management initiatives since 2017, helping clients manage greenhouse gas emissions and pursue Energy Star certifications[132]. - The company published its first Corporate Responsibility Report in 2023 and plans to publish its 2024 report, focusing on industry-relevant Corporate Responsibility topics[131]. Risks and Challenges - The company may face challenges due to economic conditions, including inflation, geopolitical conflicts, and changes in demand for commercial real estate[173]. - The company is subject to risks related to global economic conditions, including potential recessionary pressures and their effects on business operations[174]. - Higher interest rates may lead to increased capitalization rates and declining property valuations, impacting property owners' equity and financing availability[177]. - The company is exposed to various risks in international operations, including political and economic instability, which could impact its global business[191]. - Non-compliance with laws and regulations could result in significant financial penalties and loss of licenses, adversely impacting operations[199]. Governance and Ownership Structure - The company has a complex ownership structure, with various trusts and family members involved in decision-making processes[162]. - The Lutnick Family Voting Agreement restricts the transfer of securities without consent from a majority of family branches, impacting governance[160]. - Cantor and CFGM held 21,285,533 shares of Newmark Class B common stock, representing approximately 57.0% of total voting power as of December 31, 2025[138]. - The company relies on trade secret, contract, patent, copyright, and trademark law to protect its intellectual property rights[220]. Financial Instruments and Compliance - The company retains credit risk on loans sold under the Fannie Mae DUS program, which could lead to significant loss-sharing obligations[214]. - Changes in the conservatorship of Fannie Mae and Freddie Mac could materially affect the company's ability to originate and service loans[218]. - The company is subject to various environmental regulations that may increase compliance costs and reduce transaction volumes in commercial real estate[205].

Financial Data and Key Metrics Changes - Total revenues increased by 15.3% to over $1 billion, compared to $872.7 million in the previous year, marking an all-time high [10] - Adjusted EPS rose by 23.6% to $0.68, exceeding previous guidance by $0.04 [12] - Adjusted EBITDA was $214 million, up 17% from $182.9 million, with an improved margin on total revenues [13] Business Line Data and Key Metrics Changes - Leasing revenues increased by 13.6%, driven by strong activity in New York and Texas across retail, office, and industrial sectors [11] - Management and servicing revenues grew by 12% to over $1.24 billion, with a goal of exceeding $2 billion by 2029 [6] - Capital markets saw a 19.2% increase, reflecting significant activity in office, retail, and multifamily sectors [11] Market Data and Key Metrics Changes - Investment sales volumes increased by 50% in the fourth quarter, compared to 21% industry growth in the U.S. and 15% in Europe [7] - For the full year, investment sales volumes were up 56%, compared to 20% for overall U.S. volumes and 12% for Europe [7] - Debt origination volumes increased by 12%, with a 67% rise in 2025 origination volumes compared to a 43% increase in U.S. industry originations [7] Company Strategy and Development Direction - The company is focused on leveraging AI and digital infrastructure to enhance service offerings and drive growth [8] - Newmark aims to continue its international expansion and increase market share across nearly all business lines [7] - The strategy includes investing in talent and technology to improve efficiency and margin enhancement [8] Management's Comments on Operating Environment and Future Outlook - Management expects double-digit growth in both top and bottom lines for the third consecutive year in 2026, with record total revenues and Adjusted EPS [9] - The favorable macroeconomic backdrop for commercial real estate is anticipated to support continued growth [9] - Management highlighted the importance of AI as an accelerant for business opportunities and margin enhancement [20] Other Important Information - The company ended 2025 with $229.1 million in cash and cash equivalents and a net leverage of 0.8x [14] - Adjusted free cash flow increased by 38.4% for the year to $268.9 million [14] - The board of directors increased the share repurchase authorization to $400 million [13] Q&A Session Summary Question: AI's impact on office needs and staffing - Management noted that it is early to fully understand AI's impact, but it is seen as an accelerant for business opportunities [19][20] Question: Debt maturities and refinancing expectations - Management indicated that $2 trillion of debt is coming due over the next three years, with significant activity expected in the market [27][28] Question: Risks of property-level data becoming public - Management acknowledged that while some data is confidential, there are opportunities to use proprietary data to create value for clients [32][33] Question: Competitive landscape for talent - Management stated that recruiting remains strong, with a focus on providing a less crowded environment for brokers to thrive [64]

Financial Data and Key Metrics Changes - Total revenues increased by 15.3% to over $1 billion, compared to $872.7 million in the previous year, marking an all-time high [10] - Adjusted EPS rose by 23.6% to $0.68, exceeding previous guidance by $0.04 [12] - Adjusted EBITDA reached $214 million, up 17% from $182.9 million, with an improved adjusted EBITDA margin [13] Business Line Data and Key Metrics Changes - Leasing revenues increased by 13.6%, driven by strong activity in New York and Texas across retail, office, and industrial sectors [11] - Management and servicing revenues grew by 12% to over $1.24 billion, with a goal of exceeding $2 billion by 2029 [6] - Capital markets saw a 19.2% increase, reflecting significant activity in office, retail, and multifamily sectors [11] Market Data and Key Metrics Changes - Investment sales volumes surged by 50% in the fourth quarter, compared to 21% industry growth in the U.S. and 15% in Europe [7] - For the full year, investment sales volumes were up 56%, outpacing overall U.S. volumes which grew by 20% [7] - Quarterly debt volumes increased by 12%, with full-year origination volumes up 67%, compared to 43% for the U.S. industry [7] Company Strategy and Development Direction - The company is focused on leveraging AI and digital infrastructure to enhance service offerings and drive growth [8] - Newmark aims to continue its international expansion and increase market share across nearly all business lines [7] - The strategy includes investing in talent and technology to improve efficiency and margin enhancement [8] Management's Comments on Operating Environment and Future Outlook - Management expects double-digit growth in both top and bottom lines for the third consecutive year in 2026, with record total revenues and adjusted EPS [9] - The favorable macroeconomic backdrop for commercial real estate is anticipated to support continued growth [9] - Management highlighted the importance of AI as an accelerant for business opportunities and efficiency [20] Other Important Information - The company ended 2025 with $229.1 million in cash and cash equivalents and a net leverage of 0.8x [14] - Adjusted free cash flow increased by 38.4% to $268.9 million [14] - The board increased the share repurchase authorization to $400 million [13] Q&A Session Summary Question: AI's impact on office needs and employment - Management noted that it is early to fully understand AI's impact, but it is seen as an accelerant for business opportunities [19][20] Question: Expectations on debt refinancing and maturities - Management indicated that there is $2 trillion of debt coming due over the next three years, with significant activity expected in the market [27][28] Question: Risks of property-level data becoming public - Management acknowledged that while some data is confidential, there are opportunities to leverage proprietary data for evaluations [32][33] Question: Competitive landscape for talent - Management emphasized the importance of having a single team per vertical to avoid internal competition and enhance revenue per employee [63][64] Question: Revenue growth outlook for different business lines - Management expects capital markets to grow above the midpoint, management services to be in line, and leasing to be slightly below the midpoint [68]

Financial Data and Key Metrics Changes - Total revenues increased by 15.3% to just over $1 billion, compared to $872.7 million in the previous year, marking an all-time high for the company [11] - Adjusted EPS rose by 23.6% to $0.68, exceeding previous guidance by $0.04 [13] - Adjusted EBITDA was $214 million, up 17% from $182.9 million, with an improved adjusted EBITDA margin [14] Business Line Data and Key Metrics Changes - Leasing revenues increased by 13.6%, driven by strong activity in New York and Texas across retail, office, and industrial sectors [12] - Management and servicing revenues grew by 13%, reaching a record high for these recurring businesses [11] - Capital markets saw a 19.2% increase, reflecting significant activity in office, retail, and multifamily sectors [12] Market Data and Key Metrics Changes - Newmark's investment sales volumes were up 56% for the full year, compared to 20% for overall U.S. volumes [7] - Quarterly debt volumes increased by 12%, with origination volumes up 67% for the year, outpacing the U.S. industry growth of 43% [8] Company Strategy and Development Direction - The company aims to achieve over $2 billion in management and servicing revenues by 2029, leveraging deep client relationships [6] - Newmark is focused on expanding its international presence and enhancing its platform through strategic hiring and investments [10] - The integration of artificial intelligence is seen as a significant opportunity to enhance efficiency and margins across service lines [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about achieving double-digit growth in both top and bottom lines for the third consecutive year in 2026, supported by a favorable macroeconomic backdrop [10] - The company anticipates total revenues for 2026 to be between $3.7 billion and $3.8 billion, reflecting a 13.8% increase at the midpoint [16] Other Important Information - The company ended 2025 with $229.1 million in cash and cash equivalents and a net leverage ratio of 0.8x, indicating a healthy balance sheet [15] - The board of directors increased the share repurchase authorization to $400 million, signaling a commitment to returning capital to shareholders [14] Q&A Session Summary Question: How are clients considering AI in relation to their office needs? - Management noted that it is still early to fully understand AI's impact, but there is increased activity in returning to the office, with AI seen as an accelerant for business opportunities [20][21] Question: What is the outlook for refinancing and restructuring in the debt market? - Management indicated that there is $2 trillion of debt coming due over the next three years, suggesting ripe opportunities for market action [27][28] Question: What are the risks of property-level data becoming public? - Management acknowledged that while some data is confidential, they have collected significant proprietary data that can be leveraged for client value [32] Question: How has the competitive landscape for talent evolved? - Management stated that they have successfully recruited talent by offering a less competitive internal environment, focusing on higher revenue per employee [63] Question: What are the expectations for revenue growth across different business lines? - Management expects capital markets to grow faster than the midpoint, management services to be in line, and leasing to be slightly below the midpoint of guidance [68]