Financial Performance - Newmark reported total revenues of $888.3 million for Q4 2024, an increase of 18.8% compared to $747.4 million in Q4 2023, and $2,754.1 million for FY 2024, up 11.5% from $2,470.4 million in FY 2023[4]. - The company achieved a GAAP net income of $65.7 million for Q4 2024, a 24.3% increase from $52.9 million in Q4 2023, and $61.2 million for FY 2024, representing a 43.8% increase from $42.6 million in FY 2023[4]. - Adjusted EBITDA for Q4 2024 was $182.9 million, a 10.1% increase from $166.2 million in Q4 2023, and $445.3 million for FY 2024, up 11.8% from $398.3 million in FY 2023[4]. - Newmark's fee revenues grew by 16.9% to $756.0 million in Q4 2024 and by 10.2% to $2.3 billion for FY 2024[9]. - The company recorded a 209% increase in Mortgage Brokerage and Debt Placement volumes and an 85% rise in GSE/FHA origination volumes, excluding Signature transactions[3]. - Newmark's consolidated net income for the year ended December 31, 2024, was $85,491,000, a 37.0% increase compared to $62,375,000 in 2023[46]. - Adjusted Earnings before noncontrolling interests and taxes for Q4 2024 reached $160.4 million, a 19.7% increase from $133.9 million in Q4 2023[87]. - Adjusted EBITDA for the year ended December 31, 2024, was $445.3 million, a 11.8% increase from $398.3 million in 2023[97]. Growth and Expansion - The company experienced a 21% growth in Management and Servicing, a 20% increase in Capital Markets, and a 15% rise in Leasing for Q4 2024[3]. - Newmark's pipeline remains strong, with expectations of at least $630 million in Adjusted EBITDA by 2026[4]. - The company acquired London-based real estate advisory firm Gerald Eve on March 10, 2023, enhancing its capabilities in capital markets and corporate real estate advisory[33]. - Newmark's acquisition of the remaining 49% of Spring11 in Q1 2023 significantly expanded its servicing and asset management portfolio[34]. - The company arranged $2.3 billion in construction financing for a 206 MW build-to-suit data center, showcasing its active role in significant transactions[36]. Expenses and Liabilities - Total expenses under GAAP for Q4 2024 were $785.1 million, a 15.8% increase from $677.7 million in Q4 2023, and $2,597.7 million for FY 2024, up 10.1% from $2,359.0 million in FY 2023[10]. - For the full year 2024, non-compensation expenses rose 6.2% under GAAP and 4.4% for Adjusted Earnings, while total expenses grew 8.6% and 6.7% respectively[12]. - Newmark's total liabilities increased to $3,179,691,000 in 2024, up from $2,876,649,000 in 2023, indicating a rise of 10.5%[44]. Cash Flow and Liquidity - Net cash provided by operating activities for Q4 2024 was $402.6 million, compared to $220.0 million in Q4 2023, representing an increase of 82.7%[48]. - Cash and cash equivalents at the end of Q4 2024 were $304.9 million, up from $258.7 million at the end of Q4 2023, an increase of 17.9%[48]. - The company reported a net increase in cash and cash equivalents of $20.5 million in Q4 2024, compared to a decrease of $25.4 million in Q4 2023[48]. - The company clarified its non-GAAP measures, including adjustments for non-recurring items to better reflect underlying operating performance starting from Q3 2023[52]. - Newmark's liquidity is defined as the sum of cash and cash equivalents, marketable securities, and reverse repurchase agreements, minus securities lent out[82]. Shareholder Returns - Newmark repurchased 2.1 million shares for $31.4 million in Q4 2024 and 18.6 million shares for $224.9 million at an average price of $12.09 for the full year[14]. - The Board declared a quarterly dividend of $0.03 per share payable on March 17, 2025[17]. - The company continues to target annual share count growth of 2% or less over time[20]. Future Outlook - The FY 2025 outlook for total revenues is projected between $2,900 million and $3,100 million, representing a year-over-year increase of 5% to 13%[20]. - Adjusted Earnings Per Share for FY 2025 is expected to be between $1.40 and $1.50, reflecting a year-over-year increase of 14% to 22%[20]. - Management believes that certain compensation and tax-related matters will not materially impact the earnings outlook for 2024[18]. - The company anticipates providing forward-looking guidance for GAAP revenues and certain non-GAAP measures, but not for other GAAP results due to forecasting difficulties[84]. Tax and Adjusted Earnings - Newmark's effective tax rate for Adjusted Earnings was 13.9% in Q4 2024, down from 14.8% a year earlier[11]. - The provision for income taxes for Adjusted Earnings in Q4 2024 was $22.3 million, up from $19.9 million in Q4 2023, reflecting a 12.1% increase[89]. - Adjusted Earnings are used by management to evaluate financial performance and exclude certain non-cash items and expenses that do not reflect ongoing operations[54]. - Adjusted Earnings and Adjusted EBITDA are not intended to replace GAAP financial results but provide additional insights into financial performance[75].

Core Viewpoint - Newmark Group, Inc. reported its financial results for the year ending December 31, 2024, and announced a quarterly dividend, highlighting its position as a leading commercial real estate advisor and service provider [1][3]. Financial Performance - For the twelve months ended December 31, 2024, Newmark generated revenues of nearly $2.8 billion [3]. - The company is scheduled to discuss its financial results in a conference call at 10:00 a.m. ET today [1]. Company Overview - Newmark operates approximately 170 offices with over 8,000 professionals across four continents, providing a comprehensive suite of services tailored to various clients, including owners, occupiers, investors, and corporations [3]. - The company emphasizes its global reach and market intelligence in both established and emerging property markets [3].

Shares of Newmark Group (NMRK) have gained 5.6% over the past four weeks to close the last trading session at $13.63, 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 $18.67 indicates a potential upside of 37%.The average comprises three short-term price targets ranging from a low of $18 to a high of $19, with a standard deviation of $0.58. While the lowest estimate indicates an ...

Group 1 - Sabre Hospitality has entered into a new agreement with Newmark to distribute hotel content through Sabre's Global Distribution System (GDS) technology, enhancing Newmark's visibility and reach [1][2] - The SynXis Central Reservation System (CRS) will be central to Newmark's GDS distribution strategy, streamlining the booking process and extending reach through a global network of travel agencies [2][3] - Newmark aims to leverage this partnership to enhance operational efficiency and strengthen its global presence, ensuring its unique collection of luxury hotels and game reserves is accessible to travelers worldwide [3][4] Group 2 - The partnership highlights the importance of GDS in delivering extensive content across various channels, which can help increase guest satisfaction for hotel partners [4] - Sabre Corporation is a leading technology company in the travel industry, serving customers in over 160 countries and focusing on empowering airlines, hoteliers, and agencies [5] - Newmark Hotels & Reserves is known for creating unique and authentic experiences for guests, with a diverse portfolio that includes luxury hotels, safari lodges, and beach resorts across Africa [6]

Wall Street expects a year-over-year increase in earnings on higher revenues when Newmark Group (NMRK) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February ...

Newmark Group (NMRK) closed the last trading session at $14.13, gaining 10.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $18.67 indicates a 32.1% upside potential.The average comprises three short-term price targets ranging from a low of $18 to a high of $19, with a standard deviation of $0.58. While the lowest estimate indicates an increase of 27.4% from the current price lev ...

Group 1 - The Zacks Rank system focuses on earnings estimates and revisions to identify winning stocks, while also considering trends in value, growth, and momentum [1] - Value investing aims to identify companies undervalued by the market, using metrics and fundamental analysis [2] - The Style Scores system includes a "Value" category, where stocks with "A" grades for Value and high Zacks Ranks are considered top value stocks [3] Group 2 - Newmark Group (NMRK) has a Zacks Rank of 2 (Buy) and a Value grade of A, with a current P/E ratio of 9.99 compared to the industry average of 17.99 [4] - NMRK's P/S ratio is 0.93, significantly lower than the industry's average P/S of 2.41, indicating potential undervaluation [5] - The P/CF ratio for NMRK is 8.60, which is attractive compared to the industry's average P/CF of 9.22, suggesting strong cash flow outlook [6] Group 3 - The metrics indicate that Newmark Group is likely undervalued, and its strong earnings outlook positions it as one of the market's strongest value stocks [7]

Fastest-Growing Publicly Traded Commercial Real Estate Firm Since 2011 Brands London-Based BH2 and Gerald EveNEW YORK and LONDON, Jan. 27, 2025 /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, announces that London-based real estate advisory firms BH2 and Gerald Eve now operate as Newmark.Newmark generated nearly $350 million in ...

Project Overview - Newmark arranged a $2.3 billion loan for a 206 MW Build-to-Suit data center development in Abilene, Texas, on behalf of Blue Owl Capital, Crusoe Energy Systems, and Primary Digital Infrastructure [1] - The project is leased to a leading technology company and will feature state-of-the-art fit-outs, with 300 MW of on-site self-generation capacity [2] - The development broke ground in 2024 and is expected to deliver initial capacity in early 2025 [2] Industry Trends - The data center industry is experiencing rapid growth, driven by the expanding needs of hyperscalers, AI and HPC users, and large enterprises [3] - Increased demand has led to a surge in new developments and land banking, with data center construction pipelines reaching all-time highs in the previous year [3] Key Players - Blue Owl Capital manages $235 billion in assets as of September 30, 2024, and operates across Credit, GP Strategic Capital, and Real Estate platforms [4] - Crusoe Energy Systems focuses on sustainable AI infrastructure, reducing costs and environmental impact in the digital economy [5] - Primary Digital Infrastructure is led by industry veterans with over 60 years of executive leadership experience in the data center sector [6] Newmark's Role - Newmark is a global leader in commercial real estate, generating approximately $2.6 billion in revenues for the twelve months ended September 30, 2024 [7] - The company operates from nearly 170 offices worldwide, with over 7,800 professionals providing tailored services across the property life cycle [7]

Conference call scheduled for the same day at 10:00 a.m. ETNEW YORK, Jan. 9, 2025 /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 announced the details of its fourth quarter and full year 2024 financial results press release and conference call. The Company plans to issue an advisory press release regarding the availabilit ...