Newmark Group, Inc.
Description
Newmark Group, Inc. provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners. It also provides tenant representation leasing; and global corporate services consisting of workplace and occupancy strategy, energy and sustainability services, technology, project management, real estate and lease administration, and facilities management. The company offers its services to commercial real estate tenants, investors, owners, occupiers, and developers; lenders; small and medium size businesses; and multi-national corporations. The company was formerly known as Newmark Grubb Knight Frank Capital Group and changed its name to Newmark Group, Inc. in October 2017. Newmark Group, Inc. was founded in 1929 and is based in New York, New York. Newmark Group, Inc.operates is a subsidiary of Cantor Fitzgerald, L.P.
About
CEO
Employees
7,800
Instrument type
Common Stock
Sector
Real Estate
Industry
Real Estate Services
MIC code
XNGS
Address
125 Park Avenue, New York, NY 10017, United States
×
![Enlarged Chart]()
Oscillators
Invalid data format
Summary
Invalid data format
Moving Averages
Invalid data format
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 3, 2025 | — | — | — | — |
| Jul 31, 2025 | — | — | — | — |
| May 1, 2025 | — | — | — | — |
| Feb 14, 2025 | 0.46 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 5 | — | 5 |
| Average estimate | — | 0.18 | — | 1.40 |
| Low estimate | — | 0.15 | — | 1.31 |
| High estimate | — | 0.22 | — | 1.46 |
| Last year EPS | — | 0.15 | — | 1.17 |
[stock_revenue_estimate]
Growth estimates
Current qtr
3.910%
Next qtr. (Mar 2025)
22.670%
Current year
11.240%
Next year (Dec 2025)
19.690%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 2.47B | 2.71B | 2.91B | 1.90B | 2.22B |
| Cost of revenue | — | — | — | — | 1.28B |
| Gross profit | — | — | — | — | 942.14M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 1.63B | 1.69B | 2.19B | 1.28B | 1.53B |
| Other operating expenses | 563.90M | 563.35M | 577.41M | 316.98M | 386.88M |
| Operating income | 111.36M | 283.27M | 22.07M | 168.71M | 165.28M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 21.74M | 30.97M | 33.47M | 37.73M | 32.09M |
| Other income expense | 13.85M | -97.70M | 1.23B | 15.29M | 80.95M |
| Pretax income | 103.48M | 154.60M | 1.22B | 146.27M | 214.15M |
| Tax provision | 41.10M | 42.05M | 242.96M | 36.99M | 52.44M |
| Net income | 62.38M | 112.55M | 978.13M | 109.28M | 161.71M |
| Basic EPS | 0.25 | 0.48 | 3.91 | 0.39 | 0.59 |
| Diluted EPS | 0.24 | 0.46 | 3.80 | 0.39 | 0.58 |
| Basic average shares | 173.48M | 180.34M | 190.18M | 179.11M | 177.77M |
| Diluted average shares | 173.48M | 180.34M | 190.18M | 179.11M | 177.77M |
| EBITDA | 291.44M | 351.39M | 1.38B | 325.19M | 377.38M |
| Net income from continuing op. | 62.38M | 112.55M | 978.13M | 109.28M | 161.71M |
| Minority interests | -19.80M | -29.27M | -227.41M | -29.22M | -44.41M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 4.47B | 3.94B | 5.22B | 3.98B | 3.20B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 164.89M | 233.02M | 191.33M | 191.45M | 163.56M |
| Other short term investments | 99,000 | 788,000 | 524.57M | 33.28M | 36.80M |
| Accounts receivable | 622.51M | 523.74M | 569.21M | 376.80M | 508.38M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | 73.94M | 59.68M | 56.89M | 20.44M | 16.95M |
| Restricted cash | 93.81M | 79.94M | 75.17M | 66.95M | 58.31M |
| Assets held for sale | 528.94M | 138.35M | 1.07B | 1.09B | 215.29M |
| Hedging assets | 10.86M | 14.32M | 8.50M | 32.26M | 51.02M |
| Other current assets | 1.44M | 4.20M | 560,000 | 1.89M | 736,000 |
| Non current assets | |||||
| Properties | 596.36M | 638.59M | 606.63M | 190.47M | 201.66M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 94.58M | 79.70M | 60.23M | 57.10M | 44.57M |
| Construction in progress | — | — | — | — | — |
| Leases | 245.26M | 207.02M | 184.70M | 126.43M | 119.68M |
| Accumulated depreciation | -161.80M | -131.08M | -109.18M | -87.16M | -66.23M |
| Goodwill | 2.17B | 2.06B | 1.94B | 1.66B | 1.57B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | 9.23M | 21.91M |
| Intangible assets | 614.83M | 649.52M | 626.50M | 539.02M | 458.87M |
| Investments and advances | 4.90M | 99.97M | 108.33M | 111.00M | 194.08M |
| Other non current assets | 131.60M | 114.30M | 104.16M | 202.70M | 191.91M |
| Total liabilities | 2.89B | 2.42B | 3.55B | 3.06B | 2.26B |
| Current liabilities | |||||
| Accounts payable | 266.49M | 208.17M | 223.16M | 97.30M | 161.99M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | 605.72M | 782.05M | 1.27B | 1.12B | 273.57M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 118.10M | 115.11M | 136.51M | 86.36M | 114.85M |
| Pensions | 400.77M | 369.54M | 462.53M | 279.87M | 343.85M |
| Other current liabilities | 21.33M | 9.44M | 13.72M | 59.91M | 38.77M |
| Non current liabilities | |||||
| Long term debt | 1.15B | 627.09M | 1.13B | 899.01M | 817.24M |
| Provision for risks and charges | 59.28M | 59.38M | 70.68M | 61.56M | 41.36M |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 63.56M | 36.01M | 29.62M | 44.10M | 57.08M |
| Shareholders equity | |||||
| Common stock | 2.31M | 2.22M | 2.15M | 1.89M | 1.82M |
| Retained earnings | 1.17B | 1.15B | 1.08B | 342.76M | 313.11M |
| Other shareholders equity | -4.56M | -11.99M | -2.73M | -2.09M | — |
| Total shareholders equity | 1.58B | 1.52B | 1.66B | 921.15M | 940.63M |
| Additional paid in capital | 657.74M | 584.71M | 487.45M | 351.45M | 318.17M |
| Treasury stock | 569.24M | 538.61M | 290.17M | 40.53M | 34.89M |
| Minority interest | 325.75M | 343.53M | 386.27M | 266.10M | 340.96M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | 62.38M | 112.55M | 978.13M | 109.28M | 161.71M | 191.90M | 145.10M | 167.21M | -2.73M |
| Depreciation | 166.22M | 165.82M | 121.73M | 141.19M | 131.14M | 97.73M | 95.82M | 72.20M | 71.77M |
| Deferred Taxes | -5.20M | -24.50M | 118.65M | 419,000 | -27.85M | 16.39M | 44.38M | -1.14M | -11.28M |
| Stock-Based Compensation | 139.75M | 138.31M | 356.35M | 130.76M | 258.84M | 224.64M | 10.00M | — | — |
| Other Non-Cash Items | -459.40M | 804.68M | -1.24B | -1.19B | 578.82M | -806.69M | 515.30M | -855.39M | 355.35M |
| Accounts Receivable | -312.57M | -80.90M | -278.03M | -4.17M | -213.92M | -239.06M | -91.50M | -108.76M | -97.51M |
| Accounts Payable | 71.68M | -35.33M | -4.40M | -82.42M | 17.83M | 152.89M | 13.10M | — | — |
| Other Assets & Liabilities | -16.90M | -84.02M | -67.55M | -49.44M | -398,000 | 40.27M | 34.67M | -9.83M | 22.69M |
| Operating Cash Flow | -354.05M | 996.60M | -12.57M | -948.23M | 906.18M | -321.93M | 766.87M | -735.71M | 338.29M |
| Investing Activities | |||||||||
| Capital Expenditures | -55.36M | -62.19M | -19.72M | -19.63M | -34.53M | -21.02M | -19.07M | -27.26M | -12.13M |
| Net Intangibles | — | — | — | -200,000 | -1.49M | -3.11M | -2.06M | -7.68M | -9.26M |
| Net Acquisitions | -99.89M | -64.25M | -69.76M | -5.85M | -33.94M | -34.51M | 2.79M | 518,000 | 2.66M |
| Purchase of Investments | — | -2.76M | -8.50M | -12.75M | -28.00M | -29.50M | — | — | — |
| Sale of Investments | 105.50M | 437.82M | 551.06M | 34.74M | 32.61M | 95.88M | 18.71M | — | — |
| Investing Cash Flow | -49.75M | 308.63M | 453.09M | -3.49M | -63.86M | 10.85M | 2.43M | -26.74M | -9.48M |
| Financing Activities | |||||||||
| Long-Term Debt Issuance | 930.00M | — | 55.00M | 365.00M | 155.00M | 910.53M | 698.92M | 1.94B | 742.63M |
| Long-Term Debt Payments | -7.48B | -8.88B | -9.35B | -11.80B | -9.65B | -9.54B | -10.19B | -8.98B | -6.29B |
| Other Financing Charges | -41.43M | -92.49M | -54.33M | -90.74M | -112.89M | 396.47M | -153.75M | -13.07M | -10.66M |
| Financing Cash Flow | -6.29B | -10.34B | -9.55B | -10.71B | -10.44B | -7.16B | -9.54B | -7.16B | -5.98B |
| Other Cash Details | |||||||||
| End Cash Position | 258.71M | 312.95M | 266.50M | 258.40M | 221.87M | 187.41M | 173.37M | 117.55M | 111.43M |
| Income Tax Paid | 57.18M | 99.55M | 99.38M | 80.29M | 95.09M | 1.17M | 46,000 | 79,000 | 131,000 |
| Interest Paid | 45.43M | 37.81M | 36.27M | 40.64M | 36.96M | 81.84M | 21.00M | 11.69M | 8.84M |
| Free Cash Flow | -321.32M | 1.13B | -68.43M | -797.52M | 950.75M | -356.49M | 832.51M | -679.09M | 365.76M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Specialized-Real Estate Index Fund | Oct 31, 2024 | 5,660,201 | 80.04M | 3.78% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 4,053,897 | 57.32M | 2.71% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 3,891,523 | 55.03M | 2.60% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 3,163,333 | 44.73M | 2.11% |
| Fidelity Value Fund | Nov 30, 2024 | 2,135,300 | 30.19M | 1.43% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 2,138,306 | 30.24M | 1.43% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 1,932,733 | 27.33M | 1.29% |
| Fidelity Strategic Advisers Fidelity U.S. Total Stock Fund | Nov 30, 2024 | 1,500,753 | 21.22M | 1.00% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 1,378,334 | 19.49M | 0.92% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 1,346,480 | 19.04M | 0.90% |
Article
Newmark Group (NMRK) Reports Next Week: Wall Street Expects Earnings Growth
Newmark Group (NMRK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Feb 7, 2025
Article
Newmark Arranges Recapitalization of 14-Property Dallas-Fort Worth Self-Storage Portfolio for Hines and CubeSmart
Joint venture of Hines and CubeSmart closes on one of the United States' largest self-storage portfolio transactions of 2024i DALLAS , Jan. 31, 2025 /PRNewswire/ -- Newmark announces the firm has brokered a recapitalization and new joint venture between Hines and CubeSmart for a 14-property self-storage portfolio located across the Dallas-Fort Worth Metroplex. Newmark Vice Chairman and leader of the firm's National Self Storage Capital Markets practice, Aaron Swerdlin , along with Executive Managing Director Andrew Warin and team, advised Hines on the recapitalization.
Jan 31, 2025
Article
How Much Upside is Left in Newmark Group (NMRK)? Wall Street Analysts Think 32.13%
The consensus price target hints at a 32.1% upside potential for Newmark Group (NMRK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Jan 28, 2025
