Newmark Group Inc (OQ:NMRK)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 125 Park Avenue, NEW YORK NY 10017 |
| Tel: | N/A |
| Website: | https://www.nmrk.com |
| IR: | See website |
| Key People | ||
| Howard W. Lutnick Executive Chairman of the Board | Barry M. Gosin Chief Executive Officer | Michael J. Rispoli Chief Financial Officer |
| Stephen M. Merkel Executive Vice President, Chief Legal Officer, Assistant Corporate Secretary | Roger Anscher Chief Administrative Officer | Sridhar Potineni Chief Information Officer | Angie Leccese Chief Marketing Officer |
| Business Overview |
| Newmark Group, Inc. is a commercial real estate advisor and service provider to institutional investors, global corporations and other owners and occupiers. The Company offers a diverse array of integrated services and products designed to meet the full needs of its clients. Its investor/owner services and products include capital markets, which consists of investment sales and commercial mortgage brokerage, including the placement of debt, equity raising, structured finance and loan sales on behalf of third parties; landlord (agency) leasing; valuation and advisory; property management; its commercial real estate technology platform and capabilities; business rates for United Kingdom property owners; due diligence, consulting and other advisory services; government-sponsored enterprises (GSE) and the Federal Housing Administration (FHA), lending, including multifamily lending and loan servicing; limited loan servicing and asset management, and flexible workspace solutions for owners. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Newmark Group Inc revenues decreased 9% to $2.47B. Net income decreased 49% to $42.6M. Revenues reflect Investment sales decrease of 37% to $381.3M, Commercial Mortgage Origination decrease of 22% to $278.6M. Net income also reflects Rent Expense increase of 36% to $162.5M (expense), Intangible amortization expense increase of 20% to $17.1M (expense). |
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