Newmark Group Inc (OQ:NMRK)

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
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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).
Employees: 7,000 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $2,796M as of Dec 31, 2023
Annual revenue (TTM): $2,470M as of Dec 31, 2023
EBITDA (TTM): $269.12M as of Dec 31, 2023
Net annual income (TTM): $42.57M as of Dec 31, 2023
Free cash flow (TTM): -$342.23M as of Dec 31, 2023
Net Debt Last Fiscal Year: $880.90M as of Dec 31, 2023
Shares outstanding: 172,670,000 as of Feb 26, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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