Newmark Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 01:48 pm
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Newmark Group, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 198.95 million compared to USD 147.43 million a year ago. Revenue was USD 678.25 million compared to USD 503.98 million a year ago. Net income was USD 0.362 million compared to USD 33.11 million a year ago.
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.