Recent Updates — NMRK
Newmark Group reported third-quarter revenues of $973.2 million, a 12.7% increase from the prior year period, driven by double-digit growth in Leasing and Management Services. GAAP net income for fully diluted shares rose to $67.4 million, while Adjusted EBITDA increased 14.6% to $166.4 million. The company declared a quarterly dividend of $0.06 per share, payable on November 30, 2026, to shareholders of record as of November 13, 2026. Additionally, Newmark re-authorized its $400 million share repurchase program and revised its full-year revenue outlook to $3.7 billion–$3.8 billion due to macroeconomic uncertainty affecting deal timing. The company operates in the commercial real estate services industry.
Newmark Group, Inc. announced that Barry Gosin will step down as Chief Executive Officer on December 31, 2026, after nearly five decades with the firm. Gosin entered into a Third Amended and Restated Employment Agreement extending his tenure through December 31, 2029, during which he will serve as Chairman of Newmark & Company Real Estate, Inc., the company's operating entity. For the period from 2027 to 2029, Gosin is entitled to aggregate annual compensation of $5,000,000, consisting of a $1,000,000 base salary and a $4,000,000 cash bonus. The Board expects to identify a new CEO by year-end to ensure an orderly transition. Newmark Group, Inc. is a leading commercial real estate advisor and service provider.
Newmark Group, Inc. reported financial results for the quarter ended June 30, 2026, announcing total revenues of $888.4 million, a 17% increase year-over-year. GAAP net income available to common stockholders was $19.7 million, while post-tax Adjusted Earnings reached $97.5 million, up 25.5%. The company declared a quarterly cash dividend of $0.06 per share, payable on August 28, 2026, to shareholders of record as of August 14, 2026. Newmark reaffirmed its full-year 2026 outlook for total revenues between $3.775 billion and $3.875 billion and Adjusted EPS between $1.87 and $1.98. The firm operates in the commercial real estate services industry, providing advisory, brokerage, and management solutions to institutional investors and corporate clients.