Newmark Group (NMRK) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this provider of commercial real estate services would post earnings of $0.16 per share when it actually produced earnings of $0.15, delivering a surprise of -6.25%. Over the last four quarters, the company has not been able to surpass consensus EPS ...

1 Newmark Reports Second Quarter 2024 Financial Results NEW YORK, NY - August 2, 2024 - Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today, reported its financial results for the three and six months ended June 30, 2024, and declared its quarterly dividend. Comments from Barry M. Gosin, Chief Executive Officer of Newmark "I am excited that w ...

Conference Call to Discuss Results Scheduled for 10:00 a.m. ET Today NEW YORK, Aug. 2, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today, reported its financial results for the three and six months ended June 30, 2024, and declared its quarterly dividend. A complete and full-text financial results press release, includi ...

Conference Call to Discuss Results Scheduled for 10:00 a.m. ET Today NEW YORK, Aug. 2, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today, reported its financial results for the three and six months ended June 30, 2024, and declared its quarterly dividend. A complete and full-text financial results press release, includi ...

Core Insights - Newmark Group, Inc. and Greystone Capital Advisors arranged $560 million in floating-rate debt for 3ELEVEN, a luxury apartment tower in Manhattan, reflecting strong collaboration and market confidence [3][9] - 3ELEVEN features 938 units with premium amenities and is 99% leased, benefiting from a 35-year tax abatement for affordable housing [4][6] Company Overview - Newmark is a leading commercial real estate advisor with a comprehensive suite of services tailored to various clients, generating approximately $2.5 billion in revenues for the year ended December 31, 2023 [5] - Greystone is recognized for its leadership in multifamily and healthcare finance, providing commercial lending through various platforms [1][10] Property Details - 3ELEVEN is a 60-story luxury apartment tower located near Hudson Yards, offering a range of apartment types and high-end amenities [3][4] - The property is managed by Clinton Management, affiliated with Douglaston Development, and is strategically located near upscale shops and the High Line park [6]

The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with NMRK. Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost NMRK's consensus estimate, increasing from $1.12 to $1.13 in the past 60 days. Looking at the n ...

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. One company to watch right now is Newmark Group (NMRK) . NMRK is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 9.62 right now. For comparison, its industry s ...

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The exchange offer, previously scheduled to expire at 5:00 p.m., New York City time, on Friday, July 12, 2024, will now expire at 5:00 p.m., New York City time, on Wednesday, July 17, 2024, unless further extended. Approximately $473.8 million in aggregate principal amount, or 99.7%, of the outstanding Old Notes were tendered in the exchange offer as of 5:00 p.m., New York City time, on July 12, 2024 (which excludes certain Old Notes, as detailed below). The Company's controlling stockholder, Cantor Fitzger ...

NEW YORK, July 15, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate adviser and service provider to large institutional investors, global corporations, and other owners and occupiers, today announced that it had extended its offer (the "exchange offer") to exchange up to $475 million aggregate principal amount of its outstanding 7.500% Senior Notes due 2029 (the "Old Notes") for an equivalent amount of its 7.500% Senior Notes due 2029 reg ...