Newmark ( (NMRK) ) has released its Q4 earnings. Here is a breakdown of the information Newmark presented to its investors.
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Newmark Group, Inc., a prominent commercial real estate advisor, serves institutional investors, global corporations, and various property owners and occupiers across multiple sectors. In its latest earnings report, Newmark showcased strong financial growth and strategic achievements for the fourth quarter and full year 2024. The company highlighted a significant increase in revenue and robust performance across key business segments.
Newmark reported an 18.8% increase in total revenues for the fourth quarter of 2024 compared to the same period in 2023, reaching $888.3 million. For the full year, revenues rose by 11.5% to $2.75 billion. The company’s GAAP net income for fully diluted shares climbed 24.3% in the fourth quarter and 43.8% for the full year. Significant growth was seen in Management and Servicing, Capital Markets, and Leasing, with notable gains in mortgage brokerage, debt placement, and investment sales.
The company’s strategic efforts in expanding its market share in capital markets were evident, with volumes excluding certain transactions growing by 209% for mortgage brokerage and debt placement, 85% for GSE/FHA origination, and 71% for investment sales. Newmark also achieved a record $9.2 billion in quarterly industrial volumes, driven by its strength in data centers and the increasing demand for artificial intelligence infrastructure.
Looking ahead, Newmark’s management expressed optimism for continued growth in 2025, targeting adjusted EBITDA between $495 million and $545 million. The company aims to maintain revenue momentum and expand its management and servicing businesses. With a strategic focus on talent acquisition and retention, Newmark is well-positioned to achieve its financial targets and enhance shareholder value.
