Double-Digit Top Line Improvement
Newmark reported double-digit top line improvement across every major business line in the quarter, with management and servicing growing by 21%, capital markets by 20%, and leasing by 15%.
Significant Increases in Market Share
Newmark increased its U.S. debt market share by approximately 300 basis points to 9%, up by 6 times compared with 2015. Mortgage brokerage volumes increased by 209%, GSE origination by 85%, and investment sales by 71%.
Strong Revenue and Earnings Growth Expectations
Newmark anticipates strong revenue and earnings growth in 2025, with an adjusted EBITDA target of at least $630 million by 2026 and a goal of $1.75 of adjusted EPS in 2026.
Growth in Data Center Segment
Newmark executed nearly $17 billion in data center transactions last year and expects more growth, fueled by reshoring, the CHIPS Act, and AI investments.