Record Third Quarter Revenues
Newmark reported record third quarter revenues with double-digit gains across every major business line, resulting in a total revenue of $863.5 million, up 25.9% compared to the previous year.
Organic Growth and Strategic Acquisitions
The company's growth was entirely organic, and they acquired RealFoundations to expand their management consulting and outsourced managed services.
International Expansion
Newmark launched property and facility management services in India and the APAC region, and opened 9 international offices, hiring over 100 revenue-generating professionals outside the U.S.
Capital Markets Growth
Capital Markets revenues increased by 59.7%, with a 129% improvement in total debt volumes and a 67% increase in investment sales volumes, significantly outpacing the industry.
Positive Outlook for 2025
Newmark updated its outlook for 2025, expecting total revenues between $3.175 billion and $3.325 billion, and an adjusted EBITDA increase of 22% to 30%.