NMRK · Newmark Group, Inc.

Newmark delivered robust first quarter 2026 results, with consolidated revenues rising 27.2% year-on-year to $846.5 million — the highest first-quarter total in company history. Growth was broad-based: Management Services, Servicing, and Other fees increased 21.2% to $344.0 million, Leasing and Other Commissions rose 20.2% to $250.0 million, and Capital Markets surged 45.5% to $252.5 million, driven by landmark transactions including the $4.3 billion One Beverly Hills financing and the $1.8 billion Sonida Senior Living–CNL Healthcare merger. GAAP net income swung from a $8.8 million loss to $19.6 million profit, lifting GAAP EPS from ($0.05) to $0.08 — a 260% improvement — while Adjusted EPS grew 57.1% to $0.33. The Company attributed this momentum to talent-led execution, deepening client relationships, and international expansion, noting it marked the seventh consecutive quarter of double-digit top-line growth and eighth straight quarter of double-digit earnings improvement. Management raised its full-year 2026 outlook, now expecting double-digit top- and bottom-line growth for the third consecutive year. Concurrently, Newmark amended its revolving credit facility, increasing capacity by 50% to $900 million and extending maturity to April 2030. The Board declared a $0.06 per share dividend — up $0.03 sequentially and year-on-year — and reported $248.9 million remaining under its share repurchase program after retiring $136.3 million worth of shares during the quarter. Net leverage remained conservative at 1.0x as of March 31, 2026.