Newmark Group Stock Price, News & Analysis

Newmark Group (NMRK), a leading commercial real estate advisor and service provider, announced the release of its financial results for Q4 and full-year 2024. The company has scheduled a conference call for 10:00 a.m. ET to discuss the results and has declared its quarterly dividend.

The complete financial results, investor presentation, and supplemental Excel financial tables are available through various channels on the company's website, including the investor relations and media sections. The announcement indicates that the upcoming conference call will include forward-looking statements regarding the company's financial outlook.

Newmark has arranged a significant recapitalization and new joint venture between Hines and CubeSmart for a 14-property self-storage portfolio in the Dallas-Fort Worth Metroplex. The transaction, one of the largest self-storage portfolio deals of 2024, was led by Newmark's Vice Chairman Aaron Swerdlin and Executive Managing Director Andrew Warin.

The portfolio features over 9,700 units across more than 1.25 million net rentable square feet, operating under the CubeSmart Self Storage brand. The properties are strategically located in key submarkets including Arlington and Plano, targeting areas with rapid population growth and increasing storage demand.

According to Newmark's Q3 2024 report, Dallas ranks third for projected population growth, demonstrating strong correlation between favorable macroeconomic trends and investment activity in the region.

Newmark Group (NMRK) announces that London-based real estate advisory firms BH2 and Gerald Eve now operate under the Newmark brand, marking significant expansion in Europe. The company generated nearly $350 million in revenue from outside the U.S. in the 12 months ending September 30, 2024, representing over 60% compound annual growth rate since its 2017 IPO.

The company now operates from more than 20 European offices across multiple business lines, including Capital Markets, Corporate Real Estate Advisory, Debt and Structured Finance, and other services. Newmark has built a foundation of over 1,000 professionals across the UK, France, Germany, Ireland, the Netherlands, Belgium, Italy and Poland. The expansion includes previous acquisitions of BH2, Gerald Eve, Harper Dennis Hobbs, Knotel and Deskeo.

Newmark Group (NMRK) has arranged a significant $2.3 billion construction financing for a major data center project in Abilene, Texas. The facility, a 206 megawatt (MW) Build-to-Suit development, is being developed on behalf of Blue Owl Capital, Crusoe Energy Systems, and Primary Digital Infrastructure.

The project, which broke ground in 2024, is leased to a leading technology company and will feature 300 MW of on-site self-generation capacity. JP Morgan provided the loan, which was secured by Newmark's debt and structured finance team. Initial capacity is expected to be delivered in early 2025.

According to Newmark Research, the data center industry is experiencing rapid growth driven by hyperscalers, AI and HPC users, and large enterprises, with construction pipelines reaching new records last year.

Newmark Group (Nasdaq: NMRK) has announced it will release its fourth quarter and full year 2024 financial results on Friday, February 14, 2025. The company will issue an advisory press release at 8:00 a.m. ET, followed by a conference call at 10:00 a.m. ET to discuss the results.

The full financial results will be available through the company's investor relations website and media page. A webcast of the conference call will be accessible through a dedicated link, with replay available from 1:00 p.m. ET on February 14, 2025, until February 14, 2026.

Newmark Group (NASDAQ: NMRK) has arranged the $360 million sale of Two Park Avenue in Manhattan, marking the largest advisor-led office transaction in New York City in 2024. Morgan Stanley sold the property to Haddad Brands, which plans to occupy part of the one-million-square-foot building and lease the remainder.

The 29-story Class A art deco building, located near Grand Central and Penn Station, features amenities including a 27th-story penthouse lounge, outdoor terrace, ground-floor lobby, conference center, and bike parking. The transaction aligns with a growing trend of occupiers becoming owners, with occupier-owner transactions increasing 36% year-to-date through Q3, as companies opt to purchase properties at discounts rather than lease.

Newmark Group (NASDAQ: NMRK) has arranged a $600 million construction financing for a 50 megawatt build-to-suit data center development in Northern Virginia. The project is being developed by Blue Owl Real Estate, Chirisa and PowerHouse Data Centers, and will be leased to CoreWeave, a hyperscale graphics processing unit provider.

The development is located within the 300+ acre Chirisa Technology Park in Richmond and is expected to deliver initial capacity in 2025. The facility will feature state-of-the-art fit-outs and access to highly redundant fiber networks to serve customers throughout the east coast. The loan was provided by a syndicate led by Societe Generale.

Newmark Group (NMRK) has arranged a significant $400 million credit facility for PORT 32 Marinas. The financing, provided by Austria-based BAWAG Group, will be used to refinance PORT 32's existing portfolio of coastal marinas and fund future marina acquisitions. The deal was orchestrated by Newmark's senior executives Jordan Roeschlaub, Chris Kramer, and Jonathan Firestone, highlighting the strong demand for premier coastal marinas in the Eastern United States.

Newmark Group (NMRK) has arranged a landmark $525 million refinancing for a portfolio of six apartment properties operated by Sentral on behalf of ICONIQ Capital. The first-of-its-kind single-asset, single-borrower CMBS loan, provided by Deutsche Bank and Goldman Sachs, covers 1,790 units across major urban markets. 25% of the units operate under a 'flexible living' strategy, offering furnished accommodations for short- or mid-length stays.

The portfolio includes properties in Denver, Chicago, Nashville, Miami, and Austin. Sentral, established in 2019, manages over 10,000 units for ICONIQ and other institutional owners, with a track record of outperforming traditional apartment operations. This transaction represents a significant validation of the flexible living model as an institutional asset class.