NEWMARK GROUP Business Summary

Newmark Group, Inc. (NMRK) is a global commercial real estate powerhouse that generates revenue through a diversified mix of transaction-based fees and recurring service contracts. Its operations are organized into three primary segments: Management Services & Servicing Fees, which includes property management, valuation, and advisory; Capital Markets, covering investment sales and mortgage brokerage; and Leasing & Other Commissions, representing both owners and occupiers. For the twelve months ended September 30, 2025, the company reported revenues exceeding $3.1 billion, driven by aggressive expansion in high-growth verticals like data centers and life sciences. Newmark competes directly with industry giants such as CBRE Group, Jones Lang LaSalle (JLL), Cushman & Wakefield, and Colliers International. While smaller in total revenue than CBRE or JLL, Newmark maintains a premium market position as the third-largest investment broker in the Americas, frequently outpacing larger rivals in capital markets growth and specialized debt placement. Originally founded in 1929 by Dave Newmark, the firm evolved into a global entity under the long-term leadership of the Gural family and current CEO Barry M. Gosin, who has led the company since 1979. The executive team is anchored by Gosin, Chief Financial Officer Michael Rispoli, and Chief Operating Officer Luis Alvarado, who assumed his role in early 2025. Following the appointment of former Chairman Howard Lutnick as the U.S. Secretary of Commerce in early 2025, Stephen Merkel was named Chairman of the Board, bringing decades of legal and strategic expertise from his tenure at Cantor Fitzgerald. The company’s ownership structure is characterized by significant institutional backing from The Vanguard Group and BlackRock, alongside a substantial insider stake held by Cantor Fitzgerald L.P. The board also includes notable figures such as Kyle Lutnick and Audit Committee Chair Kenneth A. McIntyre, ensuring a blend of legacy continuity and institutional oversight.