Newmark Group Inc

NASDAQ:NMRK

Strong quarter: Newmark said total revenue rose 17% to an all-time second-quarter high of $888.4 million, while adjusted EPS increased 25.8% to $0.39.

Broad-based growth: Management services, leasing, and capital markets all grew at double-digit rates, with management and servicing setting a fourth straight record quarter.

Guidance held: Despite the strong first half, management left full-year guidance unchanged, citing a tougher second-half comparison and uncertainty around the timing of large transactions.

Pipeline healthy: Executives said debt, investment sales, and management business pipelines remain strong, especially in office, data centers, digital infrastructure, and affordable housing.

Capital focus: Newmark is shifting capital allocation toward M&A, especially deals that strengthen recurring revenue and cross-sell opportunities, while buybacks remain an option if acquisitions do not close.

Long-term goals: Management reiterated its goal of more than $2 billion in annual revenue by 2029 and continued double-digit top- and bottom-line growth in 2026.