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OFFON

NEWMARK GROUP, INC.

(NMRK)
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Newmark : Names Jason McGruder as Head of Investor Relations

09/29/2021 | 06:52pm EST
Newmark Names Jason McGruder as Head of Investor Relations September 28th, 2021 1:00pm
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September 28, 2021 1:00PM

Newmark Group, Inc. ("Newmark," "the Company"), a leading global commercial real estate services firm, is pleased to announce Jason McGruder as Head of Investor Relations ('IR').

In this role, McGruder will be responsible for maintaining and expanding relationships in the investment community while communicating the Company's business model, long-term strategy, governance and financial performance. McGruder is a seasoned industry expert with nearly two decades of experience building relationships and engaging with investors and analysts, including a previous investor relations advisory role for Newmark.

"As Newmark embarks on our next phase of significant growth, including ongoing global expansion, communication of our strategy and value proposition to all of our stakeholders requires a seasoned leader like Jason," said ​​Newmark Chief Financial Officer Mike Rispoli. "We are excited to have him on the team."

McGruder joined Cantor Fitzgerald in 2006, liaising with the capital markets regarding the company and its subsidiaries, including Newmark and BGC Partners, eSpeed Inc. and GFI Group Inc. His career also consists of roles at Rocket Companies, Jefferies Group LLC, DoubleClick, Inc. and what is now FTI Consulting's investor relations practice. McGruder's extensive knowledge of corporate governance practices and SEC regulations ensured the highest communication standards with the company's community of investors. McGruder earned a Master of Business Administration degree in Finance from NYU Stern School of Business and a Bachelor of Arts in Political Economy of Industrialized Societies from the University of California, Berkeley.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.2 billion for the trailing twelve months ending June 30, 2021. Newmark's company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

Disclaimer

Newmark Group Inc. published this content on 28 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2021 22:51:03 UTC.


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Sales 2021 2 728 M - -
Net income 2021 693 M - -
Net Debt 2021 - - -
P/E ratio 2021 5,43x
Yield 2021 0,24%
Capitalization 3 247 M 3 247 M -
Capi. / Sales 2021 1,19x
Capi. / Sales 2022 1,08x
Nbr of Employees 4 150
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 16,55 $
Average target price 18,00 $
Spread / Average Target 8,76%
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Managers and Directors
Barry M. Gosin Chief Executive Officer
James D. Kuhn President & Head-Investor Services
Michael J. Rispoli Chief Financial Officer
Howard William Lutnick Chairman
Sridhar Potineni Chief Information Officer
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