Cushman & Wakefield reported net income of nearly $7 million in the first quarter of 2020, down 70 percent from the same time last year. Revenue remained relatively flat at just shy of $1.9 billion, but the firm posted larger operating losses. The steady stream of revenue from property management, which made up a little more than half of the quarter’s fee revenue, helped mitigate the losses in leasing and capital markets due to the
source https://therealdeal.com/2020/05/07/cushmans-income-drops-70-in-q1/
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