Newmark Group’s first-quarter profit fell 52 percent from a year ago even as revenue grew, said the company, which operates commercial real estate advisory firm Newmark Knight Frank, Thursday morning. Revenue for the quarter was about $484 million, up 8.1 percent from the same period of 2019, when it was about $448 million. However, the pandemic only really began slowing down real estate activity in the second half of March. Net income available to stockholders
source https://therealdeal.com/2020/05/07/newmark-profit-down-revenue-up/
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