Newmark Group, Inc. (NASDAQ: NMRK), which, through subsidiaries, operates a leading full-service commercial real estate services business, today updated its outlook with respect to its financial results for the year ending December 31, 2018.

Updated Outlook 

Newmark expects its results for the full-year 2018 to be around the high-end of its previously stated outlook for revenues, Adjusted Earnings per share, and Adjusted EBITDA.

This outlook was contained in Newmark's financial results press release issued on October 25, 2018, which can be found at http://ir.ngkf.com. The Company's full year outlook for 2018 compared with 2017 was as follows:

• Newmark expected to produce 2018 revenues of between approximately $1,975 million and $2,025 million, which would represent an increase of between 24 percent and 27 percent compared with $1,596.5 million in 2017.
• Newmark expected 2018 post-tax Adjusted Earnings per share to be in the range of approximately $1.45 and $1.53, or an increase of between 26 percent and 33 percent versus $1.15 in 2017.
• The Company anticipated Adjusted EBITDA to be between $518 million and $538 million, or an increase of 39 to 44 percent compared with approximately $374 million in 2017.
• Newmark anticipated its 2018 tax rate for Adjusted Earnings to be in the range of approximately 12 percent and 14 percent, compared with 18 percent in 2017.

About Newmark Group, Inc.

Newmark Group, Inc. is a publicly traded company that, through subsidiaries, operates as a full-service commercial real estate services business with a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry. Under the Newmark Knight Frank name, the investor/owner services and products of Newmark Group's subsidiaries include capital markets (including investment sales), agency leasing, property management, valuation and advisory, diligence and underwriting. Newmark Group's subsidiaries also offer government sponsored enterprise lending, loan servicing, debt and structured finance, and loan sales. Newmark Group's occupier services and products include tenant representation, global corporate services, real estate management technology systems, workplace and occupancy strategy, consulting, project management, lease administration and facilities management. Newmark Group enhances these services and products through innovative real estate technology solutions and data analytics designed to enable its clients to increase their efficiency and profits by optimizing their real estate portfolio.

Newmark Group has relationships with many of the world's largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. Newmark Group's Class A common stock trades on the NASDAQ Global Select Market under the ticker symbol "NMRK". Newmark is a trademark/service mark and/or registered trademark/service mark of Newmark Group and/or its affiliates. Knight Frank is a service mark of Knight Frank (Nominees) Limited. Find out more about Newmark at http://www.ngkf.com/, https://twitter.com/newmarkkf, https://www.linkedin.com/company/newmark-knight-frank/, and/or http://ir.ngkf.com/investors/investors-home/default.aspx.