XML 31 R16.htm IDEA: XBRL DOCUMENT

Investments	12 Months Ended
Investments	Dec. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]
Investments	Investments Newmark had a 27% ownership in Real Estate LP, a joint venture with Cantor in which Newmark had the ability to exert significant influence over the operating and financial policies. Accordingly, Newmark had accounted for this investment under the equity method of accounting. Newmark did not recognize equity income (loss) for the years ended December 31, 2025 and 2024, respectively. For the year ended December 31, 2023, Newmark recognized equity income of $14.2 million. Equity income (loss) is included in “Other income (loss), net” on the accompanying consolidated statements of operations. On July 20, 2022, Newmark exercised its redemption option. In December 2022, the Audit Committee authorized a subsidiary of Newmark to rescind its July 20, 2022 written notice exercising the optional redemption of its 27% ownership interest in Real Estate LP and amended the joint venture agreement between Newmark and Real Estate LP to provide for a redemption option for this investment after July 1, 2023, with proceeds to be received within 20 days of the redemption notice. A payment of a $44.0 thousand administrative fee was made to Newmark in connection with such amendment. Newmark exercised its redemption option and received payment of $105.5 million from Cantor during the year ended December 31, 2023, terminating Newmark’s interest in Real Estate LP. There was no additional gain recognized on the exercise and receipt of payment. Investments Carried Under Measurement Alternatives Newmark has acquired investments in entities for which it does not have the ability to exert significant influence over operating and financial policies. The carrying values of these investments were $4.1 million and $5.2 million as of December 31, 2025 and 2024, respectively, and are included in “Other assets” on the accompanying consolidated balance sheets. Newmark recognize realized losses of $0.9 million for the year ended December 31, 2025. Newmark did not recognize any realized gains (losses) for the year ended December 31, 2024 and 2023 respectively. Newmark recognized unrealized losses of $0.2 million and $3.8 million related to these investments for the years ended December 31, 2025 and 2023, respectively and Newmark did not recognize unrealized gains (losses) related to these investments for the year ended December 31, 2024. The changes in value are included as a part of “Other income (loss), net” on the accompanying consolidated statements of operations. Additionally, the Company did not make any investment during the year ended December 31, 2025 and 2023, respectively, and the Company invested $0.3 million during the year ended December 31, 2024.