Newmark continued its 2026 momentum as a leading global real estate advisory firm by topping earnings forecasts for a second straight quarter, thanks largely to a boost in its capital markets investment business. The company reported adjusted earnings per share of 39 cents for the second quarter to beat out Wall Street forecasts of 38 cents. Capital markets revenues rose 16 percent, which Newmark attributed to a large increase in multifamily investment sales activity, particularly for senior housing and affordable housing assets. 1 investment sales platform in affordable housing with a large percentage of that portfolio composed of properties backed by Section 8 and Low-Income Housing Tax Credits. He said there are strong tailwinds for affordable housing given the bipartisan political support in Washington, D.C., to confront the affordability issue.