Thank you, Jason. Good morning, and thank you for joining us for Newmark's First Quarter 2019 Conference Call. With me today are Newmark's Chairman Howard Lutnick; and our Chief Financial Officer Mike Rispoli. Newmark generated 4% revenue growth, an 18% improvement in post-tax adjusted earnings per share, and a 9% improvement in adjusted EBITDA. I'm pleased to report that the company's Board of Directors raised our dividends by $0.01 to $0.10 per common share. At yesterday's closing price this translates into a yield of 4.9%.
We continue to grow across leasing, investment sales, mortgage brokerage and multifamily during the quarter. We are pleased to reaffirm our full year 2019 revenue and adjusted EBITDA guidance. As we execute on our plan to reduce net share issuance, we are increasing our 2019 adjusted earnings per share guidance by $0.05. We now expect adjusted earnings per share to improve to between $1.60 and $1.70, which is 7% to 13% higher for the full year. Our results are consistent with normal first quarter seasonality for Newmark and its full service peers.
READ FULL ARTICLE HERE
