Zacks Equity Research 10/07/2020 02:46 AM ET Newmark is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. We will look for fill-ins and where opportunities for accretive acquisitions will occur. Newmark, Grubb & Ellis, ARA, Computerized Facility Integration, Excess Space Retail Services, Inc., and Berkeley Point are trademarks/service marks, and/or registered trademarks/service marks and/or service marks of Newmark Group, Inc. and/or its affiliates. Where, despite -- I wish everybody health and safety, and I look forward to speaking to you in the next quarter. We kinda consider ourselves more in the Navy Seal category. 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. Joining me virtually on the call today are Newmark's Chief Financial Officer, Mike Rispoli; our Chief Strategy Officer, Jeff Day; and our Chief Revenue Officer, Lou Alvarado. Q3 2020 Result presentation. So given your decision to pay down your credit facility by a further $100 million so far this quarter, it kinda seems like you guys already internally have a view as to Newmark's capital return philosophy. Other income for adjusted earnings was $94.5 million and reflects the annual NASDAQ earn-out. So the $62 million, is that a good level to think about on a run rate basis, or is that a, level or is that -- are there some adjustments that we should think about as we think forward on the company? And so we're encouraged by that. Can you provide some color on your non-transactional revenue during the quarter? We believe that the office is going to be here, and that the remote working will be a part of it. Together with London-based partner Knight Frank and But we believe that ultimately, the business is moving toward a densification that overshot the mark. Is this more dividend? Our leasing revenues were down 46.1%. With respect to our capital return policy, we plan to update you on our next quarterly conference call. So that would imply a significant reduction in that line item year-over-year in the fourth quarter. Stock Advisor launched in February of 2002. Michael Funk -- Bank of America -- Analyst. This concludes our question-and-answer session. 2021, I think it's a little too early to really project that at this point, but we'll try and give you more color as we get into 2021. Any figures with respect to cash flow from operations, discussed on today's call refer to net cash provided by operating activities, excluding loan originations and sales. I think that we're considering and internally discussing how we're gonna best serve our shareholders with respect to the use of our capital, which could include all of the above. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. All of the above? Sure. Yeah. So there is a significant amount of low interest rates. The company provides real estate strategic consulting and systems integration services to CFI's global clients including many Fortune 500 and Forbes Global 2000 companies, owner-occupiers, government agencies, healthcare and higher education clients. Jason Harbes -- Head of Investor Relations. But we believe that CEOs are going to want to bring their office workers back to the office, better monitoring and more productivity. Investor relations. Newmark Group, Inc. provides commercial real estate services in the United States and internationally. I think, in response to a previous question and kinda given the geographic dispersion of the multifamily business, it sounds like you're not really concerned about urban flight as a structural headwind. Thank you, Gary, and good morning. Multifamily, life sciences, and industrial should outperform the property types in the fourth quarter and into 2021. Our DSOs are down year-to-date, over 10 days, so we really stay focused on that. And by virtue of the expense cuts and some restructuring that we've done, we've improved margins as well. Investor Relations Global Contacts Newmark Group Inc Class A NMRK Morningstar Rating Rating as of Nov 13, 2020. We have built a company that has remained strongly profitable during the quarter. Moving on to expenses. Okay. And we think we have a really still very good runway to do that. We've looked at specific areas to fill in white space to put members of the team on the field in things that help us on a holistic basis and create a multiplier. ... 10 stocks we like better than Newmark Group, Inc. And I think that we will be one of those winners that comes through this -- to the other side and in all of the categories, and do better. And then last one for me, so your leasing revenues were down, I think it was 46% year-over-year. Newmark, Grubb & Ellis, ARA, Computerized Facility Integration, Excess Space Retail Services, Inc., and Berkeley Point are trademarks/service marks, and/or registered trademarks/service marks and/or service marks of Newmark Group, Inc. and/or its affiliates.