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Marcus and Millichap Inc   (MMI)
Other Ticker:  
 
    Sector  Services    Industry Real Estate Operations
   Industry Real Estate Operations
   Sector  Services
 
Price: $32.3500 $-0.51 -1.552%
Day's High: $32.785 Week Perf: -1.7 %
Day's Low: $ 32.29 30 Day Perf: -5.02 %
Volume (M): 89 52 Wk High: $ 44.24
Volume (M$): $ 2,866 52 Wk Avg: $33.59
Open: $32.57 52 Wk Low: $26.81



 Market Capitalization (Millions $) 1,251
 Shares Outstanding (Millions) 39
 Employees 1,819
 Revenues (TTM) (Millions $) 646
 Net Income (TTM) (Millions $) -34
 Cash Flow (TTM) (Millions $) -65
 Capital Exp. (TTM) (Millions $) 9

Marcus And Millichap Inc

Marcus & Millichap, Inc. (“MMI”) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. We have been the top broker in the United States based on the number of investment transactions for over 10 years.

We divide commercial real estate into four major market segments, characterized by price:

• Properties with prices less than $1 million;

• Private client market: properties priced from $1 million up to $10 million;

• Middle market: properties priced from $10 million up to $20 million; and

• Larger transaction market: properties priced from $20 million and above.
We service clients in all of these market segments by underwriting, marketing, selling and financing commercial real estate properties in a manner that maximizes value for sellers and provides buyers with the largest and most diverse inventory of commercial properties. Our business model is based on several key attributes:

• a 47-year history of providing investment brokerage and financing services through a proprietary marketing system, policies and culture of information sharing and in-depth investment brokerage training, all of which is executed under the supervision of a dedicated management team focused on client service and growing the firm;

• market leading share and brand within the $1-$10 million private client market segment, which consistently represents more than 80% of total U.S. commercial property transactions greater than $1 million in the marketplace;

• Over 1,800 investment sales and financing professionals providing consistent services and exclusive client representation across multiple property types;

• a broad geographic platform consisting of 78 offices in the United States and Canada powered by information sharing and proprietary real estate marketing technologies;

• an ability to scale with our private clients as they grow and connect private capital with larger assets through our Institutional Property Advisors (“IPA”) group;

• a financing team integrated with our brokerage sales force providing independent mortgage brokerage services;

• an experienced management team overseeing our offices, with an average of approximately 10 years of real estate investment brokerage experience with our Company;

• our managers not competing with or participating in investment sales professionals’ commissions; because they are in a support and leadership role as company executives; and

• industry-leading research and advisory services tailored to the needs of our clients and supporting our investment sales and financing professionals.

The investment brokerage and financing businesses serving private clients within the $1-$10 million private client market segment represent the largest part of our business, which differentiates us from our competitors. In 2017, approximately 68% of our brokerage commissions came from this market segment. Accordingly, our business model distinguishes us from our national competitors, who may focus primarily on the more volatile larger transaction market segment or on other business activities such as leasing or property management, and from our local and regional competitors, who lack a broad national platform.

Our business model and geographic footprint provide an unparalleled level of connectivity to the marketplace for our clients. Our investment sales and financing professionals are specialized by property type and by local market area, as we believe this focused expertise brings value to our clients. Our broad geographic coverage, encompassing 78 offices in the United States and Canada, combined with our local and national property expertise and significant relationships with both buyers and sellers, provides exposure and access to properties across the United States and Canada. This connectivity to a broad marketplace increases liquidity and opportunities for our clients as we maximize the value of their properties by accessing the largest pool of qualified buyers through our network of sales professionals and proprietary real estate inventory and marketing system. By closing more transactions annually than any other brokerage firm in the private client market segment, our investment sales professionals are able to provide clients with a broad and deep perspective in multiple property types in real estate markets locally, regionally and nationally.

Our experienced management team is responsible for developing and mentoring our investment sales and financing professionals creating a consistent culture of information sharing and environment of best practices to maximize value for our clients. Our managers are compensated as executives incentivized to grow their offices and do not participate in commissions generated by our investment sales and financing professionals. This structure eliminates any competition with our sales force and puts the emphasis on investment sales and financing professionals’ support and client service. In addition, we support our clients and investment sales and financing teams with market and property focused research, publications and custom analysis.



   Company Address: 23975 Park Sorrento, Suite 400 Calabasas 91302 CA
   Company Phone Number: 212-2250   Stock Exchange / Ticker: NYSE MMI
   


   

Stock Performances by Major Competitors

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Marcus And Millichap Inc

Company's Fourth Quarter Revenues Take a Dive, But There's Still Hope for Recovery

Marcus & Millichap Inc., a leading national brokerage firm specializing in commercial real estate investment sales, financing, research, and advisory services, recently announced the declaration of a regular semi-annual dividend of $0.25 per share. The dividend, totaling approximately $10.1 million, will be payable on April 5, 2024, to shareholders of record as of March 12, 2024.
Despite this positive news, the company's shares have seen a decline of -5.26% in the past five trading days, bringing the year-to-date performance to -12.74%. However, the shares are still trading on the NYSE at 12.3% above their 52-week average.

Dividend

Marcus & Millichap Declares Dividend Amid Share Decline: Assessing Impact on Company Performance

Published Fri, Feb 9 2024 1:00 PM UTC

Marcus & Millichap Declares Regular Semi-Annual Dividend Amid Decline in Share Performance
In a recent press release, Marcus & Millichap Inc. (NYSE: MMI) announced the declaration of a regular semi-annual dividend of $0.25 per share, totaling approximately $10.1 million. The dividend is set to be payable on April 5, 2024, to shareholders of record as of March 12, 2024. T...

Product Service News

Marcus & Millichap Report Provides Insight into Canada's Investment Outlook for 2024

Published Fri, Jan 26 2024 10:37 PM UTC

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, has recently released its highly anticipated 2024 investment forecast for Canada. This report offers a comprehensive economic overview and valuable insights into the multifamily, retail, office, industrial, and hospital...

Marcus And Millichap Inc

Marcus & Millichap Inc Discloses Catastrophic Revenue Collapse, Signaling Troubling Future Outlook



Marcus & Millichap Inc, a leading brokerage firm specializing in commercial real estate investment sales, financing, research, and advisory services, recently announced its third-quarter financial results. The company experienced a decline in total revenue and brokerage commissions compared to the same period last year. This article will examine the implications of this performance and discuss how it may affect Marcus & Millichap Inc in the future.
Decrease in Revenue and Brokerage Commissions:
During the third quarter of 2023, Marcus & Millichap Inc reported total revenue of $162.0 million, representing a substantial decrease of 49.967% compared to $323.8 million in the corresponding period in 2022. Brokerage commissions also declined significantly, amounting to $139.8 million compared to $292.9 million in the third quarter of the previous year.

Marcus And Millichap Inc

MMI's Financial Crisis Deepens: Q2 2023 Sees Enormous Revenue Plunge, Losses Expand to $-0.23 per Share!



Marcus And Millichap Inc (MMI) recently announced their fiscal timeframe ending June 30, 2023, and it paints a grim picture for investors. With a sharp decline in revenue and a significant increase in net losses, the company's future prospects appear bleak. Furthermore, the stock's recent performance and current trading position on the NYSE do little to inspire confidence. This article will delve into the financial results and market trends affecting MMI, highlighting the potential risks for investors.
Disastrous Fiscal Performance:
In the reported fiscal timeframe ending June 30, 2023, MMI experienced a staggering decline in revenue of -58.868%, plummeting to $162.87 million. This alarming decrease raises concerns about the company's ability to generate stable income and maintain profitability. Moreover, the net loss per share has swelled to $-0.23 from the previous period, compared to a loss of $-0.15 per share in the same reporting period a year ago.






 

Marcus And Millichap Inc's Segments
 
 
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Earnings Outlook
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Geographic Revenue Dispersion




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