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Stock impact report

Marcus & Millichap, Inc. Reports Results for First Quarter 2024

Marcus & Millichap, Inc. (MMI) 
Last marcus & millichap, inc. earnings: 2/20 04:04 pm Check Earnings Report
US:NYSE Investor Relations: marcus.com/us/en
Company Research Source: Business Wire
CALABASAS, Calif.--(BUSINESS WIRE)--Marcus & Millichap, Inc. (the “Company”, “Marcus & Millichap”, or “MMI”) (NYSE: MMI), a leading national real estate services firm specializing in commercial real estate investment sales, financing, research and advisory services, reported its first quarter results today.First Quarter 2024 Highlights Compared to First Quarter 2023Total revenue of $129.1 million, compared to $154.8 millionBrokerage commissions of $109.5 million, compared to $135.0 millionPrivate Client Market brokerage revenue of $73.2 million, compared to $90.5 millionMiddle Market and Larger Transaction Market brokerage revenue of $31.5 million, compared to $39.5 millionFinancing fees of $14.4 million, compared to $15.9 millionNet loss of $10.0 million, or $0.26 per common share, diluted, compared to net loss of $5.8 million, or $0.15 per common share, dilutedEarnings were primarily impacted by a lower number of transactions against a challenging market environment resulting in Show less Read more
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