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Stock impact report

Marcus & Millichap, Inc. Reports Results for Fourth Quarter and Full Year 2023

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 brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services, today reported financial results for the fourth quarter and the year ended December 31, 2023.Fourth Quarter 2023 Highlights Compared to Fourth Quarter 2022Total revenue of $166.2 million, compared to $262.4 millionBrokerage commissions of $144.6 million, compared to $235.8 millionPrivate Client Market brokerage revenue of $94.8 million, compared to $145.6 millionMiddle Market and Larger Transaction Market brokerage revenue of $44.1 million, compared to $85.1 millionFinancing fees of $15.9 million, compared to $21.6 millionNet loss of $10.2 million, or $0.27 per common share, diluted, compared to net income of $7.9 million, or $0.20 per common share, dilutedEarnings were also impacted by higher expenses related to investments in g Show less Read more
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