Marcus & Millichap Inc (N:MMI)

Sector:  Financials Industry:  Real Estate Services
See Regulatory Filings on SEC
Company Contact
Address: 23975 Park Sorrento Ste 400
CALABASAS CA 91302-4014
Tel: 1-203-6828265
IR: See website
Key People
George M. Marcus
Chairman of the Board
Hessam Nadji
President, Chief Executive Officer, Director
Martin E. Louie
Senior Vice President, Director
Scott Holmes
Senior Vice President and National Director - Retail
Business Overview
Marcus & Millichap, Inc. is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory and consulting services. It provides its financing services through Marcus & Millichap Capital Corporation, which is a broker of debt financing for commercial properties. Its research, advisory and consulting services are designed to assist clients in forming their investment strategy and making transaction decisions. Its advisory services include opinions of value, operating and financial performance benchmarking analysis, and specific asset buy-sell strategies. As of December 31, 2016, the Company had over 1,700 investment sales and financing professionals in 82 offices in the United States and Canada that provide investment brokerage and financing services.
Financial Overview
For the nine months ended 30 September 2019, Marcus & Millichap Inc revenues decreased 3% to $568.5M. Net income decreased 8% to $56.2M. Revenues reflect Real estate brokerage commissions decrease of 4% to $513.8M. Net income also reflects Selling, general, and administrative exp increase of 3% to $148.8M (expense), Depreciation & Amortization increase of 25% to $5.7M (expense), Rental Expense increase of 31% to $999K (expense).
Employees: 831 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $1,135M as of Sep 30, 2019
Annual revenue (TTM): $798.80M as of Sep 30, 2019
EBITDA (TTM): $109.25M as of Sep 30, 2019
Net annual income (TTM): $82.43M as of Sep 30, 2019
Free cash flow (TTM): $46.11M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 39,132,236 as of Oct 31, 2019
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization