Marcus & Millichap Inc (N:MMI)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Suite 400, 23975 Park Sorrento CALABASAS CA 91302 |
| Tel: | 1-510-9991284 |
| Website: | https://www.marcusmillichap.com |
| IR: | See website |
| Key People | ||
| George M. Marcus Chairman of the Board, Founder | Hessam Nadji President, Chief Executive Officer, Director | Steven F. Degennaro Chief Financial Officer, Executive Vice President |
| Richard D. Matricaria Executive Vice President and Chief Operating Officer - Western Division | John David Parker Executive Vice President and Chief Operating Officer - Eastern Division | Gregory A. LaBerge Senior Vice President, Chief Administrative Officer |
| Business Overview |
| Marcus & Millichap, Inc. is a brokerage company. The Company is specialized in commercial real estate investment sales, financing services, research, and advisory services. The Company also offers market research, consulting, and advisory services to its clients. The Company offers services to its clients by underwriting, marketing, selling, and financing commercial real estate properties in a manner that maximizes value for sellers, provides buyers with a diverse inventory of commercial properties, and secures competitive financing from lenders for borrowers. The Company divides its commercial real estate into four market segments: properties, private client market, middle market, and larger transaction market. The Company serves clients with one property, multiple properties, and large investment portfolios. The Company's investment brokerage and financing professionals serve private clients within the private client market segment. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Marcus & Millichap Inc revenues decreased 50% to $645.9M. Net loss totaled $34M vs. income of $104.2M. Revenues reflect Real estate brokerage commissions decrease of 52% to $559.8M, Financing fees decrease of 41% to $66.9M. Net loss reflects Advertising Expenses increase of 14% to $1.9M (expense), Depreciation and amortization increase of 2% to $13.6M (expense). |
| Employees: | 896 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $858.53M as of Dec 31, 2023 |
| Annual revenue (TTM): | $645.93M as of Dec 31, 2023 |
| EBITDA (TTM): | -$45.68M as of Dec 31, 2023 |
| Net annual income (TTM): | -$34.04M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$101.90M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 38,650,503 as of Mar 12, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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