since 1971, marcus & millichap (nyse: mmi) has been the premier provider of investment real estate brokerage services, including investment sales, financing, research and advisory services. the foundation of our investment sales is the depth of our local market knowledge. our history of maintaining investor relationships in local markets enables us to be the best information source and transaction service provider throughout the united states and canada.
Company profile
Ticker
MMI
Exchange
Website
CEO
Hessam Nadji
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Marcus & Millichap Real Estate Investment Services, Inc. • Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. • Marcus & Millichap Real Estate Investment Services of Chicago, Inc. • Marcus & Millichap Real Estate Investment Services of Florida, Inc. • Marcus & Millichap Real Estate Investment Services of Nevada, Inc. • Marcus & Millichap Real Estate Investment Services of North Carolina, Inc. • Marcus & Millichap Real Estate Investment Services of Seattle, Inc. • Marcus & Millichap Real Estate Investment Services Canada Inc. • Marcus & Millichap Capital Corporation • Marcus & Millichap Capital Corporation Canada Inc. ...
MMI stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
22 Mar 24
DEFA14A
Additional proxy soliciting materials
22 Mar 24
DEF 14A
Definitive proxy
22 Mar 24
10-K/A
2023 FY
Annual report (amended)
27 Feb 24
10-K
2023 FY
Annual report
27 Feb 24
8-K
Marcus & Millichap, Inc. Reports Results for Fourth Quarter and Full Year 2023
15 Feb 24
10-Q
2023 Q3
Quarterly report
3 Nov 23
8-K
Marcus & Millichap, Inc. Reports Results for Third Quarter 2023 Highlights Compared to Third Quarter 2022
2 Nov 23
10-Q
2023 Q2
Quarterly report
4 Aug 23
8-K
Marcus & Millichap, Inc. Reports Results for Second Quarter 2023 Highlights Compared to Second Quarter 2022
4 Aug 23
Transcripts
MMI
Earnings call transcript
2023 Q4
16 Feb 24
MMI
Earnings call transcript
2023 Q3
3 Nov 23
MMI
Earnings call transcript
2023 Q2
4 Aug 23
MMI
Earnings call transcript
2023 Q1
5 May 23
MMI
Earnings call transcript
2022 Q4
17 Feb 23
MMI
Earnings call transcript
2022 Q3
4 Nov 22
MMI
Earnings call transcript
2022 Q2
6 Aug 22
MMI
Earnings call transcript
2022 Q1
6 May 22
MMI
Earnings call transcript
2021 Q4
18 Feb 22
MMI
Earnings call transcript
2021 Q3
5 Nov 21
Latest ownership filings
4
John David Parker
18 Mar 24
144
Notice of proposed sale of securities
14 Mar 24
4
Gregory A. LaBerge
14 Mar 24
4
Kurt Henry Schwarz
12 Mar 24
4
John David Parker
12 Mar 24
4
Hessam Nadji
12 Mar 24
4
Richard D. Matricaria
12 Mar 24
4
Gregory A. LaBerge
12 Mar 24
4
Steven F. DeGennaro
12 Mar 24
144
Notice of proposed sale of securities
12 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 224.17 mm | 224.17 mm | 224.17 mm | 224.17 mm | 224.17 mm | 224.17 mm |
Cash burn (monthly) | (no burn) | 3.89 mm | 5.14 mm | 2.68 mm | (no burn) | 5.14 mm |
Cash used (since last report) | n/a | 23.26 mm | 30.75 mm | 15.99 mm | n/a | 30.74 mm |
Cash remaining | n/a | 200.91 mm | 193.42 mm | 208.18 mm | n/a | 193.43 mm |
Runway (months of cash) | n/a | 51.6 | 37.6 | 77.8 | n/a | 37.6 |
Institutional ownership, Q3 2023
98.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 147 |
Opened positions | 16 |
Closed positions | 22 |
Increased positions | 45 |
Reduced positions | 54 |
13F shares | Current |
---|---|
Total value | 684.62 bn |
Total shares | 37.77 mm |
Total puts | 1.70 k |
Total calls | 5.40 k |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
Marcus George M | 14.29 mm | $525.41 mm |
Vanguard | 3.80 mm | $111.61 bn |
BLK Blackrock | 3.69 mm | $108.17 bn |
Royce & Associates | 2.17 mm | $63.61 bn |
Dimensional Fund Advisors | 1.95 mm | $57.17 bn |
Reinhart Partners | 1.32 mm | $38.85 bn |
Schroder Investment Management | 1.07 mm | $31.51 bn |
Lord, Abbett & Co. | 972.95 k | $28.56 bn |
STT State Street | 841.46 k | $24.90 bn |
FMR | 816.92 k | $23.97 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Mar 24 | John David Parker | Common Stock | Sell | Dispose S | No | No | 32.8301 | 9,716 | 318.98 k | 12,376 |
13 Mar 24 | LaBerge Gregory A. | Common Stock | Sell | Dispose S | Yes | No | 33.52 | 4,184 | 140.25 k | 828 |
12 Mar 24 | Richard D. Matricaria | Common Stock | Sell | Dispose S | No | No | 33.3161 | 9,500 | 316.50 k | 7,078 |
10 Mar 24 | Steven F. DeGennaro | Common Stock | Payment of exercise | Dispose F | No | No | 34.06 | 892 | 30.38 k | 17,482 |
10 Mar 24 | Steven F. DeGennaro | Common Stock | Option exercise | Acquire M | No | No | 0 | 2,500 | 0.00 | 18,220 |
10 Mar 24 | Steven F. DeGennaro | Common Stock | Payment of exercise | Dispose F | No | No | 34.06 | 3,161 | 107.66 k | 15,720 |
10 Mar 24 | Steven F. DeGennaro | Common Stock | Option exercise | Acquire M | No | No | 0 | 8,854 | 0.00 | 18,881 |
10 Mar 24 | Steven F. DeGennaro | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,500 | 0.00 | 10,008 |
10 Mar 24 | Steven F. DeGennaro | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 8,854 | 0.00 | 26,564 |
10 Mar 24 | Richard D. Matricaria | Common Stock | Payment of exercise | Dispose F | No | No | 34.06 | 2,064 | 70.30 k | 16,578 |
News
Reported Earlier, Marcus & Millichap's Institutional Property Advisors Brokers Sale And Arranges Financing For $94.5M Southeast Phoenix Multifamily Asset
15 Mar 24
Marcus & Millichap Says It Remains Well-positioned To Achieve Long-term Growth
16 Feb 24
Marcus & Millichap Q4 EPS $(0.27) Beats $(0.28) Estimate, Sales $166.24M Miss $171.20M Estimate
16 Feb 24
Earnings Scheduled For February 16, 2024
16 Feb 24
Marcus & Millichap Earnings Preview
15 Feb 24
Press releases
Marcus & Millichap Publishes Institutional Multifamily Market Intelligence Report
21 Mar 24
Institutional Property Advisors Brokers Sale and Arranges Financing for $94.5 Million Southeast Phoenix Multifamily Asset
14 Mar 24
Marcus & Millichap Brokers $79 Million Orange County Multifamily Asset Sale
22 Feb 24
Marcus & Millichap, Inc. Reports Results for Fourth Quarter and Full Year 2023
16 Feb 24
Marcus & Millichap Declares Regular Semi-Annual Dividend of $0.25 Per Share
9 Feb 24