Marcus & Millichap, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
August 07, 2024 at 04:48 pm EDT
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Marcus & Millichap, Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported revenue was USD 158.37 million compared to USD 162.87 million a year ago. Net loss was USD 5.54 million compared to USD 8.73 million a year ago. Basic loss per share from continuing operations was USD 0.14 compared to USD 0.23 a year ago. Diluted loss per share from continuing operations was USD 0.14 compared to USD 0.23 a year ago.
For the six months, revenue was USD 287.47 million compared to USD 317.66 million a year ago. Net loss was USD 15.53 million compared to USD 14.56 million a year ago. Basic loss per share from continuing operations was USD 0.4 compared to USD 0.37 a year ago. Diluted loss per share from continuing operations was USD 0.4 compared to USD 0.37 a year ago.
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 Companyâs investment brokerage and financing professionals serve private clients within the private client market segment.
MARCUS & MILLICHAP, INC. 
